Daily Entrepreneurship- International (3 April 2019)

Entrepreneurship is a marathon, not a sprint

Being an entrepreneur, you are told, is a long and lonely journey. It is not a sprint, but a marathon. You need to have passion and fire in the belly to succeed as an entrepreneur. You trip and stumble, you need to get back quickly on to your feet and resume running. As an entrepreneur, you need a lot of stamina to stay the course. And, ask founders about their journey, a lot of them tell you that it is like running a full marathon.

[More Info…]

Restaurant tech startup Toast, seeing runaway growth, says it is worth $2.7 billion

Steve Fredette encountered plenty of skepticism when launching the restaurant tech company Toast. One venture capitalist told Fredette he wouldn’t be able to sell to eateries, because the establishments would either not understand his technology, or be unwilling to pay for it.

Six years later, Toast’s platform, which helps clients manage functions such as point-of-sale payments and order management, is in tens of thousands of restaurants — and the Boston company that Fredette co-founded says it is now worth $2.7 billion.

[More Info…]

McDonald’s invests in Mobile Software Company Plexure

McDonald’s Corp. on Monday said it has made an investment in the New Zealand-based mobile engagement company Plexure as the company continues to be more aggressive in using unique technologies inside of its restaurants.

It’s McDonald’s first investment in a mobile app vendor. But it’s the company’s second major investment in a technology company.

[More Info…]

Flipkart co-founder and other top names join AngelList’s first investment syndicate in India

A little over a year after it introduced Syndicates to the India market, AngelList — the U.S. service that helps connect companies with investors — is rolling out its own fund in the country with the backing of some stellar names.

Dubbed ‘The Collective,’ the syndicate includes money from Flipkart co-founder Binny Bansal — Flipkart, of course, sold a majority stake to Walmart for $16 billion last year — and VCs Salil Deshpande of Bain Capital Ventures, Matrix India trio Avnish Bajaj, Tarun Davda and Vikram Vaidyanathan, Navroz Udwadia from Falcon Edge Capital and Rahul Mehta of DST Global. There’s also involvement from funds that include Kalaari Capital, FJ Labs and Beenext.

[More Info…]

RIO Investment Partners Launches New Agri-Food Venture Capital Fund

Rio Investment Partners (“RIO”) is pleased to announce the launch of a new venture capital fund focused on Agri-Food investing across the North American ag-tech and food-tech value chain.  RIO invests in growth stage companies operating in the various segments of the agri-food tech continuum and seeking capital of $3 to $10 million to catalyze their expansion strategies. RIO is targeting $150 million of total committed capital and has secured $77.5 million in a first close.

[More Info…]

Microsoft teams up with BMW for the IoT-focused Open Manufacturing Platform

Car companies are making big investments in technology to help ensure that they are not cut out of the next generation of transportation and automotive manufacturing, and today came the latest development in that trend.

The BMW Group and Microsoft announced they would team up in a new effort called the Open Manufacturing Platform, aimed at developing and encouraging more collaborative IoT development in the manufacturing sector, focusing on smart factory solutions and building standards to develop them in areas like machine connectivity and on-premises systems integration.

[More Info…]

Walmart partners with Google on voice-enabled grocery shopping

Car companies are making big investments in technology to help ensure that they are not cut out of the next generation of transportation and automotive manufacturing, and today came the latest development in that trend.

The BMW Group and Microsoft announced they would team up in a new effort called the Open Manufacturing Platform, aimed at developing and encouraging more collaborative IoT development in the manufacturing sector, focusing on smart factory solutions and building standards to develop them in areas like machine connectivity and on-premises systems integration.[More Info…]