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The State of European Food Tech 2021
The State of European Food Tech 2021 MARCH 2021 2020 marked an inflection point Covid-19 accelerated egrocery Food production and for foodtech, as consumers adoption, and the emergence of transformation is catching up reassessed how they eat new food distribution models with consumer-facing foodtech The pandemic has driven radical changes in We believe the egrocery to be bigger than food B2B food companies may take longer to unlock consumer behaviour and accelerated adoption delivery, as total market for groceries is $2.1tn growth than B2C but the opportunity could be of meal and grocery deliveries, some of which is compared to $0.6tn for restaurants. Egrocery bigger representing €1.7bn of capital investment in 2020 . here to stay. It also highlighted big inefficiencies companies have seen skyrocketing growth in in the food supply chain and raised awareness 2020 (3x to 10x vs 2019), as convenience turned The pandemic highlighted inefficiencies in the for a healthier and sustainable food system. into necessity. food supply chain and the need for new technology solutions. Investments to enable 2020 saw continued growth in food startup As demand shifted away from food services, supply chain automation, or funding to indoor investor interest, with €2.4bn invested in 2020 meal kits companies efficiently stepped in and vertical farming have been on the rise. (+12x vs 2013) and an increase of foodtech together with virtual/dark kitchens, and Insect production and food waste management also attracted large VC funding. startup valuations (+156% vs 2019). removed previous doubts over these models. Quick-commerce startups (the 15 minute As consumer interest in sustainable alternatives European foodtech unicorns are now large, delivery from local dark stores), the last grows, so do investments and valuations in the international players, catching up with their US newborn in the grocery space, drew most plant-based and cell-based sector (10x in 5 counterparts (i.e. -
Mutual Funds As Venture Capitalists? Evidence from Unicorns
NBER WORKING PAPER SERIES MUTUAL FUNDS AS VENTURE CAPITALISTS? EVIDENCE FROM UNICORNS Sergey Chernenko Josh Lerner Yao Zeng Working Paper 23981 http://www.nber.org/papers/w23981 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 October 2017 We thank Slava Fos (discussant), Jesse Fried, Jarrad Harford, William Mann, Ramana Nanda, Morten Sorensen, Xiaoyun Yu (discussant), and conference participants at the Southern California Private Equity Conference, London Business School Private Equity Symposium, and the FRA Meeting for helpful comments. We thank Michael Ostendorff for access to the certificates of incorporation collected by VCExperts. We are grateful to Jennifer Fan for helping us better interpret and code the certificates of incorporation. We thank Quentin Dupont, Luna Qin, Bingyu Yan, and Wyatt Zimbelman for excellent research assistance. Lerner periodically receives compensation for advising institutional investors, private equity firms, corporate venturing groups, and government agencies on topics related to entrepreneurship, innovation, and private capital. Lerner acknowledges support from the Division of Research of Harvard Business School. Zeng acknowledges support from the Foster School of Business Research Fund. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2017 by Sergey Chernenko, Josh Lerner, and Yao Zeng. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. -
DSA Partnership Award Submission
DSA Partnership Award Submission Multibrain Network, Inc. | 11022 Santa Monica Blvd, Suite 330 | Los Angeles, CA 90025 | [email protected] | (855) 34 BRAIN | www.multibrain.net HELLO MULTIBRAIN In 2012, Chief Brain and CEO of Multibrain Scott Kramer met a table full of legends in Direct Selling during a DSA luncheon. From there, the entertainment and media pioneer, dedicated his company (Multibrain) to building the tools and training much needed to take the Direct Selling industry to the next level in technology, and a mission of defining Social Selling in the digital arena. Over the last (7) years, the team at Multibrain has given total focus to training, supporting and providing the tools for Direct Selling consultants to build their business, via social media and establishing their own communities/networks. Today, Multibrain provides solutions for the four core aspects of what they define as Social Selling, beginning with Training the field on the ever-changing world of Social Media. Multibrain has evolved in step with technology and developed a business focused on four pillars for enterprise corporate success, termed “controlled empowerment,” with an approach of “bottom up” beginning at the field level. To date, the Multibrain platform has been successfully implemented by top Direct Selling companies and over 280,000 individual consultants who have generated over 10 million new prospects (connections) in a funnel approach to generating new sales and recruits. Multibrain thrives in its ability to “find new people to talk to” for its users, and a platform as easy to use with a single click. Multibrain Network, Inc. -
Holmen Highlights
HOLMEN HIGHLIGHTS FEBRUARY, 2020 Hello Students and Families, INSIDE THIS ISSUE: Term 3 is off to a great start! Many students have started new courses and we continue to work and grow in our Professional Learning Communities (PLCs). In our PLCs our teach- ers talk about continuous improvement with a focus on three major areas: student learn- ing, collaboration, and results. Our staff is striving to answer four key questions: what do we want all students to know and be able to do, how will we know if they have learned it, how will we respond when some students do not learn, and how will we extend the learn- ing for students who are already proficient? Our teachers are working to implement a guaranteed and viable curriculum unit by unit: selecting priority standards and learning targets, developing common formative assessments, developing common summative assessments, and using data to improve instruction. We have course level teams in vari- ous places of this process and we are committed to learn and grow as we continuously improve in the focus area of student learning. Junior class and Sophomore class Advisors have started to work through our 2020 ACT Test Prep. In December we shared the Parent/Student Method Test Prep Video. The 11th Grade ACT Test, March 3rd, along with our 10th and 9th grade Aspire Test, April 22nd and 23rd, play an important part of our School Report Card. We use this data to determine where we have gaps in our curriculum or instruction. Please encourage your 11th and 10th grade son/daughter to take full advantage of the free Method Test Prep. -
How to Market Music to Gen-Z: Current Tips & Future Trends PAGE 2 2020 WHAT a YEAR, HUH?
