TechCrunch

NOVEMBER 2, 2022

Startups operating in the financial side of the real estate tech market suddenly faced a surge in demand, and many departed on hiring sprees to keep up. Predictably, home buyers made hay, taking full advantage of the favorable financial environment to pick up new homes and refinancing mortgages on their existing homes.

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Both Sides of the Table

MAY 4, 2015

These are hard things to initially comprehend until you see them in full force as local retailers get wiped out due to their albatross of high real estate costs leading to either higher prices to consumers or lower margins on their p&l statements. Today’s asset – real estate – is tomorrow’s albatross.

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real estate startup disruption incumbents 364

Haystack

JULY 20, 2018

When I began investing a little over five years ago, it felt like the conventional wisdom was that one had to invest in the Bay Area to harvest venture-like returns. So, about two years ago, as a Bay Area resident, living right off Sand Hill Road, started intentionally investing outside the Bay Area.

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TechCrunch

APRIL 9, 2023

But these disclosures carry significant financial costs for small, private companies — and they carry the extra risk of exposing sensitive financial information to competitors and large corporate incumbents. Consequently, they are seen as riskier than investing in real estate or the public markets.

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TechCrunch

MAY 8, 2022

It also resurfaced talk of when Stripe reportedly pressured investor Sequoia to back off from an investment that smelled like competition. In other words, incumbents in some cases need fintechs even as they compete with them. Dallas-based Backflip raises $8 million seed for local real estate investment financing.

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TechCrunch

NOVEMBER 13, 2022

Real estate fintech Redfin announced on November 9 that it was laying off 13% of its staff , or 862 people, in response to the continued slowing of the housing market. Interestingly, Kelman appears to be putting his own personal bets into real estate markets outside the U.S. But I digress.

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real estate incumbents mix-use financing 97

Both Sides of the Table

FEBRUARY 24, 2016

Incumbents became increasingly annoyed with our successes in the country’s largest market – NYC – that they started even taking out ads against us. It’s no wonder incumbents don’t want us to exist. Fragmented markets can be a great target for disruption. Public Storage does about $2.4 Little old us.

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strategy peer-to-peer incumbents real estate 282

TechCrunch

SEPTEMBER 18, 2022

This is particularly interesting because many of the existing corporate card players often point to Concur as an incumbent that they are trying to replace. In other Goldman Sachs news, Bloomberg reported that the investment banking and financial services giant is “ embarking on its biggest round of jobs cuts since the start of the pandemic.”

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real estate incumbents opportunity founder 82

TechCrunch

AUGUST 7, 2022

Retail investment behemoth Robinhood laid off 23% of its staff — just 3 months after letting go of 9% of its workforce. For years, the real estate technology company has touted itself as using its pricing technology to provide “more accurate offers and lower costs,” said the FTC. Another day, another Q2 funding report.

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real estate VC mix-use opportunity 106

TechCrunch

MARCH 27, 2022

Startups like these are keeping the incumbents (relatively speaking) on their toes. In other notable news, Robinhood this week announced it was launching a new debit card that allows for spare-change investing. Robinhood expands into consumer finance while Apple steps up its fintech game. Well, that’s it for this week!

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TechCrunch

JANUARY 26, 2022

While it invested mostly on its product in 2021, it plans to put some of its new capital toward its go to market strategy while continuing to be “heads down focused on product.” That includes expanding its product and engineering teams and investing in AI and machine learning capabilities. .

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TechCrunch

JUNE 23, 2021

“We were immediately intrigued because Ohio-based Lower echoes both of these themes,” said Accel partner John Locke, who led the firm’s investment in Lower and is taking a seat on the company’s board as part of the investment. Like Galileo, Lower will be one of the most successful bootstrapped fintech companies globally.

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financing finance incumbents board 94

Tomasz Tunguz

JANUARY 14, 2016

Inexpensive equity dollars enable capital-intensive companies to amass the warchest necessary to dethrone incumbents. Just eight years from founding to dominance with an entirely new model: the largest taxi company in the world owns no taxis and the largest hotelier in the world owns no real estate. Crunchbase tallies $10.1B

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Entrepreneur's Handbook

APRIL 25, 2022

Institutional Adoption Over the years, I maintained an active interest in crypto, continuing to invest in coins (some great, some garbage), and kept reading and learning more. Companies like Microstrategy were investing large portions of their treasuries in Bitcoin. In early 2021, Tesla also announced their own investment into Bitcoin.

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real estate incumbents investing investment 82

Tomasz Tunguz

DECEMBER 2, 2012

This is particularly true when incumbents are already competing with each other with commodity goods and use price as a differentiator. The business model barrier: By radically altering the cost of sales or cost to serve a customer, startups can decimate incumbents. ThredUp is challenging brick-and-mortar consignment in the same way.

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TechCrunch

MAY 22, 2022

One day, we’re reading about investment giants like Tiger Global seeing about $17 billion in losses. One day, I’m having a fintech-focused VC tell me they haven’t invested in any startups since last October. Once the deal closes, Flink says it will create new financial products “for millions of Mexicans to invest.”. “At

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TechCrunch

APRIL 23, 2023

It plans to invest $1.5 During their time at Amex, they worked on investments in companies such as Plaid, Stripe, Melio and Trulioo. Vesey defines fintech in its broadest sense — meaning that it invests outside of traditional categories of financial services such as consumer and B2B.

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startup incumbents real estate ventures 71

abovethecrowd.com

NOVEMBER 14, 2017

In November of 2015, I posted a tweet that declared Benchmark was interested in discovering Internet healthcare investments. So if Internet and mobile technologies can be used to change real estate or transportation, why not healthcare? We also discovered what we believe is a large and investible trend/theme.

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health VC hospitality disruption 43

TechCrunch

JULY 26, 2021

The funding brings the total investment to date for Portland, Oregon-based Sila to $20 million. As part of the investment, Clara Sieg, partner at Revolution Ventures, is joining the company’s board. Sila can now get customers up-and-running in six to eight weeks. Revolution tends to look at fintech startups from a consumer angle.

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OnStartups

JULY 7, 2021

We're going to talk about why you invest in what you invest. And we're going to talk about, do you ever invest in non startup stuff? I don't know if you recall this Sam, that there was something that was said about VCs or investment or something. You can invest in things. We're also going to talk about your ideas.

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