{"id":8016,"date":"2025-04-21T12:00:00","date_gmt":"2025-04-21T03:00:00","guid":{"rendered":"https:\/\/doublefeather.com\/?post_type=insight&#038;p=8016"},"modified":"2025-06-10T23:04:53","modified_gmt":"2025-06-10T14:04:53","slug":"%e3%82%b1%e3%83%8b%e3%82%a2%e3%81%ae%e3%82%b9%e3%82%bf%e3%83%bc%e3%83%88%e3%82%a2%e3%83%83%e3%83%97%e5%a4%b1%e6%95%97%e4%ba%8b%e4%be%8b%e3%81%8b%e3%82%89%e5%ad%a6%e3%81%b6%e6%8a%95%e8%b3%87%e6%88%a6","status":"publish","type":"insight","link":"https:\/\/doublefeather.com\/ja\/insight\/%e3%82%b1%e3%83%8b%e3%82%a2%e3%81%ae%e3%82%b9%e3%82%bf%e3%83%bc%e3%83%88%e3%82%a2%e3%83%83%e3%83%97%e5%a4%b1%e6%95%97%e4%ba%8b%e4%be%8b%e3%81%8b%e3%82%89%e5%ad%a6%e3%81%b6%e6%8a%95%e8%b3%87%e6%88%a6\/","title":{"rendered":"\u30b1\u30cb\u30a2\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u5931\u6557\u4e8b\u4f8b\u304b\u3089\u5b66\u3076\u6295\u8cc7\u6226\u7565\u306e\u518d\u8003\uff082025\u5e744\u670815\u65e5\uff09\u200b"},"content":{"rendered":"\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-4fc3f8e1 wp-block-group-is-layout-flex\">\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\uff11\uff0e\u306f\u3058\u3081\u306b<\/strong><\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:60%\">\n<p class=\"wp-block-paragraph\">2025\u5e743\u6708\u3001\u30b1\u30cb\u30a2\u306eBNPL\uff08\u5f8c\u6255\u3044\uff09\u578b\u30d5\u30a3\u30f3\u30c6\u30c3\u30af\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u300cLipa Later\u300d\u304c\u4e8b\u5b9f\u4e0a\u306e\u7834\u7dbb\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u305f\u3068\u306e<a href=\"https:\/\/bitcoinke.io\/2025\/03\/lipa-later-fails-to-raise-funds\/\">\u5831\u9053<\/a>\u304c\u51fa\u307e\u3057\u305f\u3002\u30a2\u30d5\u30ea\u30ab\u3067\u306f\u3001\u6628\u5e747\u6708\u306b\u3082Copia Global\u304c\u6e05\u7b97\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u308b\u306a\u3069\u3001\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u304c\u7834\u7dbb\u3059\u308b\u4e8b\u4f8b\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002\u30a2\u30d5\u30ea\u30ab\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306b\u4f55\u304c\u8d77\u304d\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u672c\u30ec\u30dd\u30fc\u30c8\u3067\u306f\u3001\u73fe\u5730\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u30fb\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u3067\u306e\u8b70\u8ad6\u3082\u8e0f\u307e\u3048\u3001Lipa Later\u3092\u542b\u3080\u30a2\u30d5\u30ea\u30ab\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u7834\u7dbb\u4e8b\u4f8b\u3092\u5206\u6790\u3057\u3001\u6295\u8cc7\u5bb6\u304c\u4eca\u5f8c\u3068\u308b\u3079\u304d\u6226\u7565\u306b\u3064\u3044\u3066\u8003\u5bdf\u3057\u307e\u3059\u3002<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/bitcoinke.io\/2025\/03\/lipa-later-fails-to-raise-funds\/\"><img loading=\"lazy\" decoding=\"async\" width=\"574\" height=\"326\" src=\"https:\/\/doublefeather.com\/wp\/wp-content\/uploads\/2025\/04\/\u753b\u50cf1_.png\" alt=\"\" class=\"wp-image-8017\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uff08\u51fa\u6240\uff09BitKE<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-4fc3f8e1 