BNPL competitors heats up, Bowery Farming TC-1, Silicon Valley goals – TechCrunch

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Is Southeast Asia about to hit an inflection level for tech startups?
4 hundred million folks within the area already use the web, however by yr’s finish, one estimate means that 80% of the inhabitants over the age of 15 in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will likely be digital shoppers.
“As per Jungle Ventures’ calculations, the entire worth of the area’s digital firms is round $340 billion right this moment and is estimated to develop to $1 trillion by 2025,” says founding companion Amit Anand.

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E-commerce, fintechs and the fast digitization of the area’s SME workforce are just a few of the elements reshaping the panorama for Southeast Asia’s startups, however provide chain know-how can also be a significant alternative, Anand says.
“With new offers and intentions to record within the U.S. being introduced extra incessantly, the area exhibits no signal of slowing down and the start of many extra unicorns is on the horizon.”
Thanks very a lot for studying TechCrunch+ this week!
Walter ThompsonSenior Editor, TechCrunch+@yourprotagonist

The Bowery Farming TC-1
Picture Credit: Nigel Sussman
Simply over a tenth of People have jobs in meals and agriculture, so it’s simple to see why many people lack a eager consciousness about what we’re consuming or the place it comes from.
Our meals provide isn’t as safe or predictable as we assumed: Local weather change, security recollects, the COVID-19 pandemic and even immigration insurance policies can immediately impression what’s accessible on the retailer.
The technological leaps that made it attainable to feed (most of) the world is not going to see us by means of the subsequent century except we alter course.
Plant-based protein has gotten numerous press, however vertical farming that leans on {hardware} and robotics has reached scale, studies Brian Heater, TechCrunch {hardware} editor.
In a four-part collection, he explores the origins and operations of Bowery Farming, a worthwhile startup that has raised nearly $500 million since 2015 to create new tech and amenities that elevate leafy greens bought in practically 900 markets.
Half 1: Bowery Farming is forcing us all to search for at the way forward for vertical agriculture
Half 2: Hacking lettuce for style and revenue
Half 3: Can LEDs finally change the solar?
Half 4: The voracious combat on your salad bowl

Since Massive Tech got here to Denver, traders can’t purchase sufficient native startups
Picture Credit: Nigel Sussman (opens in a brand new window)
Denver, Colorado is nicknamed the Mile Excessive Metropolis, however enthusiastic traders don’t appear to thoughts the skinny air.
“Per a current CB Insights report, Denver-based startups raised round $2.7 billion in all of 2020,” report Anna Heim and Alex Wilhelm in right this moment’s version of The Change.
“The identical dataset says that startups within the metropolis have raised $3.1 billion by means of Q3 of 2021 — extra capital in much less time.”
Colorado’s central location and high quality of life have made Denver and close by Boulder enticing hubs for Massive Tech companies. Now that distant work has turn into the norm, distant funding within the space has dialed up as properly.
“Denver was prepared for the Zoom increase, and is reaping the — enterprise capital — rewards.”

Bank card and funds firms compete for a slice of the rising BNPL market
Picture Credit: Photograph Ideas (opens in a brand new window) / Getty Photos
Giving shoppers the comfort of deferring cost for a product isn’t a brand new concept, however now that upstarts like Klarna, Afterpay and Affirm have taken the idea to the subsequent stage, legacy bank card firms and cost companies are taking discover.
Mary Ann Azevedo and Ryan Lawler have recognized a “gradual emergence” within the BNPL house “of a symbiotic relationship between conventional monetary establishments, funds upstarts and main firms.”
Visa introduced this week that many firms are utilizing its know-how to energy point-of-sale BNPL options; final month, its rival rolled out Mastercard Installments, its bespoke providing.
“It’s not likely a shock that these bank card firms are stepping it up in relation to BNPL,” reported Ryan and Mary Ann. “If something, it’s a marvel that it took them this lengthy.”

Pricey Sophie: Any recommendation for dwelling my goals in Silicon Valley?
Picture Credit: Bryce Durbin/TechCrunch
Pricey Sophie,
After looking for an H-1B job to immigrate to america for a number of years, I took a senior software program engineer place with an organization in Canada.
My dream is to immigrate to Silicon Valley to begin my very own enterprise. Any recommendation?
— Keen Entrepreneur

Closely VC-backed salad chain Sweetgreen heads towards public markets
Picture Credit: Adam Glanzman/Bloomberg / Getty Photos / Getty Photos
At a earlier job, I labored close to a Sweetgreen location, stopping in as soon as every week to choose up our startup’s lunch order.
The salads have been scrumptious, however the costs positively made me recognize our free lunch coverage. Whereas studying Alex Wilhelm’s evaluate of Sweetgreen’s S-1, I recalled one thing else: every time I visited, I used to be often the one buyer ready for a pickup.
Closely reliant on digital orders and workplace employees, Sweetgreen “is relatively unprofitable and doesn’t look like on the cusp of a fast march towards profitability,” writes Alex.
On the identical time, “the corporate’s general marketing strategy seems sound on paper.”

