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Using the proliferation of newly GPS-enabled mobile devices to enable taxi hailing and beat out stagnant incumbent providers was always going to be a big win for consumers. It provided a better service than existing cabs were going to be able to do for at least several years—cutting out lots of unnecessary overhead in the system.
Without industry-wide master unique identifiers for medical-surgical (med-surg) items, hospitals cannot easily compare products by their attributes to identify cost-savings opportunities, or map product selection to the best patient outcomes. In 2015, one of the largest healthcare intermediaries in the country presented us these challenges.
Incumbent giants therefore could lose a sizable chunk of market share if a company could just manage to weave together China’s manufacturing proficiency and agility with the modern tech startup philosophy of “moving fast and breaking stuff.”. Indeed, 2015 was the year when CACs began to exceed or at least rival ARPUs for Alibaba and JD.com.
When Monzo launched in 2015, the big six banks in the UK had more than 85% market share. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. Outperforming incumbents with modern experience and digital infrastructure. expectations. Their profit models.
Where are founders finding unique opportunities to innovate? Each year, starting in mid-2012 through mid-2015, these sectors have grown their investment dollars by more than 145%, according to Mattermark data. But which lesser known startup sectors are starting to raise venture dollars?
EdgeQ , Kneron , and Hailo are among the dozens of upstarts vying for customers, the last of which nabbed $136 million in October as it doubles down on new opportunities. has created a software-centric, purpose-built … platform that exclusively targets this large market opportunity. “I founded Sima.ai “Sima.ai
It has raised nearly $1 billion since its 2015 inception and was valued at $2.5 For me, there was a huge opportunity in a space that the incumbents were not able to capture because a lot of it is the economics of their model and misaligned incentives.The world continues to unfortunately be made up of haves and have nots….There
Embedding a learning management system directly into workers’ core everyday tools is one of LMS365’s core selling points versus incumbents in the LMS space such as Workday , Eloomi , or TalentLMS. Holst joined LMS365 last year from secure messaging company Wire , where he previously served as chief revenue officer.
Kontent launched in 2015 as an internal startup of 18-year-old bootstrapped software developer Kentico. Kentico was the brainchild of Petr Palas, who saw an opportunity to build a content management system (CMS) for developers using Microsoft’s.NET framework. region- or product-specific) content.
And it’s because the incumbents have no reason to fundamentally change.”. billion in 2015. “We Once the pair formed Tomo, Flint says NFX “ had not seen a team that was so experienced and thoughtful about the entire real estate experience that was going after the mortgage and home buying opportunity.”.
We profiled Rebag back in 2015, when its name included two “g’s,” (gotta love URL availability) and had raised $4 million in seed funding to go after incumbents like The RealReal. The market for venture capital is active and favorable, and we seized on that opportunity to accelerate funding,” he added.
Founded initially back in 2015, Santa Barbara, California-based Bitwarden operates in a space that includes well-known incumbents such as 1Password, which recently hit a $6.8 “Most importantly, we aim to continue to serve all Bitwarden users for the long haul.”
So after selling Easy Credit, a consumer lending platform he’d built with Rick Rafael Bueno (whom he met in 2015 at a hackathon at Tech de Monterrey), Amozurrutia set out to give Mexicans access to something he believed they’d never had access to: an app-based consumer trading platform.
faster than those incumbents, and continue to expand it to more services in its home market, as well as take them abroad. That spells opportunity for companies that are enabling that adoption. The company has raised £175 million ($230 million at today’s conversion rates), from a single investor, the PE firm Apax Partners.
The success of Pinduoduo in China suggests there is a huge opportunity for social commerce platforms to emerge in other regions. When Pinduoduo launched in 2015, there was little room for a new commerce platform in China. If there is a gap in the US e-commerce market, it is not just an opportunity to grow domestic online retail.
More recently, this trend has shifted a bit within the Bay Area, which today’s giants like Uber, Airbnb, and Stripe being built in San Francisco proper while incumbents down south have begun scooping up premium commercial real estate in the city. Over the past two years, however, I’ve felt that something is out of balance.
A lot has changed in the markets since then, so this feels like a good outcome for the startup, which was founded by Paul Sawaya and Roger Lee in 2015. ” 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?”.
With the global insurtech market worth over $5 trillion, there are different opportunities to be tapped despite the presence of large incumbents. In Africa, one startup is carving a niche for itself. By way of using APIs, Root is helping businesses and developers launch insurance products faster than the traditional way.
In 2015, the emergence of fintechs such as Flutterwave and Paystack changed the game for online businesses in Africa by making it easier to integrate payments into customer interfaces without building those features from the ground up or merging with tacky foreign software. Treasury Prime raises $20M to scale its banking-as-a-service biz.
Due diligence on a startup can be divided into the following two components: Industry due diligence , which refers to the big picture and involves understanding the industry, who are the incumbent players in the market, who are the competitors, what competitive advantage the startup has, what their chances of success might be, and similar research.
When Monzo launched in 2015, the big six banks in the UK had more than 85% market share. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer expectations. In comparison, most incumbents were pushing updates on a quarterly or annual basis.
Macy’s, its better-faring competitor, is moving away from physical storefronts, cutting its square footage by 13% between 2015 and 2018. While incumbent competitor Mattress Firm began a process of consolidation and subsequently filed for bankruptcy in 2018, Casper announced it would be opening 200 retail locations across the US.
One obvious solution to this list of issues and opportunities is to leverage technology to better serve the needs of the customer. 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. Do they conduct surveys? Do they measure waiting time?
Given the market rate for office space and annual salaries, hypothetical 20 person Series A startup will spend about $200k per year per employee in 2015. Typically businesses allocate about 150 square feet of office space per employee. These heightened costs of doing business may explain some of the increase in startup round sizes.
“ Their market opportunity is also huge; Egypt’s transformation to a cashless society is being enabled by the unique products Paymob has built.” Paymob was founded in 2015 by Alain El Hajj, Islam Shawky, and Mostafa El Menessy. For Paymob, it claims to have grown its monthly revenue over 5x last year.
In November of 2015, I posted a tweet that declared Benchmark was interested in discovering Internet healthcare investments. It only seemed logical to us that the same opportunity should exist in healthcare. Over the next two years, I looked at many healthcare IT investment opportunities – I went “all in.”
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