Tag: amazon

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Business

SellerX Raises $118 Million To Start Buying Top Amazon Sellers and Provide Them with More Services

sellerx

SellerX is a startup from Berlin that focuses on acquiring top Amazon sellers. SellerX has just raised $118 million led by Cherry Ventures, Felix Capital, TriplePoint Capital, participation from Village Global, et al.

It seems like buying Amazon based businesses is becoming an interesting proposition. Once Amazon sellers get to a certain level they need a lot of back office support and the vast majority aren’t set up to do this. It will be interesting to see if they are able to get a lot of great Amazon sellers together and turn this into a strong long term business.

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Business Tech

Warren Buffett: Amazon’s Jeff Bezos Has Changed The World

NEW DELHI, INDIA - MARCH 24: Warren Buffett, Chairman of Berkshire Hathway and Trustee of Bill and Melinda Gates Foundation during the press conference at the Hotel Oberoi on March 24, 2011 in New Delhi, India. (Photo by Ankit Agrawal/Mint via Getty Images)

Warren Buffett’s views on Jeff Bezos and how he has changed the world. 

Why this matters: Warren Buffett for a long time has been watching Jeff Bezos and commenting on how amazing the run of Amazon has been. It would have been very interesting if Warren Buffett understood the technology industry at the beginning of the internet as it would have provided a lot of great investment opportunities.

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Business

Who is really the richest person in the world? Putin? A Rothschild?

Blue Origin founder Jeff Bezos speaks after receiving the 2019 International Astronautical Federation (IAF) Excellence in Industry Award during the the 70th International Astronautical Congress at the Walter E. Washington Convention Center in Washington, DC on October 22, 2019. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Jeff Bezos is currently the wealthiest person on the planet due to his controlling stake in Amazon. (However, he has a lot of private investments also).

The wealthiest remaining Rothschild has a net worth under $2 billion. Family fortunes tend to become diluted and squandered through the generations. The Rothschild’s wealth is exaggerated by outdated, anti-semetic conspiracy theories.

Putin is certainly very wealthy, but my guess is that he couldn’t exercise full control over all the money he nominally controls without alienating his fellow oligarchs or tanking the Russian economy.

This leaves Jeff Bezos as the wealthiest person on earth.

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Business Tech

Xiaomi Lamp is Finally Available to Buy on Amazon

xiaomi lamp

The world class Xiaomi Lamp is finally available to purchase on Amazon.

Xiaomi has won many design awards with this lamp and I read that is by far and away their most popular product. It provides a sleek and simple design that can fit into pretty much any office design.

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Business Stock Market Tech

What is the fundamental difference between Amazon and Alibaba? They seem similar, but with different business models

amazon-vs-alibaba

Here is the key difference.

Alibaba is a marketplace. They do not own the inventory of the merchandise sold. They put buyers and sellers together. Buyer and seller agree on terms online via their platform or offline.

Amazon’s main business is they own the inventory, and sell directly to the customer.

Both models have their Pros and Cons. Amazon has also turned into a very strong third party seller platform in recently years, but they still like to control a lot of the fulfilment.

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Business Tech

Twitch Sees Big Viewership Growth But Needs to Expand Beyond Games to Generate $1 billion in Ad Revenue

twitch-e1491600114230-796x398

Twitch has seen a huge wave of growth in its viewership in most part due to coronavirus. Twitch wants to generate $1 billion in ad revenue and commerce this year, according to The Information. The company reportedly delivered about $300 million in ad revenue in 2019.

The only way Twitch are going to achieve this is by expanding beyond just hardcore gamers. Brands will want to see diversity of content – Games, Music, Chat, Entertainment and more.

Twitch seems to be the first part of Amazon’s grand plan for gaming. Amazon will soon launch its very first game from its recently established gaming studio.