Jon Sakoda, general partner of venture capital firm New Enterprise Associates (NEA) presents his expert insight on the current and future state of tech and financial services.
2. NEA is the Largest VC Firm in the World
Founded in 1978
$16.8 billion in committed capital across 15 funds
Currently investing out of $3.1 billion NEA 15, the largest VC fund ever raised
Global presence: Menlo Park, CA; Chevy Chase, MD; Shanghai & Beijing, China;
and Mumbai, India
500+ funded companies
200+ IPOs and >300 M&A exits since inception
20 IPOs in 2014 and 2015
9. Source: CB Insights
2.1 2.4 2.8
6.7
13.8
298
397
484
587
653
2011 2012 2013 2014 2015
Annual Global FinTech Financing
VC-Backed FinTech Investment ($Bn) VC-Backed FinTech Deals
>$25 Billion in VC Investment in FinTech in 5 Years
10. How is P&C Insurance Changing?
Car Insurance By the Mile, 100% Mobile Distribution
11. How is Asset Management Changing?
100% Mobile, Free Trading, No Customer Acquisition Cost
Over $2B in
transactions in
12 months!
12. Data First Health Plans, Personalized for Self Insured Companies
How is Health Insurance Changing?
The ACA will force
~300,000
businesses to
self-insure…
13. How is Banking Changing?
>7 Billion
transactions
collected in
18 months!
Any App to Any Bank, One Platform
14. Key Considerations for Evaluating Disruptors
What are their core competitive advantages?
- Technology? Regulation? User experience?
What segment of the market are they attacking?
- Is it an unprofitable niche or disruptive innovation?
When will they impact your core business?
- Can you afford to ignore them now?