TechCrunch LA

SEPTEMBER 21, 2019

The company is actually based out of LA, too, but has completed its initial launch in Minnesota, where there’s greater demand for short-term bus travel. A traveler pays Sun Country one fixed price to get them from the bus pick-up point to their final destination. Online personal shopping service Lookiero gets $19M.

Services 207

Services Startup Venture Capital Redpoint 207

InfoChachkie

JANUARY 21, 2019

Other Supreme apparel sells in the aftermarket for hundreds more than their retail prices, including box logo hoodies which typically sell for between $500 – $1,000. A Veblen good does not adhere to the traditional laws of price and demand. Fashion companies usually ramp production, as demand increases.

Demand 160

Demand Pricing Product Equity 160

TechCrunch LA

SEPTEMBER 13, 2021

When people talk about “online food delivery” services, chances are that they’ll think of the Uber Eats, Instacarts and Getirs of this world. The funding is coming from a wide mix of investors. The funding is coming from a wide mix of investors.

Startup 249

Startup Platform Software Los Angeles 249

TechCrunch LA

MAY 3, 2022

Obviously, there’s a huge demand for it, and it shouldn’t be this difficult to access high-quality convenient hair solutions.”. The other side of the business is a new monthly subscription service for stylists that helps them market their handcrafted wigs, beauty and other digital products and services.

Tool 179

Tool Customer Custom Marketing 179

Both Sides of the Table

JUNE 28, 2018

My friend Michael Broukhim, founder & co-CEO of FabFitFun and I recently had a catch-up meeting for 3-miles on the Santa Monica “Bird Trail” No company has ever elicited so many questions by friends, colleagues, entrepreneurs, fellow VCs and journalists as has Bird, the company that pioneered the electronic scooter as a service market.

Santa Monica 256

Santa Monica Funding Startup Course 256

socalTECH

JUNE 25, 2013

Los Angeles-based TheBouqs (www.thebouqs.com) thinks so, with its new, cut-to-order online flower delivery service for the iPad generation. The third part of this is the subscription service we offer. What are the details on your seed funding? There are lots of online flower delivery services, in a pretty established market.

Services 215

Services Technical Review Startup Pricing 215

TechCrunch LA

JUNE 18, 2022

This week, we saw the interconnectedness of major institutions as crypto lending protocol Celsius stuttered and brought down Ethereum prices with it as investors feared a price collapse brought on by reportedly over-leveraged players like 3 Arrows Capital. As Celsius accelerates the crypto sell-off, who pays the price?

Newsletter 278

Newsletter Platform Capital Marketing 278

Both Sides of the Table

APRIL 25, 2011

There’s a line of thinking in Silicon Valley that you should build product businesses rather than services businesses. It’s nearly impossible to get a services company financed by VCs. Why Shouldn’t Most Services Businesses Raise VC? Why Build a Services Business in the First Place?

Services 332

Services Venture Capital IP Startup 332

Startup Professionals Musings

OCTOBER 16, 2023

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping.

Startup 116

Startup Pricing Sales Statistics 116

Startup Professionals Musings

DECEMBER 17, 2022

Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Prices begin to decline quickly. The first customers are early adopters who are the least price-sensitive. An expanding customer base demands better support.

Startup 106

Startup Pricing Cloud Computing Customer 106

Tech.Co

DECEMBER 29, 2023

As investors continue pouring funding into artificial intelligence and consumer habits shift, many AI and subscription model startups have been enjoying rapid growth. Source: runwayml.com In June, Runway raised $141 million in funding, nudging its market valuation to an envy-inducing $1.5 Organic milk formula product Bobbie.

Startup 210

Startup Generative AI Newsletter Tool 210

Startup Professionals Musings

MAY 29, 2023

In my view, this focus on the wrong skill set is the primary reason why over half of new businesses fail in the first five years, and only one out of a hundred startups get their requested funding from professional investors. They demand interactive relationships with you, and depend on the relationships you have with their friends.

