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In this episode, we interview Tom Seo and Ryan Sells, co-founding partners of Dash Fund, a seed stage fintech fund partnering with companies across the fintech landscape.Tom and Ryan met when they were on opposite sides of the table, at that time Tom was an investor with CitiVentures and Ryan was head of business development for Second Measure. CitiVentures invested in SecondMeasure.From their roles as VC and operator, they started collaborating and eventually started angel investing together. In the Spring of 2020, they decided to launch Dash Fund, and started out by raising a $3.3 million microfund.In our conversation, we talk about what led them to launch Dash Fund, their strategic approach to building their LP base, how they help founders think through growth, and why they chose to specialize in fintech.Learn more about Dash Fund ›
In this episode I speak to Francesco Filia of Fasanara Capital, a fund that has been buying loans from the market for over a decade. Over that time Fasanara has developed a substantial amount of alternative data around borrowers, creating an ever more advanced selection process for future purchases.In other news, an apology: Last week I mistakenly suggested Bloomberg had bought alternative data provider Second Measure for $200m, the true figure is undisclosed but closer to $100m.A date for the diary: I am speaking in London at Leading Point's Data Kitchen on Tuesday 26th October with the theme “Is Alternative Data still Alternative?”. Londoners can find a ticket here https://www.eventbrite.co.uk/e/data-kitchen-is-alternative-data-still-alternative-in-person-tickets-175322984767 and virtual tickets are here: https://www.eventbrite.co.uk/e/data-kitchen-is-alternative-data-still-alternative-virtual-tickets-175331409967Finally, check out my new blogpost around Alternative Data Marketplaces https://www.exabel.com/blog/the-alternative-data-discovery-mechanismAny thoughts or questions please get in touch! Hosted on Acast. See acast.com/privacy for more information.
A hot topic in today's medical field is the idea that chiropractic care doesn't work. So many people have stories about how they have engaged a chiropractor looking for answers to their health related issues only to be let down again. No results. No change. Still throwing more money and more time at a problem that has yet to be solved. Yet, I want to challenge you on that topic. You cannot expect results from a doctor who does not measure for a problem. If you don't measure anything, how do you know it exists? Second, if you don't measure it, how can you improve it. The most common problems I see in the chiropractic industry is a patient being over adjusted. Followed by a series of choices - being adjusted at the wrong place at the wrong time...being adjusted at the wrong place at the right time...and finally being adjusted at the right place at the wrong time. In each of these instances the issues falls on the doctor making the best decision to ensure that the patient has the opportunity to heal. So...how do we as doctors know when we adjust the right place at the right time? First: Measure it. The central nervous system doesn't lie to you about how it is functioning, but it has to be measured. Second: Measure it. The upper cervical spine has very specific points to measure. Third: Measure it - if it is in the right place and the right time, then give an adjustment. It's as simple as that.
Relationships are the key to long term success in business and in professional services. Today's show, which is day ten, in ten days of success, outlines the five ways you can put relationships first in your business.First: Start with an external orientation. You have to put the needs of the client at the forefront of everything you do. Every conversation with the client should focus on what they want, what they need, and how you can help them - even if that help is outside of the scope of your normal duties.Second: Measure lifetime value of client relationships. Stop thinking about individual transactions. Think about the value of the relationship over the course of a lifetime. Your client, the person, will be with you forever if you think about helping them over and over again during your career. They may move from job-to-job but they will stay with you if you think about the totally of that relationship and not individual transactions.Third: Think of the value exchange. Sometimes it is goods and services for money. Sometimes the value is simply an answer to a question. But each time you interact with a client, they have to come away feeling like they received great value from you. Fourth: Provide support beyond the typical relationship. No matter what your product or service, you are responsible for the growth of your client's business. This is important for the survival of the business as well as the growth of your relationship. You must buy from your client. You must pass referrals to your client. You must introduce your client to people who can connect them with additional opportunity.Fifth: Be easy to work with. Don't make people jump through hoops to work with you. Answer your phone. Return calls. Reply to email. Give people straight answers. Treat everyone like they are your best friend or your most treasured relative. If you enjoyed this show and want additional help and support growing your business, check out my special invitation to join my Inner Circle Community. This is a group of people who meet each week to exchange knowledge and help each other succeed. You can see all the options and my special invitation to you - as a loyal reader - right here:https://davelorenzo.com/inner-circle-special-invitation/
