TechCrunch

APRIL 20, 2021

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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incumbents startup founder ventures 132

A VC: Musings of a VC in NYC

APRIL 22, 2020

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. It is two sides of the same coin. It costs less ($49 vs $205).

incumbents 183

incumbents founder education investing 183

Both Sides of the Table

NOVEMBER 4, 2010

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.

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incumbents disruption innovation startup 376

TechCrunch

JANUARY 25, 2021

For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index.

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incumbents accelerator financing finance 133

TechCrunch

JANUARY 17, 2023

Startups often fall into the trap of writing off incumbents as too big to act, too clueless to know what customers want and too incompetent to deliver good products. Your company could very easily be put out of business if an incumbent adds your product as a feature of theirs. The market size for this feature is too small.

venture capital 98

venture capital VC incumbents startup founder 98

Entrepreneurs' Organization

SEPTEMBER 1, 2021

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. Amid the insistent drumbeat of digital transformation, those traditional, old-fashioned competencies are easily overlooked and underappreciated.

incumbents 239

incumbents ventures startup culture 239

TechCrunch

MARCH 8, 2021

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. That bigger market picture has also meant a surge of many neobanks, and so Starling competes with more than just the incumbents. billion) post-money.

incumbents 120

incumbents startup founder investing 120

TechCrunch

AUGUST 10, 2021

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. Northwestern Mutual Ventures, Silicon Valley Bank, M25, Fiat Ventures and Invest Nebraska also participated in the financing.

incumbents 109

incumbents ventures capital startup 109

Y Combinator

DECEMBER 8, 2021

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. Monzo has also been able to move faster than incumbents because of its forward-looking approach to building banking infrastructure.

incumbents 100

incumbents peer-to-peer financing finance 100

TechCrunch

AUGUST 16, 2021

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. But lately, fintech upstarts are the ones doing the acquiring.

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incumbents startup accelerator founder 126

Tomasz Tunguz

MARCH 30, 2023

Incumbents have seized the moment with Microsoft, Adobe, & others integrating generative AI into their products quickest. As generative AI captivates Startupland, startups will do what they have always done: integrate new technology to build transformative businesses. In response, startups must develop moats to stake out their market.

incumbents 111

incumbents startup innovation capital 111

TechCrunch

APRIL 18, 2023

But it also could be the worst of times for founders thinking about launching an AI startup, especially one that can grow and be defensible against incumbents in a fast-changing environment. Who wouldn’t want to launch a startup right now with the energy and hype surrounding the industry?

startup 98

startup incumbents VC founder 98

AsiaTechDaily

MARCH 30, 2023

The company’s aim is to enable space access at greatly reduced risk, cost, and environmental impact compared to incumbent solutions. The round was also joined by SEEDS Capital and Masik Enterprises. The funding will be used to develop Equatorial Space Systems’s Dorado commercial-sounding rocket family.

VC 81

VC incumbents startup capital 81

TechCrunch

SEPTEMBER 12, 2022

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.

startup 67

startup incumbents networking entrepreneurs 67

TechCrunch

SEPTEMBER 30, 2022

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. ” VC money is definitely drying up for some, such as neo-insurers whose unit economics are under scrutiny.

peer-to-peer 80

peer-to-peer incumbents ventures startup 80

TechCrunch

OCTOBER 27, 2021

After developing a network of telehealth, diagnostics and pharmacies for consumers, digital health company Truepill is targeting healthcare incumbents like health payers, providers and employer groups. The company’s “big focus is continuing the vision of transforming healthcare,” said Sid Viswanathan, president and co-founder of Truepill.

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incumbents venture capital capital startup 89

Entrepreneur's Handbook

APRIL 11, 2022

Even when startups get big, it doesn’t mean they’re safe from their competition. Continue reading on Entrepreneur's Handbook ».

startup 52

startup incumbents founder entrepreneurs 52

TechCrunch

APRIL 20, 2023

” It’s tough for any cloud provider to compete with the incumbents in the space — i.e., Google, Amazon and Microsoft. But in Intrator’s eyes, the incumbents aren’t set up to meet the demand of thousands of new AI companies clamoring for GPUs — at least not at CoreWeave’s (ostensibly lower) prices.

investing 91

investing investment incumbents startup 91

TechCrunch

SEPTEMBER 8, 2021

Discount airlines, cell phones (not smartphones) and integrated circuits are good examples of the “faster, cheaper, simpler” variety, because they simply displaced familiar incumbents. People tend to think that category creation is less risky than incumbent disruption.

strategy 91

strategy incumbents VC entrepreneurs 91

TechCrunch

MAY 3, 2022

Will an incumbent copy us and destroy us? If you have a number of incumbents in your space, do some research and see how they have reacted to other startups. If the incumbents are routinely stealing innovations, invest more in patents and set some money aside for lawyers. If they tend to acquire them, great.

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incumbents startup founder startup founder 110

TechCrunch

JUNE 9, 2022

” 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. We want to be closer to companies’ larger digital transformation programs.”

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incumbents founder disruption investing 61

Entrepreneur's Handbook

NOVEMBER 16, 2022

Distributed ownership earned by work is the only method with a plausible chance of overtaking the world’s largest web2 incumbents, such as Amazon, Facebook, and Google. than the current centralized model of a small executive team, funded by equity sales to investors and revenues, building a service or company. the Smart Contracts?—?without

peer-to-peer 105

peer-to-peer incumbents capital innovation 105

TechCrunch

JULY 13, 2022

Excepting breakouts like Anduril and Palantir , most contracts are awarded to incumbents — more than 95% of Booz Allen’s nearly $8 billion in revenue comes from government contracting — and any startup that gets a foot in the door has to bridge the gap between the R&D phase and the contract award.

ventures 72

ventures startup venture capital incumbents 72

TechCrunch

SEPTEMBER 7, 2021

” Going up against incumbents. Third-party providers, mostly fintechs, have tried to capture some market share from these incumbents. Whereas the incumbents mostly focus on USSD (although there are provisions to use applications), Wave is solely app-based. Wave, however , wants to disrupt it.

investing 141

investing investment incumbents founder 141

TechCrunch

DECEMBER 10, 2021

Many individual grocers offered their own delivery during the global pandemic, in addition to the delivery incumbents Instacart, PC Express, Inabuggy, DoorDash and Uber Eats. It’s been impressive watching them over the past couple of months,” Novak added.

incumbents 66

incumbents capital founder startup 66

TechCrunch

APRIL 20, 2023

In other words, it wants to invest in early-stage fintech and enabling technology companies “where opportunities for early partnerships with financial incumbents exist.” It aims to help startups there partner, expand and commercialize in the U.S. Want more fintech news in your inbox? Sign up here. We’d love to hear from you.

ventures 60

ventures startup incumbents VC 60

TechCrunch

JANUARY 22, 2021

The key purpose of being end-to-end is to deliver an even better value proposition to consumers relative to incumbent alternatives. Incumbents in these industries are very large and entrenched, but they are legacy players, making them slow to adopt new technology.

incumbents 144

incumbents real estate ventures startup 144

TechCrunch

MARCH 16, 2021

On banking competitors, Ikigai’s founders argue that existing incumbents and challengers both have “significant” failings. . “It allows us to focus on what we are good at and really matters to our customers: the user experience” Challenger bank Starling adds investment service Wealthify to its in-app marketplace.

incumbents 127

incumbents founder investing investment 127

TechCrunch

JANUARY 7, 2021

It will be interesting to see how newer entrants in the SaaS banking-platform space disrupt what are, effectively, becoming incumbents in their own right: Mambu is now approaching 10 years old (it was founded in 2011). That could lead to consolidation, too. Thought Machine nabs $83M for a cloud-based platform that powers banking services.

SaaS 117

SaaS incumbents capital startup 117

TechCrunch

JUNE 22, 2022

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. There’s immense opportunity for similar gains in healthcare, but long-term success requires healthcare incumbents to truly commit to automation.

founder 71

founder incumbents startup frameworks 71

TechCrunch

MAY 15, 2023

There’s scores of competition, including incumbents like OpenAI and Anthropic. ” He has a point — insofar as incumbents are feeling the pressure, at least. According to one source, generative AI startups raised $1.7 billion in Q1 2023, with an additional $10.68

incumbents 77

incumbents startup ventures capital 77

TechCrunch

APRIL 27, 2023

Now of course, this is a well-formed market and the category has different players, and so incumbents and clouds and so on, and we’re clearly ahead. When we came out with this, with the vector database category, nobody knew what the hell we’re talking about.

investing 112

investing investment venture capital incumbents 112

Gust

OCTOBER 30, 2015

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 >. The post The Market Diversifies: International Innovation Captures Larger Share Of Startup Funding Applications appeared first on The Gust Blog.

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startup startup ecosystem innovation angel investing 142

TechCrunch

JUNE 9, 2022

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 They just happened to be reserved for a very few.

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incumbents startup capital ventures 80

American Entrepreneurship

FEBRUARY 16, 2023

Comun observed that no incumbent bank offers a full Spanish language banking experience. Costanoa Ventures led Seed Round with participation from South Park Commons and FJ Labs Innovation and entrepreneurship is about filling a gap or solving a pain point. Comun gained investor support of $4.5M

capital 75

capital entrepreneurship incumbents ventures 75

TechCrunch

APRIL 12, 2023

Embedding a learning management system directly into workers’ core everyday tools is one of LMS365’s core selling points versus incumbents in the LMS space such as Workday , Eloomi , or TalentLMS.

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incumbents ventures health entrepreneurs 102

Tomasz Tunguz

APRIL 6, 2023

Market : how to compete with incumbents? In the cloud, AWS, Azure, & GCP have created about as much market cap as all the top 100 B2B & B2C publics built on cloud (Netflix, ServiceNow, AirBnb, etc). But there are 100 applications compared to 3 infrastructure vendors. Moats : how to develop competitive advantage?

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startup incumbents SaaS capital 73