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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. ” Internet hegemons have decimated entire spaces: social networks, advertising technology, video streaming and rental, paid email, infrastructure. What’s a startup to do?

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DriveNets connects with $262M as demand booms for its cloud-based alternative to network routers

TechCrunch

billion networked devices projected to be in use by 2023 and the growth rate currently at around 10%. If these sums sound very large, it’s because outsized funding is the order of the day for large enterprise startups taking on networking infrastructure leviathans like Cisco, Juniper and Huawei. (It

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Remaking the UI for AI

Andreessen Horowitz

Here are some highlights from the episode: [5:04] “If you go all the way back to the first neural networks in 1958, that’s when we start to see reasoning start to happen through computers. And then now we’re at this next phase of massive transformers.

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B2FI: Demystifying Software Sales Into Financial Institutions

Andreessen Horowitz

This is a two-way relationship, as we regularly share ideas and innovative companies with FIs in our network, including Goldman Sachs, PNC, Morgan Stanley, American Express, and more. If you are working at an incumbent financial institution and interested in the bleeding edge of technology, we’d love to include you in our network.

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Commercializing AI in Healthcare: The Enterprise Buyer Perspective

Andreessen Horowitz

As Paul Uhrig, Chief Legal and Digital Health Officer of Bassett Healthcare Network and Executive Director of Bassett Innovation Center told us, “if we can get the ultimate user excited and to be champions about this, that I found to be very much the winning strategy.”

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

50B) due to the network effects it has created with its unique merchant loyalty program.”. And that really provided us with this advantage to quickly innovate and drive a ton of product velocity.”. At the same time, the incumbent banks are stuck with their mainframes, IBM contracts, and software written in COBOL,” he wrote via email.”

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Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

TechCrunch

” Going up against incumbents. Third-party providers, mostly fintechs, have tried to capture some market share from these incumbents. ” The Dakar-based platform is akin to PayPal (with mobile money accounts, not bank accounts) runs an agent network that uses their cash on hand to service Wave users. .”

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