Disruption in Financial Services? A Silicon Valley Perspective
Disruption in Financial Services?
A Silicon Valley Perspective
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 $3.1 billion NEA 15, the largest VC fund ever raised
Global presence: Menlo Park, CA; Chevy Chase, MD; Shanghai & Beijing, China;
and Mumbai, India
500+ funded companies
200+ IPOs and >300 M&A exits since inception
20 IPOs in 2014 and 2015
Source: CB Insights
2.1 2.4 2.8
2011 2012 2013 2014 2015
Annual Global FinTech Financing
VC-Backed FinTech Investment ($Bn) VC-Backed FinTech Deals
>$25 Billion in VC Investment in FinTech in 5 Years
How is P&C Insurance Changing?
Car Insurance By the Mile, 100% Mobile Distribution
How is Asset Management Changing?
100% Mobile, Free Trading, No Customer Acquisition Cost
Over $2B in
Data First Health Plans, Personalized for Self Insured Companies
How is Health Insurance Changing?
The ACA will force
How is Banking Changing?
Any App to Any Bank, One Platform
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?