Startup 154

Startup Sales Entrepreneur Customer 154

Xconomy

MAY 1, 2019

The on-demand delivery war in retail is on. In its quarterly earnings call Thursday, Amazon (NASDAQ: AMZN ) announced it would switch to one-day shipping for Prime members, halving the time the 100 million-plus people who subscribe to the service must wait before receiving their purchases. Amazon’s stock price rose by 2.5

Commerce 84

Commerce Pricing Startup Demand 84

TechCrunch LA

MARCH 31, 2021

The sweeping infrastructure package put forward today by President Joe Biden comes with a price tag of roughly $2 trillion (and hefty tax hikes) but gives startups and the broader tech industry about $1 trillion worth of reasons to support it. ” Climate resiliency . Given the steady drumbeat of climate disasters that hit the U.S.

Startup 229

Startup Technical Review Invest Research 229

Tech.Co

OCTOBER 27, 2023

Who Owns Anthropic, and Who Funds It? An Intro to the Chatbot 8 Questions with Claude [Test] Claude Pricing & Tokens Explained Claude 2 and ChatGPT: Key Differences Should You Use Claude AI? Who Owns Anthropic, and Who Funds it? You'll also see how Claude differs from ChatGPT in key areas. What is Anthropic AI?

ChatGPT 139

ChatGPT Artificial Inteligence Training Startup 139

socalTECH

APRIL 19, 2011

Los Angeles-based Goldstar , the half price ticketing and event promotion service, has tapped Matt Coffin , Sean Moriarty , and Neil Patrick Harris as advisors, the company said Tuesday. The company offers up half-price tickets and other promotions on events, helping venues to fill up seats and get the word out about upcoming events.

CitySearch 170

CitySearch Ticketmaster Pricing Demand 170

Startup Professionals Musings

MARCH 20, 2020

Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Prices begin to decline quickly. The first customers are early adopters who are the least price-sensitive. An expanding customer base demands better support.

Pricing 123

Pricing Cloud Computing Customer Custom 123

Startup Professionals Musings

NOVEMBER 13, 2021

Even if the goods and services are changing hands as gifts, or the revenue motive exists only to make services sustainable, the economic value is evident. Community means more than supply and demand. One consequence of the new sharing business model is that goods become services. Where and when is all this leading?

Resource 126

Resource Commerce Social Media Platform 126

Startup Professionals Musings

JANUARY 16, 2022

Most startups and investors I know don’t have unlimited funds, so the first question they should ask and do ask today, is “When is your company going to be profitable (self-sustaining)?” You might sell one of two of your widgets for $1 million each, entering profitability immediately, but then die because you can’t grow sales at that price.

Platform 118

Platform Snapchat Startup Course 118

Both Sides of the Table

FEBRUARY 7, 2013

He had an idea for a startup that would help consumers better book service jobs and would take on Service Magic, which he believed had a business model that could be disrupted. We generally have a policy to only fund entrepreneurs once the first version of a product has shipped or it near to shipping. He was seeking $500k.

CTO Coach 359

CTO Coach Google CTO Hire Yammer 359

socalTECH

FEBRUARY 23, 2011

Pasadena-based Foodme (www.foodme.com) is one of the first, external startups funded out of Idealab's New Venture Group, and is looking to help connect restaurants with customers using a CPA model. What do people find is the most useful part of your service? How savvy are restaurants to using an online service like yours?

Idealab 217

Idealab Pasadena Pasadena Angels Demand 217

Startup Professionals Musings

APRIL 28, 2021

I recommend a trial run with an experiment or MVP (minimum viable product), at full price and cost, before the big bang launch, risking your investment money and a major time commitment. Growing too fast kills many new ventures, due to staffing costs, inventory, and funding delays. Mergers and acquisitions also require new skills.

Technical Review 131

Technical Review Case Study Mentor Software Review 131

Tech.Co

MAY 11, 2022

But according to business owners involved, the program has recently been approved for greater funding and is set to exit its pilot phase over the coming months. Previously, Amazon relied on postal partners like UPS and the US Postal Service to carry out their rural orders. When this price is broken down, it equates to around $2.50

Commerce 103

Commerce Newsletter Report Demand 103

Startup Professionals Musings

FEBRUARY 7, 2012

Too many entrepreneurs develop a new product without regard to market demand, then build an entire strategy based on creating a need, rather than acting on an existing market need. These don’t get funded. Measure the major pain points in time or dollars, based on feedback from intended users of your product or service.

Technology 91

Technology Funding Competition Entrepreneur 91

Startup Professionals Musings

SEPTEMBER 6, 2020

In my view, this focus on the wrong skill set is the primary reason why over half of new businesses fail in the first five years, and only one out of a hundred startups get their requested funding from professional investors. They demand interactive relationships with you, and depend on the relationships you have with their friends.