wp-block-group-is-layout-flex\">\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\uff12\uff0eLipa Later\u306e\u7834\u7dbb\u7406\u7531<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2018\u5e74\u306b\u5275\u696d\u3057\u305fLipa Later\u306f\u3001\u4fe1\u7528\u30b9\u30b3\u30a2\u30ea\u30f3\u30b0\u3092\u57fa\u306b\u3001e\u30b3\u30de\u30fc\u30b9\u3084\u5e97\u8217\u3067\u306e\u30b7\u30e7\u30c3\u30d4\u30f3\u30b0\u306b\u304a\u3044\u3066\u3001\u6d88\u8cbb\u8005\u304c\u5373\u6642\u306b\u5546\u54c1\u3092\u53d7\u3051\u53d6\u308a\u306a\u304c\u3089\u4ee3\u91d1\u3092\u6570\u30f6\u6708\u306b\u5206\u3051\u3066\u652f\u6255\u3046\u3053\u3068\u304c\u3067\u304d\u308b\u300c\u5206\u5272\u5f8c\u6255\u3044\uff08Buy Now Pay Later\uff09\u300d\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3059\u308b\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3067\u3059\u3002\u672c\u793e\u306e\u3042\u308b\u30b1\u30cb\u30a2\u306b\u52a0\u3048\u3001\u30a6\u30ac\u30f3\u30c0\u3084\u30eb\u30ef\u30f3\u30c0\u3001\u30ca\u30a4\u30b8\u30a7\u30ea\u30a2\u306b\u3082\u9032\u51fa\u3002\u3053\u308c\u307e\u306710\u30e9\u30a6\u30f3\u30c9\u30fb1660\u4e07\u30c9\u30eb\u306e\u8cc7\u91d1\u8abf\u9054\u3092\u884c\u3063\u3066\u3044\u307e\u3057\u305f\u3002<a href=\"#_ftn1\" id=\"_ftnref1\">[1]<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u73fe\u5730\u3067\u306f\u3001\u540c\u793e\u306e\u7834\u7dbb\u4e8b\u7531\u306f\u3001\u4e3b\u306b\u4ee5\u4e0b\u3068\u898b\u3089\u308c\u3066\u3044\u307e\u3059\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7d99\u7d9a\u7684\u306a\u8cc7\u91d1\u4f9d\u5b58\uff1a\u53ce\u76ca\u5316\u30e2\u30c7\u30eb\u304c\u8106\u5f31\u3067\u3001\u6b21\u306e\u8cc7\u91d1\u8abf\u9054\u3042\u308a\u304d\u306e\u7d4c\u55b6\u3060\u3063\u305f\u3002<\/li>\n\n\n\n<li>\u7518\u3044\u8ca1\u52d9\u7ba1\u7406\uff1a2023\u5e74\u3092\u6700\u5f8c\u306b\u65b0\u898f\u8cc7\u91d1\u8abf\u9054\u304c\u3067\u304d\u305a\u3001\u50b5\u52d9\u3084\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u3001\u5f93\u696d\u54e1\u3078\u306e\u652f\u6255\u3044\u304c\u6ede\u3063\u3066\u3044\u305f\u3002<\/li>\n\n\n\n<li>\u6226\u7565\u30df\u30b9\uff1a\u96e3\u3057\u3044\u8ca1\u52d9\u72b6\u6cc1\u306e\u4e2d1.9\u767e\u4e07\u30c9\u30eb\u3067\u5916\u90e8\u4f01\u696d\uff08Sky.Garden\u3002\u8cc7\u91d1\u96e3\u306b\u9665\u3063\u3066\u3044\u305f\u30b1\u30cb\u30a2\u306eEC\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\uff09\u3092\u8cb7\u53ce\uff0823\u5e7410\u6708\uff09\u3002\u307e\u305f\u3001\u30d7\u30ed\u30c0\u30af\u30c8\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30d5\u30a3\u30c3\u30c8\u304c\u78ba\u8a8d\u3055\u308c\u306a\u3044\u72b6\u614b\u3067\u4ed6\u56fd\u5c55\u958b\u3092\u9032\u3081\u3066\u3044\u305f\u3002<\/li>\n\n\n\n<li>\u30ac\u30d0\u30ca\u30f3\u30b9\u4e0d\u5168\u3068\u98a8\u8a55\u60aa\u5316\uff1a\u53d6\u7de0\u5f79\u4f1a\u306b\u3088\u308b\u7d4c\u55b6\u6539\u5584\u4ecb\u5165\u306e\u5f62\u8de1\u306f\u306a\u304b\u3063\u305f\u3002\u5143\u5e79\u90e8\u3068\u306e\u77e5\u8ca1\u7d1b\u4e89\u304c\u767a\u751f\u3057\u3066\u3044\u305f\u307b\u304b\u3001\u5916\u90e8\u696d\u8005\u3084\u5143\u5f93\u696d\u54e1\u3068\u306e\u6cd5\u7684\u7d1b\u4e89\u304c\u767a\u751f\u3057\u3001\u98a8\u8a55\u304c\u60aa\u5316\u3057\u3066\u3044\u305f\u3002<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-4fc3f8e1 