Entrepreneurs' Organization

APRIL 12, 2019

In today’s Octane blog, we bring EO members and non-members alike behind the scenes of 2019 EO Global Leadership Conference Macau (GLC), profiling Leonard Brody, one of the event’s carefully selected speakers who is known as “a leader of the new world order.” Along with new competition comes new opportunity.

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disruption incumbents leadership innovation 130

TechCrunch

JUNE 21, 2021

And if you want to build one in a sector crowded by both incumbent companies and richly funded startups, it can be super expensive. Here are the big numbers: 57% revenue growth from £166 million in 2019 to £261 million in 2020. Gross profit growth of £123 million in 2020, up 215% from 2019. — Alex.

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TechCrunch

MAY 5, 2022

million (CAN $299 million) since its 2019 inception, and values the company at over $784.8 At the same time, the incumbent banks are stuck with their mainframes, IBM contracts, and software written in COBOL,” he wrote via email.” Canadian digital bank Neo Financial has raised $145.2

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TechCrunch

SEPTEMBER 1, 2022

And even though investment activity decreased this year, it still remains well above where it was in 2019 and 2020. Infrastructure providers can help connect fintech companies with incumbent banks so that they can both reap the benefits of the interest rate environment.

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TechCrunch

DECEMBER 16, 2021

With the latest funding, ManageXR will support its expanding team and go-to-market strategy as the company has experienced rapid growth since becoming available to beta users in November 2019 and officially launching in April 2021. Los Angeles-based Talespin nabs $15 million for its extended reality-based workforce training tools.

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TechCrunch

FEBRUARY 10, 2021

So she teamed up with Dmitry Kashlev, a Russian immigrant, in January of 2019 to create a solution for other foreign-born individuals and young adults facing similar credit challenges. Kim, who immigrated to the U.S. That fall, the startup (short for Tomorrow’s Credit) was accepted into the Barclays Accelerator, powered by Techstars.

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incumbents financing finance accelerator 101

TechCrunch

DECEMBER 15, 2021

To give you an idea of just how bad it is, reports indicated that in 2019, credit card interest rates neared a staggering 300% in Brazil. “It’s a huge market that is still controlled by incumbents charging extremely high interest rates, which makes it difficult for people to pay back their loans.

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incumbents startup financing finance 80

TechCrunch

AUGUST 30, 2021

billion (up from $1 billion in its previous fundraise in 2019), sources told TechCrunch, requesting anonymity as the matter is private. Incumbents, despite all their resources have launched products which appear as another variant of an ICE product and lack the punch. billion to $3.5

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peer-to-peer incumbents accelerator financing 99

TechCrunch

OCTOBER 26, 2022

” Consolidation followed, TechCrunch’s Kyle Wiggers noted , “as incumbents in adjacent sectors saw the opportunities presented by cloud cost optimization. Meanwhile, cloud cost-optimization tools (represented by Spot, Granulate) allowed for tactical changes to lower costs.” Microsoft in 2017 acquired Cloudyn [ … ].

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TechCrunch

MAY 25, 2022

After emerging from stealth in 2019, Sima.ai Another company competing in the increasingly saturated segment is Sima.ai , which is developing a system-on-chip platform for AI applications — particularly computer vision applications. ”) But the startup stands to profit handsomely if it can capture even a sliver of the sector.

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TechCrunch

MAY 11, 2021

It’s raising a $30 million Series B, led by TransUnion — one of the largest incumbents in an industry that Spring Labs is looking to shake up. Spring Labs founder and CEO Adam Jiwan told TechCrunch that the two companies’ recent partnership evolved out of a series of discussions that began a couple of years ago.

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collaboration incumbents networking disruption 95

TechCrunch

JANUARY 14, 2021

The company was founded in April 2019 by Bijan Moallemi, Brian Campbell and Joe Garafalo, who worked together at Palantir in the company’s finance team for more than 15 years collectively. Moallemi says incumbents have a couple of key challenges that Mosaic hopes to overcome. Screenshot of Mosaic’s planning function.

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TechCrunch

JUNE 9, 2022

In total, the company has raised over $150 million in equity funding since its 2019 inception. One advantage for Klar, according to Möller , is that its “cost to serve a user” is about 1/20 of what the incumbents pay. I tie it back to complacency from the incumbents. WTI provided $20 million in venture debt, Möller said.

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incumbents opportunity finance financing 97

TechCrunch

AUGUST 24, 2021

million since its 2019 inception. For its part, Patrick Backhouse of Greenoaks Capital believes that Brazil has an “enormous” SME economy that has historically been “underserved by incumbent banks.”. It’s also notable that São Paulo-based Cora only raised its $26.7 The startup has now raised a total of $152.7

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Haystack

DECEMBER 26, 2018

Maybe it will be 2019, or 2020 — or even 2021. They’ll have to back up the truck for their best companies, take acquisitions off the table, and go right after the incumbents head-on. Speaking of acquisitions — many leaders of larger VC funds have privately given up on the incumbents buying their companies.

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opportunity incumbents VC culture 76

TechCrunch

SEPTEMBER 14, 2021

“My dad still eats instant ramen each night, and it is such a massive market: 4 billion packets are sold per year, but it is also a product that has been dominated by the same three incumbents for years.”. Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years. billion of value in the U.S.

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incumbents collaboration capital culture 98

Andreessen Horowitz

AUGUST 30, 2023

There are really three investable opportunities in the category of “known knowns”: Sell software to incumbents Compete with incumbents, with generative AI at the core Buy incumbents and remake them with AI—what a “generative AI” KKR would be doing Think about Rocket Mortgage, with thousands of mortgage brokers and 2022 net revenues of $5.8

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TechCrunch

JULY 14, 2021

The financing brings the two-year-old company’s total raised since its 2019 inception to $50 million. Consume r credit cards yielded an estimated $150 billion in revenue for traditional banks in 2019, but startups only captured a small fraction of the value. Accomplice and Greycroft co-led its $7 million Series A last June.

