Articles & Tutorials

"Exclusive to Bright-Minded Ecommerce & DTC Entrepreneurs."

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Channel Talk
June 21, 2023

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Articles & Tutorials

Discover the captivating journey of Kristin Mortensen and Melissa Jenski, the co-founders of Good Grief, as they share their inspiring tale of entrepreneurship. From personal adversity to a shared vision of supporting others, their story unveils the remarkable resilience and adaptability required to establish their successful venture.

Rever, an online returns startup, raised €7.5M from investors including Mundi Ventures, Y Combinator, and a Sequoia scout. They streamline online retailer returns, anticipate revenue growth in 2023, and expand services in Europe. This is significant for startups seeking resources and venture capital firms supporting innovative returns management startups.

Boox expands to Canada with ReturnBear partnership, offering circular packaging solutions and easy returns at drop-off locations. They strive to eliminate single-use waste and create a sustainable supply chain, aligning with ReturnBear's mission to reduce waste in online shopping. 

Suleyman's book questions the Turing test's relevance in measuring AI and suggests a new test for artificial capable intelligence (ACI). He proposes giving an AI $100,000 to turn into $1 million through e-commerce, expecting AI to achieve this within two years, impacting the world economy.

Altman: Generative AI tools should prioritize inclusivity, involve public consultation, address bias, and data localization. He calls for government regulations and plans to enhance ChatGPT. Google Cloud VP Yang encourages cautious adoption and collaboration. Alibaba Cloud develops customized generative AI models for industries.

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Food for Thought

Orson raised $3M to expand generative AI investment in video storytelling, developing StoryStrip™ technology, new AI products, and scaling the team. They combat the lack of human connection by automating compelling video episodes through interviews, story crafting, editing, and scoring using generative AI.

Ecommerce businesses now have specialized funding options. Utilize ecommerce funding for inventory, new product launches, advertising, and storage/shipping. Additionally, consider expanding into new marketplaces, negotiating with suppliers, refinancing debt, and hiring consultants. Strategically using ecommerce funding can drive business growth and enhance profitability. 

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Featured Brands

Klarna secures $1B in funding, becoming Europe's top fintech. Its Buy-Now-Pay-Later platform enables payment flexibility. With online store integrations and a shopping app, Klarna streamlines eCommerce transactions. It expands services with savings and current accounts for stronger user relationships.

Snackpass, a 2017-launched social food app, offers affordable and convenient ordering. Popular on campuses and in offices, it provides discounts, gifting, and loyalty points. Social media integration drives its growth, supported by significant investments, including a $70M series B round, for expanding across the US. 

CloudTalk, a SaaS eCommerce company, raised €6 million in Series A funding led by henQ and Point Nine Capital. It offers a personalized customer service system with a virtual 'phone suite' that integrates with leading CRM systems. Targeting small to medium-sized businesses globally, CloudTalk has achieved significant growth with an 8x valuation increase since its 2019 seeding round of €1.3 million. 

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Hacks & Tools

Commerce tools empowers businesses with innovative commerce solutions for tailored experiences and scalable growth. By decoupling backend and frontend, they disrupt traditional commerce and set a new standard for agility. Built on MACH® principles, their services support businesses in adapting to market demands and building profitable brands.

Freshdesk is a customer support tool with canned responses, social media management, and ticket tracking. It offers different plans, including a free option. Bridgestone Corporation achieved time savings and faster responses using Freshdesk's automation.

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