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GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

Companies that have leveraged technology to make the procurement and delivery of food more accessible to more people have been seeing a big surge of business this year, as millions of consumers are encouraged (or outright mandated, due to Covid-19) to socially distance or want to avoid the crowds of physical shopping and eating excursions.

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10 Metrics To Drive Your Annual Business Review

Startup Professionals Musings

As the end of the year approaches, it’s a good time for every startup to assess the metrics, technology, and platforms they’re using to manage the business. Cost of customer acquisition. Customer acquisition cost is calculated by dividing total acquisition expenses by total new customers over a given period.

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5 Phases Of Every Startup That Regulate Your Success

Startup Professionals Musings

By definition, most startups begin as a result of some innovation in product, process, or service. It’s a volatile period for every company, where most struggle with getting commercial and technological traction, usually based on a single product or service. Consider MySpace and Webvan. Geographic expansion.

Startup 142
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Why Entrepreneurs Should Be Respected More Than Loved

Both Sides of the Table

The “span of control” for a growing tech startup is probably 6-9 people. This is when your job function truly starts to match the definition of “leader” because that’s exactly what your role is. You help them prioritize their objectives and review the results. You set direction. You course correct.

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8 Tips For Quantifying Traction In Your New Venture

Startup Professionals Musings

What is the definition of traction for a business startup today? Investors are wary of initial surges due to friends, family, and early adopters, so sustainable growth rates over time are key. Build an experienced technical and executive team. Count connections with experts, media, and influencers.

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Be Honest About Whether Your Product Really Makes a Difference

Both Sides of the Table

The law of large numbers, platforms that can make your company blow up unexpectedly and the trendy nature of tech markets can be deceiving. Or app companies that went viral due to spammy friend requests to download in an app store only to have a community backlash and subsequent crash. Success for many is ephemeral.

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5 Lifecycle Stages Of A New Venture Test Your Culture

Startup Professionals Musings

By definition, most startups begin as a result of some innovation in product, process, or service. It’s a volatile period for every company, where most struggle with getting commercial and technological traction, usually based on a single product or service. Consider MySpace and Webvan. Geographic expansion.

Startup 89