From the Simplr studios in San Francisco, this is your daily briefing. IntroductionThis is Today in Five, for today, Wednesday, January 22nd. Here are today’s headlines in digital disruption.Amazon has filed trademarks for Amazon Pharmacy, signaling the potential for the retail giant to move into selling prescription drugs outside the U.S. First, here are the latest headlines.Payless ShoeSource Emerges from Chapter 11Payless ShoeSource has emerged from Chapter 11 bankruptcy, with a renewed focus on international operations. The company’s new managers said the U.S. is the, “biggest growth opportunity,” but didn’t specify their plans on how to achieve growth there. Payless closed all of its U.S. stores last year but continues to operate in Latin America, Southeast Asia, and the Middle East. DoorDash Now Leader in Digital Food DeliveryDoorDash’s growth in 2019 allowed it to edge past Grubhub to become the leader in digital food delivery, according to data from analytics firm Second Measure. Doordash captured a third of all digital food delivery sales, or 33 percent, in the U.S. market last year, putting it on top of Grubhub, which had 32 percent of sales in the category. Uber Eats followed with a 20 percent share and was trailed by Postmates, with 10 percent. Digital food delivery is projected to be a $467 billion dollar business by 2025, with food delivery sales growing 13 percent or more each of the past five years. Starbucks to Become "Resource Positive"Starbucks has announced its plans to become, “resource positive,” when it comes to carbon, water, and waste. The coffee chain set preliminary goals for 2030 that included cutting carbon emissions in half, conserving or replenishing half of the water taken for coffee production, and reducing half of its waste. The company plans to formalize those goals by March 2021. The coffee company is among a growing number of businesses announcing sustainability goals as consumers grow increasingly concerned about climate change. BlackRock announced a week ago its plans to overhaul its investing strategy to make sustainability the new standard, and on Thursday, Microsoft said it’s trying to remove more carbon from the atmosphere than it emits by 2030. Starbucks CEO, Kevin Johnson, said, “By embracing a longer-term economic, equitable, and planetary value proposition for our company, we will create greater value for all stakeholders.”Amazon Files Trademarks For Amazon PharmacyAmazon has filed to trademark Amazon Pharmacy in Canada, the U.K., and Australia, signaling a potential move into selling prescription drugs outside the U.S. According to the Canadian Intellectual Property Office website, Amazon filed for the patent on January 9th. The status is listed as pre-formalized. The trademark also lists other areas that Amazon Pharmacy could move into including surgical, medical dental instruments and pharmaceutical, as well as medical and veterinary preparations. Amazon began its move into the drug space in 2017 when it started to explore whether to build out a team. The following year, the retail giant acquired PillPack, a start-up that specializes in delivering medications to the home, signaling an early focus on the U.S. prescription drug market. The Amazon Pharmacy branding is relatively new. PillPack notified its customers at the end of 2019 that it would be including references to the brand in its printed materials and on its labels. Filing a trademark doesn’t necessarily mean that international expansion will happen in the near future, but it does suggest Amazon will eventually go global, which is in line with its typical business strategy. ClosingWant to stand out? Simplr can help deliver wow moments for your customers through unparalleled customer service support. Visit simplr.ai to learn more. That’s S-I-M-P-L-R.ai.Thanks for listening to this latest episode of Today In Five. We’ll see you tomorrow.
Michael Babineau is cofounder and CEO of Second Measure. Second Measure analyzes billions of credit card transactions to answer real-time questions on consumer behavior. They were in the Summer 2015 batch of YC and you can check them out at SecondMeasure.com.Kevin Hale is a Partner at YC. Before working at YC he cofounded Wufoo.You can find Michael on Twitter @mikebabineau and Kevin is @ilikevests.The YC Podcast is hosted by Craig Cannon.Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year.Learn more about YC and apply for funding here: https://www.ycombinator.com/apply/***Topics00:00 - Intro00:35 - What idea did Mike apply to YC with?01:20 - Where did the idea come from?4:35 - From project to company10:20 - What info did investors want to know that Second Measure could provide?12:05 - Their first customers14:35 - The primary use case of Second Measure for VCs15:20 - What questions are they trying to answer?19:35 - Data examples from their blog21:05 - Post: Fashion retailers have nothing to fear (yet) from the rise of Stitch Fix23:35 - Post: Holiday sales rocket Peloton memberships ahead of SoulCycle active riders25:05 - Post: Prime members deliver for Amazon every day27:35 - Second Measure's product development process29:35 - Finding good data scientists who work from first principles37:05 - Why is credit card data so messy?42:05 - Cleaning data44:20 - Using their product for competitive analysis47:35 - Their sales process49:05 - Raising money from Goldman Sachs and Citi52:05 - Focusing on a specific problem54:05 - Keeping the product compelling when it's table stakes
