Two years ago Shaosu & I started on a mission to unlock profits trapped in the supply chain and lower costs for consumers. Excited to announce we’ve raised $35M from
@IndexVentures
and
@jpmorgan
Growth Equity Partners.
Read more in
@WSJ
- .
“There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.” - Sam Walton
Excited to share more on the financial highway we’ve been building at Loop. I’m honored to work with such an incredible team tackling one of the hardest problems in logistics - helping people pay and get paid.
It was fun talking with
@juleshyman
about why supply chain "friction is not free."
Now more than ever it's important that shippers and 3PLs build next-gen supply chains that are dynamic, resilient and data-driven.
Amid the push for more digitization and freight, startup Loop is focused on putting AI-powered tools to work and aiding logistics companies.
CEO
@mattlmckinney
joins
@juleshyman
to discuss the need for modernization in the $25 trillion global cargo trade:
Chicago is the most underrated city in the U.S. It is, I must inform the haters, New York's *only* peer.
You just have to survive the winter (or leave for 2 months). NYers would get vertigo when they see Chicago rents. Highrise condo for the price of a Manhattan closet
Today, we publicly announce The 81 Collection! We are a Founders Fund for hard industries, featuring a $41M inaugural fund.
Most of our capital comes from proven founders who built in the 81% of the U.S. GDP underserved by early-stage venture capital.
Check out the latest in our Emerging Builders series, featuring engineers who are early in their careers and already core contributors at our portfolio companies. Meet Will Taft, and learn how he’s helping Loop to modernize logistics payments:
@BartMacdonald
i have a positive bias towards founders that do not respond to emails quickly. signals they are actually building and not just emailing.
Most companies are focused on the wrong problem. They are obsessed with growing revenue and booking business when the back of their house is draining profit.
Crucial cost data is locked up in pdfs, emails, and photos of BOLs - causing friction that creates unnecessary losses.
@chadbyers
Susa is the best in the game for early-stage founders. Given the single-stage focus, partnering with Susa enables the founder to receive more attention and unbiased advice in subsequent financing rounds. 🙌🏼
I yell “LesssssGoo” to myself no less than 5 times per run. When running outside, I always forget other people are around. Startled people look at me like I am a crazy person talking to myself. Which then makes me question my sanity.
There are 10x engineers and there are Jacks. We often refer to high potential engineers at Loop as "the next Jack". It has been an honor to work with Jack Taylor over the past five years at multiple companies. Read more about his story
@8vc
:
@damirbecirovic
the lack of labor participation rebound is largely driven by early retirement folks (55-74 yr olds). labor force participation for prime (25-54 yr olds) is approaching pre-covid levels.
Friction in freight payments is fundamentally a data problem. This friction raises costs, so companies have two choices:
1. Raise prices and risk customer loyalty
2. Eat the costs and hurt margins
@FreightAlley
i’ve found the best companies in complex, operationally intensive industries combine domain experts with technologists to solve problems. one of Loop’s operating principles is “respect the domain and accelerate progress” for this exact reason.
@BartMacdonald
agreed it depends on the company stage for building vs. comms. although, all CEOs should carve out deep work time to evolve vision and strategy. this time should be free of distractions - including email.
The James Webb Space Telescope, the largest, most powerful instrument of its type ever built, launched successfully to herald a new era of space discovery
Truly excited to share the closing of Wischoff Ventures Fund II! Fund II is a $20M fund dedicated to pre-seed and seed stage companies led by relentless entrepreneurs.
depends if you leverage eats for discovery or delivery. hard for restaurants to increase discoverability without participating in a digital marketplace.
Just learned that the average Uber Eats customer orders from 3.6 restaurants. Really begs the question how important marketplaces are or if the winning model will be restaurants going D2C
Loop is leading a revolution in freight payments.
They’re building a generational company in the process.
Here’s Why You Should Join Loop: a thread 🧵 (a must read)
the pandemic brought unprecedented volatility to the tech industry: exponential demand, 100x ARR valuations, easy money, meme investing.
but with two years of hindsight, what has changed?
I wrote about tech’s reversion to the mean here: