One path, which is particularly well trodden, is to start a venture fund.
Instead of launching a VC fund, they’re starting with an incubator called Montauk Climate, TechCrunch has exclusively learned.
Montauk Climate is one of the latter.
Montauk Climate will remain shareholders in its spinout companies and have seats on their boards.
As the number of incubated companies expands, Montauk Climate expects to raise its own venture fund to help support them.
In 2022, Walmart acquired earned wage access provider Even to offer early pay access to its employees.
Other big U.S. companies, including Amazon, McDonald’s and Uber, also offer employees early wage access programs.
Like other earned wage access providers, Wagely charges a nominal flat membership fee to employees withdrawing their salaries early.
“This is something that no other competitor is even close to because other earned wage access companies are focusing on different things,” he said.
One of the areas where global earned wage access providers have shifted their focus nowadays is lending — in some cases, to lend money to employers.
At Prosus, this has involved guiding startups through the GenAI landscape, helping them not just adapt, but also win in a market that is rapidly transforming.
In this article, I distill those learnings into a practical playbook for GenAI, aimed at helping startups to not only survive but also thrive in the GenAI era.
GenAI value creationBalancing protective measures, like data protection protocols, with progressive strategies, such as AI-driven product rollouts, is essential.
Disruption diagnostics: Dissect risk and readinessIt is crucial to understand your company’s current standing in relation to GenAI disruption.
This involves a thorough analysis of risk exposure and operational readiness, which provides a foundation for a robust GenAI strategy.
VCs have traditionally been an industry that revolves around relationships. But their conviction stems from the folks behind it. This largely makes sense because investing in a startup also usually…