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This post is part of my series “ Startup Lessons &#. Elephants, Deer and Rabbits – Some thoughts on start-up segmentation. I know that this advice won’t apply to every possible startup – but I think it applies to many. So when I started my first company I naturally went for elephants.
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?
In startup-land, however, the presumptions about where housing demand is going looks a bit different. Home sharing is on the rise, along with more temporary lease options, high-touch service and smaller spaces in sought-after urban locations. By the same token, today’s shared housing startups are selling another vision.
Santa Monica-based Washio , the venture-backed, on-demand laundry startup, has shut down, according to the company. The company said that it will be shutting down its operations, as of Aug 29., and returning orders to customers. The company did not say why it decided to shut down.
Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Canoo said it will provide engineering services to develop the electric platform.
In the latest, smartphone-driven, on-demandservice to hit the Los Angeles area, Zeel says it has launched into the Los Angeles area, and has begun offering up same day, in-home massages from licensed therapists in the area.
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venture capital. Before I jump into today’s topic, let’s catch up a bit. Last week, I profiled an e-commerce startup Part & Parcel. Startup Spotlight: Landline. IPO Update.
Ross Lipson, the chief executive officer and co-founder of the on-demand marijuana and cannabis delivery service, Dutchie, had thought he was done with the online delivery business. But with online delivery services, a whole city’s worth of restaurant options opened up to consumers (as long as they were in your delivery area).
A new, Los Angeles startup, Dentulu , is hoping to make it easier for you to handle dental care--saying it wants to allow patients to book a dental appointment much like they might book a ride on Uber. The company says its servicesstart at $299. Too busy to bother with a visit to the dentist? READ MORE>>.
an on-demand repair app for electric vehicle charging stations, has seen these issues firsthand. Demand for ChargerHelp’s service has attracted customers and investors. This round values the startup, which was founded in January 2020, at $11 million post-money. Powering up. The company said it has raised $2.75
An edtech startup called Entity Academy — which provides women with training, in areas like data science and software development; mentoring; and ultimately job coaching — has raised $100 million on the heels of strong growth of its business, and an ambition to improve that ratio.
Los Angeles-based Scoobeez , a new startup offering up on-demand, door-to-door logistics and delivery services, says it is expanding its services across Los Angeles. According to the startup, it is expanding into four key locations in Los Angeles. Scoobeez is ledby foudner and Ceo Shahan Ohanessian.
A little over a year after its graduation from Y Combinator’s demo day, the on-demand construction materials delivery service Curri is beginning to offer its services in all 50 states. “ We provide a solution for them to flex up or down and save money.”
Reducing consumption by expanding the notion of the rental economy and giving people access to tools and equipment has been something of a startup holy grail for some time. ” The only thing the manufacturer provides is the products and some servicing starter kit so that The Shed and its employees can manage and maintain the product.
Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. Innovate In the early years of a startup there is a lot of kinetic energy of enthusiastic innovators looking to launch a product that changes how an industry works.
Photo by Vanna Phon on Unsplash Customer acquisition is the lifeblood of many startups from e-commerce to gaming to marketplace companies, among others. Most of these startups spend the lion’s share of their marketing budget in today’s social media channels: Facebook, Twitter, Reddit, Snap, TikTok and so on because?—?no no surprise?—?that’s
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. We''ll remind the client that the date is coming up, and then auto-ship and auto-deliver flowers for those dates. million round.
Crowdfunder , the Los Angeles startup led by CHance Barnett, has launched another crowdfunding event aimed at the local industry, saying Wednesday that it has launched CROWDIMPACT LA , a pitching competition which will award $20,000 in a top prize to a winning social enterprise company. Deadline for entry is March 28th. READ MORE>>.
Postmates is now rolling out what could be the biggest update to the company’s service in a long time — adding a retail option for users to shop local stores and for local merchants to set up a virtual on-demand storefront in the app. In fact, the online analytics service eMarketer projected a 10.5%
Shuttle startup Via and the city of Cupertino are launching an on-demand public transportation network, the latest example of municipalities trying out alternatives to traditional buses. The on-demand shuttle service, which begins October 29, will eventually grow to 10 vehicles and include a wheelchair-accessible vehicle.
2023 hasn't been an easy year to be a startup. In fact, according to Crunchbase more than 212 startups closed their shutters in the third fiscal quarter alone – the highest number recorded in the firm's history. Yet, while many early-stage startups crumbled under the pressure, diamonds also emerged.
seems like an unlikely place to grow one of the next billion-dollar startups in the booming Los Angeles tech ecosystem. But it’s here in the (other) Valley’s southernmost edge that investors have found a startup they consider to be the next potential billion-dollar “unicorn” that will come out of Los Angeles.
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.&#. Let’s start with the incumbents position in a market.