YC Partner Jared Friedman joins founders Lillian Chou (COO, Second Measure), Diana Hu (CTO, Escher Reality), Calvin French-Owen (CTO, Segment) and Ralph Gootee (CTO, PlanGrid), to talk about what can go right and wrong building technology.Video Link
It’s Wednesday 6th June 2018 and this is your EV News Daily. Good morning, good afternoon and good evening! Wherever you're listening around the world, a very warm welcome from London, UK. Here is today’s news about electric cars and the future of transport. My name is Martyn Lee and I go through every EV article online so you don’t have to. TESLA SHAREHOLDER MEETING Nuggets of information about the Model 3 production ramp and a potential capital raise for the Silicon Valley car maker. Computer History Museum in Mountain View, Calif., will start at 5:30 p.m. Eastern and it will be webcast. Elon Musk usually peppers his introduction with updates on company deadlines and goals TESLA DENIES REPORT CLAIMING THAT 23 PERCENT OF MODEL 3 DEPOSITS WERE REFUNDED You may have heard or read reports that 23% of Model 3 deposits were being refunded, and whilst i was tempted to report it, I have been looking into the company which made the claims, any validity and just checking this wasn’t more of an attempt for them to get their name out for a product or service, and using the power of Tesla to generate headlines. There's no doubt more people have now heard of Second Measure since they issued their claim, which is based on credit card transaction data. Well before I could finish digging into them, Tesla denied Second Measure's figures, with a spokesperson stating, "this does not line up with our data." According to The Drive: "The spokesperson pointed to Tesla's own first quarter shareholder letter for semi-current reservation figures, which were then in excess of 450,000. In its production press release for the same period, Tesla stated that its net reservations "remained stable," attributing any customer refunds to "delays in production in general and delays in availability of certain planned options, particularly dual motor AWD and the smaller battery pack." TESLA HAS INSTALLED A TRULY HUGE AMOUNT OF ENERGY STORAGE Another milestone reached in Solar according to Tesla: "Since 2015, it has installed a worldwide total of a gigawatt-hour of energy storage–technology that is critical for using renewable energy at scale. For comparison, that’s nearly half of the entire amount of energy storage installed globally last year. As the company’s electric car business quickly grows, the energy side of its business is growing even faster" says Fast Company in what they call an exclusive report: "The cost of battery storage keeps falling; between 2010 and 2016, the price across the industry fell 73%, from $1,000 a kilowatt-hour to $273 a kilowatt-hour. By 2020, it may drop to $145 a kilowatt-hour, and by 2025, to $69.5 a kilowatt-hour." CTO JB Straubel said: "It’s at a scale now where it’s undeniably making an impact. We see it as absolutely core to our mission as a company of accelerating sustainability. Electric vehicles, where we started, are one key piece of that puzzle. They’re an enabler for using sustainable energy and transportation, but they need to be linked to an energy generation source . . . We really want to solve this all the way, with a big-picture mind-set of truly solving the problem, not just providing someone a piece of the [solution] and then they have to go and figure out how to charge their car sustainably. The economy of scale that we can derive, and have derived, from building the Model S and the Model X, or now the Model 3 at scale, is what has allowed us to bring down the cost of energy storage for all these different applications." SALES OF HYBRID CARS SOAR AS DIESELS PLUNGE BY NEARLY A QUARTER Adam Vaughan, writing in yesterday's Guardian newspaper here in the UK, says "Sales of plug-in hybrid cars soared by nearly three-quarters year on year in May, dramatically outstripping the 3.4% overall growth in new car registrations." Adam's article continues: "Nearly 4,000 plug-in hybrids, which typically run for about 50 miles on a battery before a combustion engine kicks in, were bought last month, up from 2,301 in May 2017. Registrations of purely battery-powered cars, such as the Nissan Leaf, were up by nearly a fifth, to 1,099. The numbers are still a small fraction of the total 192,649 cars bought in the month but all electrified vehicles combined, including hybrids such as the Toyota Prius, took a record market share of 5.8%." EUROPE UP AGAINST ASIAN JUGGERNAUT IN ELECTRIC CAR BATTERY DRIVE "Chinese electric vehicle giant BYD is looking at launching battery production in Europe, joining Asian rivals aiming to cash in on a green car revolution and threatening attempts by Brussels to nurture a home-grown industry." according to a Reuters report: only