The Fizz Marketplace continues to make headlines 🚀
As Fizz co-founder Teddy Solomon tells Fortune, "It all boils down to the fact that there were peer-to-peer commerce platforms before...they no longer exist within Gen-Z."
Check out Fortune's newest feature from Sasha Rogelberg (which dubs us the 'anti-Facebook' startup) to find out more about how Fizz is disrupting e-commerce for Gen-Z.
https://lnkd.in/gnUzPEv4
Zepto, a quick commerce unicorn has added new fees for its customers as it aims for profitability
It's the first quick commerce startup to charge Rs 2 extra for using its service and Rs 15 extra for late-night orders after 11 pm
Also, Zepto will now charge for deliveries - ranging from Rs 5 to Rs 28 depending on how much you order
These changes are Zepto's plan to start making more money by May 2024
Instead of just relying on delivery fees, the company is working on being more efficient
Aryan
Also, I have just started a community of founders, link in the comment section
Bought my first business for $4,000 • 6 businesses bought • Helped close $250k+ in deals • Writing about buying businesses and my journey building a micro HoldCo.
How to Discover the Hidden Gems: A Beginner's Guide to Navigating Micro Startup Marketplaces and My Favourite Sources for Deals
In this video, I take first-time buyers through some of my favorite marketplaces. O briefly run through what I like about each marketplace and their pros and cons.
lastly, I run through some newsletters that act as great unique deal sources that I enjoy reviewing every week.
Any Startup who will crack the latent market will always expand like zepto & zomato. one will never know what that latent need & it needs to get explored with a lot of experiments & pivot.
Which sector still has that latent need?
For me it's mobility which still has something that not yet been explored & hit the Eureka moment.
#latentmarket#zepto
📢 Zepto shakes the #quickcommerce scape yet again with a fresh $340M top-up to take its total fundraising in 2024 to over $1Bn at a valuation of $5Bn. In an exclusive chat with Shereen Bhan, Aadit Palicha details the startup's rapid expansion plan.
Looking to build a marketplace in 2024? Joining Everything Marketplaces with Mike Williams has been a game-changer for me. It's a community focused on the specific challenges of marketplace startups, offering practical insights and networking opportunities.
Members range from founders to operators, all sharing a goal: to learn and apply marketplace strategies effectively. The community hosts regular events online and in major cities, connecting you directly with experienced marketplace professionals and investors.
Beyond networking, they offer an array of resources like guides, checklists, and specialized tools for various stages of marketplace development. It's an invaluable resource for anyone serious about building a successful marketplace.
I would highly recommend checking it out.
#Marketplaces#BusinessNetworking#StartupGrowth
The grind doesn't stop, but remembering to recharge is so important. Give yourself some well-deserved rest!
Reflect on your wins, recenter, and have fun. You've earned it.
P.S. What are your plans to unwind this weekend? 🙋♀️ Let us know in the comments
#ivendigital#StartupinUSA#ecommerce#fridaymood#startupinUSA
Going from vision to market is the heartbeat of a startup. It's not about having a great idea, but having a great ATM. Because turnover points aren't just numbers, not *they're* campaigns - each payment a testament to a product won over, an enthusiasm captured, and most importantly, a relationship forged. How do we make it this time? We amplify our story, resonate more deeply, and elevate the customer experience to unmatched heights. Let's discuss our go-to-market strategies at [Meeting URL]. Ready to scale together?
I stayed up coding until 4am so many nights for two years when I started Lightspeed Commerce — to me, this is part of the entrepreneur journey. Had a blast reflecting on those early years and discussing the challenges and opportunities of navigating a tech startup with Harry Stebbings from 20VC.
Some takeaways:
- Achieving strong product-market fit requires an iterative, customer-centric approach — especially with early users. Lightspeed wouldn’t have achieved profitability if we weren’t so close to our customers.
- Companies can take different paths to scale, each with its trade-offs — some bootstrap profitably for years before taking VC funding. Sometimes you need the slow-burn process to create something truly phenomenal.