How To Market Music To Gen-Z: Current Tips & Future Trends PAGE 2 2020 WHAT A YEAR, HUH? HERE AT FANBYTES WE'VE BEEN KEEPING AN EYE ON THINGS AND A LOT HAS CHANGED... 2020, the year of coronavirus, the shutting of venues and the cancelling of festivals. It's been an unprecedented time for all of us but particularly trying for us working in music. As we come out of the other side of summer we wanted to share with you some of the biggest trends across social media from over the summer, some of our most recent standout campaigns, a few tips and tricks on how to market to Gen-Z and finally our two cents on some of the coming future trends that you can tap into. PAGE 3 TIPS & TRICKS FOR MARKETING MUSIC TO GEN-Z PAGE 4 TIPS & TRICKS FOR MARKETING MUSIC TO GEN-Z UNDERSTAND YOUR AUDIENCE Gen Z refers to people born between 1995 and 2009. They’re called ‘digital natives’, having grown up with the internet around them. Gen Z’s environment shapes their preferences: 66% of them use more than one internet device at a time, 75% strongly prefer their smartphone to other devices and the average Gen Z’er spends 10 and a half hours online daily. They spend 23 hours a week online watching video content, and prefer short- form content on TikTok or YouTube. Feeling the pressure to be perfect on Instagram, Gen Z are looking for other ways to connect online, leading to younger audiences on networks like TikTok and Snapchat. -
Advanced Mobility Market Update
Advanced Mobility Market Update February 2018 Electric Ecosystem Mobility-as Autonomous Data & Vehicles Intelligence -a-Service Infrastructure Analytics About Greentech Capital Advisors Our mission is to empower companies and investors who are creating a more efficient and sustainable global infrastructure. We are purpose-built to ensure that our clients achieve success. We have deeply experienced senior bankers and investment professionals who are sector experts and understand our clients' industry and needs. We reach a vast global network of buyers, growth companies, asset owners and investors, and thereby provide clients with more ways to succeed through a deeper relationship network. We have directly relevant transaction experience which enables us to find creative structures and solutions to close transactions. We are an expert team of 55 professionals working seamlessly on our clients' behalf in New York, Zurich and San Francisco and through a strategic partnership in Japan. Our team of experienced bankers and investment professionals provides conflict-free advice and thoughtful, innovative solutions, and we do so with an intensely focused effort that does not stop until our clients achieve success. Greentech Capital Advisors / 1 Advanced Mobility Market Update Recent News Business > Autoliv will spin-off of its Electronics business segment–now to be named Developments Veoneer–to create a new, independent, publicly traded company that will focus on ADAS and autonomous driving (Cision) > Bosch is establishing a new dedicated mobility -
Real Estate to Oil and Gas to Revenue Generating Growth Companies
2018 NEWSLETTER We hope you enjoy reviewing our first annual newsletter highlighting some of our activity from 2018 and including a few notes regarding our anticipated focus for 2019. RGI and Marc Realty Capital (“MRC”) have remained very active since the downturn in 2008. Between 2009 and 2015 we were focused on buying a deal every 10 days in core Chicago neighborhoods, mostly from distressed sellers. In 2016, we were forced to shift away from Chicago multifamily as pricing appeared too high for our risk tolerance. Rather than limit ourselves to one niche market, we spent significant time finding operating partners nationally to capitalize on numerous and potentially uncorrelated niche markets ranging from real estate to oil and gas to revenue generating growth companies. We even traveled to Dubai and sub-Saharan Africa in search of mispriced opportunities. While we are in the process of developing several institutional real estate assets, we tend to also thrive in mid-market private investment deals. 50% or more of a deal’s success is based on the market, which we can not control. However, we do have control over buying the right assets in attractive markets as well as partnering with and overseeing the best operators. BELOW IS A SAMPLING OF SOME OF THE DEALS THAT RGI SUCCESSFULLY COMPLETED IN 2018: REAL ESTATE 800 S WELLS, CHICAGO, IL $150,000,000 All-In Basis DECEMBER 21, 2018 This transaction is the largest ever condo deconversion globally, comprising 449 residential units, 250,000 NRSF of retail and office space, and 150 parking spaces. RGI partnered with The Wolcott Group, MRC and Fred Bronstein running point for the real estate team at Elliott Management Corporation to purchase this building known as “River City.” If fully rented today, in its current condition, the as-is cap rate of this purchase is around 6% and we believe we will stabilize this to over a 7% cap rate. -
