article thumbnail

What To Do When Your Competitor Gets Funded?

Both Sides of the Table

We will have two well-funded companies educating the market on why this market opportunity for the $24 billion US storage market is ripe for disruption. And our competitors are not really each other but the incumbent businesses that have 99.9% ” In summary: The competitors are the incumbents.

article thumbnail

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).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Future of Corporate Venture Capital

500

Conventional wisdom dictated that incumbents should focus their innovation efforts on R&D and growing their cash cows while investing in a few startups. In the decade since the Great Recession, we have seen digital upstarts – taking advantage of disruptive technologies from AI to IoT – reshape the economy and the corporate pecking order.

article thumbnail

Why I Backed a 24-Year-Old Trying to Assess Human Potential

Both Sides of the Table

Incumbents launch products, VCs throw cash at other competitors, team members quit, the economy dips — whatever. We educate and train and test for a set of skills designed to succeed in 1950. But only truly talented entrepreneurs show the grit required to respond rapidly to a changing environment.

article thumbnail

How I Invest

Both Sides of the Table

I love businesses that aim to massively reduce the costs of products or services in a way that makes a product or service vastly more accessibility and in which incumbents would have a hard time competing. I work with two companies that aim to change education but both are indirectly aiming to do so.

investing 254
article thumbnail

Why We’re Looking to Fund Stuff With More Meaning

Both Sides of the Table

Online education. They point out perceived market risks, they might question the management team’s experience, they might worry about regulatory risk or incumbent competitive powers. I know – I was there when the first people debating funding it at less than a $5m valuation. Almost nobody believed and now look at it.

funders 362
article thumbnail

Zen Educate, a marketplace that matches schools with teachers, raises $21M to fuel U.S. expansion

TechCrunch

Zen Educate , an online marketplace that algorithmically matches schools with the best available teachers, has raised £19.3 Founded out of London in 2017, Zen Educate is setting out to supplant the traditional approach to recruiting teachers, a system that typically involves third-party agencies and hefty fees. Show me the money.