Jun 12, 2021

Stephen Brittain, Director and Founder, Insurtech Gateway Several European-based insurtech startups entered unicorn territory this year, such as Bought By Many, which offers pet insurance; Zego based in London; and Alan, a French startup that raised $ 220 million. According to Brittain, European startups in this sector are “still in the very early stages of innovation”, having shown “only a fraction of what is possible” in a market “as big as the bank”. Interestingly, he predicted that AI will play a bigger role in the future as businesses deploy it for fraud detection, improving customer experience, and handling complaints faster. “We expect the next generation of AI-based businesses to unlock real-time risk analysis, pricing and claims resolution over the next several years,” he said. Thanks so much for reading Extra Crunch; Hope you have a quiet and relaxing weekend. Walter thompson Image credits: Nigel sussman (Opens in a new window) Earlier this week, The Exchange assessed Monday.com’s impending IPO before reading the tea leaves on that flotation and three others to summarize the overall state of the market. So what do the beginnings of Marqeta, Monday.com, Zeta Global and 1stDibs tell us? We may have been too conservative. Aman Narang from Toast and Kent Bennett from BVP explain why customer obsession is everything Image credits: Bessemer Venture Partners / Toast On a recent episode of Extra Crunch Live, we spoke with Toast founder Aman Narang and Kent Bennett of Bessemer Venture Partners about how they came together to make a deal, what makes the difference. for founders and investors when raising funds, and the biggest lessons they learned. have learned so far. The episode also featured the Extra Crunch Live Pitch-Off, where audience members presented their products to Bennett and Narang and received live commentary. Extra Crunch Live is open to everyone every Wednesday at 3 p.m. EDT / noon PDT, but only Extra Crunch members can stream these sessions afterwards and watch previous shows on demand in our episode library. Investment in AI startups on track for record year Image credits: Nigel sussman (Opens in a new window) Alex wilhelm and Anna heim solicited feedback from investors to get a temperature on the AI ​​startup investment market. “The market for investing in startups today is crowded, expensive and fast-paced as venture capitalists scramble to preempt each other, in the hope of deploying funds to emerging companies. vogue ahead of their competitors, ”they write. “The market for AI startups can be even more dynamic than the average tech niche.” But this is not surprising. The Bourse was on it. “Following the Microsoft-Nuance deal, The Exchange indicated that it would be reasonable to anticipate an even more active and competitive market for AI-based startups,” note Alex and Anna. “Our thesis was that after Redmond lost nearly $ 20 billion to the AI ​​company, investors would have a new incentive to invest in AI-driven or strong AI-driven start-ups. ; exits, especially large transactions, have a way of stimulating investor interest in related companies. Their expectation is coming true: Investors have reported a fierce market for AI startups. Dear Sophie: What is a diversity green card and how do I apply for it? Image credits: Bryce Durbin / TechCrunch Dear Sophie, I started a tech company about two years ago and since then have dreamed of expanding my business to the United States. I would like to have a green card. Someone mentioned that I should apply for a diversity green card. Could you please provide me more details about this and how to apply? – Technical in Tanzania Image credits: Media production (Opens in a new window) / Getty Images Pulley founder and three-time YC alumnus Yin Wu offers a tactical guide to launching a startup in four days. Yeah, just four days. “The logistics of setting up a startup should be straightforward, because in the long run, complicated equity setups and ceiling tables cost more money in legal fees and administration time,” Wu notes. Read on to find out how to start your business in less than a week. Health clouds to play a key role in healthcare innovation Image credits: Natali_Mis / Getty Images Innovaccer founder and CEO Abhinav Shashank and CTO Mike Sutten write in a guest column that the U.S. healthcare industry is in the midst of a massive transformation. This change, they write, “is driven by federal mandates, technological innovation and the need to improve clinical outcomes and communication between providers, patients and payers.” Improving healthcare now means we have to process huge amounts of healthcare data. How do we do this? The cloud, which “plays a central role in meeting the current needs of healthcare organizations”. What SOSV’s Climate Tech 100 tells founders about space investors Image credits: MrJub / Getty Images Benjamin Joffe and Meghan Hind of SOSV put together a ‘who’s who’ of the venture capital firm’s SOSV Climate Tech 100, a list of the top climate change startups that SOSV has supported since the very beginning. “What can the founders of the Climate Technology Investor List learn? In other words, who invested in the Climate Tech 100? they ask. The end of fintech: new super companies combine the best of software and finance Image credits: Donald iain smith (Opens in a new window) / Getty Images Now that we can trade from anywhere, a new hybrid class of software companies with integrated financial services is attracting consumers – and investors are following the action. Using data from a Battery Ventures report on the “Intersection of Software and Financial Services,” this article examines why these companies can be so difficult to assess and provides a framework to better understand their business models and their performance. appeal to investors. After 30 years ‘Crossing the Chasm’ needs to be refreshed Image credits: Tune weak (Opens in a new window) / Getty Images Geoffrey Moore’s “Chasm”, a framework for marketing technology products that has been one of the canonical foundational concepts for product market fit for three decades, needs an upgrade, writes Jeff Bussgang of Flybridge Capital. “I’ve been thinking about why we, the venture capitalists and founders, keep making the same mistake over and over again – a mistake that has become even more glaring in recent years,” he writes. Bussgang then examines the chasm and suggests adjustments to think about the size of the market in the modern age.