- Founders must be willing to adapt their sales and distribution strategies as the business matures, especially after going public.
If you’re a founder or entrepreneur, I think this episode will provide lots of value. Thank you to Harry and the team at 20VC for having me.
Links to the interview in the comments 👇
I rarely share podcast episodes here.
But this one is a MUST listen to both INVESTORS and founders operating in bricks&mortar hospitality & retail technology.
So many true, real, no BS points DaxHarry Stebbings.
👏🏼 Be bold enough to operate with a sales strategy and approach that many VCs won’t understand or approve but that works wonders in that space and builds this amazing, sticky, powerful model that most platforms in the space can’t crack or are afraid to (because it doesn’t tick some boxes you read/hear about from the tech/VC experts)
🚀 A growth trajectory that changes and originally is not on the typical VC path but then, once the “cockroach”, groundwork is done you’re in an exciting and unique position to scale with a product market fit that’s hard to beat - PMF and growth not achieved due to endless millions raised but a real PMF that makes thing sticky, powering your product-led growth
👊🏼 Stay super close to your customers. No matter how big you become, but especially in the first 5-10 years literally speak to them DAILY. Not many manage to make it work for hospitality or retail SMEs, it’s one of the hardest group to find PMF with.
But once you nail it - you’re like a constantly growing massive mountain 🏔️ - sky is limit & no one can’t move you no matter what.
Don’t build businesses to please an investor’s thesis/POV which you’re currently talking to or following on LinkedIn.
Build a business together with your ICP customers and bring them the most value you possibly can. The rest will follow. Even the ticked boxes that you read so much about.
I stayed up coding until 4am so many nights for two years when I started Lightspeed Commerce — to me, this is part of the entrepreneur journey. Had a blast reflecting on those early years and discussing the challenges and opportunities of navigating a tech startup with Harry Stebbings from 20VC.
Some takeaways:
- Achieving strong product-market fit requires an iterative, customer-centric approach — especially with early users. Lightspeed wouldn’t have achieved profitability if we weren’t so close to our customers.
- Companies can take different paths to scale, each with its trade-offs — some bootstrap profitably for years before taking VC funding. Sometimes you need the slow-burn process to create something truly phenomenal.
- Founders must be willing to adapt their sales and distribution strategies as the business matures, especially after going public.
If you’re a founder or entrepreneur, I think this episode will provide lots of value. Thank you to Harry and the team at 20VC for having me.
Links to the interview in the comments 👇
Is Bolt back? The startup made a lot of headlines and like many ran head steam into a difficult funding period.
All I can say as a founder is that the last 18 months was a great time period to be an early stage start up focused exclusively on customers and product.
While bolt has been dealing with tough topics, Comet Rocks has launched one after the other kick ass feature to create the slickest shopping & checkout experience on the planet. From launching embedded Micro-stores on demand for enterprise clients, to our proprietary 1-click checkout, and Multi-merchant bag tech, to achieving up to 5x conversion rate increases in social commerce channels, its been a fun time to be a start up 👩🚀 🚀 ☄
#ecommerce#payments#1clickcheckout#socialcommerce#funding
What do medieval castles and early-stage startups have in common?
Both should be protected by a moat.
Obviously, we’re not talking about digging a guarded perimeter around your HQ. But as a tech business, it’s vital to make sure that you’re building something which can’t be easily replicated by new entrants to the market - or existing major players.
If your business essentially boils down to a feature that the likes of Amazon, Uber or Airbnb could easily add to their existing functionality, then you’re treading on thin ice. For the best shot of success, you need to make sure you’ve got at least some barriers to entry, such as a technical knowledge base.
So ask yourself the difficult questions upfront. What’s the moat between you and your competitors?
#startupadvice#techbusiness#techstartup
Co-Founder & CEO at Wingspan | Backed by a16z and founders of Warby Parker, Harry’s and Allbirds
1moIncredible to see Teddy Solomon Fizz 💪