The passage and implementation of the Affordable Care Act created a perfect storm of disruption in the healthcare industry.All at once came massive systemic changes, from the expansion of Medicaid and guaranteed issue to minimum essential benefits and the creation of exchanges.In the wake of ACA, nearly one hundred companies sprang up to fulfill the promise of Obamacare and make healthcare a consumer-driven, retail industry, where old work rules would be broken, novel business models established and new companies could command billion-dollar valuations in a short span of time.There was a surge of excitement, and, as of June 2016, the U.S. healthcare space had eight unicorns companies valued at over $1 billion , including 23andMe valued at $1.03 billion, Theranos at $9 billion and Zenefits at $4.5 billion.Think of it like a Rubik s Cube, where every move has a ripple effect, and solving multi-faceted problems is par for the course.In these conditions, innovative models battle strong headwinds — a fact many VCs and founders overlooked as they rushed to build businesses following the patterns of technology-driven disruption that have transformed industries such as shopping, transportation and entertainment.
You might call it a Hollywood makeover of the tech industry; Netflix, a company that used to send you DVDs by mail and was almost sold to Blockbuster for a paltry $50 million, is now a juggernaut staring down big TV networks as it makes their programming and business models seem almost archaic for today s world.But to Asian internet users, Netflix seemed like another among many of the wonderful first-world luxuries that kept making waves on the news but never seemed within reach.Even today, being a native South Asian, it s difficult getting used to the idea that one can get a Netflix subscription where high-speed internet access is still not available to everyone.You can now summon an Uber cab in New Delhi or ask Google Now to help you navigate the wild valleys of Swat in Pakistan.Players such as HotStar, a streaming service run by STAR India, and Eros, a company that both produces and distributes a large selection of Bollywood movies and Indian TV shows online, had seized the opportune power vacuum early while Netflix had been fixated on U.S. and European markets.HotStar understood the mania that drew a large viewership for live cricket in India, while Eros Entertainment brought its offerings to the masses with free basic plans.
The financial services space ticks all the right boxes entrepreneurs look for when launching a company: hard to solve problems, meaningful impact, transformational technologies, clear business models and a solid financing environment.On the flip side, Mexico s fintech industry has everything VCs daydream about: large untapped markets, highly scalable models, startups with solid traction, successful references around the world and multiple exit scenarios.Finally, angel investors, family offices and VCs are all over founders in this space, eager and willing to invest more and faster.Since the start of the Mexican tech wave in 2012, a new breed of experienced, tech-savvy and take-no-prisoners founders have emerged and are changing the face of the entrepreneurial ecosystem.Fintech, in particular, has attracted some of the best; from entrepreneurs with experience in Silicon Valley tech companies such as Adolfo Babatz PayClip from PayPal or Adalberto Flores Kueski from Ooyala, to others bringing in relevant sector expertise like quant jock David Arana Konfio , P2P pioneer Gerardo Obregon Prestadero , legal juggernaut Marc Segura Play Business and adtech star Pablo Hernandez O Hagan Pago Facil , to the ones who have started or scaled financial services businesses, such as hedge fund intrapreneur Fernando Ramos Briq , and microfinance entrepreneurs Fernando de Obeso Salud Fácil and Vicente Fenoll Kubo and pawn shop impresario Luis Creel Cohete .So when foreign founders move to Mexico, we should all be cheering for them — even if the odd ecosystem hater won t count their products as Mexican innovation they might be closet Drumpf voters or, worse, delegates!
Your browser does not support HTML5 videoPlayPausePlayPauseMute0%00:00 / 00:00FullscreenSmallscreen Close Embed Feed Hyperloop: Elon Musk s supersonic 760mph train explained IBTimes UKThe idea of a Hyperloop train travelling at the speed of sound has gone from Elon Musk's wild fantasy to an attainable reality in just a few short years.And now Hyperloop technology will be coming to public railways as soon as 2017.Hyperloop Transport Technologies HTT , one of two companies working to make the 700mph train a reality, has partnered with German railway company Deutsche Bahn to bring some of its advanced technologies to trains next year.Although this won't include HTT's masterplan to produce a super-fast train levitating through a tunnel, it will see trains fitted with augmented reality windows and a "digital ecosystem" integrated with the railway operator's community.No, we don't understand the second bit either, but augmented reality windows would certainly make dull train rides through endless fields much more interesting.
Photo: Dado Ruvic / Reuters Tightening programs, the development of emerging business models also criminals. Now Petya-tensioner may be purchased as a service. Bleeping Computer says Petya- and with its frequent occurrence Mischa-tightening programs, a new type of application method. Extortioners developers began to sell their services to other criminals. This is the so-called RAAS model Ransomware as a service.
Using digital technology to ease our daily frustrations by questioning traditional methods and delivering empowering alternatives or more efficient business models is something that should be celebrated rather than feared.The way that we order a cab, book a room, watch a movie or listen to a song has changed completely over the past few years.We can now access almost anything our hearts desire by pushing a button on a smartphone.It would appear that the nautical world is also set to be brought into the 21st century while the old way of doing things could soon be less relevant or even obsolete.The GetMyBoat app offers over 57,000 boating experiences in 154 countries, from captained cruises, tours or excursions, to bareboat charters and individual rentals, all accessible from your smartphone.Whether you re interested in kayaks or canoes, sailboats or a day on a yacht, or even a submarine, the open water is yours without the problems and expense of ownership.
