As part of its fundraising announcement, Felix also announced that former Farfetch operating chief Andrew Robb will join the firm as an advisor. While he was a general partner at Advent Venture Partners, Court invested the first capital in Farfetch, the luxury retailing platform. (Farfetch went public in 2018; today it is trading below its IPO price.) … [Read more...] about Felix Capital, backer of Goop and Peleton, raises another $300 million
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Lenses for consumers, eventuallyOnly after Mojo has begun marketing its vision assistance and vertical market lenses does it plan on making lenses for regular consumers. Like the other versions of the lenses, the consumer incarnation will put helpful digital information within the wearer’s view to help them get things done. But the information will be more about life than work. For example, if you’re leaving the airport—perhaps with your hands full of luggage—the lenses might display arrows pointing the way to your car in the parking lot. They might put a pointer over your Uber ride as it arrives, and display the license plate number and other information. If someone rings your doorbell at home, the lenses might display a video of the person standing on the porch. … [Read more...] about The making of Mojo, AR contact lenses that give your eyes superpowers
Importantly, the now-popular “tipping point” concept suggests that small changes can make a big difference. In our model, the difference between those who succeed and fail may be virtually indistinguishable regarding learning styles and productivity. Water at -10 degrees C and 10 degrees C has negligibly different temperatures but one is solid and the other fluid. Of two equally promising and lucky entrepreneurs, one may enjoy a wildly successful IPO while the other does not. … [Read more...] about Science reveals the tipping point between success and failure
American Girl still sells some $98 historical dolls whose stories are set in different periods of America’s past, but today it also offers other generic dolls that aren’t very distinct from others on the market. There’s a line of $60 baby dolls for toddlers called Bitty Baby, which have no story attached to them at all. Four years ago, American Girl launched a new brand of $60 dolls for preschoolers called Wellie Wishers, who live in the present day and teach kids about empathy and friendship. For $98, you can also design a doll from scratch—customizing its hair color, nose shape, and skin tone—to look exactly like your child. (American Girl dolls have always been on the more expensive end of the toy market: The original doll and book combo cost $82 in 1986, which is about $150 today adjusted for inflation.) … [Read more...] about American Girl sales are plummeting. Can the iconic ’90s brand be saved?