How Toast, founded in Boston with a $500K investment from Endeca's Steve Papa after VCs shunned it, became a $30B business, in part by avoiding the Bay Area
- Toast's first backer, Steve Papa, invested in the company because no venture capital firm would write the initial check. Tweets: @jordannovet , @strngwys , @luoshengpeng , @arbuge , @jamespchuck , @...
Online wholesale marketplace Faire, aimed at small retailers and brands, raises $260M led by Sequoia Capital at a $7B valuation
launching in Europe, beating all projections, and reaching $1B in annual volume in only 4 years. Shopping local is on! And now, another milestone.... https://news.faire.com/... Delian / @zebulgar : I ...
Outschool, a marketplace for online classes, raises $45M Series B, says bookings grew 2,000%+ between Aug. 2019 and Aug. 2020 and it turned profitable this year
In the post about USV's initial investment in Outschool 16 months ago … Tweets: Adam Tzagournis / @adamtzag : Congrats to @outschool on their $45mm series B! This is the future of schooling, COVID or ...
Amazon Q1: $75.5B revenue, up 26% YoY, net income of $2.5B, down from $3.6B in Q1 2019, AWS revenue of $10.2B, up from $7.7B YoY
an estimated $4 billion — on responding to the coronavirus pandemic...Some of the $4 billion will also fund higher wages for workers, personal protective equipment.” https://www.cnbc.com/... Jon Erlic...
Amazon Q1: $75.5B revenue, up 26% YoY, net income of $2.5B, down from $3.6B in Q1 2019, AWS revenue of $10.2B, up from $7.7B YoY; stock down 7%+
an estimated $4 billion — on responding to the coronavirus pandemic...Some of the $4 billion will also fund higher wages for workers, personal protective equipment.” https://www.cnbc.com/... Patrick M...
How Wharton became a hotbed for direct-to-consumer firms after Warby Parker, as 400+ startups now try to be the next Warby with toothbrushes, bras, and more
Wharton professors, venture capitalists, and entrepreneurs are fueling an entire generation of Warby Parkers. Tweets: @thecuriousrose , @ataussig , @ainsleyoc , and @stevesi Tweets: Rose Tantraphol / ...
Amazon Go, a high-tech version of a 7-Eleven, will finally open on Monday — with no checkout lines and no cashiers
How disruptive will it be? Chris Johnston / BBC : Amazon opens a supermarket with no checkouts Daniel Cooper / Engadget : Amazon's convenience store of the future makes me nervous Ms. Smith / CSO : Am...
Target says it plans to acquire grocery delivery platform Shipt for $550M in cash and will run it as independent unit; Shipt has 170 staff and has raised $65M
@Shipt is a Birmingham, Alabama startup, founded only 3 years ago (2014), raised $65M and exited for $550M in cash to @Target. Incredible stuff. http://www.recode.net/... Greycroft / @greycroftvc : Co...
Online wedding registry Zola confirms it received $25M investment led by Lightspeed Venture Partners; Lightspeed partner Alex Taussig to join board
Jason Del Rey / Recode :