A Note From Me
How to Create a 9-Figure Exit in Under 36 Months
Imagine starting a company, scaling it globally, and exiting 36 Months later for hundreds of millions of dollars with a CEO who had no prior industry experience. It seems like a plot of some cheap tv drama about startups, but that’s effectively what husband and wife founders Suveen Sahib and Britta Cox did with K18. Here are some key principles that led to their success.
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What We’re Reading
FedEx is launching a new e-commerce platform as it competes with Amazon: FedEx announced its new e-commerce platform, FDX, poised to compete directly with Amazon. FDX, built on the foundation of the ShopRunner platform acquired in 2020, will offer comprehensive services for merchants, including demand generation, fulfillment, tracking, post-purchase experiences, and a focus on transparency and digital efficiency. (ThEverge)
Welcome Back to the Unicorn Club, 10 Years Later:Several companies that were once unicorns, with valuations exceeding $1 billion, are returning to the unicorn club after a decade. These companies, including Airbnb and DoorDash, experienced a dip in valuation before rebounding and achieving even higher market capitalizations, highlighting the resilience and growth potential of certain tech startups. (CowBoy)
Robots Are Looking Better to Detroit as Labor Costs Rise: Detroit automakers are increasingly turning to robotics as labor costs continue to rise. The automotive industry is investing in automation and robotics to improve efficiency and reduce labor expenses, especially in response to ongoing supply chain disruptions and labor shortages. (WSJ)
TPG Acquires Supply-Chain Risk Company Sayari Labs: Investment firm TPG is acquiring Sayari Labs, a supply chain risk analysis company. This acquisition reflects the growing importance of supply chain risk management as global supply chains face increasing disruptions and challenges. (WSJ)
Uber Is Closing an Alcohol-Delivery Business It Bought for Over $1 Billion Three Years Ago: Uber has decided to shut down its alcohol delivery app, Drizly, after acquiring the service in a bid to expand its offerings during the pandemic. The decision comes as the demand for such services has waned with the easing of pandemic restrictions. (WSJ)
China Goes All In on Green Industry to Jolt Ailing Economy: Uber has decided to shut down its alcohol delivery app, Drizly, after acquiring the service in a bid to expand its offerings during the pandemic. The decision comes as the demand for such services has waned with the easing of pandemic restrictions. (WSJ)
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Izba is headed to Manifest, we hope to see you there!
Are Walmart’s routing guides giving you a headache?
Our newest blog post is here to the rescue! Explore the intricacies of understanding Walmart’s routing guides and master the art of efficient supply chain management.Unlock the secrets to smoother operations and boost your retail success. Read the blog now: Omnichannel Expansion
