“After a decade of asset-light evangelism, 2026 will mark the return of the balance sheet as a competitive advantage.” – Olivia Gao
TechCabal | 06.02.2026 21:29
After a decade of asset-light evangelism, 2026 will mark the return of the balance sheet as a competitive advantage. Startups that own or finance productive assets—vehicles, devices, and equipment—will outcompete pure marketplaces by controlling supply, monetising financing margins, and unlocking private credit partnerships.
