By John Bertrand from SAP for Finextra
Buy the ticket, take the ride.” Hunter S. Thompson’s quote can easily be applied to Open Banking, which becomes mandatory in the UK starting 2018. Banking innovation lead by the regulator! (more…)
By Tomasz Tunguz from Redpoint Ventures for his Blog
When I was taught Michael Porter’s value chain analysis, I learned to analyze at the industry level. A beer supplier sells to wholesaler sells to distributor sales to retailers sells to customer. But as I went back last night and reread Porter’s Competitive Strategy, I was surprised to learn that Porter’s intended value chain analysis to be used also at the business unit and at the company level. (more…)
With US$2B+ in assets and investment portfolio that includes eBay, Amazon, and Snapchat, Intuit founder Scott Cook explains their secret (more…)
By Tomasz Tunguz from Redpoint Ventures
Five months into 2017 nine venture-backed technology companies have gone public compared to 14 in 2016. Four consumer companies and five enterprise companies have popped on average 29% since their IPO pricing. Only two, Carvana, an online used car dealer, and Netshoes, a Brazilian ecommerce company have traded down from their IPO pricing. The other seven have demonstrated the broad public investor demand for new offerings. (more…)
In my last post on Uber, I noted that it was burning through cash and that this cash burn, by itself, is neither unexpected nor a bad sign. Since I got quite a few comments on what I said, I decided to make this post just about the causes and consequences of cash burn. In the process, I hope to dispel two myths held on opposite ends of the investing spectrum, the notion on the part of value investors, that a high cash burn signals a death spiral for a business and the equally strongly held belief, at the start-up investing end , that a cash burn is a sign of growth and vitality. (more…)
The world is braced for the discovery of a fifth fundamental force of nature — the four known ones being electromagnetism, gravity, and strong and weak nuclear forces — that subverts the so-called standard model of particle physics. Given the lackluster outlook for global growth, maybe economics needs a similar revolution.
By Ella Thuiner for Huffington Post
The United States may be home to Amazon, Apple, and Google, but with widespread online distribution and novel ideas like peer-to-peer insurance, Europe is firmly in the lead when it comes to insurance innovation. Companies like Germany’s Friendsurance and the U.K.’s Guevara are bringing a social networking model to the insurance industry, allowing customers to create groups of friends with whom they share risks. A portion of the group’s premium is set aside to pay claims, and if the group has a lower-than-average number of accidents, everyone gets some money back.
Technological innovations have played an important role in disrupting sometimes complacent industries and markets. Transportation innovators like Uber and Lyft have used new technologies to revolutionize the way individuals travel from location to location, while others like Plated and Blue Apron have begun to change individuals’ food consumption habits.
By Janet Novack for Forbes
How much can you spend each year in retirement if you don’t want to outlive your money? Should you delay claiming Social Security benefits if doing so requires you to take money from your 401(k) or IRA before required payouts begin? What’s the most tax efficient way to draw down various pots of money? Should you annuitize some of your wealth? Tap home equity with a reverse mortgage? If Brexit or some other event slams your portfolio, how much should you cut back on discretionary spending? Will you need additional help managing your finances as you age? (more…)
By Cade Metz for Wired
I JUST ASKED a bot to tell me how much I spent on coffee this past month. And a few moments later, it replied. “Let’s see,” it said. “You spent $199.83.” (more…)
By Bijan Khosravi for Forbes
What makes the billion dollar startups so unique? The answer is distribution. They either create a whole new market, like Uber and Airbnb did with the sharing economy, or they massively disrupt existing markets, such as healthcare and finance. Here are five companies that made it into the “billion dollar club” and my analysis of what set them apart. (more…)
Financial Technology Partners is a San Francisco-based investment-banking firm focused, appropriately enough, on the financial-technology industry. I managed to get my hands on its new report of how fintech is altering the landscape for money management. The report looks at industry trends, interviews numerous fintech executives and sizes up all of the usual big picture Silicon Valley stuff.
By Tomasz Tunguz for Inc Magazine
To thrive, venture capital firms must perform three things well: raise capital from limited partners, source companies to invest in, and pick the best opportunities. Historically, each of these three activities has been highly centralized in a small partnership often perched on Sand Hill Road. But new networks are changing this. The latest called DAO attempts to decentralize all three at once. (more…)
By Frank Sorrentino for Forbes
As long as there has been business, there has been disruption. A recent Harvard Business Review article discussed the concept of “spontaneous deregulation,” when a shiny new technology or innovative business model emerges onto the scene, disrupts its industry and – temporarily – renders existing rules and regulations obsolete. (more…)
Serguei Netessine is Timken Chaired Professor of Global Technology and Innovation at INSEAD (Singapore campus), and Research Director of INSEAD-Wharton Alliance. He is angel investor, startup advisor, industry consultant and speaker on entrepreneurship and innovation. His recent book “The Risk-Driven Business Model: Four Questions that will Define your Company” was published by Harvard Business Press in 2014. (more…)
Vladislav Solodkiy, Managing partner of Life.SREDA for VentureBeat.com
Over the past year, the fintech industry has transformed from a hypothetical hotspot to an actual one.
By Igor Pesin, Partner at Life.SREDA
Eighteen months ago, Mark Zuckerberg announced an unofficial messengers’ race for better and faster monetization of a customer base by integrating remittances and payments. How have the players succeeded so far?
Vladislav Solodkiy, Managing Partner, Life.SREDA VC:
These days many countries are talking about the importance of innovations in the financial sector. Many of those are claiming that they will soon become the first to go completely cashless. They may be saying so, but what if they don’t really know how to do it? (more…)
Vladislav Solodkiy, Managing Partner, Life.SREDA VC
“Innovator’s Dilemma”: are the banks capable of making innovations by themselves? (more…)
Vladislav Solodkiy, Managing Partner, Life.SREDA VC:
If you take a look at the news about fintech startups, you might get a feeling that all the new financial services are built for retail clients, but not for businesses. However, these are namely the entrepreneurs that may become drivers of fintech, especially in Asia. (more…)