the fintech startup ecosystem

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  • The FinTech Startup EcosystemBy: John F. C. Cheong, Ph.D.

    Feedback and comments to: johnc@spacemachine.net.Rev.2016.0413

    https://angel.co/john-f-c-cheonghttps://twitter.com/QuantQuantohttps://www.linkedin.com/in/fccheonghttp://www3.weforum.org/docs/WEF_The_future__of_financial_services.pdf

  • The FinTech Startup EcosystemBy: John F. C. Cheong, Ph.D.

    1. The Business of Startups2. The Big Question3. Small is the New Big4. Iterating to Product-Market Fit5. Disruption by a Thousand Arrows6. The FinTech Startup Space7. BlockTech and Recent Activities8. My Approach to BlockTech9. What Does a BlockTech Stack Look Like?10. Demographics Trumps Technology11. Vertical Networked Community12. A BlockTech-Centric Investment Thesis

    Feedback and comments to: johnc@spacemachine.net.

    https://angel.co/john-f-c-cheonghttps://twitter.com/QuantQuantohttps://www.linkedin.com/in/fccheong

  • Building A New Business: The Business of Startups

    Im starting a startup that helps other startups start up.

  • The Big Question for Entrepreneurs and Investors:How Best to Launch and Accelerate New FinTech Ventures?

    Huff! Puff!

    We can do it all by ourselves! Atlas

    vs.

    Give me a place to stand, a lever long enough and a fulcrum, and I shall move the World. Archimedes

    Now, isnt this a much better way?

  • Small is the New Big: How StartupsCo-Evolve with Platforms and Ecosystems.

    Suite Platform

    Multi-Platform BusThere is a new breed of big on whom the coming age of small is built: the platform players (like eBay, Etsy, Amazon, Apple, and Google) on whose platforms smaller businesses blossom.

    Nicco Mele

    http://www.ebay.com/https://www.etsy.com/http://www.amazon.com/http://www.apple.com/https://www.google.com/https://hbr.org/2015/10/why-more-mas-is-a-sign-that-scale-is-no-longer-an-advantagehttps://hbr.org/2015/10/why-more-mas-is-a-sign-that-scale-is-no-longer-an-advantagehttps://hbr.org/2015/10/why-more-mas-is-a-sign-that-scale-is-no-longer-an-advantage

  • An Iterative Build-Measure-Learn Methodology:Ideas to Code to Data Until Product-Market Fit.

  • Disruption by a Thousand Arrows: FinTech Startups Unbundling Wells Fargo, Citi and Bank of America.

    https://www.cbinsights.com/blog/disrupting-banking-fintech-startups/

  • Hundreds of Companies Across A Dozen Categories(Global Funding: $3B 2013, $12B 2014, , $__B 2018):

    https://www.venturescanner.com/files/sector/financial-technology.pdf

  • Making Sense of The FinTech Startup Space:How Capital Markets Make the World Go Round and Around?

    Payments & Remittances

    Lending & Personal Finance

    Asset/Wealth Mgmt & Trading

    (Basic Income?)

    Equity Financing& Capital Markets

    Crowd Funding

    Insurance& Payroll

    Banking Infrastructure

  • FinTechs Wheel of Disruption:Six Clusters of Financial Services Innovation?

    http://www3.weforum.org/docs/WEF_The_future__of_financial_services.pdf

  • BlockTech: Blockchain-based Startups (within FinTech)

    http://startupmanagement.org/2015/10/22/the-global-landscape-of-blockchain-companies-in-financial-services/

  • Blockchain Activities of Financial Intermediaries & Banks

    http://letstalkpayments.com/blockchain-activity-of-fis-banks-updated-analysis-infographic/

  • Blockchain: A Fundamental Technology That Impacts Other Technologies (i.e., BlockTech Disrupting Tech!)

    http://startupmanagement.org/2015/11/09/explaining-the-blockchains-impact-via-an-infographic/

  • Feedback and comments to: johnc@spacemachine.net.

    My Approach: Industry Model Canvas for Assessing BlockTechOpportunities in and around Value Creation and Value Capture.

    http://www.spacemachine.net/views/2014/12/stone-soup

  • How Might A BlockTech Stack Be Organized?

    http://startupmanagement.org/2015/11/02/is-the-blockchain-an-alphabet-soup-or-a-full-stack/

  • Keep It Super Simple: A Fully ConfigurableModular 4-Layer Stack for BlockTech?

    Smart Contracts

    Blockchain Mediation

    Proof-of-X Algorithm

    Network Topology

    Business logic layer where smart contracts are coded using high level languages.

    Distributed ledger layer where inconsistencies and conflicts are resolved.

    Transaction verification layer where proofs are computed and communicated.

    Underlying network layer that determines how the nodes are connected together.

