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Takeaways from Money2020
Matt Ober
October 27, 2023
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I made the trek to Las Vegas. Money 2020. The takeaways from the event…
Generative AI- everyone was talking about it. Every startup has an AI slide or AI angle. The corporate venture investors and corp dev attendees aren’t convinced that they need to rush to invest. They are believers, but think its got a way to go for them to really incorporate it into their products.
Open Banking- that was mentioned at every happy hour. The large public companies are excited about it. Startups are thinking about what it means and how they can build to take advantage of the proposed changes.
Raising Money- it’s a tough environment. I was surprised to meet a handful of startups that didn’t seem to think that valuations had reset for fintech. They thought $20m-$25m seed round valuations pre-product or pre-revenue would be easy to raise. All of the venture investors I chatted with were in agreement that valuations not only reset but that many areas of fintech aren’t seeing any interest.
Overall Money 2020 continues to be the conference everyone attends. I am not saying they attend the conference, but they make the trek to the desert. They take 10x more meetings than they want. There are 10x more people than you think. The bars are packed. The private events are everywhere. Everyone is walking 10x further than they planned and everyone is complaining about not wanting to be in Vegas for much longer. Long story short- see you next year!
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