Most recently, BlackRock, the world's largest asset manager with $10Tn under management, made an agreement with Coinbase to allow clients direct access to crypto through Coinbase Prime.
Revolut) and spreading to traditional financial institutions (e.g. But, everyone realized the big opportunity was to attract institutional capital to increase market liquidity, starting with Neobanks (e.g. The crypto markets began as a consumer investment opportunity, primarily driven by FOMO at each new bull market cycle. “Making Waves” - a new cartoon that illustrates how the arrival of institutional investors into the crypto industry might have some unintended consequences. #startuplife, #jamiedimon, #recession #startup #sales #sustainability #strategy #startups #fundraising #ceo Last week, Jamie Dimon the CEO of JPMorgan remarked that there’s a 20%-30% chance of a “harder recession” and equal odds of “something worse.” In these circumstances, startup CEOs and boards need another hard look at the sustainability of their revenue assumptions (such as customer demand, sales cycles, churn and default rates), and then make intelligent decisions on their fundraising strategy.
For those waiting it out, the challenge occurs if they misjudge the length of the downturn, which could result in their valuations getting crushed or becoming terminal if they run out of cash. However, in a downturn, startups can either wait out fundraising and hope for improved economic times or take the hit of a lower valuation but get sufficient capital to see them through the challenging period. In good times, startups can delay raising capital and use the time to increase their valuation. “Judgement Day” - a new cartoon that illustrates how many startups are facing the dilemma of when to raise funds. #deeptech, #quantumtech, #thequantuminsider #technology #success #startup #banking #energy #project #brand #help #talent #collaboration #infrastructure #infrastructure #computing #testing #development In some of these deep technologies joining an ecosystem of partners is a more important signal of a startup’s potential success than landing a name-brand customer. For example, in the financial sector, the banking giant HSBC joined forces with 12 other companies through the NEASQC project to develop possible use cases for the technology, from carbon capture to energy infrastructure risk assessment and breast cancer detection.
To address this, quantum companies are often partnering with each other or with customers to help move the market along. This is particularly the case for quantum computing, which faces the perceived challenge of a technology looking for a market need (as opposed to being customer lead) and long development times placing strain on finding capital and top talent. For deep technology companies, this is a lot harder, since the market need might not be fully developed or overcoming the initial hurdle of technology viability makes testing in front of customers a distant dream. For most new technology, a startup can create a basic working model of the kernel of value and test it with customers to make sure they are tracking towards a market need. “Quantum Speed” – a new cartoon that illustrates how the challenges of getting to a minimum viable product with quantum technology make a strong case for collaboration and partnership.