I met an interesting startup founder yesterday. When he introduced himself, he said “I own a beauty salon”. His investor immediately chimed in and said “he’s being very humble. He is launching a tech enabled beauty salon chain and already…
AI agents are beginning to transform how we shop, how brands sell, and how the entire stack of online commerce operates. Whether it is Perplexity shopping or OpenAI’s partnership with Shopify that will let you check out straight from ChatGPT,…
It's enough to observe consumer behavior for a couple of hours in the nearest mall to you, to understand that the way we shop, has dramatically changed since welcoming smartphones and tablets to our lives. People browse, choose, pay and troubleshoot products using mobile sites, apps and social media shaking the ground for multi-channel retailers, who until now mainly focused on their brand and brick and mortar shops
, on more than one occasion I encountered a VC saying that the eCommerce model doesn’t have a “VC feel” to it. Huh? What were they missing? Why weren’t they seeing what I was seeing? Hadn’t they heard about the recent funding rounds from Ecommerce companies Groupon and LivingSocial? Since then, and after resting aside my ego, I placed myself back in my VC shoes to try to understand what “proof” such VCs needed to feel comfortable with an eCommerce investment.
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