article thumbnail

The Opening

A VC: Musings of a VC in NYC

We’ve known that once the wave breaks on the shore, there will be enormous opportunities unleashed. What we have been looking for is the consumer opportunity to emerge. I’ve always thought the opening would be at the intersection of gaming, online communities, and social networks. Like the web. Like mobile.

article thumbnail

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opportunity Amid Volatility

Haystack

Now that everyone knows the stakes of a Facebook-like outcome, there’s more money looking to fund and fuel web-scale network-effect businesses. They’ll have to back up the truck for their best companies, take acquisitions off the table, and go right after the incumbents head-on. Money has been coming into the U.S.

article thumbnail

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

TechCrunch

“We saw an opportunity to make a bigger impact by trying to build a better, much more affordable mobile money service than the telcos are building throughout much of sub-Saharan Africa,” Durbin told TechCrunch in an interview. ” Going up against incumbents. . ” Going up against incumbents.

investing 124
article thumbnail

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.

article thumbnail

Amira Yahyaoui wants Mos to be a ‘radical’ fintech startup

TechCrunch

We don’t want to be elitist, we don’t want to do this for a very small category of people because we really want to become the incumbent bank in the U.S.,” Mos’ initial debit card has a few key features, including zero overdraft fees, late fees, or in-network ATM fees. Yahyaoui said, starting with students. Image Credits: Mos.

article thumbnail

Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

T he startup uses blockchain with the aim of creating a richer network effect of data that allows credit bureaus and others to predict the creditworthiness of people who are not in the traditional credit bureau system. They see a lot of opportunities to leverage our technology,” he said.