A good time for startups?
That doesn’t mean, however, that the most innovative new businesses won’t have great success if they’re offering products and services for which there’s growing demand, despite the looming economic challenges.
“This may be a great time to launch a startup,” noted Gurley, adding that “being realistic doesn’t necessarily mean being pessimistic.”
Internet platforms that completely or partially disintermediate brokers or agencies in various industries are a promising trend. By putting more control of transactions or operations into the hands of individuals and small businesses, some notably vibrant startups are successfully disrupting marketing, real estate and other verticals.
Democratizing data analytics tools
A main theme among some of the most promising recent startups is “democratizing” access to powerful data analytics tools for retail investors — tools that were previously the preserve of elite hedge funds and other big Wall Street firms. The so-called “alternative data” market is beginning to level the broader playing field in this domain, as well as enable new sources of credit for unbanked or underbanked people around the world.
The fintech world continues to deliver disruptive new business models that are innovating in the capital markets and making some asset classes available to a wider range of investors. This is particularly the case with the insurance and reinsurance markets, once solely the realm of major firms like Lloyds, Swiss Re and Berkshire Hathaway.
John Doe says
This is the right time to invest in early stage startup
Data management continues to be a dominant factor in market growth. The demand for greater capacities of data storage and retrieval, fueled by the increasingly massive amounts of data required to feed new machine learning (ML) and other AI tech, underlies many of the most disruptive new services coming online. Some of the fastest-growing startups are delivering breakthrough technologies, notably in the field of all-flash drive data storage systems.
Finally, the emerging metaverse is gaining traction as the next leap forward for the internet. Virtual reality and augmented reality environments populated by avatars or tour guides powered by AI are increasingly capable of enabling more natural human-AI conversations than their chatbot predecessors. The mission to create an intuitive metaverse drives some of today’s hottest startups to track now.