Shares of the beleaguered social-media platform have surged more than 30% since June 13, the day the $26.2 billion deal was announced.The rationale may be that if the social-media space is poised for more consolidation, Twitter could be next.Unfortunately, that line of thinking ignores a simple truth: Twitter and LinkedIn are different companies with very different business models.Twitter is a mobile-advertising play; LinkedIn is much more diverse.And while a deal is always possible, Twitter s recent rebound ignores many of the problems pressuring it today: Its user base is slowing, its revenue isn t growing as rapidly as it used to and its advertising business is underwhelming.Deal chatter aside, these fundamental issues matter more to investors buying or selling the stock ahead of Twitter s second-quarter results on Tuesday.
A changing commercial relationship but Digital is still the king of power playThe term digital transformation is used to describe the transition of several areas corporate, personal and market business models and user experience from new age technology seen in social media, smart phones, big data to connected wearables to augmented reality and artificial intelligence.It s a shift form what may be described as a 20th Century information technology era of activities connected through web pages to an early stage 21st Century explosion of mass data collection, social networking and technology enabled insight and intelligence.The UK has a long history of being a leader in digital creativity and innovation attracting entrepreneurs, several of the leading global creative agencies are based in the UK.Silicon Round-about in London Shoreditch district to the Cambridge Hub Silicon Fen; several cities across the UK have sought to foster innovation for startups as well as huge international companies such as Proctor & Gamble, Unilever in open innovation to MasterCard, Visa in developing Fintech digital labs.Even if ecommerce reports of 15 to 17% of total GDP is from digital activities, it is growing in many market categories at 20% or more and online transactions and the knowledge economy is impact in virtually all sectors by digital disruption.
Many of the world s most popular games are free-to-play, yet they still manage to make a ton of money.Here s a simple explanation of how they work, and why they re able to get people to for over their cash for something that s technically 100% free.This video from the Vox YouTube channel explains the complicated world of freemium games and their business models.These games are using the fundamentals of behavioral psychology to get you hooked and get you spending on basic gameplay.Here are a few of the biggest tricks they use:They have a virtual currency with a complicated exchange rate, like gems, gold, or coins, so you don t feel like you re spending real money.
Updated at 2:01 at PST to include additional information on investors.In the latest sign that Germany s Rocket Internet may be hitting rough waters, the startup factory s Global Fashion Group announced today that it had raised $363 million in venture capital at a significantly lower valuation.Last summer, GFG raised $167 million at a valuation of $3.4 billion.In addition, Rocket said all the money came from existing investors rather than any other outside investors.Launched in 2014, GFG operates fashion websites in six markets: Latin America, Russia, the Middle East, Australia, Jabong, India and South-East Asia.GFG came right out of Rocket s classic playbook, an aggressive approach but one that has lately made investors increasingly nervous.The company s mission is take what it calls proven business models and replicate them in European, Asian, African and Latin American markets.In Silicon Valley, Rocket is often derided for what some see as its copy cat approach.Since Rocket s IPO almost two years ago, the company s various groups and business units have struggled to move toward profitability or demonstrate any long-term sustainability.And the stock took a big hit earlier this year when Sweden s Kinnevik, Rocket s second-biggest shareholder, marked down the valuation for its emerging market fashion websites by two-thirds.
Knowing your competition can help your ecommerce business discover opportunities, avoid mistakes, and differentiate.With this in mind, it can be a good idea to gather and analyze information about your competitors product selection, marketing, website, and operations.The aim is not to defeat your competition in some sort of retail war, but rather to learn from what your competition is doing.There are, at least, ten broad ecommerce categories to consider.Don t be surprised when these entrepreneurs use their business skills to quickly generate profits.Business pro entrepreneurs may help identify new business models or market segments that your company can profit from.
We have looked at the business models on a bunch of the streaming companies and found it very hard to see them as attractive, Mr. Maffei told investors at a March conference.In recent months, Mr. Maffei floated an offer to acquire internet-radio company Pandora Media Inc. P -2.83 % for roughly $15 a share, several dollars above where the shares traded at the time, said people familiar with the matter.Pandora s board rebuffed the advance because it believed the company s true value was closer to what it was in the fall, when the stock traded around $20, this person said.Asked during the meeting why a deal had yet to be sealed, he told attendees, You d have to ask the Pandora board.In an interview, Sirius XM Chief Executive Jim Meyer declined to comment on any takeover approach to Pandora, But he said that since his company represents a $5 billion part of the $25 billion radio business, he often kicks around whether he would like to have a bigger presence in the business.Sirius XM has built a profitable subscription business on strong partnerships with car makers.
Don t ever forget that you re weird.This advice is a good reminder that designing for oneself, while straightforward and enticing, will not have widespread impact.When it comes to healthcare and wellness, the population of people needing support is quite diverse.For example, a plethora of telemedicine apps and websites offer patients access to providers who live outside their area or with whom getting an in-person appointment would take weeks.These underserved populations are collectively called the healthcare safety net, which is defined as those earning less than 300 percent of the federal poverty level and either uninsured or enrolled in a public healthcare program such as Medicaid.Design thinking is both a mindset and a set of activities designed to create things — products, services, digital experiences, business models — that solve problems.
Robin Chan's "operators" will find anything you want - all you have to do is drop them a text."If you say, 'I'm looking for a leather sofa,' we take your request, in text form or a photo, identify that you're looking for furniture and connect you to a furniture expert," explains Chan pictured , Operator's co-founder and CEO.Your new helper will research and recommend an item, and, if you buy it, arrange delivery - an exchange that takes place entirely via chat on the Operator iOS app or, since April, in Facebook Messenger ."Messaging apps are now bigger than browsers," says Chan."If the internet's going to look like a conversation, commerce should be completely rethought."Chan, 38, an angel investor with early wins in Twitter, Square and Xiaomi, developed the idea in 2013 with Uber co-founder Garrett Camp.