    Could this be BlockTechs signature stack?

    Identity

    Keys

    Storage

    Messaging

    Languages

    Transaction Ledger

    Consensus Method

    Tokens

    Mining

    Nodes

    P2P

  • Lets Not Forget: Demographics is Whats Driving Major Disruptive Changes in the World Today!

    KP KA VP CR CS

    C$ R$

    CHKR

    Business models are designed and executed in specific environments. So the external environment is like a design space for business models. And business models evolve to adapt to changing environments.

    MACRO-ECONOMIC

    FORCES

    MARKET FORCES

    INDUSTRY FORCES

    KEY TRENDS

    New Digital Technologies

    Clobbered by Regulation Millennial Demographic Shift Underway

    Changing Consumer/Enterprise Behaviors and Expectations

    Suppliers & Value Chain Actors

    Stakeholders

    Incumbents Legacy IT Infrastructure

    New Entrants Lower Startup Costs

    Bitcoin & Blockchain Substitutes

    Baby Boomers and Millennials

    New Preferences for Banking

    Confusing Choices

    Lower Switching Costs

    Less Attractive Revenue

    Zero Interest Rate WorldRecovering from Great Recession Increasing Rates of Changes

    The World Awash in Capital

  • Geographic Proximity Has Been Eclipsed by Networks:Vertical Networked Community is the New Marketplace

    The competitive advantages of scale are being commoditized. Minimum efficient scale is getting smaller and smaller. Maxwell Wessel

    https://hbr.org/2012/03/the-commoditization-of-scale/https://www.paypal.com/http://www.plugandplayaccelerator.com/fintechhttps://www.lendingclub.com/http://www.fintechinnovationlabnyc.com/https://www.ycombinator.com/https://stripe.com/https://www.lendup.com/https://gocardless.com/https://www.billguard.com/http://kasisto.com/https://www.finleap.com/https://www.billfront.com/https://www.valendo.de/https://ynext.yodlee.com/https://www.accredify.com/https://www.walla.by/

  • Great Ideas can be Realized from Real Insight into the Way the World Spends Its Money.

    http://www.plugandplayaccelerator.com/fintechhttp://www.fintechinnovationlabnyc.com/https://www.ycombinator.com/https://www.finleap.com/https://ynext.yodlee.com/http://finlab.cfsinnovation.com/http://www.fintechcircle.com/http://500.co/http://fintechsandbox.org/http://www.barclaysaccelerator.com/http://www.brightbridgeventures.com/http://hollandfintech.com/http://www.level39.co/http://www.sixthirty.co/http://www.valuestreamlabs.com/https://www.facebook.com/awiventures/http://www.fintechfusion.ch/http://innotribe.com/https://matchi.biz/http://www.qcfintech.co/https://nextbank.org/http://www.anthemis.com/http://www.fintechforum.de/english/http://coinsilium.com/http://chinaccelerator.com/http://conferences.oreilly.com/nextcon/money-fintech-ushttp://blockchain.capital/https://www.boost.vc/http://route66ventures.com/http://www.spacemachine.net/

  • Thank You!

    FinTech

    The FinTech Startup EcosystemBy: John F. C. Cheong, Ph.D.The FinTech Startup EcosystemBy: John F. C. Cheong, Ph.D.Building A New Business: The Business of StartupsThe Big Question for Entrepreneurs and Investors: How Best to Launch and Accelerate New FinTech Ventures?Small is the New Big: How StartupsCo-Evolve with Platforms and Ecosystems.An Iterative Build-Measure-Learn Methodology:Ideas to Code to Data Until Product-Market Fit.Disruption by a Thousand Arrows: FinTech Startups Unbundling Wells Fargo, Citi and Bank of America.Hundreds of Companies Across A Dozen Categories (Global Funding: $3B 2013, $12B 2014, , $__B 2018):Making Sense of The FinTech Startup Space:How Capital Markets Make the World Go Round and Around?FinTechs Wheel of Disruption:Six Clusters of Financial Services Innovation?BlockTech: Blockchain-based Startups (within FinTech)Blockchain Activities of Financial Intermediaries & BanksBlockchain: A Fundamental Technology That Impacts Other Technologies (i.e., BlockTech Disrupting Tech!)My Approach: Industry Model Canvas for Assessing BlockTech Opportunities in and around Value Creation and Value Capture.How Might A BlockTech Stack Be Organized?Keep It Super Simple: A Fully ConfigurableModular 4-Layer Stack for BlockTech?Lets Not Forget: Demographics is Whats Driving Major Disruptive Changes in the World Today!Geographic Proximity Has Been Eclipsed by Networks:Vertical Networked Community is the New MarketplaceGreat Ideas can be Realized from Real Insight into the Way the World Spends Its Money.Thank You!