TechCrunch

NOVEMBER 17, 2020

It’s now raised $103 million since its launch in 2016. “Forto has proven to be essential in a sector which is under increasing pressure amidst a global pandemic and is dominated by fragmented, non-digital incumbents,” added Michiel Kotting, partner at Northzone.

capital 104

capital incumbents transportation sustainability 104

Tomasz Tunguz

NOVEMBER 6, 2016

The exuberant acquisition environment should enable some early-stage companies to menace their incumbents and take share, as those behemoths are distracted by M&A. Many of the most of apparent and immediate opportunities in the software market have been filled by now SaaS incumbents.

SaaS 40

SaaS incumbents support investment 40

TechCrunch

SEPTEMBER 7, 2021

” Going up against incumbents. Third-party providers, mostly fintechs, have tried to capture some market share from these incumbents. Whereas the incumbents mostly focus on USSD (although there are provisions to use applications), Wave is solely app-based. . Wave, however , wants to disrupt it. Both were Series C rounds.

investment 124

investment investing incumbents networking 124

TechCrunch

JULY 25, 2021

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.”. The tech revolution hasn’t yet affected the bottled beverage industry quite as much as it has others.

incumbents 129

incumbents networking entrepreneurs opportunity 129

TechCrunch

NOVEMBER 22, 2021

The company, founded in 2016, provides 24/7 live chat and telehealth, ship-to-home prescriptions, vet-curated items in its e-commerce marketplace and educational content and programs. The San Francisco-based company previously raised $18 million in a Series B round in March.

capital 98

capital incumbents education health 98

Tomasz Tunguz

JANUARY 14, 2016

In 2016, the question that will immediately follow, “What is your annual growth rate?” Inexpensive equity dollars enable capital-intensive companies to amass the warchest necessary to dethrone incumbents. 2015 is the end of an era, the era of startup growth at any cost. ” will be “What are your unit economics?”

real estate 40

real estate startup incumbents sustainability 40

Haystack

JULY 20, 2018

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.

investment 116

investment investing venture capital peer-to-peer 116

TechCrunch

MAY 19, 2022

When Pedro Conrade started Brazilian digital bank Neon in 2016, he was a 23-year-old business school student who was frustrated with the service and costs associated with traditional banking in his country. “I I had a catastrophic relationship with incumbent banks.”. It was super expensive, and the service was terrible. ’” .

incumbents 86

incumbents financing finance education 86

TechCrunch

NOVEMBER 30, 2022

In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay , a platform that attempts to automate the software purchasing process for companies.

economic environments 86

economic environments incumbents finance financing 86

TechCrunch

APRIL 7, 2021

Founded in 2016, San Francisco-based Zero Financial has raised $147 million in debt and equity , according to Crunchbase. The challenger bank was created to target millennials dissatisfied with the incumbent banking options. Those offerings include deposits, personal loans, credit cards and auto loans.

incumbents 98

incumbents finance financing innovation 98

TechCrunch

OCTOBER 13, 2022

A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. Founded by Eytan Bensoussan and Justin Adler in 2016, the startup was born to serve small business owners such as barbers, mechanics and local restaurant owners.

capital 98

capital incumbents education financing 98

TechCrunch

OCTOBER 19, 2021

But along with that, we have also seen a related surge in funding into companies that provide the infrastructure that financial institutions — incumbents and fintechs alike — need in order to operate faster and more competitively. There is no question that fintech has exploded in recent years.

incumbents 96

incumbents finance financing technology 96

Tomasz Tunguz

JUNE 11, 2018

The increasing competition amongst incumbents. The corporate tax holiday. The growing sizes of the software market. The desire for continuing growth. The pace of innovation within software. A vibrant public market that is continuing to price companies aggressively. EV/NTM revenues. SAP/SuccessFactors. Salesforce/Demandware. Oracle/Eloqua.

incumbents 69

incumbents innovation 69

AsiaTechDaily

OCTOBER 15, 2022

Founded in 2016, Ayoconnect is Southeast Asia’s largest Open Finance API platform. Ayoconnect’s vision is to drive financial inclusion for Indonesian consumers and SMEs working in conjunction with regulators and incumbent banks to facilitate this.