wp-block-group-is-layout-flex\">\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\uff13\uff0e\u30a2\u30d5\u30ea\u30ab\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u5931\u6557\u4e8b\u4f8b<\/strong><\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:60%\">\n<p class=\"wp-block-paragraph\">\u60c5\u5831\u306e\u975e\u5bfe\u79f0\u6027\u306e\u9ad8\u3044\u30a2\u30d5\u30ea\u30ab\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u754c\u9688\u3067\u3001\u5931\u6557\u4e8b\u4f8b\u306e\u60c5\u5831\u53ce\u96c6\u3082\u5bb9\u6613\u3067\u306f\u306a\u3044\u306e\u3067\u3059\u304c\u3001\u4f8b\u3048\u3070\u3001<a href=\"https:\/\/startupgraveyard.africa\/reports\/2024\">2024 Startup Graveyard Report<\/a>\u3067\u306f\u30012023\uff5e24\u5e74\u306b\u304b\u3051\u3066\u30a2\u30d5\u30ea\u30ab\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d729\u793e\u304c\u7834\u7dbb\u3057\u305f\u3068\u307e\u3068\u3081\u3089\u308c\u3066\u3044\u307e\u3059\uff08\u53f3\u306e\u30dc\u30c3\u30af\u30b9\u53c2\u7167\uff09\u3002\u7279\u306b\u3001\u30ca\u30a4\u30b8\u30a7\u30ea\u30a2\uff0816\u793e\u300254Gene\u306a\u3069\uff09\u3001\u30b1\u30cb\u30a2\uff087\u793e\u3002Copia Global\u306a\u3069\uff09\u3067\u306e\u7834\u7dbb\u304c\u76ee\u306b\u3064\u304d\u307e\u3059\u3002\u540c\u30ec\u30dd\u30fc\u30c8\u306b\u3088\u308b\u3068\u30012024\u5e74\u306b\u7834\u7dbb\u3057\u305f\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u4e3b\u8981\u306a\u7406\u7531\u306f\u3001\u2460\u8cc7\u91d1\u8abf\u9054\u306e\u5931\u6557\uff0845\uff05\uff09\u3001\u2461product-market fit\uff0845\uff05\uff09\u3001\u2462\u8ca1\u52d9\u4e0a\u306e\u56f0\u96e3\uff0818\uff05\uff09\u3001\u2463\u30b3\u30f3\u30d7\u30e9\uff089\uff05\uff09\u3001\u2463\u898f\u5236\uff089\uff05\uff09\uff0d\u304c\u6319\u3052\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/startupgraveyard.africa\/reports\/2024\"><img loading=\"lazy\" decoding=\"async\" width=\"1182\" height=\"797\" src=\"https:\/\/doublefeather.com\/wp\/wp-content\/uploads\/2025\/04\/\u753b\u50cf2_.png\" alt=\"\" class=\"wp-image-8018\"\/><\/a><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-4fc3f8e1 wp-block-group-is-layout-flex\">\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\uff14\uff0e\u5931\u6557\u306e\u7406\u7531\u3068\u30a2\u30d5\u30ea\u30ab\u6295\u8cc7\u3078\u306e\u6559\u8a13<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u73fe\u5730\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u30fb\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u3067\u306e\u8b70\u8ad6\u304b\u3089\u6d6e\u304b\u3073\u4e0a\u304c\u3063\u3066\u304d\u305f\u30a2\u30d5\u30ea\u30ab\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u5931\u6557\u7406\u7531\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002\u305d\u308c\u3089\u3092\u8e0f\u307e\u3048\u3001\u4eca\u5f8c\u306e\u6295\u8cc7\u3078\u306e\u6559\u8a13\u3092\u8003\u5bdf\u3057\u3066\u307f\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u5931\u6557\u7406\u7531<\/strong><\/td><td