White Nights Disrupt Conference in St. Petersburg

Annual CEMS White Nights conference was held on 4th of June, 2016 in St. Petersburg. The theme of the conference was "Disrupting the Industry". Panel of speakers included senior executives and founders of fast growing e-commerce companies in Russia such as Lamoda, Delivery Club, Booking.com.

Bekkozha Muslimov, Investment Director at Blue Wire Capital participated with presentation "Exponential time: disruptive forces are multiplying".

 

 

 

 

Exponential time: Disruptive forces are multiplying

Gordon Moore, founder of Intel predicted in 1965 that computing power of hardware would double every two years. This turned out to be true. Exponential improvements touch other field of our life including growth of mobile users, significant drop in costs of computing and storage. Speed of technology adoption is also accelerating.

There are four main disruptive forces: Unbundling. Collaborative Economy, Connected Eco-system and Autonomous Economy. The latter two are gradually entering our life enabled by internet of things and artificial intelligence. 

Bekkozha Muslimov, Investment Director at Blue Wire Capital participated in the conference White Nights 2016 "Disrupting the Industry organised by St. Peterburg University, Graduate School of Management. Theme of presentation was "Exponential Time: Disruptive forces are multiplying".  Presentation slides can be accessed below:   

Insurance Tech: What's next?

Insurance tech is one of the promising fintech verticals and is predicted to overtake lending and payment in the volume of venture funding. Global market of insurance premium is estimated at 5 trillion US dollars. Insurance is one of the oldest industries. Average age of insurance company is 95 years. Cumulative market cap of insurance companies is 1 Trillion US Dollars with 2 Million people employed. Despite industry being old, customer experience has largely stayed the same. Insurance industry has been insulated from disruption in other sectors like travel due to the following:

  • Complex regulatory requirements;
  • Inherent channel conflict between carriers and brokers
  • The opaque nature of data used to assess risk

Conclusion is simple enough: insurance is begging for disruption. Digitally-born insurer has cost advantage of 17-21% in the combined ratio versus traditional player. This cost advantage can be achieved across value chain including products and underwriting, sales and distribution, policy administration and servicing, claims management.

Blue Wire Capital participated Insurance Tech conference organised by Bloomberg and Talis Capital on 27th of April. We took part in their last panel session which was dedicated to the future of insurance tech and included speakers from venture capital firms such as Accel Capital, Balderton. Video of this panel session can be accessed via Youtube link below:     

Perfect storm for Fintech revolution

Five key trends are shaping the future for financial services: loss of trust, consumer expectations of better, rise of millennials and smartphones and favourable stance from regulation are creating perfect storm for fintech start-ups to disrupt one of the oldest industries. 

If you would like to learn more you are welcome to check out presentation by Bekkozha Muslimov, Blue Wire Capital at Fintech Conference at Cass Business School. 

 

    

Fintech Overview and Trends

Fintech Overview and Trends

I was invited to give a presentation on overview of fintech and its latest trends at Cass Business School. I started presentation with the question how many people in audience would like to work for a bank or  financial technology company. Audience has been divided 50/50 between two groups.  The fact that we see more and more people interested working in financial technology company points to potentially very systemic danger for banks. Best and brightest do not want to work for a bank anymore. 

Founders! Ask For Feedback!

Founders! Ask For Feedback!

Lately I’ve started to notice that very few founders follow up to ask for feedback after we pass on their company. I’m not referring to anything exhaustive, but to simple questions and requests like:

  • “Would you mind hopping on a call to explain why you think the market is unattractive?”
  • “Could you explain how we can improve our pitch?”
  • “I saw that you’re connected with XYZ. Do you think they might be interested? If so, would you mind making an introduction?