Description
Innovation is global. But what is under-appreciated are how the best ideas often emerge globally in waves. I call this the innovation supply chain. Fintech is at the forefront of this shift. To capt ...
Summary
- But what is under-appreciated are how the best ideas often emerge globally in waves.
- In the US, off the tailwinds of the rise of digital banking elsewhere, Chime (a portfolio company of the fund I work at) and others started to scale.
- Affirm, which recently went public over $20b, was launched in the US in 2013.
- For example, direct to consumer insurtech players like Lemonade (renters), Hippo (home) and Root (car) were built early in the U.S. but similar models are scaling around the world.