While doing research for today’s post, I realized that there is just too much going on right now in Startup Land to really focus on one thing. Because of that, and on behalf of my self-diagnosed A.D.D., I decided to do a post about multiple things. That’s right. Multiple things. Let’s go nuts.
Groupon Kills It
Last Friday, Groupon sold 35 million shares in its initial public offering. It raised $700 million; the largest IPO by a U.S Internet company since Google in 2004. It also made million- and billionaires out of its shareholders.
Even though this is considered a financial success on paper, Groupon has a lot of pressure on its virtual shoulders. It has faced a lot of scrutiny leading up to Friday, and continues to face even more looking forward. People aren’t convinced that the company is worth the $18 billion its valued at, and think that it needs to make substantial changes to its business model to succeed.
Then again, people had similar opinions about Amazon at first, and now it’s the global leader in ecommerce.
Speaking of ecommerce…
Innovative Trends in eCommerce
eCommerce is huge. “Global E-commerce sales are growing by more than 19% a year and will be of almost $1.4 trillion by 2015,” according to an infographic by Invesp. A market that continues to grow at such a rapid pace needs to incorporate mediums that can keep up.
Of a Kind is a retail startup, and the first store to be built entirely on Tumblr. It sells limited-edition clothing and accessories, often taking followers behind the scenes of designers’ creative processes. Tumblr is a perfect platform for a business venture of this nature for a few main reasons:
- Many Tumblr users are considered early adopters; they’re more likely to seek out an exclusive product before it hits the mainstream
- Tumblr has a built-in subscription option which allows for a steady stream of potential customers
- Creativity goes a long way on Tumblr; content rich with videos, images and compelling copy is likely to be reblogged
The Machines are Winning
iPhone 4S users almost had a collective emotional breakdown when Siri was experiencing a network outage last week; proof, in itself, that our reliance on machines is fully ingrained into our beings.
Yesterday, Business Insider published an article stating that artificial intelligence “could replace as many as 50 million professional jobs.”
Technology is progressing at a rate that is rendering humans obsolete. Don’t get me wrong: I’m a nerd. I love technology. But I love a real, live person who I can drink a beer and have a laugh with more.
I guess we’ll see what happens.