goingglobal

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    Indiegogo’s global reach: “If we’re limiting ourself to the US, we’re not providing access to capital for all”

    Crowd funding company Indiegogo recently announced it was launching a Spanish-lanuage version of the site, which may not be the world’s most exciting news. But what is pretty cool is how global Indiegogo has become — largely without serving other languages, other currencies, or having a single employee on the ground outside of the United States. To wrap up our June focus on the Art of Going Global, I chatted with Indiegogo co-founder and CEO Slava Rubin about how exactly…
  • GoingGlobal

    The business cloud: Going global from the start

    If you are a business-to-business (B2B), software-as-a-service (SaaS) entrepreneur, the world is your market. Gone are the days when a company launched in the US, and waited 10 years before expanding overseas. Today, many American entrepreneurs think globally from the start. In fact, many of the pitches we have seen in the last year at Emergence Capital include some kind of international strategy, which is not surprising giving the noticeable change in global outlook among US CEOs.  According to a…
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    Why Israel should reconsider too much high-fiving over Waze

    Earlier this week our wonderful contributor from Israel, Mick Weinstein, wrote a story about a new fund launching and he lead with this: While the Israeli startup community basks in the glow of Waze’s recent $1.1 billion sale to Google, most of the discussion has focused on how Waze validates Israel’s effort to create hugely valuable, globally scaled consumer internet services — a relatively new field for an ecosystem that previously excelled in semiconductors and enterprise software. I have…
  • global butterfly

    Global womens e-tailer Modnique acquires TOTSY to expand into kids

    For most ecommerce companies, international expansion is an afterthought until well into establishing a successful business. Prevailing wisdom is that it’s imperative to achieve product-market fit – which for those in the fashion category means building a compelling brand, honing merchandising, and developing a sustainable business model – before attempting to duplicate this success across multiple markets. Apparently, not everyone agrees. Los Angeles-based Modnique took the complete opposite approach, launching from day one in multiple countries, and yet, somehow, created…
  • Beta China horizontal

    Why the “Steve Jobs of China” is crucial to the country’s innovative future (Book excerpt)

    It’s early afternoon on April 6, 2012, and the new superstar of the Chinese Internet is pacing the stage in a baggy white T-shirt. Behind him is a giant slide deck that stretches the width of a warehouse wall. Hundreds of fans have come to Beijing’s hip 798 art district for the occasion. They’re packed into a former manufacturing plant wearing loud orange T-shirts, brandishing banners, and wielding the device that brought them here in the first place – the…

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    Confused by China? Download Hamish McKenzie’s new eBook right this second

    When I hired Hamish McKenzie last year he told me he already had plans to spend the summer in China. “Maybe you could write an ebook about your experience,” I suggested. That naive off-handed suggestion has made Hamish’s life hell for the better part of his time at PandoDaily. He’s chipped away at this project in his off-hours since last summer, without extra pay, going back and forth in between edits and more reporting and more edits. He’s talked to…
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    SMS with videos: Invi’s visual take on the mobile messaging craze

    In our PandoWeekly interview the other day, Kik founder Ted Livingston said that he believes messaging is the killer app on mobile. Indeed, messaging apps are taking over the world, so much so that Facebook felt compelled to create a “apperating system,” Home, that put messaging front and center. Just look at the numbers: China’s WeChat claims 400 million users; WhatsApp has 250 million; Line has topped 150 million; Nimbuzz has more than 100 million; KakaoTalk has 90 million; and…

  • global_view

    “Either you will be a global company, or you won’t be a company”

    Our PandoMonthly with Fred Wilson was one of our most popular so far, and it was brought to you by Smartling — a company that makes it possible to adapt your website into multiple different languages and manage all those versions quickly and easily. It was a fitting sponsorship, because many of Wilson’s best known companies like Foursquare, Twitter, and Zynga have massive, massive audiences overseas. Part of the explanation for consumer Internet companies’ massive valuations this time around…
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    DailyLook reveals its secret to customer loyalty and high conversions: Sell looks, not items

