New in e-commerce business listings this week we have a $1.1M sports and medical apparel business, with strong revenue growth reaching a 39% CAGR for the 2016 to 2017 period, dozens of high-quality SKUs driving c.25% customer repeat rates, a leading brand with a 99% positive seller feedback rating on Amazon and low owner involvement with a team of two VAs transitioning with the business. If you are interested in this business, follow the link to request a Prospectus. For more on the updates to inventory fees, FBA owners can read each policy on their seller’s central page. Amazon will charge sellers the greater of either the long-term per-unit storage fees or the monthly long-term storage fee.
Additionally, beginning September 15, long-term inventory storage fees will be billed per month rather than semi annually, with a new $0.50 minimum charge on each unit stored in warehouses for 365 days or more. Having already moved into the doorbell hardware space, Amazon’s recent acquisitions of Ring and Blink align with their home security growth strategy resting on startups who have already completed research and development for smart security products, rather than building the products in-house.Īlso in Amazon news this week, beginning April 1, FBA sellers’ monthly inventory storage fees will increase by $0.05 per cubic foot for standard and oversize items, which will be first reflected in May statements for inventory stored in April. Just two months ago Amazon acquired connected camera and doorbell startup Blink, a tech company founded in 2014 that builds integrated Wi-Fi home security cameras.
In e-commerce news this week, Amazon has acquired doorbell and security camera producer Ringfor $1 billion, according to Reuters, just as competitor Nest plans the release of their first smart video doorbell. Announced for the first time at Google Cloud Next 2017, Chat began in an invite-only preview beta of their heavily G-suite integrated and AI-focused communications tool. Hoping to capture part of the increasingly-concentrated communications app space, Hangouts Chat is now available for public use and offers integration with tools like Salesforce and UberConference, even leaving room for developers to add their own desired functionality. Finally, Hangouts Chat, Google’s intra-office communication tool, came out of beta this week. Both ad-supported and paying monthly active users for the streaming company have grown consistently over the last three years, with paying subscribers having grown at a faster rate.Įlsewhere in the SaaS world, Salesforce CEO Mark Benioff recently shared that their goal of reaching $20 billion in revenue by 2022 just became “much more realistic.” Citing an excellent fourth quarter and the 28% growth of Salesforce’s deferred revenue on the balance sheet, Benioff said that it was “the company’s best quarter in a long time.” Indeed, Salesforce signed a record number of million-dollar contracts, bolstered by deals with global brands like Adidas and Deutsche Bank, which contributed significantly to the increase in revenue.
Documents filed for the IPO show that 2017 revenue came close to $5 billion, up more than 38% from the year before, while reported losses of $1.46 billion nearly doubled compared to $657 million the previous year.
Currently trading between $90 and $132.50 per share off-market, the company is valued at $23.4 billion in the top range, but is not certain this valuation will necessarily pertain to public listing. Targeting a c.$1 billion IPO, the Swedish music-streaming platform does not plan on fundraising ahead of the exit, but instead will undergo a direct listing wherein existing shareholders will sell shares to investors on the public market. Spotify has this week officially announced its plans to go public.
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