incumbents

“I think, you know, we've seen less innovation than we would probably like in the search space. I think we're seeing less innovation than we might like in the social space. And that's one of the effects of having A incumbent that has very, enjoys very strong ne…”

“I do think that there are big data incumbencies, and I do think that they require, if you will, they're a challenge to overcome I do think that the barriers to overcome them are not so high. As previously mentioned, the incumbents oftentimes get in their own w…”

“A handful of incumbents, a handful of big corporates really dictate who wins and who loses in real estate tech.”

“They're not afraid to directly compete with companies, copy companies, do whatever it takes because they have grown up in this next wave of innovation, and they are the savviest Strongest, most nimble, fast-moving group of incumbents that I think the world has…”

“I think the way we'll see new consumer experiences launched is actually going to be much more organic. You know, it's the trends, the sharing of new application experiences among communities that we as investors have to really watch for because we can't compet…”

“The battle between every startup and incumbent comes down to whether the startup can get the distribution before the incumbent can build the innovation.”

“That has very much been forgotten in any of the incumbents, and it's critical in the success of this category that we understand the demands and the needs and the psychology of both of those constituents”

“Found a lot of things that I thought were like broken about the legal market and legal industry that created incentives for the incumbents themselves. Not to change.”

“If you take the three leaders today, which are ID and Stripe and Checkout, we're literally scratching the surface of what's possible. This is mathematical. All the revenue is still sitting in the incumbents”

“I think in the world of fintech more broadly, though, we're about to see the most seismic shift in terms of incumbents acquiring startups in the realization that they have to now. And actually, you know, they have to do it quite early as well. Otherwise they c…”

“I think regulation on the whole, as a, one, it benefits incumbents because the cost of adhering to regulations are significant.”

“And I more lean towards 90% of it being captured by incumbents, which isn't great for us as venture investors”

“Yes, if you're going toe to toe right now with an incumbent on their home turf and their shipping, I think it's a hard bet to take the opposite side of, you know, in our business. But if you're creating something that's totally a different user experience that…”

“Because it's a completely different way to build technology, right? It's a way where you have to have scientists, for example, working for six months on a new architecture, on a new model before releasing it. So it's a different paradigm of how you build softw…”

“If you're an incumbent and you already have the infrastructure for AI, the talent for AI, you're already have a leg up in this race and you should be using that. Incumbents have existing market share. They have already an existing customer base and that custom…”

“If you're going toe-to-toe right now with an incumbent on their home turf and their shipping, I think it's a hard bet to take the opposite side of, you know, in our business.”

“Much ado has been made about this idea of a data moat, but honestly, there's a lot of data out there, and entrepreneurs are incredibly creative about collecting it, and increasingly about generating it, and I don't think it's, ah, the incumbents are gonna win …”

“I think AI will enable a new generation of players in every industry that will kill the incumbents eventually.”

“I think if you were thinking about AI as AI APIs, I agree. If you're thinking of AI as a more radical paradigm switch to build technology, right? And if you think about an AI startup as a company that is actually training models, creating new architectures, op…”

“I think incumbents can have a lot of cake with a co-pilot idea right now, and that'll be the focus.”

“There's so much wrapped up in, in, in the arc fundamental business As in company architectures and all the systems internally and all their operatings around that, that it's really hard to just change, right? That's why it ends up being asymmetric competition.…”

“The entry players can win because they do a lot less and because it's so disruptive, then the incumbent has to say, holy crap, we have to delete everything. I feel so invested. I crafted every icon. I crafted every menu. I crafted every piece of documentation …”

“In the short term, incumbents will accrue the most value, leveraging existing distribution, To provide co-pilot products. Over the longer term, startups providing tools for new product paradigms will be best placed to win over the next five to 10 years.”

“If you know, everyone viewed Fund performance as the, you know, the metric of success, these, the big, you know, incumbents wouldn't have the prestige that they have.”

“If you put a gun to my head, I'd say incumbents will probably do better out of AI than like startups thinking they can displace incumbents.”

“If it's existing employees and their existing workflows that, you know, AI technology is going to be sustaining and it's going to drive tremendous market cap for the incumbents.”

“Foundation models, 90%. Application layer, 70%. And in the incumbents, the value going into the incumbents, only 20%.”

“That is as much going to be an incumbent's game as a startup's game this time around.”

“Similarly in AI, I think there'll be some categories where incumbents have the natural advantage, but then there will be either blind spots that those incumbents don't kind of go after, or there will be things so different from their existing business model in…”

“The thing I've changed my mind on is I'm less fearful that incumbents will be able to accrue most of the value. The reality is, like, it still early days in this game, and things could change, but thus far, the startups are outpacing, the focus startups are ou…”

“The incumbents usually win. It's customer distribution.”

“Like if you pick an idea that is like obvious to everyone, there's probably no alpha, right? A big company is going to go out and already beat you to the market, right? Because they have more distribution resources and capital than you.”

“So if you are the incumbent, you have an advantage because people are designing their models for your hardware. It doesn't even matter if there's a better architecture out there. It's not going to run well, so it's not a better architecture.”

“Because I believe that distribution matters a great deal. We're all building on largely the same models. The areas where you actually can have like true network effects is access to unavailable data or consumer network effects. Both of these typically sit insi…”

“We will be on a 10 to 20 year decline of incumbents who are unable and unwilling to adopt new tools because of data, because of permissioning, because of internal buying processes.”

“I think security is going to benefit the incumbents. I think we're going to be worried that our agents are depositing our data in a hundred different places”

“The battle of every startup versus incumbent is whether the startup gets the distribution before the incumbent gets the innovation, right?”

“Every one of these markets. It's a race between the incumbents who have distribution needing to add product and the new guys who have product need to add distribution, right?”

“When you have this product cycle and you have a capable incumbent, what happens is they usually make their product better for their existing categories. So Microsoft will make a better word processor than they've ever made. Google will make a better search eng…”

“I think in general, I think investors underestimate incumbents ability to change their willingness to change the motivation to change.”

“If you're already the market leader and you only have share to lose if you're already the incumbent, that's a really tough place to be because there's not really share to gain, there's only share to lose, and AI is a great way to for startups to take share fro…”