colspan=\"2\">\u6559\u8a13<\/td><\/tr><tr><td><strong>\u7d99\u7d9a\u7684\u306a\u8cc7\u91d1\u8abf\u9054\u3078\u306e\u4f9d\u5b58\u3068\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u8106\u5f31\u6027<\/strong><\/td><td>Funding Winter\u306b\u8010\u3048\u3089\u308c\u308b\u304b<\/td><td>\u7d99\u7d9a\u7684\u306a\u8cc7\u91d1\u8abf\u9054\u3092\u524d\u63d0\u3068\u3057\u3066\u3044\u308b\u5834\u5408\u3001\u8cc7\u91d1\u8abf\u9054\u304c\u6ede\u3063\u305f\u5834\u5408\u306b\u5099\u3048\u5b9f\u884c\u53ef\u80fd\u306aPlan B\u304c\u3067\u304d\u3066\u3044\u308b\u304b\u3002\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u7ba1\u7406\u306f\u5341\u5206\u3067\u304d\u3066\u3044\u308b\u304b\u3002<\/td><\/tr><tr><td><strong>\u30a2\u30d5\u30ea\u30ab\u5e02\u5834\u306e\u8907\u96d1\u6027\u3068\u30d5\u30e9\u30a4\u30f3\u30b0<\/strong><\/td><td>\u4ed6\u56fd\u5c55\u958b\u306f\u5341\u5206\u6e96\u5099\u304c\u3067\u304d\u3066\u3044\u308b\u306e\u304b<\/td><td>\u898f\u5236\u30fb\u30a4\u30f3\u30d5\u30e9\u30fb\u901a\u8ca8\u30fb\u56fd\u6c11\u6027\u306a\u3069\u3001\u30a2\u30d5\u30ea\u30ab\u5404\u56fd\u306e\u591a\u69d8\u6027\u306f\u60f3\u50cf\u4ee5\u4e0a\u3002\u4e00\u3064\u306e\u56fd\u3067\u3046\u307e\u304f\u3044\u3063\u305f\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u304c\u3001\u4ed6\u306e\u56fd\u3067\u3046\u307e\u304f\u3044\u304f\u3068\u306f\u9650\u3089\u306a\u3044\u3002\u30d7\u30ed\u30c0\u30af\u30c8\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30d5\u30a3\u30c3\u30c8\u3092\u78ba\u8a8d\u3057\u306a\u304c\u3089\u306e\u4ed6\u56fd\u5c55\u958b\u304c\u3067\u304d\u3066\u3044\u308b\u304b\u3002<\/td><\/tr><tr><td><strong>\u30cf\u30a4\u30ea\u30b9\u30af\u30fb\u30b9\u30ed\u30fc\u30ea\u30bf\u30fc\u30f3<\/strong><\/td><td>\u9577\u671f\u6226\u306e\u899a\u609f\u3001\u6bb5\u968e\u7684\u6295\u8cc7<\/td><td>\u30a4\u30f3\u30d5\u30a9\u30fc\u30de\u30eb\u30bb\u30af\u30bf\u30fc\u3092\u542b\u3080\u4f4e\u6240\u5f97\u6d88\u8cbb\u8005\u3092\u76f8\u624b\u306b\u3059\u308b\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306f\u3001\u4f4e\u8cfc\u8cb7\u529b\u30fb\u4f4e\u30de\u30fc\u30b8\u30f3\u30fb\u30b7\u30e7\u30c3\u30af\u3078\u306e\u8106\u5f31\u6027\u306a\u3069\u306b\u3088\u308a\u3001\u30c6\u30a4\u30af\u30aa\u30d5\u306b\u3088\u308a\u9577\u3044\u6642\u9593\u3092\u8981\u3059\u308b\u3002\u6210\u679c\u3092\u898b\u3064\u3064\u3053\u307e\u3081\u306a\u6bb5\u968e\u7684\u30d5\u30a9\u30ed\u30fc\u30aa\u30f3\u6295\u8cc7\u3082\u8981\u691c\u8a0e\u3002<\/td><\/tr><tr><td><strong>\u4e00\u90e8\u30bb\u30af\u30bf\u30fc\u3067\u306e\u904e\u5bc6\u306a\u7af6\u4e89<\/strong><\/td><td>\u7af6\u5408\u3068\u306e\u5dee\u5225\u5316<\/td><td>\u5dee\u5225\u5316\u304c\u3067\u304d\u306a\u3044\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306f\u5bb9\u6613\u306b\u6fc0\u3057\u3044\u7af6\u5408\u306b\u3055\u3089\u3055\u308c\u308b\u3002<\/td><\/tr><tr><td><strong>\u6d77\u5916VC\u3068\u73fe\u5730\u7406\u89e3\u3068\u306e\u30ae\u30e3\u30c3\u30d7<\/strong><\/td><td>\u30ed\u30fc\u30ab\u30eb\u6295\u8cc7\u5bb6\u306e\u5b58\u5728<\/td><td>\u56fd\u969b\u7684\u306aVC\u6295\u8cc7\u5bb6\u306f\u73fe\u5730\u306e\u30c0\u30a4\u30ca\u30df\u30af\u30b9\u306e\u7406\u89e3\u304c\u4f4e\u3044\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002 \u307e\u305f\u3001\u9ad8\u540d\u306a\u56fd\u969bVC\u304c\u30ea\u30fc\u30c9\u6295\u8cc7\u5bb6\u306e\u5834\u5408\u3001\u4ed6\u306e\u6295\u8cc7\u5bb6\u306e\u5be9\u67fb\uff08DD\uff09\u304c\u7518\u304f\u306a\u308b\u50be\u5411\u3082\u898b\u3089\u308c\u308b\u3002<\/td><\/tr><tr><td><strong>\u30d7\u30ed\u30c0\u30af\u30c8\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30d5\u30a3\u30c3\u30c8\u306e\u5909\u5316<\/strong><\/td><td>\u5909\u5316\u3078\u306e\u67d4\u8edf\u306a\u5bfe\u5fdc\u30fbpivot<\/td><td>\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306b\u3068\u3063\u3066\u30d7\u30ed\u30c0\u30af\u30c8\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30d5\u30a3\u30c3\u30c8\uff08PMF\uff09\u306fmoving target\u3002\u30b9\u30b1\u30fc\u30eb\u3059\u308b\u306b\u3064\u308c\u5909\u5316\u3059\u308bPMF\u306b\u5408\u308f\u305b\u305fpivot\u304c\u3069\u3053\u307e\u3067\u67d4\u8edf\u306b\u3067\u304d\u308b\u304b\u3002<\/td><\/tr><tr><td><strong>\u30ac\u30d0\u30ca\u30f3\u30b9\u306e\u6b20\u5982<\/strong><\/td><td>\u7d4c\u55b6\u30c8\u30e9\u30d6\u30eb\u306b\u3088\u308b\u7834\u7dbb\u62e1\u5927<\/td><td>\u521d\u671f\u6bb5\u968e\u304b\u3089\u76e3\u7763\u4f53\u5236\u3092\u3069\u3046\u69cb\u7bc9\u3067\u304d\u3066\u3044\u308b\u304b\u3002<\/td><\/tr><tr><td><strong>\u30de\u30af\u30ed\u30b7\u30e7\u30c3\u30af\u3001\u898f\u5236\u30ea\u30b9\u30af\u306e\u9855\u5728\u5316<\/strong><\/td><td>\u653f\u7b56\u30fb\u898f\u5236\u30ea\u30b9\u30af\u3078\u306e\u30ec\u30b8\u30ea\u30a8\u30f3\u30b9<\/td><td>\u30b1\u30cb\u30a2\u306b\u304a\u3051\u308b\u30c7\u30b8\u30bf\u30eb\u7a0e\u5c0e\u5165\u3084\u30e2\u30d0\u30a4\u30eb\u9001\u91d1\u30fb\u6c7a\u6e08\u3078\u306e\u7269\u54c1\u7a0e\u306e\u5ea6\u91cd\u306a\u308b\u5909\u66f4\u306a\u3069\u3001\u653f\u7b56\u5909\u66f4\u306e\u5f71\u97ff\u306f\u5927\u304d\u3044\u3002\u3053\u3046\u3057\u305f\u5909\u66f4\u3092\u3069\u3053\u307e\u3067\u8a31\u5bb9\u3067\u304d\u308b\u304b\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-4fc3f8e1 wp-block-group-is-layout-flex\">\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\uff15\uff0e\u7d42\u308f\u308a\u306b<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a2\u30d5\u30ea\u30ab\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u30fb\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3067\u306f\u30012023\u5e74\u4ee5\u6765\u3001\u53b3\u3057\u3044\u8cc7\u91d1\u8abf\u9054\u74b0\u5883\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002\u30a2\u30d5\u30ea\u30ab\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306f\u3001\u5e02\u5834\u306b\u3088\u308b\u6d17\u793c\u3092\u53d7\u3051\u3066\u3044\u308b\u3068\u3082\u8a00\u3048\u3001\u78ba\u7acb\u3057\u305f\u53ce\u76ca\u30e2\u30c7\u30eb\u3001\u624b\u5805\u3044\u7d4c\u55b6\u6226\u7565\u3001\u30b7\u30e7\u30c3\u30af\u3078\u306e\u30ec\u30b8\u30ea\u30a8\u30f3\u30b9\u306a\u3069\u3092\u517c\u306d\u5099\u3048\u306a\u3044\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