Entrepreneur 134

Entrepreneur Startup Sales Customer 134

socalTECH

MAY 6, 2019

To fix that problem, Los Angeles-based Coozie (coozieoudoors.com) offers up a different optiona way to rent gear at a fraction of purchase price. We partner with premium outdoor brands, and rent equipment at 15 percent of the retail price. We allow them to get access to that gear at a fraction of that price. What do you do?

Startup 113

Startup Los Angeles Pricing Demand 113

Tech.Co

JANUARY 3, 2022

SoLo Funds. Jeenie is looking to fix this problem by supplying language interpreters on demand. As Jeenie expands, you can be sure that they'll add more languages and services to their repertoire. They're selling 3D printers, but not at the outrageous prices that they used to be known for. And now we've gotten used to it.

Startup 200

Startup Invest FAQ Examples 200

Both Sides of the Table

JUNE 9, 2013

As I outlined in my talk, I believe the greatest Internet companies created over the past 15 years have been “deflationary” meaning they are driving down the prices or goods & services. Declining prices & margins in a small market is much less interesting. Prices down. Network Up. But what else?

Marketing 361

Marketing Course Pricing Networking 361

Startup Professionals Musings

JUNE 25, 2021

Ask some potential customers to see if there is real interest, and start thinking about price versus cost. Be wary of crafty shysters who will flood your mailbox with official-looking mail offering to help for a fee, or demanding fees you forgot to pay. Look hard at the technology for feasibility and risk.

Ideas 136

Ideas Entrepreneur Mentor Resource 136

Startup Professionals Musings

NOVEMBER 1, 2015

Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Prices begin to decline quickly. The first customers are early adopters who are the least price-sensitive. An expanding customer base demands better support.

Startup 116

Startup Pricing Cloud Computing Customer 116

Startup Professionals Musings

FEBRUARY 2, 2019

Even if the goods and services are changing hands as gifts, or the revenue motive exists only to make services sustainable, the economic value is evident. Community means more than supply and demand. One consequence of the new sharing business model is that goods become services. Where and when is all this leading?

Commerce 98

Commerce Social Media Platform Class 98

Startup Professionals Musings

NOVEMBER 17, 2010

Too many entrepreneurs develop a new product without regard to market demand, then build an entire strategy based on creating a need, rather than acting on an existing market need. These don’t get funded. Measure the major pain points in time or dollars, based on feedback from intended users of your product or service.

Funding 88

Funding Entrepreneur Competition Pricing 88

Both Sides of the Table

FEBRUARY 28, 2018

If a consumer will pay a fixed price for a product or service then the battle over who gets the margin in any sale is between the person who merchandises a product and the person who manufactures it. There has always been tension between CPG (consumer packaged goods) companies and the retailers who sell their products to consumers.

Product 296

Product Course Customer Custom 296

Both Sides of the Table

FEBRUARY 24, 2016

million in funding on TechCrunch led by Harmony Partners and Upfront Ventures to double its footprint of 3 cities (New York, Chicago & Washington DC) to 6 in 2016. We raised this capital in what has increasingly become a difficult market for fund raising so I’d like to share with you some details on how we get it done.

Startup 150

Startup Pricing Marketing Product 150

socalTECH

DECEMBER 28, 2017

We are seeing SaaS companies more and more are competing against other SaaS companies and experiencing more churn, price resistance and customer demand for customization. He has been an angel investor in over 50 tech companies, is an LP in 5 seed funds and has served on over a dozen venture-backed boards.

Capital 124

Capital Southern California SaaS SoCal 124

Startup Professionals Musings

AUGUST 7, 2020

In the short term you need customers to find you at any price, and in the longer term you need revenue, profit, and return loyalty. Even a million users on your social media site won’t pay the bills until you sell some advertising or a premium service. Cote, former Chairman and CEO of Honeywell.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

Both Sides of the Table

NOVEMBER 4, 2010

Let me start with Professor Christensen’s definition: “An innovation that is disruptive allows a whole new population of consumers access to a product or service that was historically only accessible to consumers with a lot of money or a lot of skill.&#. They are radically lower in price. So what did happen?

Startup 376

Startup Framework Marketing Customer 376