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BarbAIrians at the Gate: The Financial Opportunity of AI

Andreessen Horowitz

TABLE OF CONTENTS Bits v atoms It’s important to recognize that while the impact that generative AI can have on “bits” is substantial—since generative AI can “manipulate” those bits very easily—we’re probably too early to see a massive opportunity in “atoms” businesses. As technology continues to improve, the answer is an unequivocal “yes.”

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

TechCrunch

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. “T hey are seeing the impact of the alternatives,” he said, with the migration away from the incumbents happening gradually. That’s a common thing.”

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My First 16: Competing in a Crowd of Incumbents with Mercury’s Immad Akhund

Andreessen Horowitz

In this episode, a16z partner Seema Amble talks with co-founder and CEO of Mercury Immad Akhund about the idea of a minimum delightful product in fintech, doing the spreadsheet math on unit economics early on, and how to compete in a category already filled with incumbents. So it was kind of in the back of my mind for a long time.

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6 VCs explain why embedded insurance isn’t the only hot opportunity in insurtech

TechCrunch

If you think embedded insurance is the only hot thing in insurtech these days, we’ve got a surprise in store for you: While it’s true that startups that help sell insurance together with other products and services are enjoying tailwinds, there are plenty of other opportunities in the space, several investors told TechCrunch+.

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Opportunity Amid Volatility

Haystack

Much of this can trickle down into the startup ecosystem. On top of this, the cost of bringing projects online has fallen, it’s become more fashionable to play the startup game, and so forth. Speaking of acquisitions — many leaders of larger VC funds have privately given up on the incumbents buying their companies.

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

TechCrunch

The move signals Booz Allen’s desire to shape startups in areas it considers aligned with its core business, mainly AI and machine learning, defense, and cybersecurity. “Our Tech Scouting program gives us unique insight about where opportunities for hyper-growth exist. In the U.S.,

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

Revolution

Post-Pandemic Geography: Predictions for Living, Working, & Traveling Post-Covid in America’s Startup Cities Revolution’s Rise of the Rest Announces that Airbnb Co-founder and CEO, Brian Chesky, will join Steve Case for the Tech Talent Tour Mainstage Discussion (Thursday, June 24th, 2021 at 12:00 PM ET). Please join us.

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