306b\u3068\u3063\u3066\u306f\u3001\u8db3\u5143\u3092\u3059\u304f\u308f\u308c\u304b\u306d\u306a\u3044\u30ea\u30b9\u30af\u304c\u62e1\u5927\u3057\u3066\u3044\u308b\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3046\u3057\u305f\u74b0\u5883\u306e\u5909\u5316\u306f\u3001\u6295\u8cc7\u5bb6\u3068\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3068\u306e\u95a2\u4fc2\u6027\u306b\u3082\u5909\u5316\u3092\u3082\u305f\u3089\u3057\u3064\u3064\u3042\u308a\u307e\u3059\u3002\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u4e2d\u306b\u306f\u3001\u6295\u8cc7\u5bb6\u306b\u5bfe\u3057\u3001\u3053\u308c\u307e\u3067\u4ee5\u4e0a\u306b\u3001\u30e1\u30f3\u30bf\u30fc\u30b7\u30c3\u30d7\u30fb\u30ac\u30d0\u30ca\u30f3\u30b9\u652f\u63f4\u30fb\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u5f62\u6210\u3068\u3044\u3046\u9762\u3067\u306e\u30b5\u30dd\u30fc\u30c8\u3092\u6c42\u3081\u308b\u52d5\u304d\u304c\u898b\u3089\u308c\u3066\u304d\u3066\u3044\u307e\u3059\u3002\u4ed6\u65b9\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3082\u3001\u3053\u308c\u307e\u3067\u4ee5\u4e0a\u306b\u614e\u91cd\u306a\u6295\u8cc7\u5224\u65ad\u3092\u8feb\u3089\u308c\u308b\u3068\u3068\u3082\u306b\u3001\u30ea\u30b9\u30af\u3092\u4f4e\u6e1b\u3055\u305b\u308b\u305f\u3081\u306e\u30cf\u30f3\u30ba\u30aa\u30f3\u652f\u63f4\u306e\u30cb\u30fc\u30ba\u304c\u62e1\u5927\u3057\u3066\u3044\u308b\u307b\u304b\u3001\u4e07\u4e00\u306b\u5099\u3048\u3066\u306e\u30ea\u30b9\u30af\u5206\u6563\u578b\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u7d44\u3093\u3067\u3044\u304f\u91cd\u8981\u6027\u3082\u5897\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">DFP\u306f\u3001\u65e5\u672c\u306e\u4e8b\u696d\u4f1a\u793e\u3068\u30a2\u30d5\u30ea\u30ab\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3068\u306e\u9023\u643a\u3092\u30cf\u30f3\u30ba\u30aa\u30f3\u3067\u63a8\u9032\u30fb\u6df1\u5316\u3055\u305b\u308b\u3053\u3068\u3067\u3001\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30a2\u30af\u30bb\u30e9\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u901a\u3058\u305f\u30a2\u30d5\u30ea\u30ab\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u6210\u9577\u3084\u4e8b\u696d\u4fa1\u5024\u306e\u5411\u4e0a\u3092\u652f\u63f4\u3059\u308b\u3068\u3068\u3082\u306b\u3001\u305d\u3046\u3057\u305f\u4f01\u696d\u3092\u6295\u8cc7\u5bfe\u8c61\u3068\u3059\u308b\u30d5\u30a1\u30f3\u30c9\u7d44\u6210\u3092\u901a\u3058\u3066\u306e\u30ea\u30b9\u30af\u7ba1\u7406\u306b\u3082\u53d6\u308a\u7d44\u3093\u3067\u3044\u304d\u307e\u3059\u3002<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group has-background\" style=\"background-color:#d5d5d5\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"wp-block-paragraph\">\uff1c\u304a\u554f\u3044\u5408\u308f\u305b\u5148\uff1e<br>\u682a\u5f0f\u4f1a\u793eDouble Feather Partners\u3000\u6226\u7565\u4f01\u753b\u30fb\u8abf\u67fb\u90e8\u3000\uff1c<a href=\"mailto:insight@doublefeather.com\">insight@doublefeather.com<\/a>\uff1e<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-4fc3f8e1 wp-block-group-is-layout-flex\">\n<p