Restaurant reservation and management platform Resy, which calls itself the largest private reservation service in the US, is being acquired by American Express. Terms of the transaction were not disclosed. “American Express is a brand that we have admired and sought to partner with from our inception. There are myriad points of synergy between Resy […]
The latest venture capital, seed, and angel deals for NYC startups for 12/19/18 featuring funding details for Tokr and The Wing.
Hospitality technology platform Reserve has been acquired by Resy to become the largest private reservation service in the US. Terms of the transaction were not disclosed. “Since we started selling Reserve table management in 2015, we’ve demonstrated strong growth by expanding our product offering and geographic footprint to provide an alternative system that’s actually aligned with […]
Today, I take a look at the 20 companies that have raised the largest startup funding rounds in the US in 2017 using some data from our friends at Crunchbase. In addition to dollar amount, I have included industry, round, brief description of the company, founding, date, date of funding and total equity funding raised to further […]
To an eager entrepreneur, it can seem like demand for certain products will never die. However, there are certain categories that that are no longer making room for improvement from newer startups.
Cardinal Sin #1: Delusions of Grandeur The worst kind of founder is one who thinks they are the second coming of Christ. NO, your company isn’t going to be worth billions. NO, your idea won’t change the world and feed the poor or stop climate change or bring peace to the Middle East or save […]
Changing the world is not so obvious at the beginning. As Airbnb’s valuation grows to north of $18 billion, it is hard to imagine the company as anything other than the “global hospitality brand” it aspires to become. For someone who was a former road warrior, to realize my default search for travel lodging does not […]
When you are starting a new company you are, by definition, the underdog. Your market may have established competitors with massive resources, or maybe the market is new and unproven. As the underdog you are at a disadvantage in the game of business and if you play the game by the rules you will lose. […]
Within Red Rocket’s “101 Startup Lessons—An Entrepreneur’s Handbook” I have detailed plenty of low-cost marketing lessons, so be sure to read (or re-read) those posts for more details about how best to market your startup. But the goal of this lesson is to try and pull it all together and demystify the concept of growth […]
Lemonade stands may appear on the surface to be simply about selling lemonade but when you look deeper, it’s much more dynamic. There’s the producer side, which produces the key ingredients. There’s the consumer side, which buys the ingredients to create the lemonade. And then there’s the supplier side, which supplies the materials and tools […]