On The Market: Valerie Davis

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On The Market is a new series debut featuring Valerie Davis:

 
Let’s start with the most obvious question: why are you leaving Bulk Reef Supply?

I started with Bulk Reef Supply (BRS) in 2012 as a marketing coordinator, primarily for email marketing. Since then, I’ve had the opportunity to fill each seat on the marketing team which put me in the unique situation two years ago to accept the Director of Marketing role.

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Minnesota Ecommerce Captains: Jeremy Segal, Proozy

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Thanks you Irish Titan for underwriting our Minnesota Ecommerce Captains series focused on local leadership in the ecommerce industry.

 
Minnesota tech entrepreneur Jeremy Segal started Lyons Trading Company in 2006 to sell golf and active lifestyle products wholesale. Years later, in 2014/15 he launched Proozy.com to bring the commerce experience direct to consumer.

Since then, the venture has ranked on Inc. 5,000 for the last two years running (#1746, #3255) with $20m of revenue in ’17 — a number that is only going up.

He’s speaking about it all next Wednesday at the Twin Cities Ecommerce meetup hosted by Apruve.

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Q&A With Sezzle CEO Charlie Youakim On The $100m Raise

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On November 15th, Minnesota fintech startup Sezzle announced a $100m funding round to grow its online retail payments business.

Like PayPal, but with micro-installments, consumers can ‘checkout with Sezzle’ and receive a small denomination interest free loan at the time of purchase, on demand.   So by partnering with Sezzle, ecommerce merchants can effectively make more sales by giving their customers more purchasing power.

Sezzle has previously raised ~$12m in equity (most of which came earlier this May) and now CEO Charlie Youkim explains where things are at following the latest milestone:

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Cargill & ADM Form Joint Tech Venture Grainbridge

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Via News Release

“CHICAGO and MINNEAPOLIS, Oct. 29, 2018 /PRNewswire/ — Archer Daniels Midland Company (NYSE: ADM) and Cargill, Incorporated, have agreed to form a technology joint venture, Grainbridge LLC.

The joint venture intends to provide grain marketing decision support, e-commerce and account management software for North American farmers. This includes the development of digital tools designed to help farmers across the U.S. and Canada consolidate information on production economics and grain marketing activities into a single digital platform, at no cost to them.”

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I’m Charlie Youakim, Cofounder & CEO Of Sezzle, And This Is How I Work

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Thanks to Minnesota Tech Startup Supporter Fueled Collective for underwriting our entrepreneur-focused How I Work series!

 

Sezzle was formed in 2016 initially to pursue ACH arbitrage, and after a big pivot they found a product-market fit by offering online retailers a ‘reverse layaway’ checkout service that allows their customers to pay with installments.

As a result of traction, they received $10m investment earlier this year to scale the team, now 30+ overall.

At the helm is CEO Charlie Youakim, interviewed here to learn about his habits and the the way he operates Sezzle on a typical day — inside and outside the office.

What one word best describes how you work?

Determined.

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Q&A With Foodsby CEO Ben Cattoor On The Fresh $15m Round

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$15m in VC made its way to Foodsby last month for hiring up and scaling out the b2b food delivery platform launched in 2012.

The oversubscribed round was led by Piper Jaffray, included all ($6m) Series A major investors, and some new.

CEO Ben Cattoor speaks to that milestone and other facets of where this business is heading next:

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Basketful Bridges The Gap Between Eyes And Stomach

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Via Star Tribune

“Home meals are increasingly prepared on the fly by people leading busy, often hectic lives who are looking for shortcuts to putting food on the table without breaking the budget. A new Minnesota tech startup, Basketful, is trying to simplify the dinner-making process by putting all the ingredients needed for a recipe found online into a digital shopping basket with a click of a button.”

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