Sweden's Northvolt and Germany's TerraE www.terrae.com have plans for large lithium-ion battery factories in Europe so far and some leading European carmakers have already struck deals with Asian suppliers setting up in Hungary and Poland. South Korea’s LG Chem, Samsung SDI both have European factories due to open soon while China’s GSR Capital already produces battery cells at a UK plant it bought from Nissan." However auto makers have had to get on with signing battery or cell supply contracts before they could invest in their electric plans: "German’s BMW said it was not involved in the European alliance while Europe’s biggest automaker, Volkswagen , said it plans to get batteries from LG Chem’s Polish factory due to open this year. Mercedes maker Daimler has awarded a contract to CATL." DAIMLER SAYS ELECTRIC CARS ON TARGET AFTER REPORT OF LAUNCH DELAYS Yesterday Daimler had to issue a rejection of stories circulating that they were struggling with delivering on planned launches for their electric EQ sub brands. Germany’s Handelsblatt said that they were facing delays because of battery shortages and other technical problems. They claimed the delays would mean the EQC isn't even in showrooms until June 2019, however Daimler said they had never specified a launch date for the EQC. Daimler said: "We are on target, there are no delays" BUILDERS WILL BE FORCED TO PUT IN ELECTRIC CAR CHARGERS In Ireland, "New petrol stations, supermarkets and car parks could be forced to install charging points for electric vehicles under proposals being considered by the government." according to the Times. Denis Naughten, the climate and environment minister: "Charging at home at night is the most cost-efficient and eco-friendly way of charging an electric vehicle. Given the high proportion of homes with driveways and dedicated parking spaces, Ireland has greater capacity for home charging than other countries.” GM CHINA TO LAUNCH 10 NEV MODELS BY 2020 General Motors plans to launch 10 heavily electrified vehicle models in China by 2020, and another 10 in the three years between 2021 and 2023 according to GM’s China chief Matt Tsien who was speaking yesterday, June 5th. In China, New energy vehicles is the catch-all term used for pure BEV vehicles, PHEV's and hydrogen fuel-cell vehicles. KESKO TO DOUBLE NUMBER OF ELECTRIC CAR CHARGING POINTS IN FINLAND Heading to Finland next and earlier this week, on Monday, Kesko announced it will build a nationwide network of charging points for electric vehicles in 2018–2019. According to the Helsinki Times: "The retail conglomerate also revealed it will launch a series of projects to develop new mobility services, starting with a car-sharing trial on its premises in seven cities in Finland. Kesko’s charging point network will double the number of electric vehicle charging points, as well as make the retail conglomerate one of the leading charging point operators, in Finland. The network will also account for a fifth of the national target of building 2,000 charging points by 2020. The charging points will be powered by solar panels on the roofs of the retailer’s stores." SWITCH TO ELECTRIC CARS THREATENS 75,000 GERMAN AUTO INDUSTRY JOBS And finally, 75,000 jobs in the engine and gearbox industry could be at risk according to German trade unions. The auto industry itself is a pillar of the German economy with 840,000 jobs in the sector, and EV's are far more simple to construct. Whilst new jobs will be created in battery assembly, they say more will be lost. The report by Reuters quotes Volkswagen's top labour representative Bernd Osterloh: "electric car powertrains have only a sixth of the components when compared to combustion-engined variants, which means electric cars can be assembled more quickly. Electric cars take 30 percent less time to assemble than current passenger vehicles, Osterloh said. A battery factory requires only a fifth of the workforce when compared with an engine plant” Osterloh said. I’d love to spread the word about electric cars so, if you can, share this somebody who might be interested. You can listen to every previous episode of this podcast on iTunes, Google Play, Spotify, YouTube, TuneIn, Stitcher, and the blog https://www.evnewsdaily.com/ – remember to subscribe, which means you don’t have to think about downloading the show each day, plus you get it first and free and automatically. It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. And if you have an Amazon Echo, download our Alexa Skill, search for EV News Daily and add it as a flash briefing. Come and say hi on Facebook, LinkedIn or Twitter just search EV News Daily, have a wonderful day, and I'll catch you tomorrow. CONNECT WITH ME! evne.ws/itunes evne.ws/tunein evne.ws/googleplay evne.ws/stitcher evne.ws/youtube evne.ws/soundcloud evne.ws/blog
– Credit/debit card data analysis company Second Measure reports their findings on Model 3 reservation cancellations (Link) – Tesla CTO JB Straubel shares some thoughts on Tesla Energy (Link) Links: Email > tesladailypodcast@gmail.com Twitter > @teslapodcast Patreon > patreon.com/tesladailypodcast Executive producer Jerome Jorden Executive producer Rob Gill Music by Evan Schaeffer Disclosure: Rob Maurer is long TSLA stock The post Model 3 Reservation Refunds, JB Shares Thoughts on Tesla Energy (06.05.18) appeared first on TechCast Daily.