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The Duolingo English Test

A VC: Musings of a VC in NYC

The “incumbent provider” of English proficiency tests, Test Of English As A Foreign Language (aka TOEFL), has had all of the companies and universities who accept it locked up for many years. But in some markets, incumbency matters more than better. It is two sides of the same coin. It costs less ($49 vs $205).

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

4-year founder vesting is dead. In 2020, all the long-term trends forcing change in this sector continued and even accelerated. Public fintech stocks rose 97% in 2020. 2020 performance of individual fintech companies vs. SPX Image Credits: CapiQ, Yahoo Finance. More posts by this contributor. Dana Stalder. Contributor.

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5 Predictions for 2020

Tomasz Tunguz

Here are my 5 predictions for 2020. The direct listing becomes the standard way for startups to go public in 2020. And incumbents desire as much of that as possible for themselves. In it, 65% of founders believe the fundraising market in 2020 will present more challenges than 2019. Distributed becomes the norm.

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Digital road freight forwarder Sennder raises $160M Series, plans European expansion

TechCrunch

In June 2020 it merged with French competitor Everoad, and acquired Uber Freight’s European business last September. Sennder competes with large incumbents like Wincanton and CH Robinson, as well as other startups such as OnTrac and Instafreight. So far it has concentrated on the lucrative European market.

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Debt versus equity: When do non-traditional funding strategies make sense?

TechCrunch

David Friend is a serial entrepreneur, six-time founder, and the current co-founder and CEO of cloud storage company, Wasabi Technologies. Even if you’re growing quickly, not all founders want to set a valuation for their company. People tend to think that category creation is less risky than incumbent disruption.

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Monzo Makes Money Work For Everyone

Y Combinator

In April 2020, British banking startup Monzo’s revenue fell by almost 50%. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. When they joined, Monzo was generating $69M in revenues (in April 2020). expectations. Their profit models.

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Why fintechs are buying up legacy financial services companies

TechCrunch

It used to be that if you were a fintech startup or, for lack of a better term, a digitally native financial services business, you might be eyeing an acquisition from an incumbent in the industry. But lately, fintech upstarts are the ones doing the acquiring. But lately, fintech upstarts are the ones doing the acquiring.