BNPL competition heats up, Bowery Farming TC-1, Silicon Valley dreams – TechCrunch


Is Southeast Asia about to hit an inflection level for tech startups?

Four hundred million individuals within the area already use the web, however by 12 months’s finish, one estimate means that 80% of the inhabitants over the age of 15 in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam shall be digital customers.

“As per Jungle Ventures’ calculations, the total value of the region’s digital companies is around $340 billion today and is estimated to grow to $1 trillion by 2025,” says founding partner Amit Anand.

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E-commerce, fintechs and the fast digitization of the area’s SME workforce are a couple of of the elements reshaping the panorama for Southeast Asia’s startups, however provide chain expertise can be a serious alternative, Anand says.

“With new deals and intentions to list in the U.S. being announced more frequently, the region shows no sign of slowing down and the birth of many more unicorns is on the horizon.”

Thanks very a lot for studying W3Techy+ this week!

Walter Thompson
Senior Editor, W3Techy+

The Bowery Farming TC-1

Image Credits: Nigel Sussman

Just over a tenth of Americans have jobs in meals and agriculture, so it’s simple to see why many people lack a eager consciousness about what we’re consuming or the place it comes from.

Our meals provide isn’t as safe or predictable as we assumed: Climate change, security remembers, the COVID-19 pandemic and even immigration insurance policies can immediately influence what’s accessible on the retailer.

The technological leaps that made it attainable to feed (most of) the world is not going to see us by the subsequent century until we alter course.

Plant-based protein has gotten a whole lot of press, however vertical farming that leans on {hardware} and robotics has reached scale, experiences Brian Heater, W3Techy {hardware} editor.

In a four-part sequence, he explores the origins and operations of Bowery Farming, a worthwhile startup that has raised nearly $500 million since 2015 to create new tech and services that elevate leafy greens offered in practically 900 markets.

Part 1: Bowery Farming is forcing us all to look up at the future of vertical agriculture

Part 2: Hacking lettuce for taste and profit

Part 3: Can LEDs ultimately replace the sun?

Part 4: The voracious fight for your salad bowl

Since Big Tech got here to Denver, buyers can’t purchase sufficient native startups

Denver, Colorado is nicknamed the Mile High City, however enthusiastic buyers don’t appear to thoughts the skinny air.

“Per a recent CB Insights report, Denver-based startups raised around $2.7 billion in all of 2020,” report Anna Heim and Alex Wilhelm in right now’s version of The Exchange.

“The same dataset says that startups in the city have raised $3.1 billion through Q3 of 2021 — more capital in less time.”

Colorado’s central location and high quality of life have made Denver and close by Boulder engaging hubs for Big Tech corporations. Now that distant work has change into the norm, distant funding within the space has dialed up as effectively.

“Denver was ready for the Zoom boom, and is reaping the — venture capital — rewards.”

Credit card and funds firms compete for a slice of the rising BNPL market

direct listing slice cake

Image Credits: Photo Concepts (opens in a new window) / Getty Images

Giving customers the comfort of deferring cost for a product shouldn’t be a brand new concept, however now that upstarts like Klarna, Afterpay and Affirm have taken the idea to the subsequent degree, legacy bank card firms and cost corporations are taking discover.

Mary Ann Azevedo and Ryan Lawler have recognized a “slow emergence” within the BNPL house “of a symbiotic relationship between traditional financial institutions, payments upstarts and leading companies.”

Visa introduced this week that many firms are utilizing its expertise to energy point-of-sale BNPL options; final month, its rival rolled out Mastercard Installments, its bespoke providing.

“It’s not really a surprise that these credit card companies are stepping it up when it comes to BNPL,” reported Ryan and Mary Ann. “If anything, it’s a wonder that it took them this long.”

Dear Sophie: Any recommendation for dwelling my dreams in Silicon Valley?

lone figure at entrance to maze hedge that has an American flag at the center

Image Credits: Bryce Durbin/W3Techy

Dear Sophie,

After looking for an H-1B job to immigrate to the United States for a number of years, I took a senior software program engineer place with an organization in Canada.

My dream is to immigrate to Silicon Valley to start out my very own enterprise. Any recommendation?

— Eager Entrepreneur

Heavily VC-backed salad chain Sweetgreen heads towards public markets

Inside A Sweetgreen Inc. Restaurant As Chain Expands

Image Credits: Adam Glanzman/Bloomberg / Getty Images / Getty Images

At a earlier job, I labored close to a Sweetgreen location, stopping in as soon as every week to choose up our startup’s lunch order.

