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incumbent companies

2 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Jan 2, 2019 by Alex Rampell · across every show →

Everything said about incumbent companies, oldest first

Jan 2, 2019 neutral
Insight
Rampell: Incumbents don't use "fintech," only new competitors do
“We were just joking about this, that it seems like a contrived term, because if you were to ask any of the existing incumbent companies what they do, they would not say FinTech. They would say, we loan money, we're a bank, or we do finance, we do microfinance.…”
Alex Rampell Jan 2, 2019 ▶ 1:01 a16z Podcast | Fintech from the World's Financial Capital -- London
Jan 2, 2019
Insight
Christensen: Disruption only destroys incumbents that fail to understand its mechanisms
“So I believe That it doesn't have to kill you, but it'll kill you if you don't understand how the world works.”
Clayton Christensen Jan 2, 2019 ▶ 6:30 a16z Podcast | Competing Against Luck
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