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incumbents financing finance innovation 95

TechCrunch

JULY 19, 2021

Though he began in 2017, Adams, who has a background in sports technology, said he spent a few years working on prototypes before launching the first products in 2019. The company estimates it helped keep more than 2,000 pounds of food from being wasted and saved 250,000 gallons of water since launching in 2019.

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incumbents sustainability ventures investing 98

TechCrunch

SEPTEMBER 6, 2022

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

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incumbents VC investment investing 99

AsiaTechDaily

JANUARY 19, 2023

Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy. He was also Exeucitive Director – Head of the Banking Service, Licensing, and Treasury Operation Department at the Bank Indonesia from 2019 to 2022.

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peer-to-peer incumbents accelerator economic growth 75

TechCrunch

JULY 13, 2021

They started Marco in 2019 and now have offices in New York, Dallas and across Latin America. Spradling through the Antler accelerator, a Singapore- and New York-based early-stage investment and advisory services program that connects entrepreneurs and tech operators to launch new businesses.

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TechCrunch

APRIL 7, 2021

New Enterprise Associates (NEA) led its $20 million Series A in May of 2019. The challenger bank was created to target millennials dissatisfied with the incumbent banking options.

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incumbents financing finance innovation 98

TechCrunch

NOVEMBER 15, 2022

Besides incumbents like Adobe, there are startups such as Reduct.Video , which uses AI, natural language processing and other tech to automatically create editable transcripts. .” Descript isn’t the only company competing in the audiovisual content editing space.

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TechCrunch

DECEMBER 10, 2021

Though they officially started the company in 2019, Busaba and Spies didn’t launch their first product, the raw dog food, until 2020. It was during that time that she became a dog walker and realized what was needed in the dog food space. Maev founder and CEO Katie Spies. Image Credits: Maev .

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incumbents innovation ventures education 89

TechCrunch

DECEMBER 7, 2021

It then went on to secure another $15 million in Series A funding and $40 million in Series B funding in 2019. The Series B in 2019 was about proving the technology and now with Series C, it can bring products to market and leverage the capital to drive scale, he added. We profiled the company back in 2015 when it raised $1.7

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incumbents enablement technology capital 99

TechCrunch

JUNE 8, 2022

Embedded finance — where financial services companies and others bring in different kinds of fintech technology by way of APIs to enhance their own offerings with more data and functionality — remains a growing opportunity, both to help fuel new business and to help incumbents get up to speed with their disruptors.

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incumbents financing finance technology 87

TechCrunch

APRIL 28, 2021

Challenger banks continue to make significant waves in the world of finance, with smaller outfits luring customers away from incumbents by providing an easier way for them to not only engage with basic banking services, but to tap into a wave of technology that brings more personalization and often better deals into the equation. billion ($1.8

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incumbents finance financing strategy 102

TechCrunch

FEBRUARY 4, 2021

.” It appears that LG is not an investor, and it’s not clear when these new devices will be rolled out: The deal between the two was announced back in 2019.

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incumbents incubation enablement capital 111

TechCrunch

FEBRUARY 23, 2023

.” Several years ago, the market for cloud optimization software and “ FinOps ,” while nascent, was consolidating as incumbents in adjacent sectors saw the opportunities presented by cloud cost optimization. Microsoft in 2017 acquired Cloudyn, which provided tools to analyze and forecast cloud spending.

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TechCrunch

NOVEMBER 16, 2022

Today, Akeyless is thriving, Angel tells me — despite fierce competition from incumbents like Hashicorp Vault, AWS Secrets Manager and Google Cloud’s Secret Manager. Akeyless has customers across the retail, fintech, insurance and gaming sectors, among others, including Wix and Outbrain.

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incumbents development capital venture capital 86

TechCrunch

AUGUST 17, 2022

Including the company’s debut round of $110 million led by Pitango when it first came out of stealth mode in 2019, DriveNets has now raised just over $580 million. “We have seen in the past couple of years some of the incumbent networking vendors starting to adopt our model,” said Susan.

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networking peer-to-peer incumbents innovation 77

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. Accel actually invested in Galileo before it sold to SoFi in October of 2019. ).

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incumbents financing finance technology 96

TechCrunch

SEPTEMBER 16, 2021

” “When you own the platform, you shouldn’t be able to identify a category that you want to enter, disadvantage the incumbents in that category, and then advantage yourself — like they did in our case,” he adds. Tile’s last round of funding was $45 million in growth equity in 2019.

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TechCrunch

APRIL 26, 2022

OnTime is the ride-hailing service introduced by GAC in 2019 as one of the newcomers competing with incumbent Didi, many of which are either operated by auto OEMs or are close to one. WeRide has been known to be an ally of GAC, which infused it with an undisclosed amount of strategic investment last December.

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TechCrunch

DECEMBER 6, 2022

And on the incumbent side, Google’s competing for dominance with its tensor processing units (TPUs) while Amazon’s betting on Inferentia. ” NeuReality was co-founded in 2019 by Tzvika Shmueli, Yossi Kasus and Tanach, who previously served as a director of engineering at Marvell and Intel.

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TechCrunch

JUNE 5, 2022

But it is illustrative of the measures that financial services companies — incumbents and fintechs alike — are taking to make their installment loans available to more consumers. In other words, it wants to help fintechs be in a stronger position to compete with incumbents, something it believes will benefit consumers.

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