There was a session at the recent GeekWire Summit on how the IoT explosion will impact retail stores where underpants were discussed. It’s humous but very illustrative of how every item in every store, electronic or not, will be tracked.
NYU Stern Professor Scott Galloway says that Amazon is a monopoly that should be broken up. “When one company can take down the price of any other company, almost by a third, just with press releases, the markets are no longer competitive.
Finery, which was just listed in CNBC’s Upstart 100 list of promising young startups, keeps track of all your clothing purchases and creates a digital wardrobe and then helps style you in the clothes you already own.
How does a startup compete with a huge brand like Victoria’s Secret which by some accounts has nearly a 50 percent market share? By being different and utilizing technology and data.
The world’s largest freelancing network Upwork raised $187 million in their initial public offering this week. They currently have 375,000 freelancers working for nearly 500,000 clients.
The clothing as a service business model is not disruptive for clothing retailers says CaaStle founder and CEO Christine Hunsicker. “One of the big things about this technology is that it’s not disruptive.”
Turo, the Airbnb of cars, allows private car owners to rent out their vehicles either online or via a mobile app says Turo CEO Andre Haddad.
Hoffman describes blitzscaling as a form of high-impact entrepreneurship, the kind that generates a lot of jobs and affects other industries.
Amazon announced today that effective November 1st they are raising the minimum wage in the U.S. to $15 per hour. They are also raising the minimum in the U.K similarily.