The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: a16z's Angela Strange on Why Every Company Will Be A Fintech Company, How Founders Should Think About Niches and Optimal Insertion Points, How To Transition To Become The System of Record & Are We Entering A Period of Bundling Or Unbundling for Fint

Sep 8, 2020
Angela Strange, a General Partner at Andreessen Horowitz, shares her journey from Google's product manager to a leading fintech investor. She discusses why every company is becoming a fintech company and how removing barriers is enhancing product quality and accessibility. Angela explores optimal market insertion points, the significance of transitioning to the 'system of record,' and the current trend of bundling versus unbundling in financial services. Her insights shed light on the evolving landscape of fintech and its impact on various business models.
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ANECDOTE

AWS Analogy

  • Angela Strange uses Amazon Web Services as an analogy for the future of fintech.
  • Just as AWS reduced costs and complexity for startups, so too will fintech infrastructure companies.
INSIGHT

Barriers to Entry & Product Quality

  • Lower barriers to entry improve product quality by increasing consumer choice and competition.
  • Consumers will choose better products, making customer acquisition harder, but quality and personalized services justify subscription models.
ANECDOTE

Gaming as a Financial Gateway

  • Angela Strange suggests gaming could become a financial services entry point for the next generation.
  • Children might earn and manage allowances in Robux, creating early financial experiences.
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