Startup Funding

August 21, 2019

Eric Smith of AppBrilliance

At AppBrilliance, they believe that the next-big-thing in tech is the disruption of the trillion-dollar financial industry by nimble technology companies and major platform providers such as Google, Facebook, Amazon and Apple. Their platform unlocks the future of money by removing the barriers between technology companies and the financial institutions where people bank today. Excerpts from the interview: Eric’s pointers for first-time investors that want to invest in the fin-tech space. According to Eric, it’s a challenging space to invest in because there is a pretty broad disconnect between the traction that you need to have and the ability to scale. What the next stage of industry evolution is- blockchain technology is going to play a very important role as the industry starts to evolve. It just really creates a transparent way to accept funds and record those transactions so you’re able to fully maintain precise transactional data when you’re using the blockchain . Listen to full episode with Eric Smith You can find AppBrilliance at https://www.appbrilliance.com/ Eric can be reached on LinkedIn at https://www.linkedin.com/in/cericsmith/

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Five CompetitiveAdvantages: Platform Based Solution

Competitive advantage increases revenue by 30% over the competition or decreases cost by 30%. Here are five sources of competitive advantage: Recurring revenue Channel access Platform based solution instead of singular products. Network effects in action–the value of the product increases with the number of users Virality (not the same as network effects) (users invite other users) A platform-based solution is a competitive advantage over a single product as it provides a solution that works for more than just one type of customer. Platform solutions have a lower cost than single products because you can reuse the research, design, architecture, packaging, and other aspects. Platforms also reduce the cost of supporting the customer as you can reuse support resources. Hall T. Martin is the founder of TEN Capital and a builder of entrepreneur ecosystems by startup funding through angel networks, funding portals, syndicates, and more. Connect with him about fundraising, business growth, and emerging technologies

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