
The Financing Dilemma - How B2B Marketplaces Can Get It Right
Bowery Capital and Balance explain how B2B marketplaces can think about payments.
Last night Bowery Capital attended the NY Enterprise Monthly Technology Meetup. This event was focused on enterprise security, an area we have become increasingly interested in for two reasons:
First, the need for security solutions is growing. In the past, applications seldom communicated with one another. Companies could build a moat around their IT to protect themselves. Today’s incredible degree of interconnection – not only among software, but also among platforms – creates new points where security can be compromised. Second, IT security is now top-of-mind for CEOs. Last month Target CEO Gregg Steinhafel, a 35-year veteran of the company, stepped down in the aftermath of a massive data breach that compromised credit card information of 40 million customers. Target is just one of many F500 companies where customer data has been exposed. CEOs are getting more involved with IT security because an oversight could cost them their jobs and materially damage their companies.
Bill Murphy is one of several thought leaders who spoke at the event. Bill is not only the CTO of The Blackstone Group, but also plays a key role in helping its 70+ portfolio companies (which together comprise over 600,000 employees and includes Hilton Hotels, among other titan brands) make informed IT security decisions.
As a buyer of enterprise security solutions, Bill shared an interesting angle and provided insight into his thought process. We left with three takeaways:
Thanks to @fendien and our friends at @NYETM for organizing this event.
Bowery Capital and Balance explain how B2B marketplaces can think about payments.
The Bowery Capital team shares their thoughts on the emergence of usage based pricing in technology and why it could become more common going forward.
Bowery Capital's Loren Straub and Gabe Hawkes chat with Jimmy Fong, Chief Commercial Officer at SEON, about Buy Now Pay Later (BNPL) fraud and what the future of security looks like in the space.