Domkundwar: Major industry innovation primarily comes from domain outsiders
Vaibhav Domkundwar · Vaibhav Domkundwar on his early stage bets and importance of organic growth in startups · Mar 26, 2020 · at 9:33
Vaibhav Domkundwar, founder of Better Capital, explains why he backs product-first outsider founders in the Indian fintech and neobanking space.
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“I actually think that innovation in most spaces Comes from innovators who are from outside those segments, right? And I think we've seen this happen in multiple scenarios. Most of the ad businesses were created by tech founders who are not from the media spaces. Tesla was created by an outsider who is, who had nothing to do with auto. So similarly in fintech, I believe that a good amount of innovation, not all, A good amount of innovation will come from founders who are looking at that space and that problem from outside in, right?”
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