Interesting stuff in the remote worker space

Saw this today in Pro Rata:

• Terminal, a Toronto-based startup that helps companies “build and scale remote technical teams,” raised US$10 million in Series A funding from Lightspeed Venture Partners, Thiel Capital, Kleiner Perkins, Atomic, Craft Ventures and Jerry Yang.

www.terminal.io

Similar to a company in the SEA scene :: https://www.boltonremote.com

How Amazon Plans To Use Whole Foods to Dominate the Retail Industry | Fortune

Awesome read. I hope Amazon takes Whole Foods global.

How Amazon Plans To Use Whole Foods to Dominate the Retail Industry | Fortune:

The very thing that makes grocery delivery hard—that food goes bad—is the reason it’s so desirable to a company like Amazon. Because cheese grows mold and meat goes rancid and milk sours, consumers can’t hoard it in their cupboards or refrigerators indefinitely as they might toilet paper or laundry detergent. As a result, the average family hits the supermarket at minimum once a week; there’s nothing else you purchase or consume so much or so often. For Amazon, getting in on that frequency is critical to further ingraining itself in our routines and behaviors. “Food is the platform for selling you everything else,” says Walter Robb, the former co-CEO of Whole Foods. “It’s an everyday way into your life. There’s nothing else that happens quite that way.” Amazon’s quest is therefore about much more than just food.

Silly angel stuff

I see this a lot – companies either continually raising from angels or even putting together large seed size rounds made up of angels.

Angel rounds are not bad but do one and then get to the institutional round.

How Lee Fixel, Flipkart’s godfather in New York, changed India’s start-up ecosystem – Livemint

Interesting read – don’t know much about Lee Fixel.

He made some coin on this though.

It seems to me if that if the founders were left alone on FlipKart – none of this would have ever happened.

Still remains to be seen what a post WalMart world will look like.

How Lee Fixel, Flipkart’s godfather in New York, changed India’s start-up ecosystem – Livemint

Depending on the final details, Fixel could make more than $3.5 billion on an investment of less than $1 billion, and still retain a 4-5% stake in Flipkart. That’s a stunning return by any measure. For the exit-starved Indian market, it’s almost beyond belief.