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When AI Favors the Incumbents

Tomasz Tunguz

Incumbents have lept onto advances in generative machine learning more aggressively than any trend in recent technology history. But generative ML differs because incumbents are pushing the envelope. In addition to these the advantages, these incumbents have another edge : their distribution.

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Revolution co-founder talks Living Social, ZipCar, Steve Case & GroupOn Super Bowl Ads

Both Sides of the Table

We look at huge markets where there are large incumbents that might not be incented to innovate or react to what they perceive as an insurgent. The networks seem to be emphatic about monetization for the present. I run Revolution’s VC investments. Revolution is essentially Steve Case’s original money from AOL.

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New challenger Ikigai combines digital banking and wealth management

TechCrunch

Targeting future and present high-net-worth individuals, Ikigai is iOS-only for now and consists of a current account and savings account, with adjacent wealth management features, all combined in a single app and card. .

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How a Little Bit of Fear Breeds Innovation

Entrepreneurs' Organization

In 2015, one of the largest healthcare intermediaries in the country presented us these challenges. Incumbent human processes were cumbersome, laborious, costly, slow and demoralizing. Ordering is decentralized, based on personal preferences in both products and vendors, and at variable prices without strong ties to clinical outcomes.

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

Neo has also expanded beyond just offering personalized loyalty card programs and into launching co-branded card programs, “buy now, pay later” options (BNPL), point of sale installment financing and subscription-based loyalty services for both online and brick and mortar retailers. .

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The Rising Stakes in SaaS

Tomasz Tunguz

Venture capitalists have financed many of those businesses. Those venture dollars have financed a panoply of competition. Incumbent client/server technologies have lost their market dominance to new incumbents. Segmentation - focus on SMB, Mid-Market, or Enterprise, to play where competition isn’t present.

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Tiger Global and a slew of high-profile investors make a $35M bet on LatAm fintech Pomelo

TechCrunch

Just over five months after raising a $9 million seed funding round , Latin American fintech Pomelo announced today that it is raising $35 million in Series A financing led by Tiger Global Management. The startup was founded earlier this year to build a fintech-as-a-service platform for Latin America.

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