Mckinsey on Finance
McKinsey on Finance Perspectives on Corporate Finance and Strategy Number 59, Summer 2016 2 5 11 Bracing for a new era of The ‘tech bubble’ puzzle How a tech unicorn lower investment returns creates value 17 22 Mergers in the oil ‘ We’ve realized a ten-year patch: Lessons from strategy goal in one year’ past downturns McKinsey on Finance is a Editorial Board: David Copyright © 2016 McKinsey & quarterly publication written by Cogman, Ryan Davies, Marc Company. All rights reserved. corporate-finance experts Goedhart, Chip Hughes, and practitioners at McKinsey Eduardo Kneese, Tim Koller, This publication is not intended & Company. This publication Dan Lovallo, Werner Rehm, to be used as the basis offers readers insights into Dennis Swinford, Marc-Daniel for trading in the shares of any value-creating strategies and Thielen, Robert Uhlaner company or for undertaking the translation of those any other complex or strategies into company Editor: Dennis Swinford significant financial transaction performance. without consulting appropriate Art Direction and Design: professional advisers. This and archived issues of Cary Shoda McKinsey on Finance are No part of this publication Managing Editors: Michael T. available online at McKinsey may be copied or redistributed Borruso, Venetia Simcock .com, where selected articles in any form without the prior written consent of McKinsey & are also available in audio Editorial Production: Company. format. A series of McKinsey Runa Arora, Elizabeth Brown, on Finance podcasts is Heather Byer, Torea Frey, available on iTunes. Heather Hanselman, Katya Petriwsky, John C. Sanchez, Editorial Contact: Dana Sand, Sneha Vats McKinsey_on_Finance@ McKinsey.com Circulation: Diane Black To request permission to Cover photo republish an article, send an © Cozyta/Getty Images email to Quarterly_Reprints@ McKinsey.com. -
The Example of Swedish Independent Music Fandom by Nancy K
First Monday Online groups are taking new forms as participants spread themselves amongst multiple Internet and offline platforms. The multinational online community of Swedish independent music fans exemplifies this trend. This participant–observation analysis of this fandom shows how sites are interlinked at multiple levels, and identifies several implications for theorists, researchers, developers, industry and independent professionals, and participants. Contents Introduction Fandom Swedish popular music The Swedish indie music fan community Discussion Conclusion Introduction The rise of social network sites is often taken to exemplify a shift from the interest–based online communities of the Web’s “first” incarnation to a new “Web 2.0” in which individuals are the basic unit, rather than communities. In a recent First Monday article, for instance, boyd (2006) states, “egocentric networks replace groups.” I argue that online groups have not been “replaced.” Even as their members build personal profiles and egocentric networks on MySpace, Facebook, BlackPlanet, Orkut, Bebo, and countless other emerging social network sites, online groups continue to thrive on Web boards, in multiplayer online games, and even on the all–but–forgotten Usenet. However, online communities are also taking a new form somewhere between the site-based online group and the egocentric network, distributing themselves throughout a variety of sites in a quasi–coherent networked fashion. This new form of distributed community poses particular problems for its members, developers, and analysts. This paper, based on over two years of participant–observation, describes this new shape of online community through a close look at the multinational online community of fans of independent rock music from Sweden. -
Just Eat/Hungryhouse Appendices and Glossary to the Final Report
