The next wave of supply-chain innovation will be driven by startups that help incumbents win


For years, the prevailing narrative for innovation in supply chain has focused on the disruptors: Upstarts that enter the industry with new technologies and business models to displace incumbents. Enablers take on the unglamorous role of helping incumbents stay relevant. Steve Sloane.

Four Fundamental Innovations of Web3 that Will Upend Web2 Incumbents

Tomasz Tunguz

As I’ve explored web3 I’ve been forming a mental model of the major innovations powering this enormous wave of innovation. At the moment, I see four clusters: A permanent ownership record that exists beyond and outside a company. The photos I take, the movies I buy, the music I rent, the emails I write and receive, the messages I send - all of these are captive. They exist within a database controlled by Google, Netflix, Spotify, Gmail, WhatsApp.


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Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks


Today a startup that is building tools to help incumbent address this challenge is announcing a round of funding on the back of a lot of demand for its services. It will be interesting to see how and if Personetics over time works with more neobanks, alongside the incumbents.

The Founder of a Billion Dollar Startup Explains the Sneaky Strategy Incumbents Used to Crush Him

Entrepreneur's Handbook

Even when startups get big, it doesn’t mean they’re safe from their competition. Continue reading on Entrepreneur's Handbook ». entrepreneurship business founder-stories entrepreneur startup

Seizing Opportunity When Incumbents Play It Safe | E1270

Jason Calacanis

The post Seizing Opportunity When Incumbents Play It Safe | E1270 appeared first on Jason Calacanis.

Backbase raises its first funding, $128M at a $2.6B valuation, for tools that help banks with engagement


” The problem that Basebase is addressing is one that is endemic to the financial services industry: incumbent big banks and others have been building digital services for forty years at this point.

[Varo Money in The Financial Brand] U.S. Challenger Banks Turn Up the Heat on Incumbents


Challenger Banks Turn Up the Heat on Incumbents appeared first on OurCrowd Blog.

The Future of Corporate Venture Capital


Conventional wisdom dictated that incumbents should focus their innovation efforts on R&D and growing their cash cows while investing in a few startups. The following is an excerpt from 500’s CVC report. How has corporate venture capital changed? In the decade since the Great Recession, we have seen digital upstarts – taking advantage of disruptive technologies from AI to IoT – reshape the economy and the corporate pecking order.

The Opening

A VC: Musings of a VC in NYC

So the existing incumbents are the defensive line. And they are not taking on any of the incumbents directly. I like to think of investing in new things a bit like a football running play. Imagine you are the running back.

Understanding How The Innovator’s Dilemma Affects You

Both Sides of the Table

The thesis of the book is that incumbents in markets – especially large and well entrenched markets – seldom survive fundamental technology changes in their industries. It should affect how you think if you are an incumbent but also if you’re a startup. Let’s start with the incumbents position in a market. It is often the situation that the incumbent offers a product that is vastly superior in the market in terms of performance or functionality.

How To End Your Pitch with Your Vision

Dream It

As all investors know from the case of Uber, you cannot size a market based on an incumbent. Getting investors excited about your product is a critical part of raising capital.

The Duolingo English Test

A VC: Musings of a VC in NYC

The “incumbent provider” of English proficiency tests, Test Of English As A Foreign Language (aka TOEFL), has had all of the companies and universities who accept it locked up for many years. But in some markets, incumbency matters more than better. I wrote about our portfolio company Duolingo’s English Proficiency Test back in August of last year.

The Market Diversifies: International Innovation Captures Larger Share Of Startup Funding Applications


Quarterly data from Gust, the online platform for the global angel investment industry, reveals that while incumbent leaders show no sign of slowing down, new industries and areas Read more >. In Q3 the global startup ecosystem continued to thrive, with 25% growth over the same quarter last year and up 18% from last quarter, as the innovation economy expands around the world.

SXSW 2022: Building the Sustainable Startups of the Future


Startups are a Sustainability Accelerant: Unlike industry incumbents with slower, more outdated frameworks, startups often build with sustainability at the forefront of their business?—?even

For LatAm payment orchestration startups, market fragmentation is a blessing in disguise


But incumbents like Stripe and Adyen already dominate distribution channels, and they can easily extend a one-click solution. So if one-click checkout startups are struggling to make headway against incumbents in the single-currency, highly digitized and concentrated U.S. Rocio Wu.

Despite its many troubles, the insurtech market is ‘far from dead,’ investors say


For Clarisse Lam , associate at New Alpha Asset Management , this makes sense: “The repricing represents a great opportunity for incumbents to make strategic acquisitions and accelerate their digital transformation.

