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Why You Want to Work at Amazon

Why You Want to Work at Amazon

After read­ing the recent New York Times arti­cle  Inside Ama­zon: Wrestling Big Ideas in a Bruis­ing Work­place  it occurred to me that the arti­cle wasn’t real­ly about Ama­zon being a dif­fi­cult place to work but rather the sto­ry of Ama­zon being the place to be to pre­pare for tomorrow’s work­place. In the not too dis­tant future most com­pa­nies will be run by com­put­ers.  Yes there will still be peo­ple man­ag­ing the com­put­ers but most of the work will be done by the machines, which will replace many of the cur­rent employ­ees. Ama­zon is one of the most advanced com­pa­nies in the world regard­ing automa­tion of busi­ness process­es and deci­sion mak­ing. Based on the New York Times arti­cle it appears that Ama­zon has already imple­ment­ed many process­es that future com­pa­nies will be man­aged by. While many tech com­pa­nies appear to be mov­ing in this direc­tion,  I believe Ama­zon has advanced the most towards the future com­pa­ny employ­ment world. Data and algo­rithms dri­ve much of the deci­sion mak­ing at the com­pa­ny.  Vir­tu­al­ly all the pric­ing and prod­uct dis­play deci­sions you see on the Ama­zon web­site are sole­ly made by algo­rithms. Ama­zon is where you could be trained to be the next gen­er­a­tion exec­u­tive. At Ama­zon…

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Only an Artsy company like Etsy could lose money and still win big

Only an Artsy company like Etsy could lose money and still win big

Artists of every kind have become accus­tomed to using the Etsy mar­ket­place to sell their hand­made goods and crafts; well now it appears that Etsy.com has filed for an ini­tial pub­lic offer­ing. Etsy launched in 2005 and has been grow­ing sales prodi­gious­ly but is still unprof­itable, accord­ing to the company’s IPO fil­ing. In 2014 their gross mer­chan­dise sales went up 43% to $1.93 bil­lion from $1.35 bil­lion in 2013. Etsy has tak­en the ini­tia­tive with sales like this to file that ini­tial pub­lic offer­ing. They are hop­ing to raise about $100 mil­lion in new work­ing cap­i­tal. Etsy’s busi­ness is get­ting larg­er and more var­ied dai­ly attract­ing buy­ers and sell­ers out the wha­zoo, and let’s not for­get all that mobile. We can’t real­ly say for sure the exact num­bers but their mobile traf­fic account­ed for 53.2% of all traf­fic in 2014 com­pared with 41.3% in 2013. In their fill­ing they claim “We launched our first mobile app in 2011, and we con­tin­ue to enhance our mobile offer­ing,” Some inter­est­ing stats we can share says 89% of its sell­ers are female, and that their over­seas busi­ness is grow­ing. Inter­na­tion­al sales account­ed for 30.9%, equiv­a­lent to $596.4 mil­lion in gross sales over $383.4…

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Bark & Co Tech Business Driven by the Dogs

Bark & Co acquired $15 mil­lion in Series B fund­ing and is show­ing the world just how pow­er­ful dogs can be in the tech world. Dri­ven large­ly by the suc­cess of the com­pa­ny’s Bark­Box, a sub­scrip­tion ser­vice which deliv­ers dog treats to the homes of mem­bers, Bark & Co. has been cash-flow pos­i­tive since the fourth quar­ter of 2013. An inside round con­sist­ing of Vast Ven­tures, Ber­tels­mann Dig­i­tal Media Invest­ments, Slow Ven­tures, Daher Cap­i­tal, CAA, Lerer Ven­tures, RRE, Box­Group and Resolute.vc raised   $10 mil­lion for the dog-dri­ven com­pa­ny, while anoth­er five was financed from City Nation­al Bank. Attract­ing Pet Own­ers The Bark­box  busi­ness mod­el is built around e‑commerce and online sub­scrip­tion plans, offer­ing users a box of dog treats and toys each month whose con­tents are depen­dent upon the size of the dog and the sub­scrip­tion tier of the user. Sub­scriber reten­tion is well over 90%, and 75% of users will com­mit to a longer-term plan after join­ing. Bark & Co. is also unique­ly placed to cash in on ris­ing fears among pet own­ers of dog treats sourced from Chi­nese man­u­fac­tur­ers, as high­­­ly-pub­­li­­cized pet deaths attrib­uted to Chi­nese treats gain more media atten­tion. Bark­Box treats and chews are sourced from areas…

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New York ecommerce startup Casper shipping its comfy mattresses

New York ecommerce startup Casper shipping its comfy mattresses

Casper, the New York e‑commerce start­up spe­cial­iz­ing in unique­ly engi­neered “super pre­mi­um” mat­tress­es, has start­ed ship­ping its prod­uct just two months after bank­ing $1.6 mil­lion in seed fund­ing. And any e‑commerce ana­lysts out there who think that buy­ing a mat­tress online sounds weird (how do you know if it’s com­fy?) will need to think again: ear­ly sales have been going “phe­nom­e­nal­ly well”, accord­ing to Casper’s co-founder and CEO Phillip Krim. A mat­tress in a box  Actu­al­ly, e‑commerce ana­lysts that read about Casper’s seed fund­ing in Feb­ru­ary may have had their curios­i­ty stirred and frus­trat­ed at one and the same time. At that point, the com­pa­ny was keep­ing its prod­uct under a veil; save to say that it had been spe­cial­ly engi­neered from top qual­i­ty mate­ri­als yet would have a very afford­able price tag. Now that it’s been launched, how­ev­er, the cat is out of the bag. Or rather, the mat­tress is out of the box. Lit­er­al­ly. Mat­tress­es are shipped after being com­pressed into a box that’s no big­ger than a set of golf clubs, mak­ing Casper the first mat­tress com­pa­ny capa­ble of send­ing its prod­uct to cus­tomers via bike mes­sen­ger. But, busi­­ness-savvy e‑commerce ana­lysts take note: it’s not just the…

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Multiple retailers, one point of purchase: 72Lux launches Shoppable

NY start­up 72Lux has just launched Shop­pable, new online mar­ket­place that lets peo­ple make pur­chas­es from mul­ti­ple retail­ers in one place. The evo­lu­tion of a shop­ping idea Can­ny ecom­merce ana­lysts who’ve fol­lowed the ecom­merce plat­form from the begin­ning will be aware of its evo­lu­tion. Found­ed in 2011 by its now-CEO Heather Marie, 72Lux began life as a uni­ver­sal check­out ser­vice that allowed dig­i­tal pub­lish­ers to sell prod­ucts direct­ly from their own web­site, remov­ing the need for cus­tomers to nav­i­gate their way to the retailer’s site. The pub­lish­er gets a com­mis­sion for any sales from its own site, while the retail­er gets to mar­ket their prod­ucts on the publisher’s web­sites. This was “Shop­pable for Mer­chants”. This month, Ms. Marie has devel­oped the scheme fur­ther with “Shop­pable for Con­sumers” which allows vis­i­tors to save items they’ve seen dur­ing their online brows­ing on a wish list if they don’t want to make an imme­di­ate pur­chase. And there’s rather a lot of brows­ing to be done: Shoppable.co fea­tures almost 3 mil­lion items from the retail­ers 72Lux part­ners with, rang­ing from gad­gets to beau­ty prod­ucts. Dis­tinc­tive fea­tures On vis­it­ing the Shop­pable site, our per­spic­u­ous ecom­merce ana­lyst will notice that there’s anoth­er new devel­op­ment: where­as pre­vi­ous­ly,…

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