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Hedgehogs, foxes, and VCs
What matters in early-stage investing (and why I think "why now" is the most important thing).
Nov 20
•
Matt Brown
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B2B payments aren’t payments, they’re workflows
B2B payments is a ghost market because everyone focuses on the “payments” part. The real problem is in the workflows and data that precede the actual…
Nov 6
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Matt Brown
Vertical, horizontal, and ghost markets
Ghost markets seem real. They have an enormous TAM and a clear need for new solutions. So a wave of companies go after the opportunity, and then… it…
Oct 30
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Matt Brown
Fundraising for fintech infra is different
Fintech infra and embedded fintech are so unique that much of the generalist fundraising advice out there doesn't apply to them. Here's what I've…
Oct 17
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Matt Brown
The iron triangle of embedded fintech
The next big fintechs will win with novel distribution, not novel products. In the 2010s the biggest fintechs were product innovators. They closed the…
Jul 31
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Matt Brown
Bundling, unbundling, and timing
The tech industry loves bundling and unbundling. There’s been a lot written on how it works, but little on when it works. Here are some factors that may…
Jul 14
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Matt Brown
The best fintechs turn risk into leverage
Fintech startups must grow fast but manage risk. Most fintechs get good enough it by limiting the downside of risk, but cap their upside in doing so…
Apr 17
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Matt Brown
Why aren’t there more winner-take-all dynamics in fintech?
This question has bugged me for a while. I don’t have an answer to it, but I have a few hypotheses. I’m publishing this to solicit feedback, so please…
Mar 21
•
Matt Brown
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Matt's Notes
Occasional notes on tech and investing, heavy on the fintech.
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Matt's Notes
Occasional notes on tech and investing, heavy on the fintech.
By Matt Brown
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