Why your company requires both brains and brawn to succeed

Entrepreneurs' Organization

Others may call this dichotomy digital versus physical, the disruptor mindset versus the incumbent mindset, start-up world versus Fortune 500, or tech culture versus industrial culture.

Why fintechs are buying up legacy financial services companies


It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. Oh, how the tables have turned.

Monzo Makes Money Work For Everyone

Y Combinator

2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. Outperforming incumbents with modern experience and digital infrastructure. In comparison, most incumbents were pushing updates on a quarterly or annual basis.

Fintechs could see $100 billion of liquidity in 2021


For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. Jake Jolis. Contributor. Share on Twitter.

Binance founder Changpeng ‘CZ’ Zhao shares his vision of web3 opportunities at TC Sessions: Crypto


earned new investment as it strives to topple incumbents like Coinbase. When it comes to the decentralized world of crypto, few single entities loom larger or carry more weight in the industry than exchange behemoth Binance.

Does economic and geopolitical instability affect your startup’s TAM?


A growing market will have plenty of room for upstart companies to attack incumbents; sometimes startups create their own market, but that’s a bit rarer. Startups and their investors love to talk about big markets and how they are going to go about tackling them.

After raising $10M, Breeze breathes fresh air into a stagnant disability insurance market


Lisa Dolan, managing director at Link Ventures, said she found the company while examining web traffic data, where Breeze was listed among industry incumbents among consumers searching for disability.

FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services


Now, a startup out of Romania that is building tools to help the incumbents respond with better services of their own is announcing a significant round of funding as its business grows.

Booz Allen Hamilton launches $100M corporate venture arm focused on early-stage startups


It’ll be incumbent on Booz Allen Ventures to show that it’s not looking to snuff out or absorb startups for the benefit of its corporate parent.

How to Build a Team That Can Navigate Your Business Through Difficult Times

Entrepreneurs' Organization

Meanwhile, it’s incumbent on you as the CEO to create an environment that encourages action-oriented behavior. Contributed by Chen Amit , co-founder and CEO of Tipalti. Entrepreneurship is one of the most challenging vocations on earth.

UK challenger bank Starling raises $376M, now valued at $1.9B


Starling — which competes against incumbent banks, as well as other challengers like Monzo and Revolut — said it will be using the money to continue its growth.

Predictions for Living, Working, & Traveling Post-Covid in America’s Startup Cities


Venture investors pay close attention to the innovation that emerges when startups unbundle the offerings of industry incumbents.

What To Do When Your Competitor Gets Funded?

Both Sides of the Table

And our competitors are not really each other but the incumbent businesses that have 99.9% ” In summary: The competitors are the incumbents. This morning announced they raised $9 million from Sequoia , arguably the best venture capital firm that exists. Congratulations. Sincerely. Conventional wisdom says I shouldn’t tell you this because I invested in their main competitor, MakeSpace.

PostEx acquires Call Courier to become Pakistan’s largest e-commerce service provider


This acquisition makes PostEx the largest e-commerce service provider in the market, showing the potential of startups for challenging incumbents.

9 ways founders can bring automation to healthcare


As incumbent banks embraced startups, investors leaned into novel ways to reduce friction and improve accuracy, increasing annual mortgage origination by nearly 40% compared to the last decade. Vignesh Chandramouli. Contributor. Share on Twitter.

How to Get a CISO to Buy Your Product

Dream It

Find out how incumbent products you are likely to replace are performing. To keep an organization safe, a CISO depends on as many as 50 to 100 different products. This presents a huge opportunity for startups. However, this means that a CISO sees a LOT of pitches in their role.

Klar, believed to be Mexico’s largest digital bank, lands $70M in General Atlantic-led round


One advantage for Klar, according to Möller , is that its “cost to serve a user” is about 1/20 of what the incumbents pay. I tie it back to complacency from the incumbents. Maybe there was less complacency by the incumbents or there was more competition amongst them….But

Bond Pet Foods enters meat proteins phase with $17.5M Series A


Bond Pet Foods , known for making plant-based pet treats, is shifting its focus from treats to pet food applications as it leans into the creation of “nature-identical” chicken, beef, fish and other meat proteins using precision fermentation.

The First Rule Of Disruption


In just about all cases, to successfully disrupt a large incumbent, your best case scenario is that they completely ignore you and what you're doing. You want the incumbent to act "rationally", because an emotionally fired-up incumbent will come try to crush you simply out of spite and ego. The fact that what you have doesn't meet the needs of the existing customer-base is what makes it easier for the incumbent to ignore you. Working on a startup?