Clients can see, comment, and collaborate on all the companies in this wealth tech market landscape in the wealth tech startups Collection on CB Insights. Just clone it and you’ll be on your way.
The unicorn stampede continues
I’m excited to announce that TransferWise CEO and co-founder Taavet Hinrikus will be joining us at The Future of Fintech conference.
TransferWise, a fintech unicorn headquartered in London, backed by Andreessen Horowitz, and valued at $1.1B, allows peer-to-peer money transfers abroad for both consumers and businesses.
They recently launched TransferWise for Business to help businesses with international payments and have also recently partnered with Facebook to launch a new chatbot that allows users to set up international payments through FB messenger.
We’re excited to dig into TransferWise’s product strategy, international expansion plans, and more at Lincoln Center.
Subsequently, we talked about investors being seduced by the vision of Uber and its ability to continually highlight its entry into larger and larger addressable markets to get investors lathered up. This, we dubbed the ponzi scheme of ambition.
This weekend, word came they discontinued their self-driving vehicle program which means one big part of the future addressable market Uber was going after is now gone (or delayed).
Add to that all the negative news coming from exec departures and a culture which appears to be rotten to the core and you wonder if Uber is mortally wounded or if this is just another PR isht-storm they’ll bounce back from.
So we wondered —
If you could buy into Uber now at a $50B valuation (its last financing was at $68B so this is a discount), would you?
Note: don’t write me saying you’d need more information to decide. This is a hypothetical question so don’t overthink it. Just pick a yes or no.