incumbents 59

incumbents startup finance financing 59

TechCrunch

JANUARY 11, 2022

But Novo sees incumbents as the real “challenger” here. Rangel added that its choice to build was partly done out of necessity, since in 2016 there weren’t many banking-as-a-service platforms to provide those APIs. “We are competing against big banks.

incumbents 99

incumbents financing finance health 99

Hunter Walk

MAY 17, 2024

That is to say, I DMed her on Twitter in 2016, impressed by the work she was doing but without a preexisting relationship. Are there specific paths/opportunities in AI that you believe startups are actually better qualified to take advantage of than incumbents? KS: Isn’t this the trillion-dollar question?

founder 106

founder startup coworking culture 106

AsiaTechDaily

MAY 25, 2022

Eyewear has to date been a very traditional industry with large incumbents, but is now ripe for a tech-enabled global transformation. Based out of Sweden and launched in 2016, NA-KD expanded to more than 100 markets and reached net sales of over USD 200 million in just five years.

investment 52

investment investing incumbents consulting 52

TechCrunch

NOVEMBER 11, 2021

With the global insurtech market worth over $5 trillion, there are different opportunities to be tapped despite the presence of large incumbents. Hopley launched Root in 2016 to cater to this need. In Africa, one startup is carving a niche for itself. Jonathan Stewart joined as a co-founder leading sales and partnerships in 2018.

incumbents 86

incumbents innovation development venture capital 86

TechCrunch

OCTOBER 13, 2022

Founded in 2016, with a team of about 250 people, Ayoconnect is currently working toward more financial inclusion for Indonesian consumers and SMEs. It works with regulators and incumbent banks, and was recently awarded a Bank of Indonesia (BI) Payment Service Provider Category 1 license.

enablement 90

enablement financing finance startup 90

TechCrunch

APRIL 27, 2022

This is a major round for the startup: Taxfix has raised around $330 million since being founded in 2016. That’s a sign of how there is not just incumbent marketshare to take away, but new users popping up all the time. Index led its Series C in 2020 ; Valar led a round in 2018 ). Turbotax, Intuit’s big product in the U.S.

incumbents 91

incumbents financing finance board 91

Y Combinator

MAY 6, 2020

This was strategic for two reasons: 1) incumbents were focused on non-perishable items, so competition was limited and 2) fruits and vegetables are lower order value, high frequency goods, which means users had a reason to use Pinduoduo regularly. To maximize this effect, Pinduoduo launched in the fruits and vegetables category.

accelerator 138

accelerator networking enablement opportunity 138

TechCrunch

JANUARY 12, 2021

By 2016, without capital, I had bootstrapped the company to eight digits in revenue. It doesn’t need to be a zero-sum game where more people of color will push out the incumbents. Now, when you have a commodity like capital that is a closely held resource to a favored few, that’s called elitism and cronyism.

entrepreneurship 113

entrepreneurship capital venture capital VC 113

Tomasz Tunguz

OCTOBER 16, 2016

2016 has been a volatile year. 2016 is on pace to match the past three years of software acquisition trends which vary from $64B-$70B. However, in 2016 the total number of acquisitions will likely fall by 40% from an average of 150 per year to 92. Major capital investments fell 55% in Q3. And how does it compare historically?

incumbents 40

incumbents SaaS capital investing 40

TechCrunch

NOVEMBER 16, 2020

Founded in 2016 and backed by investors including Y Combinator, UpCodes offers two main products, a database of state building codes that is available on a freemium basis, and UpCodes AI, which scans 3D building models for potential code violations. Property data, statistics and other kinds of government data can also support new businesses.

startup 104

startup collaboration incumbents innovation 104

Entrepreneur's Handbook

JUNE 21, 2021

Another example is Stone, a Brazilian fin-tech unicorn started in 2012, which disrupted the incumbents’ sales strategy by creating a hub-and-spoke model that deployed a passionate salesforce of “Stone Warriors” throughout the country.

startup 89

startup strategy SaaS incumbents 89

Tomasz Tunguz

MAY 3, 2016

But I do believe that they are the harbingers of a very active software acquisition market we’ll see in 2016 and 2017. Large software incumbents must bolster their product portfolios so their sales teams have new products to sell. Meanwhile, many of these businesses have substantial cash on their balance sheets.

