Seventy percent of upstart tech companies fail, usually around 20 months after first raising financing. Their failure can be attributed to reasons ranging from lack of funding to fierce incumbent competition to regulatory concerns.
We rounded up the farewell letters and investigative takedowns of 253 startups. Read them here.
Gentlemen, place your bets
Andreessen Horowitz and Union Square Ventures have been betting on blockchain technology since 2013, with recent investments shifting towards cryptocurrencies and decentralized applications.
A big trend will be on display at Future of Fintech this year — incumbents getting serious about fintech. From insurance to lending to brokerage services, long-standing industry leaders are causing some disruption of their own with new products, partnerships, and strategic investments.
P.S. Don’t miss the Fintech Trends webinar on April 28. Sign up here.
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