    If a business model can be applied to women’s fast fashion ecommerce, chances are it has been. Flash sales, subscriptions, mystery boxes, and others have all been in vogue at one point or another over the last several years. But, in the end, none of these models really deliver a great shopping experience. For the self-confident and experimental fashionistas, mixing and matching items from across the Web is likely a non-issue. But many consumers appreciate guidance and inspiration on how…
  • Truecaller founders Nami Zarringhalam and Alan Mamedi

    How Truecaller went from 2M to 20M users in the space of a year

    Stockholm, Sweden is home to a wealth of exciting startups and tech companies that are known as much for their sexy design and businesses as they are for their innovation, whether it be Spotify (music), Klarna (payments), Tictail (ecommerce), or King (games). One of the city’s best-kept startup secrets, however, is a small company called Truecaller, whose business is about as prosaic as it is unsexy. Founded in 2009, Truecaller has taken the old-school phonebook and turned it into a…

  • LightInTheBox

    Prospects grow brighter for Chinese tech IPOs as LightInTheBox pops on day one

    Today brought more good news for Chinese tech companies hoping to go public in the US. Beijing-based LightInTheBox, a global-facing ecommerce retailer, had a smooth initial public offering on the New York Stock Exchange, raising $79 million and immediately seeing its stock price climb from $9.50 to above $12. The price dipped below $12 just before the markets closed for the day. The outing follows a similarly successful IPO by fellow Chinese tech company YY in November. LightInTheBox CEO Allan…

  • gift giving

    Why AnyPerk might be the best Japanese import since Ichiro

    Silicon Valley is accustomed to seeing its tech ideas being adopted in other countries and localized for their particular markets, but it doesn’t often happen the other way around. Taro Fukuyama, however, is bucking the trend with a startup called AnyPerk, an employee rewards platform that already has 2,500 customers after just 18 months in business. Fukuyama grew up in Tokyo, but he spent a year in St Louis, Missouri, on a high-school exchange program and decided that he one…

  • Same-day delivery’s for suckers – now a Chinese ecommerce giant has three-hour delivery

    A couple of days ago, we flagged Kleiner Perkins Caulfield & Byers partner Mary Meeker’s presentation at the D11 conference, and looked at the special attention she paid to China. Among the many data points she had to share about the world’s biggest Internet market, Meeker included a slide that showed how ecommerce giant Jingdong (formerly 360buy) offers same-day delivery in more than 25 cities. The delivery routes, she noted, could be tracked via a map, and shoppers could even…

  • free speech in china

    Hey, what’s this? An admission that the US can learn from China

    Kleiner Perkins Caulfield & Byers partner Mary Meeker presented her annual slideshow at the D11 conference today, and, nestled in among the data-happy goodies, she had a message for the US tech industry: You might actually learn something from China. That’s a message we here at PandoDaily have been pushing for a while, especially with regards to Twitter, which we think could benefit from copying a few things from Sina Weibo. Maybe – just maybe – it could be also…

  • conquer europe

    JustFab acquires The Fab Shoes in search of European domination, approaches $250M revenue rate

    One year into its onslaught on Western Europe online women’s fast fashion retailer JustFab has acquired The Fab Shoes (no relation) to accelerate its pace. The move will add 500,000 subscribers in France and Spain to its existing 1.5 million in Germany and UK, bringing its global total to more than 15 million members. More important will be the addition of an experienced team across both markets to further its continental buildout. All 12 of The Fab Shoes’…
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    New Zealand-based Vend raises $8M without turning to the Valley

    The conventional wisdom about New Zealand startups – and even Australian ones – is that they have to look outside of their home country when it comes time to raising serious money. In both countries, there’s often enough capital for startups to get seed funding, but there’s rarely enough for a Series A. Vend, an Auckland, New Zealand-based retail operating platform, has just defied that logic. The three-year-old startup has just closed an $8 million round, funded by…

The Week in Review