Anticipated acquisition by Just Eat of Hungryhouse Appendices and glossary Appendix A: Terms of reference and conduct of the inquiry Appendix B: Delivery Hero and Hungryhouse group structure and financial performance Appendix C: Documentary evidence relating to the counterfactual Appendix D: Dimensions of competition Appendix E: The economics of multi-sided platforms Appendix F: Econometric analysis Glossary Appendix A: Terms of reference and conduct of the inquiry Terms of reference 1. On 19 May 2017, the CMA referred the anticipated acquisition by Just Eat plc of Hungryhouse Holdings Limited for an in-depth phase 2 inquiry. 1. In exercise of its duty under section 33(1) of the Enterprise Act 2002 (the Act) the Competition and Markets Authority (CMA) believes that it is or may be the case that: (a) arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a relevant merger situation, in that: (i) enterprises carried on by, or under the control of, Just Eat plc will cease to be distinct from enterprises carried on by, or under the control of, Hungryhouse Holdings Limited; and (ii) the condition specified in section 23(2)(b) of the Act is satisfied; and (b) the creation of that situation may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom for goods or services, including in the supply of online takeaway ordering aggregation platforms. 2. Therefore, in exercise of its duty under section 33(1) of the Act, the CMA hereby makes -
Amazing Takeaway Experience
DELIVERY HERO FACT SHEET On a mission to create an amazing In May 2011, CEO Niklas Östberg co-founded Delivery Hero with takeaway the mission to provide an inspirational, personalized and experience simple way of ordering food. $ KEY 弛吐ſ NUMBERS Based in Berlin, Delivery Hero is the leading global online food ordering and VARIETY DIVERSITY INVESTMENTS delivery marketplace. We Delivery Hero operates online To date over €1.4 billion has been employ 6,000+ staff plus marketplaces for food order- +6000 staff from invested into Delivery Hero. The ing and also operates its own company’s largest shareholders thousands of employed food delivery primarily in 50+ +60 nationalities are Naspers, Insight Venture Part- riders across 40+ countries, high-density urban areas around ners, Luxor Capital Group (each of with 35 number one market the world, which allows Delivery is employed in them represented in the superviso- positions. We maintain Hero to include offerings from Berlin HQ alone ry board), and Rocket Internet (no the largest food network in curated restaurants that do not board seat). the world with more than offer food delivery themselves. 150.000 restaurant partners. In 2016 we processed +170 million orders. In May 2017 BUSINESS MODEL we processed +1m order Search 1 on a single day for the first benefit, among other, from time. CUSTOMERS • an inspirational selection of restaurants and dishes • a great takeaway experience driven by easy usage, short HOUSE OF Order 2 delivery times and plenty of individual order options BRANDS Since 2011, Delivery Hero benefit, among others, from grew significantly through RESTAURANTS • access to a large customer a combination of organic base growth and acquisitions. -
The MARU/Matchbox Brand Awareness Rankings By
Which of the following online personal care retailers have you ever heard of? Total 18+ Millennials 18-34 Gen X 35-49 Boomers 50-64 Seniors 65+ Male 18+ Female 18+ Category Brand awareness awareness awareness awareness awareness awareness awareness Personal care Dollar Shave Club 71% 70% 77% 74% 63% 73% 70% Personal care Birchbox 42% 54% 52% 35% 22% 28% 54% Personal care Harry’s 34% 37% 34% 34% 26% 46% 23% Personal care Smile Direct Club 32% 43% 39% 27% 19% 29% 36% Personal care Peloton 28% 29% 26% 30% 27% 27% 30% Personal care Ipsy 26% 40% 29% 20% 10% 17% 34% Personal care Rodan+Fields 21% 32% 28% 14% 6% 13% 28% Personal care PillPack 16% 19% 14% 14% 15% 17% 15% Personal care Noom 15% 21% 13% 13% 11% 12% 18% Personal care Hims 13% 20% 11% 10% 7% 20% 6% Personal care Hubble 12% 22% 13% 8% 5% 13% 11% Personal care ColourPop 9% 23% 9% 3% 1% 6% 12% Personal care eSalon 9% 18% 8% 6% 2% 10% 7% Personal care Glossybox 9% 17% 10% 4% 3% 10% 8% Personal care Lola 9% 22% 7% 3% 1% 8% 9% Personal care Glossier 8% 21% 7% 3% 0% 9% 8% Personal care Quip 8% 16% 7% 6% 1% 11% 6% Personal care Silk Therapeutics 8% 16% 9% 5% 1% 10% 7% Personal care BoxyCharm 8% 20% 8% 2% 0% 8% 8% Personal care 4moms 8% 19% 7% 3% 0% 9% 6% Personal care Native 7% 17% 7% 3% 1% 9% 6% Personal care Zocdoc 7% 21% 4% 2% 0% 10% 4% Personal care REN Clean Skincare 7% 15% 6% 3% 2% 8% 6% Personal care LunaPads 7% 18% 5% 1% 1% 9% 5% Personal care Thinx 7% 19% 6% 0% 0% 7% 6% Personal care Walker and Company 6% 16% 6% 2% 1% 9% 4% Personal care Keeps 6% 13% 6% 3% 2% 10% 3% Personal care