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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. and I wanted to be able to support people like me.

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Marco Financial raises $82M in debt, equity seed round to support small Latin American exporters

TechCrunch

“Now we can work on how to solve the problem at a larger scale by building infrastructure and information through the underwriting process and through partnerships from larger players in shipping, trade services and insurance — all incumbent industries that have clients with working capital,” Shoihet said. “By

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After raising $10M, Breeze breathes fresh air into a stagnant disability insurance market

TechCrunch

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.

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UK challenger bank Starling raises $376M, now valued at $1.9B

TechCrunch

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.

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How to Decrease the Odds That Your Startup Fails

Both Sides of the Table

So when Sam Rosen came to me with the idea of disrupting storage with a product that is priced cheaper than existing incumbents and he could build a product that is a better service I was intrigued. What is the CPM of ads in this industry (should I even be ad supported?). Incumbent Strengths & Weaknesses. Market Structure.

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

TechCrunch

Participants will also be provided “strategic” support in the form of potential contracts with Booz Allen customers. It’ll be incumbent on Booz Allen Ventures to show that it’s not looking to snuff out or absorb startups for the benefit of its corporate parent.

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CoreWeave, a GPU-focused cloud compute provider, lands $221M investment

TechCrunch

The tranche, which values CoreWeave at $2 billion pre-money and brings the company’s total raised to $371 million, will be used to support CoreWeave’s U.S.-based ” It’s tough for any cloud provider to compete with the incumbents in the space — i.e., Google, Amazon and Microsoft. . billion and $26.28