The rise of giant consumer startups that said no to investor money

Little or no venture capital, BIG acquisitions? Creating huge demand consumer brands without investor money is DOABLE! A new breed of company, dubbed direct-to-consumer startups that typically sell their own branded products online, most often through their own websites and apps are creating huge consumer brands without venture capital. In the first eight months of 2018 alone, investors have committed $1.2 billion to these young companies, almost triple the $426 million spent on similar startups in 2013, according to CB Insights. In one deal alone, SoftBank paid $240 million to buy less than half of Brandless, a startup, just one year old, that sells its own line of packaged foods and household products. Over the past 12 months there’s been a series of big acquisitions of direct-to-consumer startups that have raised little or no venture capital money. With it, a blueprint for a new path for ambitious direct-to-consumer entrepreneurs has emerged, one that has turned recent conventional wisdom in tech circles on its head even as it follows old-school business rules: Sell differentiated products for more than it costs to make and market them, and reinvest the profits in the business if you want to grow faster. Let's know if you've been thinking of creating your own DTC (direct to consumer) business. We can help put you on a right and fast track!


08.30.2018 14:53

Bitcoin fanatics are storing their cryptocurrency passwords in DNA

Why save cryptocurrency passwords on a hard drive when you can store it in DNA? Looking to keep your bitcoin fortune safe? Here's one option: Hide your password inside a micro tube of DNA. No, really. A startup called Carverr provides that very service to protect the digital money of its customers.
08.29.2018 09:53

Facebook vows to run on 100 percent renewable energy by 2020

Facebook announced today that it’s reducing its greenhouse gas emissions by 75 percent and will make its operations run on 100 percent renewable energy by the end of 2020. These efforts are part of its pledge to combat climate change.
08.29.2018 09:48

Oculus is bringing its Rift and Go VR headsets to classrooms around the world

Although virtual reality may be experiencing slow adoption in the consumer market, one area where it seems to have truly untapped potential is in the classroom where virtual worlds could help students visualize and learn about history, science, and culture in an unprecedented fashion. To capitalize on VR’s increasingly instrumental role in visual education, Facebook-owned Oculus VR announced today that it’s distributing a number of its tethered, high-powered Rift headsets and standalone Go headsets to education institutes around the world, starting with Seattle, Taiwan, and Japan.
08.29.2018 09:46

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While Clinton certainly did not appear to be a Shingy-esque blockchain evangelist onstage, he delivered a targeted amount of enthusiasm about new technologies like blockchain and artificial intelligence in enhancing accessibility and shaping the country’s economic future.

It might be the only way we can break Facebook’s hold on our lives, it could cement Apple’s reputation as a privacy-minded service provider, and more importantly, it wouldn’t be that hard to get people to use it.
Instagram’s co-founders announced that Adam Mosseri, the platform’s vice president of product, is now in charge. Mosseri will oversee all functions of the business and recruit a new executive team, Kevin Systrom and Mike Krieger said in a statement. The co-founders announced their departure last week — more than six years after Facebook purchased the company for $1 billion. “We remain excited for the future of Instagram in the coming years as we transition from being leaders at Instagram to being just two users in a billion,” said Systrom and Krieger.
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