Tips on how to root out shadow IT and maximize SaaS investments
Picture Credit: MirageC (opens in a brand new window) / Getty Photos
In a contemporary, principally distant office, unapproved SaaS functions utilized by particular person workers could result in duplicate subscriptions, wasted IT spend and better threat of a knowledge breach.
How do you thrust back the shadows? Simply shine a light-weight in your SaaS portfolio, in accordance with CEO and co-founder of Zylo, Eric Christopher.
“As soon as IT has a line of sight into all functions in use and the way they’re used, they’re positioned to optimize investments,” he says. “Implementing self-service SaaS at your group is less complicated than you could suppose.”

Robinhood’s nasty quarter exhibits the ups, downs of buying and selling incomes
Picture Credit: Nigel Sussman (opens in a brand new window)
Any inventory that trades on the prospect of an organization’s progress relatively than its present enterprise worth is treading on skinny ice.
So when buying and selling platform Robinhood reported worse-than-expected Q3 income and revenue, and predicted This fall income additionally beneath analysts’ expectations, the market responded.
In an in-depth examination of the corporate’s Q3 outcomes, Alex Wilhelm discovered that Robinhood’s person base, crypto buying and selling revenues and income per person all fell, which led to its profitability “taking a beating.”
If competitor Coinbase “has seen even a fraction of the downturn that Robinhood has skilled when it comes to crypto transaction incomes, it might have a troublesome quarter,” he says.

How 2 firms leveraged natural and inorganic progress
Picture Credit: Ivan Bajic (opens in a brand new window) / Getty Photos
Taking a considerate, balanced method to combining natural progress with the booster shot of a merger or acquisition can unlock sustainable progress, writes Progress Companions’ senior managing director, Chris Legg.
He highlights two examples of profitable M&A methods:

Outdoors Inc.’s aggressive vertical acquisition spree to increase its choices whereas coming into utterly new markets.
Trusted Media Manufacturers’ cope with Jukin Media to diversify its content material and improve its promoting base.

Crafting a pitch deck that may’t be ignored
Picture Credit: Boris SV (opens in a brand new window) / Getty Photos
To search out out what a pitch deck wants to face out, Managing Editor Danny Crichton hosted a panel at TechCrunch Disrupt that includes Mar Hershenson, the founding MD of Pear VC; Mercedes Bent, a companion at Lightspeed, and Saba Karim, who heads the worldwide startup pipeline at TechStars.
Their chat comprises helpful insights into how pitches have advanced over the previous yr, the VCs’ thought course of when studying decks and what founders ought to concentrate on in the event that they don’t wish to be ignored.
“The decks are getting higher and higher when it comes to design,” stated Bent. “I feel increasingly more folks have realized that the visible illustration of your deck is simply as essential as the fabric and the content material that’s in there.
Originality positively helps an entrepreneur break other than the group, stated Karim.
The most effective pitch deck that I received in a unique format could be from an organization that lately received into TechStars — it was truly a podcast model of their pitch deck that had my face on it. I went into Apple Podcasts and it stated, “Hey, Saba, right here’s my pitch.” That was superb! However the second or third time that occurs, it won’t be as spectacular as a result of I’ve seen it earlier than.

Allbirds flotation ought to assist the market kind the worth of tech-enabled IPOs
Picture Credit: Nigel Sussman (opens in a brand new window)
I’ve all the time had an curiosity within the origin of phrases: We use “bellwether” as a time period to explain trendsetters, nevertheless it initially referred to a sheep with a bell tied round its neck, which inspired the remainder of the flock to comply with.
Equally, IPO filings provide a glimpse into an organization’s interior workings, however they’ll additionally provide perception into prevailing market developments.
Tech-enabled footwear maker Allbirds’ IPO submitting serves each functions fairly properly, studies Alex Wilhelm: The corporate expects to debut between $12-$14 per share, which might worth it about $2 billion on the higher finish of the vary — not removed from the place Lease the Runway debuted at in its IPO this week.

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