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Showing posts from December, 2019

Start-Ups Are Pummeled in the ‘Great Unwinding’ - The New York Times

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Start-Ups Are Pummeled in the ‘Great Unwinding’ - The New York TimesStart-Ups Are Pummeled in the ‘Great Unwinding’ - The New York TimesPosted: 01 Apr 2020 11:45 AM PDT SAN FRANCISCO — After a crush of travel cancellations in March, WanderJaunt, a short-term home rental start-up in San Francisco, laid off 56 of its 240 employees last week.Demand for services from Wonderschool, a start-up that helps people find day care and preschool providers, dropped by half, leading it to cut most of its 60-person staff.And at ClassPass, which offers a membership program for fitness classes, over 95 percent of revenue evaporated in just 10 days as studios and gyms around the world shut down. To survive, the start-up slashed spending, froze hiring and rushed to build a video streaming service for virtual workouts."This is the great unwinding," said Martin Pichinson, head of Sherwood Partners, a Silicon Valley advisory firm that restructures failed start-ups. In recent weeks, he said, his fir…

“STARTUP STAGE: Emadri changes the packing experience for travelers and travel companies - PhocusWire” plus 1 more

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“STARTUP STAGE: Emadri changes the packing experience for travelers and travel companies - PhocusWire” plus 1 moreSTARTUP STAGE: Emadri changes the packing experience for travelers and travel companies - PhocusWirePosted: 31 Dec 2019 01:10 AM PST Emadri enables travel companies to grow ancillary revenue and monetize pre-travel shopping with customized packing lists for travelers. It uses data science and insights to recommend activities specifically for customers, which increases bookings and revenue. Since launching in 2018, Emadri has been recognized as one PhocusWire's Hot 25 Startup for 2020, and has partnered with some of the biggest companies in travel. Describe both the business and technology aspects of your startup.Emadri helps travel companies monetize pre-travel shopping and on-trip activities. We do this by simplifying arduous aspects of trip planning and by providing a one-stop shop for personalized packing, shopping and activities. Our white label/API solution integrate…

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