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Indian Food Delivery Startup Swiggy Enters the Overfunded Club

Posted on Wednesday, Jun 28th 2017

According to Inc42, of the 105 foodtech startups launched in India, only 58 were active in 2016. Once considered attractive by investors, the market is overcrowded, overfunded, and plagued by price wars as well as weak logistics and delivery infrastructure. Swiggy is a recent entry to this overfunded club. >>>

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Thought Leaders in Artificial Intelligence: Mike Flanagan, SVP of Analytics, SAP (Part 3)

Posted on Wednesday, Jun 28th 2017

Sramana Mitra: The Netflix example is not a right example, because Netflix is not a vendor that sells AI software to other people. I think this question is only reasonable when you take into account a vendor who sells any domain-specific AI software to a whole lot of different customers who could be competitors.

Netflix is running their own service and they collect data. They own the data. I don’t think that’s even a question that Netflix should be able to use that data to be able to power their recommendations better. I don’t think that’s up for questioning anyway. Other people may think about it. >>>

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Thought Leaders in E-Commerce: Alex McArthur, Chief Marketing Officer of Purple Mattress (Part 2)

Posted on Tuesday, Jun 27th 2017

Sramana Mitra: I have a couple of thoughts as I’m listening to you. Based on the brief that I’ve received, your company, in one year, has crossed $5 million in revenue.

Alex McArthur: We’ve crossed substantially more than that. We’ve done over nine figures this year.

Sramana Mitra: Tell me more. How much are you doing?

Alex McArthur: All of our competitors have raised substantial amounts of money. Due to this hypergrowth, we could grow >>>

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Billion Dollar Unicorns: Toutiao Snags a Big Round, But Growth and Revenues Remain Tricky

Posted on Tuesday, Jun 27th 2017

Earlier this quarter, Chinese news aggregating site Toutiao raised a whopping $1 billion for its expansion. The round valued the company at nearly twenty times the valuation that it had secured two years ago – making its position secure in the Billion Dollar Unicorn club.

>>>

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Thursday, June 29 – 359th 1Mby1M Mentoring Roundtable for Entrepreneurs

Posted on Tuesday, Jun 27th 2017

Entrepreneurs are invited to the 359th FREE online 1Mby1M mentoring roundtable on Thursday, June 29, 2017, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST.

If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.

You can learn more here and register to pitch or attend here. Please share with any entrepreneurs in your circle who may be interested. All are welcome!

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Thought Leaders in Artificial Intelligence: Mike Flanagan, SVP of Analytics, SAP (Part 2)

Posted on Tuesday, Jun 27th 2017

Sramana Mitra: The job titles become critical because all the search engines and the AI on that side operate on the basis of keywords. Using the right keyword vastly enhances the findability of certain things.

Mike Flanagan: Absolutely. Say for example I tell you, “I want you to go find me a data scientist.” You’d say, “Okay, I’ll go search for data scientist.” What I really meant was I want you to go search for somebody who has these five job skills. Our system is becoming more and more intelligent about understanding what skills underpin various job descriptions and those job descriptions may apply to different job titles.

If it’s the same five underlying skills, then recommending that if you’re considering this role and this title, you might also look >>>

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Thought Leaders in E-Commerce: Alex McArthur, Chief Marketing Officer of Purple Mattress (Part 1)

Posted on Monday, Jun 26th 2017

The special mattress e-commerce space is on a tear. We discuss the trends, the why and the how.

Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Purple Mattress.

Alex McArthur: I’m the Chief Marketing Officer at Purple. Purple started January 22, 2016 and just went through an amazing growth phase. Fairly unexpected on our side is how fast it would grow. We sell mattresses and sheets, platforms, adjustable power base, and mattress protectors. Right now, we’re strongly focused on sleep. >>>

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The 1M/1M Incubation Radar: smartQED, San Mateo, California

Posted on Monday, Jun 26th 2017

According to a MarketsandMarkets report, the incident response services market is estimated to grow from $13.09 billion in 2016 to $30.29 billion by 2021, at a CAGR of 18.3%. smartQED is an intelligent, AI-driven workbench for expediting IT incident response and problem resolution. It enables collaborative investigations through visual tools for systematic root cause analysis, making it easy for teams to jointly resolve problems. >>>

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