Discover more from FINTECHTALK™ Sculpting the future of fintech, AI, & Crypto
Sizzling May on the FINTECHTALK Show and More's law for Startup factories from the Fintech Elder
Action-packed May to keep you on your toes and why you should join a 3rd generation startup factory
In this edition, we look at the action-packed May on the FINTECHTALK show and the FINTECH Elder makes some startling predictions about Silicon valley’s startup factory model itself.
The Show about shows - digital disruption of events and media and what’s next - May 5th at 12 pm PDT
The future of crypto-economy, stablecoins and NFT - May 12th at 12 pm PDT
The Future of wealth-management in the era of digital assets and crypto - May 26th at 12 pm PDT
More’s law (not a typo) in Silicon Valley and the Startup Factory model from the Fintech elder.
The FINTECHTALK™ Show in May
Join us on Clubhouse for The FINTECHTALK™ Show with Paddy Ramanathan and an all-star lineup of speakers in May - Wednesdays at 12 pm pacific.
May 5, 12 pm PDT - The Show About Shows
The Digital Transformation of Events and Media with Anil Aggarwal (Fintech Meetup), Bo Brustkern (LendIt), Simran Aggarwal (Fintech Meetup/Serial woman entrepreneur), Sanjib Kalita (Money 20/20), Greg Palmer (Finovate)
May 12, 12 pm PDT - The Future of Crypto Economy
What's next? Stablecoins, NFTs and more with Surojith Chatterjee (Coinbase), David Putts (Billon Group), Mehul Patel (EDDASwap) among others!
May 26, 12 pm PDT - The Future of Wealth Management in the era of Digital Assets
Listen to Nancy Tengler (Best selling author, Financial Columnist @ USA Today, Frequent Guest on CNBC, Fox Business and Bloomberg TV), Alessandro (Ale) Vigilante (Fidelity Investments) and the others talk about the future of wealth management.
More’s Law and Startup Factories
No. That’s Not a Typo.
Some of you may remember Moore’s law, which states that the number of transistors on a chip doubles every 24 months.
Looking at the way startups have evolved over the past quarter-century, we might be forgiven for asserting that the very definition and nature of incubators have drastically changed and a new principle – which we boldly call More’s Law – is now in evidence.
Definitions have changed.
Frameworks have changed.
Infrastructure has changed.
Our way of thinking about society has changed.
And all that’s good news for whoever is contemplating starting up and developing a dream product or service. Frankly, there’s never been a better time for a startup.
A Little History
Eons ago, the world incubator wasn’t exactly in vogue. The likes of Facebook, Google and Microsoft germinated in the shade of the academic world. It was all about applying nascent concepts, using university resources and faculty advisors to try something tentative. While we know of obvious successes, many others sank into oblivion, lacking financial support and a well-thought-out business model.
That was Startup Factory 1.0
Along came Startup Factory 2.0. And it was - and is - a resounding success.
Accelerators and Incubators became the rage offering infrastructure, management advice, technology guidance and more. Investors, having learned from the DotCom disasters, made relatively better-informed decisions. IPOs were the rage. A frenzy of acquisitions and shifting business models made several incredibly rich and inspired others to take a chance.
But now that foundations were laid relatively well in 2.0, a series of important questions came up that were ignored by impatient startups and their investors.
Was this new deal sensitive to inclusion? Was it just a party for the privileged? What efforts were made to bring in the 98% who seem to miss out on anything new?
Many of the social thinking that corporates had gradually adopted over the years were glaringly missing in the Startup 2.0 ethos. Food for thought!
Startups didn’t have the ability to try out their ideas early – they had one shot at success.
The cycle of Growth, Early Validation, Sandboxing, and Early market validation were effectively outside the unwritten mandate of Startups 2.0
Food for Thought
Startup 3.0 Innovation Hubs are the next quantum leap (as theorized by our More’s Law!) which bring in powerful new thinking in the way startups need to be identified, designed, and encouraged. For simplicity, let’s look at the key features of 3.0 (that build on 2.0):
Investors get introduced to startups at a very early stage, thus providing a powerful boost to all parties
Platform providers provide early validation, allowing for changes at the embryonic stage
Corporates provide a sandbox to test the alpha product.
From there to early market validation of the product and possible acquisition of the startups is just a hop away.
All this, while keeping in mind various critical sensibilities that ensure startups subscribe and adhere to important issues like inclusion.
This tight coupling between various actors in the network makes Startup 3.0 an enticing concept, demonstrating a convergence of high-quality investment capital, better human capital and enthusiastic corporate involvement.
This enticing model works for both early-stage and growth-stage startups. How?
It enables early-stage de-risk points, access to early validation, and cheap capital at a sensitive time.
For growth stage - channel partnerships and international expansion and access to cheaper capital.
Startup 3.0 has a strong example in iValley which has been consistently and patiently working with startups, corporates, and investors in building a tight, repeatable, and almost bulletproof ecosystem. Ron Shevlin wrote a recent article in Forbes rating iValley’s eFintechtalk newsletter one of the top 5 Fintech newsletters anyone ought to read. In it, he praises Paddy’s strong focus on decentralization, which in itself is a strong input for a vibrant innovation economy.
You’ll hear more about iValley’s work during the FINTECHTALK shows they’re hosting on Clubhouse in May where they talk about the future they are building with their members. Take a look at the trailer here, and get a ringside view of the inclusive and sustainable future iValley’s building:
Like I said, there’s never been a better time to get that startup going.
- The Fintech Elder
Connect with us!
iValley Innovation Center
11040 Bollinger Canyon Rd, E-909
San Ramon, CA 94582,
Phone: +1 925-575-7832