It’s the company that evokes fear into more startups and venture capitalists looking to fund eCommerce businesses than any other potential competitor. He would pick up stuff from your apartment and bring it to storage for you and he could save money by having that facility be off site. And could we then compete?”
Google raised the curtain with a splashy announcement that they’d be setting up their fifth cloud region in the U.S. ” There’s a lot at stake for Microsoft, Google and Amazon as entertainment companies look to migrate to managed computing services. in Los Angeles.
Having the best solution is a good start these days, but a solution alone is no longer enough to keep customer attention and loyalty. Start with feedback from real customers, set measurable objectives, and make sure rewards and incentives are tempered by customer experiences, rather than only internal thresholds.
Wrench , the Seattle-based on demand vehicle maintenance and repair service for consumers and fleets, has raised $20 million in its latest round of financing. RepairSmith , which operates a similar service out of Los Angeles and San Francisco, is backed by Daimler to provide much the same on-demand repair services.
If you’re a technology startup you need to excel at product, of course. The starting point of product IS marketing, which is what a lot of young entrepreneurs that never studied business don’t realize. The start of marketing is figuring out a market need and a way to solve that need better than anybody else.
Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. It’s helpful to think of startups as proceeding through several stages, which I have defined a long time ago from a funding perspective. Don’t waste your resources on the wrong ones.
Two years after the Los Angeles-based fintech startup Dave launched with a suite of money management tools to save consumers from overdraft fees , the company is now worth $1 billion thanks to a nascent banking practice that had investors lining up. The company also provides up to $100, interest-free, overdraft protection.
Los Angeles-based Squeegy has recently launched into the market, with an on-demand, car wash service--currently serving the west side. The startup is led by Andrew Davis. The company is currently self funded. READ MORE>>.
Well, another year has come and gone, and while we're yet to leave the pandemic behind, it has led to a record number of small businesses startingup. A startup for startups! Having built our own startups we know that startup models are usually wrong from day one. “We’ve been in your shoes.
In addition to being a thought leader within the Lean Startup Movement , Steve is also a professor at Stanford and Berkley. The team failed to understand that marketing's primary role at a startup is to drive sales. Number two (was) to create end-user demand and drive it into our sales channel. Lean Startup Lessons - For Free.
Los Angeles- and Santa Monica-based REME , a new startup offering up on-demand massage, stretch, and IV therapy services to the health and wellness community, said today that it has officially launched it services. REME said its services are now available in Los Angeles, San Diego, and San Francisco.
When people talk about “online food delivery” services, chances are that they’ll think of the Uber Eats, Instacarts and Getirs of this world. GrubMarket got its start several years ago as one of many companies looking to provide a more efficient farm-to-table service.
A new, Los Angeles-based startup, Juris , said this morning that it has launched a new, artificial intelligence-powered service to help renters get their security deposits back. According to Juris, its new service, DepositLetter , uses AI-tools to help people recover illegally withheld security deposits on behalf of renters.
Last night I co-hosted a dinner at Soho House in Los Angeles with some of the most senior people in the media industry with executives from Disney, Fox, Warner, media agencies and many promising tech & media startup CEO’s. He started selling the mixtapes out of his trunk and even gave away some of his music. He was riveting.
Today, one of the companies that is supplying produce and other items both to consumers and other services that are in turn selling food and groceries to them, is announcing a new round of funding as it gears up to take its next step, an IPO. ” I don’t doubt that he means it.
The startup operates an online marketplace that allows businesses and individuals to hire students "on-demand" to accomplish tasks for them. DreamIt--like many of LA's own accelerators--operates a three month program which provides mentorship, seed financing, and office space to promising startups. READ MORE>>.
Los Angeles-based on-demand, massage service Soothe says it has acquired fellow LA massage service Melt , the two said this week, to grow Soothe's Los Angeles network. Soothe offers up on-demand massage service in homes and hotels, and says it uses vetted, certified massage therapists for its service.
I just had to line up behind him. That, plus I love the space of high-customer-service, focused eCommerce for moms worried about what their kids eat & wear.&#. We then started talking about Dave McClure. I started to realize that Dave is able to do it because he approaches VC differently. I appreciate it. Show Notes.
Startup Blossom (www.myblossom.com) thinks it is part of the solution to the dry conditions across the Westand can help save lots of money for homeowners nationwide, by tapping into the cloud with a connected, smart sprinkler controller. Most controllers out there now are timers, which basically do not react to water demand.
To get some insight into how those names are changing--we caught up with Steve Banfield , SVP and GM of Registrar Services over at Rightside (www.rightside.co) -- which is in the midst of spinning out from Santa Monica-based Demand Media. Steve Banfield: What will become Rightside has been part of Demand Media.
We spoke with Mazen Fawaz , founder and CEO of the startup, to learn why the company thinks it can do a much better job of finding you a real estate agent, by digging through home sales data. Why do you need a service like this, rather than the traditional process of asking around for recommendations? How does Agent Ace work?
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