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A Bigger Truth About Restaurant Food Delivery

Both Sides of the Table

It was only about 10–15% of their actual total revenue per month so for many it wasn’t a battle worth fighting?—?they We know that the restaurant business already operates on thin margins and many struggle to survive. So when delivery services came along many were willing to pay the fee to try and increase business. Enter ChowNow.

SaaS 242
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Former Snap employees are launching Forge Platform for Ethereum devs

TechCrunch LA

Now the three men are finally ready to take the covers off of the labor of love they’ve been working on and launch Forge Platform , a new toolkit for distributed applications. “We wanted to pick a platform where the majority of developers are,” says Lorenz of the decision to work with Ethereum. ” . .

Platform 216
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Should Startups Care About Profitability?

Both Sides of the Table

They actually lost about $175 million in cash in that quarter, FWIW. I know this seems obvious but I promise you that even smart people forget this when talking about profitability. Is the revenue dependent on a concentrated set of distribution partners or platforms that put future revenue at risk?

Startup 227
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Aclima sucks in $24M to scale its air quality mapping platform

TechCrunch LA

Aclima , a San Francisco-based company which builds Internet-connected air quality sensors and runs a software platform to analyze the extracted intel, has closed a $24 million Series A to grow the business including by expanding its headcount and securing more fleet partnerships to build out the reach and depth of its pollution maps.

Platform 224
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FlyMachine raises $21 million to build a virtual concerts platform for a post-pandemic world

TechCrunch LA

FlyMachine’s platform launch earlier this year, arriving as many Americans have been vaccinated and many concert-goers are preparing to return to normal, might have been considered a bit late to the moment, but the founding team sees a long-term opportunity that COVID only further highlighted.

Platform 310
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Do VC Platforms Make Sense?

Both Sides of the Table

In the VC insider baseball world a discussion has gone on about “VC platforms” over the past 5 or so years. While firms define platforms differently, let’s just say they are the services that a VC offers outside of investment capital and partner time on boards or providing intros.

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PortalOne raises $60M as it levels up to launch its hybrid, immersive gaming platform later this year

TechCrunch LA

Now, a gaming startup that’s building a new kind of platform that it thinks will be a — wait for it — game changer in the category is announcing some funding as to ride that wave of attention. This round comes about eight months after PortalOne raised a $15 million seed round , also notable for its size and the backers.

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