SaaS 40

SaaS incumbents construction startup 40

TechCrunch

SEPTEMBER 30, 2022

Notably, Metromile saw its valuation decline over 85% and was subsequently acquired by peer Lemonade , and it hasn’t been alone in losing a lot of value and being eyed by peers and incumbents. If you’re an investor who’d like to participate in future surveys, fill out this form.

peer-to-peer 92

peer-to-peer sustainability ventures technology 92

Tomasz Tunguz

JUNE 20, 2016

Subverting those incumbents is going to require a meaningfully better product or substantially more effective customer acquisition channel. Seed round volumes in 2016 have halved compared to 2015, but increased in median size by 40%. The overlapping logos in the Martech landscape visualize the lack of oxygen in some of these segments.

SaaS 40

SaaS incumbents venture capital ventures 40

TechCrunch

JANUARY 19, 2022

There are many ways of spinning up a startup, but it takes a particularly brave set of founders to take on a deeply entrenched industry with a small number of incumbents who have the market all sown up. “We’ve been working on this speaker technology since 2016.

startup 89

startup disruption innovation energy 89

TechCrunch

MARCH 29, 2022

The only worry is incumbents might want to eat into Duplo’s meal — but then again, the market is massive. Founded in: 2016. Quick thoughts : Innovation in Africa’s B2B e-commerce and retail space has been around the digitization of processes and BNPL services, but not much around cash overdependence and fraud.

startup 91

startup hospitality health financing 91

Tomasz Tunguz

JULY 28, 2016

Through the end of July in 2016, $70B worth of SaaS companies sold. In 2016, these PE firms aren’t following that playbook. The 2016 software buying spree hasn’t benefitted private startups or unicorns yet, and that reflects the different strategies of the buyers.

SaaS 40

SaaS peer-to-peer incumbents strategy 40

TechCrunch

JULY 25, 2022

As the founder of an infrastructure project that has been around since 2016, I want to remind you that web3 isn’t just a drop-down menu of features to be bolted on to your project. Does the ability to make users collective owners in the platform’s success give you an advantage over web2 incumbents? FOMO is real.

frameworks 91

frameworks founder incumbents disruption 91

TechCrunch

JANUARY 14, 2021

Founded in Gothenburg, Sweden in 2016, Minna enables customers to manage subscription services via their existing bank’s app. Sjöblom told me that by largely working with incumbent banks, Minna is providing them with a way to fight back against challenger banks. It has now raised $18.8 million (€15.5

technology 70

technology incumbents ventures enablement 70

TechCrunch

APRIL 26, 2022

billion by 2025, a steep climb from $190 million in 2016. Call center service provider incumbents like Dialpad offer sentiment analysis features, as well, as do companies including Cogito , Saygent and SugarCRM. A 2019 Salesforce report found that 53% of service organizations expected to use chatbots within 18 months.

incumbents 81

incumbents capital enablement strategy 81

TechCrunch

APRIL 23, 2023

They also worked a lot on helping fintechs build partnerships with incumbent financial institutions — experience they plan to use to offer portfolio companies bespoke “Strategy Sheets” alongside term sheets. According to the CB Insights’ latest State of Fintech report , this is the first time that has happened since the end of 2016.

startup 71

startup incumbents real estate ventures 71

TechCrunch

FEBRUARY 8, 2022

Thndr, launched in late 2020 by Ahmad Hammouda and Seif Amr , is filling the gap by making it easier to open and manage investment accounts, consequently replacing traditionally slow and outdated processes by incumbents. The first investment that 75% of our users have done was with less than $500.

investment 99

investment investing ventures incumbents 99

abovethecrowd.com

NOVEMBER 14, 2017

He was named the venture capitalist of the year in 2016 at the TechCrunch’s annual Crunchy awards. Bill Gurley : Well, industries get more regulated and incumbents write the regulation. Bill is a general partner at Benchmark, one of Silicon Valley’s really legendary venture capital firms. Why will that happen?

health 43

health VC hospitality disruption 43