Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
a16z’s Moves into the Cloud ‘No Need for a Centralized HQ
TechCrunch | Mary Ann Azevedo | Aug 19, 2022
Last month, Andreessen Horowitz — one of venture capital’s largest and most prominent players — announced that its “headquarters will be in the cloud” going forward. Its new philosophy in this post-COVID era of remote work is that there is no longer a need for a centralized HQ. This philosophy extends to its fintech team. I sat down (virtually, that is) with General Partners Angela Strange and Anish Acharya to learn more about why the pair believes that the fact that more people are working globally spells huge opportunity for fintech companies.
TC: Tell me what you think is the biggest change you’ve seen with regards to how companies are being built in this post-pandemic era.
Anish and Angela:
- The idea now is that the company of the future, and the company of the present, will be global on Day One and the opportunity (for fintech companies) is to build all the infrastructure for that company to be able to operate and sell globally on Day One.
- if we kind of unbundled Silicon Valley, of course, there’s a place — but then there’s Silicon Valley networks, Silicon Valley ambition, Silicon Valley capital markets and Silicon Valley talent, businesses, etc.…You can really take all of these ideas outside of Silicon Valley. That just had never happened before because of the network effects component. Between people being distributed globally and COVID catalyzing this change, it does feel like Silicon Valley is becoming unbundled.
See:
The new urgency of global tech governance
Can Silicon Valley still dominate or are global innovators redrawing the map?
TC: I think that’s an interesting point. It’s very complex though, right? When you talk about different countries, and as you mentioned, global money is very much a local thing. Every country, every region addresses it differently. And I think maybe that has intimidated some companies in the past.
Anish and Angela:
- The difference is when you have a platform that can manage a lot of that for you, the idea is that the company just wouldn’t have to worry about it. Like what we saw a couple of years ago with global payment acceptance. A bunch of companies went out and made it really easy to accept payments using local payment methods in any country. If you had to identify and do all those integrations yourself, that was very difficult. But if you could use a single payment provider that provided that to you for a fee, then it suddenly becomes a lot less painful.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
 |  |  |
Support NCFA by Following us on Twitter!Follow @NCFACanada  |
Related Posts
Investment Crowdfunding for Retail Investors- Preparing for Retail Payment Act Changes
- Coinbase: $100m Fine to New York State Regulators for Longstanding Compliance Failures
- Fintech startup Wealthsimple sees major 2017 growth: Reuters
- How London uses crowdfunding to build projects — and community
- Global payments: Expansive growth, targeted opportunities
Leave a Reply