The salads had been scrumptious, however the costs positively made me admire our free lunch coverage. While studying Alex Wilhelm’s overview of Sweetgreen’s S-1, I recalled one thing else: each time I visited, I used to be often the one buyer ready for a pickup.

Heavily reliant on digital orders and workplace employees, Sweetgreen “is rather unprofitable and doesn’t appear to be on the cusp of a rapid march toward profitability,” writes Alex.

At the identical time, “the company’s overall business plan appears sound on paper.”

How to root out shadow IT and maximize SaaS investments

Cartoon Style Eye Peeping through Yellow Color on Paper Texture

Image Credits: MirageC (opens in a new window) / Getty Images

In a contemporary, largely distant office, unapproved SaaS purposes utilized by particular person workers might result in duplicate subscriptions, wasted IT spend and higher danger of an information breach.

How do you ward off the shadows? Just shine a light-weight in your SaaS portfolio, in response to CEO and co-founder of Zylo, Eric Christopher.

“Once IT has a line of sight into all applications in use and how they are used, they are positioned to optimize investments,” he says. “Implementing self-service SaaS at your organization is easier than you may think.”

Robinhood’s nasty quarter exhibits the ups, downs of buying and selling incomes

Any inventory that trades on the prospect of an organization’s development slightly than its present enterprise worth is treading on skinny ice.

So when buying and selling platform Robinhood reported worse-than-expected Q3 income and revenue, and predicted This fall income additionally beneath analysts’ expectations, the market responded.

In an in-depth examination of the corporate’s Q3 outcomes, Alex Wilhelm discovered that Robinhood’s consumer base, crypto buying and selling revenues and income per consumer all fell, which led to its profitability “taking a beating.”

If competitor Coinbase “has seen even a fraction of the downturn that Robinhood has experienced in terms of crypto transaction incomes, it could have a tough quarter,” he says.

How 2 firms leveraged natural and inorganic development

a small green plant grows inside a metal gear

Image Credits: Ivan Bajic (opens in a new window) / Getty Images

Taking a considerate, balanced method to combining natural development with the booster shot of a merger or acquisition can unlock sustainable development, writes Progress Partners’ senior managing director, Chris Legg.

He highlights two examples of profitable M&A methods:

  • Outside Inc.’s aggressive vertical acquisition spree to broaden its choices whereas getting into fully new markets.
  • Trusted Media Brands’ cope with Jukin Media to diversify its content material and enhance its promoting base.

Crafting a pitch deck that may’t be ignored

a wooden model's figure is pulling a drape off of a five-pointed star

Image Credits: Boris SV (opens in a new window) / Getty Images

To discover out what a pitch deck wants to face out, Managing Editor Danny Crichton hosted a panel at W3Techy Disrupt that includes Mar Hershenson, the founding MD of Pear VC; Mercedes Bent, a accomplice at Lightspeed, and Saba Karim, who heads the worldwide startup pipeline at TechStars.

Their chat incorporates helpful insights into how pitches have advanced over the previous 12 months, the VCs’ thought course of when studying decks and what founders ought to deal with in the event that they don’t need to be ignored.

“The decks are getting better and better in terms of design,” mentioned Bent. “I feel an increasing number of individuals have realized that the visible illustration of your deck is simply as necessary as the fabric and the content material that’s in there.

Originality positively helps an entrepreneur break other than the group, mentioned Karim.

The finest pitch deck that I bought in a distinct format can be from an organization that not too long ago bought into TechStars — it was really a podcast model of their pitch deck that had my face on it. I went into Apple Podcasts and it mentioned, “Hey, Saba, here’s my pitch.” That was wonderful! But the second or third time that occurs, it may not be as spectacular as a result of I’ve seen it earlier than.

Allbirds flotation ought to assist the market type the worth of tech-enabled IPOs

I’ve all the time had an curiosity within the origin of phrases: We use “bellwether” as a time period to explain trendsetters, but it surely initially referred to a sheep with a bell tied round its neck, which inspired the remainder of the flock to observe.

Similarly, IPO filings supply a glimpse into an organization’s inside workings, however they will additionally supply perception into prevailing market traits.

Tech-enabled footwear maker Allbirds’ IPO submitting serves each functions fairly effectively, experiences Alex Wilhelm: The firm expects to debut between $12-$14 per share, which might worth it about $2 billion on the higher finish of the vary — not removed from the place Rent the Runway debuted at in its IPO this week.