‘China’s MIT’ ahead of Harvard and UCLA among the world’s top schools for surrounding tech ecosystem investment.
Entrepreneur and author Seth Godin’s comment from more than a decade ago, which addresses what’s now generally referred to as “disruption,” resonates among entrepreneurs more than ever. To address this, we asked each of our launch week interviewees what technology is going to be the most bankable in the next few years?
Financial institutions are wrestling with the competitive implications of fintech. A recent PwC report says 20% of their business is at risk by 2020, so many are already partnering with more nimble, innovative startups. Funding of fintech startups last year reached $12.2 billion.
David Cohen, a co-founder and managing partner at Techstars Ventures, said in a 2007 blog post that he won’t rule out sole entrepreneurs, but holds them at a disadvantage. “Look for someone who compliments your skills,” Cohen said. “If you’re great at coding, find someone who’s great at selling or marketing.” Cohen’s investment instincts proved astute as Techstars became an early investor in Uber just two years later.
The way we borrow, save and invest money will never be the same thanks to a surge in financial technology (fintech) companies driving a digital revolution in the financial services sector.