class=\"wp-block-paragraph\"><strong>\u514d\u8cac\u4e8b\u9805\uff5cDisclaimer<\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\">\u672c\u8cc7\u6599\u306f\u3001\u60c5\u5831\u63d0\u4f9b\u306e\u307f\u3092\u76ee\u7684\u3068\u3057\u3066\u682a\u5f0f\u4f1a\u793eDouble Feather Partners\u304c\u4f5c\u6210\u3057\u305f\u3082\u306e\u3067\u3042\u308a\u3001\u7279\u5b9a\u306e\u8a3c\u5238\u3001\u91d1\u878d\u5546\u54c1\u3001\u6295\u8cc7\u6226\u7565\u306e\u8cfc\u5165\u3001\u58f2\u5374\u3001\u4fdd\u6709\u7b49\u3092\u52e7\u8a98\u30fb\u63a8\u5968\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u307e\u305f\u3001\u672c\u8cc7\u6599\u306b\u542b\u307e\u308c\u308b\u610f\u898b\u3001\u4e88\u6e2c\u3001\u898b\u89e3\u7b49\u306f\u4f5c\u6210\u6642\u70b9\u306b\u304a\u3051\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u4e8b\u524d\u306e\u901a\u77e5\u306a\u3057\u306b\u5909\u66f4\u3055\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u8a18\u8f09\u3055\u308c\u305f\u5185\u5bb9\u306e\u6b63\u78ba\u6027\u30fb\u5b8c\u5168\u6027\u306b\u3064\u3044\u3066\u306f\u4e07\u5168\u3092\u671f\u3057\u3066\u304a\u308a\u307e\u3059\u304c\u3001\u305d\u306e\u4fdd\u8a3c\u3092\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6295\u8cc7\u306b\u95a2\u3059\u308b\u6700\u7d42\u5224\u65ad\u306f\u3001\u8aad\u8005\u3054\u81ea\u8eab\u306e\u5224\u65ad\u3068\u8cac\u4efb\u306b\u304a\u3044\u3066\u884c\u3063\u3066\u3044\u305f\u3060\u304f\u3088\u3046\u304a\u9858\u3044\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\">This document has been prepared by Double Feather Partners Inc. solely for informational purposes and does not constitute an offer, solicitation, or recommendation to purchase, sell, or hold any specific securities, financial products, or investment strategies. The opinions, forecasts, and views expressed herein reflect the judgment of the author(s) at the time of publication and are subject to change without notice. While efforts have been made to ensure the accuracy and completeness of the information contained in this report, no guarantee is provided. Readers are advised to make investment decisions at their own discretion and responsibility.<\/p>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"#_ftnref1\" id=\"_ftn1\">[1]<\/a> \u6295\u8cc7\u5bb6\u306f\u3001Cauris Finance\u3001GreenHouse Capital\u3001Lateral Frontiers VC\u3001Resilience17\u3001SOSV\u3001UNCOVERED FUND\u306a\u3069\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"featured_media":8019,"template":"","class_list":["post-8016","insight","type-insight","status-publish","has-post-thumbnail","hentry","ja"],"acf":[],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"_links":{"self":[{"href":"https:\/\/doublefeather.com\/wp-json\/wp\/v2\/insight\/8016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/doublefeather.com\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/doublefeather.com\/wp-json\/wp\/v2\/types\/insight"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/doublefeather.com\/wp-json\/wp\/v2\/media\/8019"}],"wp:attachment":[{"href":"https:\/\/doublefeather.com\/wp-json\/wp\/v2\/media?parent=8016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}