Search Results for: startup

Big Tobacco Has Caught Startup Fever

Longreads Pick
Published: Mar 8, 2017
Length: 16 minutes (4,083 words)

Solving Climate Change With Beer From Patagonia’s Food Startup

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The founder of the outdoor apparel company talks about its line of food, Patagonia Provisions, and their vision of sustainable, regenerative agriculture using a new food crop and wild grain called Kernza.

Source: Bloomberg
Published: Oct 3, 2016
Length: 18 minutes (4,630 words)

Hot Startup Theranos Has Struggled With Its Blood-Test Technology

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The Silicon Valley company, led by Elizabeth Holmes, is valued at $9 billion but is running into questions about its technology.

Published: Oct 15, 2015
Length: 11 minutes (2,790 words)

Living In The Disneyland Version Of Startup Life

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It’s becoming increasingly possible to live where you work. Tiki looks at the rise of “co-living” spaces springing up in cities all over the U.S.

Source: BuzzFeed
Published: Aug 3, 2015
Length: 18 minutes (4,714 words)

Why Big Food Is Feasting on ‘Natural’ Startups

Fortune writer Beth Kowitt reports on the packaged-food industry’s response to an existential crisis: Shoppers are seeking alternatives they deem healthier and more authentic than legacy brands.

In addition to selling fruit and veggie drinks, Bolthouse grows and packages fresh carrots—an old-fashioned, weather-sensitive farming business that Morrison suspected would be a turnoff for any packaged-goods company, including her own. True enough, Morrison’s board was skeptical at first. “Carrots, Denise? Really?” asked one director. But in the end, the numbers sold themselves. The so-called packaged-fresh sector, where Bolthouse was a standout, was already an $18.6 billion business—and one with promising growth.

Campbell paid $1.56 billion for the company in 2012. Today it has roughly half that amount (more than $800 million) in sales. The following year Morrison bought baby-food maker Plum Organics for $249 million. (It has over $90 million in sales.) Both of these new businesses are small in the context of the soup company’s total $8.3 billion in revenue, but they are transformational in their own way—giving Morrison some pastoral cred when she calls Campbell an “organic carrot farmer.”

The acquisitions have also, as intended, shifted Campbell’s center of gravity—moving it closer to what the food industry calls “the perimeter,” the outer ring of the supermarket where fresh foods are stocked. This is where the big growth is.

More important, Morrison didn’t just set out to buy Bolthouse, she went after Bolthouse’s DNA. Following a trend in the tech industry, legacy food companies are on an acqui-hiring spree, hoping to gobble up foodpreneurs, their more agile management operations—and their know-how in the natural food arena. Morrison made Jeff Dunn, who had been president of Bolthouse, the head of Campbell’s new “packaged fresh” division, where he is tasked with expanding the portfolio (though Dunn is cagey about what that might entail).

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The Sports Startup Being Sued for Nearly $500,000 by Its Former Employees

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A sports startup called Sport195 hired workers at a rapid pace despite having no customers, revenue, users, or a clear business plan. When the paychecks stopped coming, its CEO told employees that he had two revenue sources lined up—none of which came to fruition.

Source: Vice Magazine
Published: Jan 19, 2015
Length: 11 minutes (2,850 words)

Publishing Startup at a Crossroads: ‘Maybe It’s Time to Embrace Something Old-Fashioned’

The iOS app, pending improvements, still might catch on, but if it doesn’t, we’ll have to figure out how to try to keep those subscribers as we fold them back into the original distribution system. We’re also in talks with an established indie publishing house, trying to figure out whether doing a handful of print and e-book Emily Books originals in collaboration could make financial sense for both us and them; I’m hopeful, but when I look at the profit and loss statements they’ve given us for reference, I get less so. The idea that print availability is the only difference between selling a few hundred and a few thousand books seems like a stretch. Then again, we have a built-in base. “Two hundred people who love you are more important than 2 million people who like you,” some startup guy or other once said. Startup guys say a lot of stuff, though.

When night fell on our retreat, we put away our laptops and curled up on the couch in front of the TV. The Devil Wears Prada was showing on Lifetime, as it always is, and we were delighted to sit down and rewatch it. Outsized caricature that it is, this monumentally great chick flick does seem in some ways to encapsulate my own journey from principled young striver to glamour-chasing young sellout and back again. As we watched Andi toss the cell phone that had tethered her to her dream-nightmare job into the fountain and put her terrible corduroys back on to work at some kind of scrubby newspaper, I wondered if the movie wasn’t an omen. Maybe it’s time to embrace something old-fashioned instead of something glitzy and new and untried. Maybe our future–and publishing’s future–isn’t to be found in technological advancements that change the way we read, but in advancements that change the way books reach their audience.

Emily Gould, in Fast Company, with an honest reflection on her own publishing startup, and questions about what to do next.

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Photo: nataliaromay, Flickr

This Is Not a Startup Story

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Lessons from starting a small publishing business.

Source: Fast Company
Published: Oct 10, 2014
Length: 8 minutes (2,028 words)

How a San Francisco Startup Dies

“In meetings on Sand Hill Road, Latour says, nearly everyone expressed enthusiasm for Everpix’s product. But one by one, they turned him down. After two meetings with one well-known firm, a partner sent Latour an email. ‘You guys seem to be a spectacularly talented team and some informal reference checking confirmed that, but everyone here is hung up on the concern over being able to build a >$100M revenue subscription business in photos in this age of free photo tools.’ Said a partner at another firm: ‘The reaction was positive for you as a team but weak in terms of whether a $B business could be built.’

“As time ran out, hopes diminished. ‘It succeeded in every possible way,’ said Jason Eberle, who built the web version of Everpix, ‘except for the only way that matters.’”

Casey Newton, for The Verge, on the life and death of Everpix, a beloved product that failed to stay afloat. Read more on tech.

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Letter To A Young Programmer Considering A Startup

Longreads Pick

Words of caution from the former CTO of Twitter. The startup life isn’t rebellious—it’s the new corporate ladder:

“The machine doesn’t care about you. In fact, the machine is designed with the understanding that most startups will fail, or at most offer unremarkable returns to investors. The majority of the companies in many VC portfolios are acknowledged duds. One or two ’10x’ companies prop up most portfolios. At best, startup founders who fail get another pull of the slot machine. At worst, their failures drive them to desperation.”

Author: Alex Payne
Source: al3x.net
Published: May 30, 2013
Length: 8 minutes (2,209 words)