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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. Lastly, we were targeting this fairly tight knit community, right?
There’s scores of competition, including incumbents like OpenAI and Anthropic. Prakash previously founded social media search platform Topsy, which was acquired in 2013 by Apple, where he later became a senior director. ” He has a point — insofar as incumbents are feeling the pressure, at least.
Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. ” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”. billion, had cut 10% of its staff.
The drama between Plaid and Stripe continued this week with the former announcing an expansion outside its core offering of account linking for the first time since its 2013 inception. I find it kind of fascinating when fintechs buy incumbents, and I expect we’ll only continue to see more of it. Weekly News.
Metrics matter most in Series B, or as the venture community likes to say: “There’s nothing like numbers to screw up a good story,” and render a promising startup unfinanceable. Since then, the global allocation to seed funding has significantly increased. So more of these companies march into the wide mouth of the funnel. Because the U.S.
In 2015, 46 percent of workers were enrolled in a plan with an annual deductible of $1,000 or more, up from 38 percent in 2013 and 22 percent in 2009. Some members of the “urgent care” community are intelligently rebranding their services as “convenient care.” Here are a list of the new forces pushing the U.S.
The return of venture backed hardware startups has engendered a community of companies who have successfully unified talents in hardware and software design: Nest, FitBit, Electric Imp, Jawbone, Sonos, Basis, Leap Motion, Boxee and many more. The fastest path to that end for incumbents is acquisition of startups like these.
Community coordination to encourage whole-block electrification. Other considerations include market size, incumbent strength, founder fit with an enterprise-like sales cycle, and ability to create significantly better-electrified products faster than the incumbents can modify their existing lines and supply chains.
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