Angela Strange on investing
From The Future is "Default Global" w/ Angela Strange & Anish Acharya, Partners a16z · · RexSalisbury
“We invested in a company called Jeeves, a global expense-management platform that locally issues cards in 20+ countries, consolidates statements in the currency you want, and hooks into local bill-pay rails to dramatically shorten that pain point.”
On , Angela Strange, Partner at Andreessen Horowitz at Andreessen Horowitz, spoke about investing during The Future is "Default Global" w/ Angela Strange & Anish Acharya, Partners a16z on RexSalisbury.
About Angela Strange
Angela Strange, a general partner on the fintech team at Andreessen Horowitz (a16z), has discussed the concept of "default global" companies, which she described as businesses that are built from the start to operate across borders. In a February 2023 podcast, Strange said that "every company is going to be a fintech company" and highlighted investments in companies like Jeeves, a global expense-management platform, and Deel, a borderless hiring platform. She stated that compliance, when done well, can improve user experience and business economics, and argued that the current moment is "the very best time to be building something default-global." In a 2019 appearance, Strange discussed the banking startup landscape, stating that "there is easily 50% of America living paycheck to paycheck who have fewer options and are being gouged," and that serving those customers represents a "massive opportunity." She also noted that outside the U.S., the opportunity can be even larger due to high smartphone penetration and low credit-card penetration in many countries. Strange has advocated for an "infrastructure thesis" in fintech, focusing on selling tools and services to other businesses rather than building consumer-facing products directly.