Florian Jansen’s Post

From Techcrunch: E-commerce acquirer Benitago files for bankruptcy ------------------------------- The move comes after the New York-based company raised $380 million in equity and debt in the past two years. #techcrunch #startups #breakingtechnews

🚀 Exciting Moves in Logistics: Flexport Secures $260M Funding from Shopify! 🌐 After a dynamic year, Flexport, the logistics giant, is making headlines with a substantial $260 million fundraising round led by e-commerce titan Shopify, marking their continued strategic partnership. Flexport's journey has been eventful, from last year's acquisition of Shopify's logistics assets to the return of founder Ryan Petersen as CEO in response to shipping volume challenges post-pandemic boom. This funding round follows Flexport's peak valuation of $8 billion two years ago, emphasizing the company's resilience and adaptability. With Shopify's continued support, Flexport is poised for innovative strides in the logistics realm. Stay tuned for more industry-shaping collaborations! #LogisticsInnovation #Flexport #ShopifyPartnership #IndustryLeadership

After raising over $3 Billion, where did Thrasio go wrong? Thrasio was once the darling of the e-commerce world. The company pioneered the concept of rolling up small third-party Amazon marketplace sellers into a consolidated entity to achieve economies of scale. It raised a staggering $3.4 billion in funding since its founding in 2018, becoming the poster child for this new model of digital commerce aggregation. However, this week, Thrasio filed for Chapter 11 bankruptcy protection, leaving many questioning how such a heavily funded company could end up in this situation. So, what went wrong? Three fatal flaws emerged: 1️⃣ Too Much, Too Fast The company aggressively acquired dozens of Amazon sellers, aiming to roll up consolidated brands rapidly. But cramming too many companies together too fast resulted in a bloated, hard-to-integrate mess. 2️⃣ Unexpected E-Commerce Slowdown It banked on the pandemic's temporary e-commerce boom continuing. When shoppers returned to stores and budgets tightened, growth projections crumbled. 3️⃣ Flawed Business Model While aggregating e-commerce brands is theoretically attractive, the realities are far more complex. Consolidating supply chains, organizational cultures, and financials across disparate companies is challenging. Thrasio, apparently, underestimated these difficulties. Thrasio's fall is a sobering example of the hard truths facing startups pursuing hyper growth. Its bankruptcy filing will likely cool investor enthusiasm for the crowded e-commerce aggregation space. Yet some see a valuable baby in the bathwater. Perhaps with more measured strategies and skillful execution, the vision of a Berkshire Hathaway-like digital commerce giant could still materialize. But for now, Thrasio is a monument to unchecked startup ambition and the risks of rolling up companies faster than humanly possible. Its million-mile dream ended in a legendary crash landing. What do you think? Were its goals impossible from the start? Or was there a way to make the model work? Share your thoughts on the lessons from Thrasio's rise and fall. #ecommerce #thrasio #lessonslearned

📣 CALLING ALL ECOMMERCE INNOVATORS! 📣 We are excited to announce that applications are now OPEN for the Black in eCom 2023 Solution Provider Pitch Competition, proudly sponsored by Pharrell's Black Ambition! If you're a Black-owned business delivering innovative e-commerce solutions, from SaaS platforms, logistics, supply chain management, to web 3.0 applications, this is your chance to shine! 🌟 Stand a chance to win a share of $20,000 in prize money 💰 Grand prize is $10,000, followed by $7,000 for the second-place and $3,000 for the third-place winners. Applications are open from now until June 30th, 2023. Don't miss this opportunity to showcase your e-commerce solution at the Black in eCom 2023 conference, taking place August 17-19, 2023, in Atlanta, GA. 👉 Eligibility: One or more founders must identify as Black. The company should be focused on e-commerce solutions. The business must have, at minimum, a minimum viable product (MVP). Ready to take the stage and pitch your solution? Click the link in our bio to submit your application. Remember to include all necessary information about your business, a link to your pitch deck, and a 1-minute video pitch. We can't wait to see your innovative e-commerce solutions! Good luck! 🍀 Apply: https://lnkd.in/gzeJh-QH #BlackInEcom2023 #PitchCompetition #BlackAmbition #Ecommerce #Innovation #Startups #BlackOwnedBusinesses

Catch Thrasio's dramatic flip from king to bankruptcy. 🇺🇸 Thrasio, the e-commerce giant, files for bankruptcy despite a $3B journey. 📉 💡 With $90M in emergency funds, it's a stark pivot for the once-dominant force. 🔄 Restructuring aims to shed $495M in debt, but the road ahead is uncertain. 🌐 The industry watches, pondering the ripple effects on e-commerce aggregation. 🔮 Thrasio's future is a mix of hope and caution, highlighting the volatile nature of tech ventures ❓ What's next for Thrasio? ---------------- #Thrasio #Chapter11 #Ecommerce 📩 To be always up to date subscribe to free newsletter. Link in Bio