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What you need to know: Worldwide, the number of people over 65 totals 635m and could rise to 2B by 2060. The people getting older and living longer want to age comfortably at a home, but a lack of connectivity and social isolation makes it difficult. Venture capital funds have started investing tens of millions in age tech.
What you need to know: Pet supplements have risen in popularity because of the increase in pet ownership and humanization of pets. The $636m supplement market is expected to grow at a 5% rate, and CBD is leading the way. CBD sales are expected to increase at a 57% CAGR.
Her last job was technically for Walmart. Catharine Dockery, the founder of VC fund that specializes in vice, was chief of staff for Bonobos founder Andy Dunn. After Bonobos was bought by Walmart, she worked several months for the company that cared so much about maintaing a squeaky clean image it didn’t sell music with explicit lyrics in the 1990s.
What you need to know: Sales of ebikes are eventually expected to comprise half of all bike sales, meaning about 75m units will be sold each year, up from about 30m currently. The United States could see one of the biggest increases: Some 300k ebikes will be sold this year and that number is expected to increase to 2m within the next few years and eventually 7m annually.
What you need to know:
On a stretch of Austin’s eastside that features a popcorn cafe, vintage store, vegetarian soul food restaurant, and the city’s oldest black-owned barbecue joint, Chris Marshall has a drink waiting for me at his bar. And by drink, I mean not quite a drink. It’s a Rosemary and Ginger Mule. There’s no alcohol. There’s never alcohol in here.
What you need to know: Inspired by faith and minimalist design, a pair of Christian millennials launched Alabaster, a photography-focused Bible publishing company. Early investment capital came from Daniel Fong, founder of $70m furniture business Million Dollar Baby.
Your future summers may include far fewer wedding invites, and it won’t be because you’re less popular. The wedding industry, long overdue for disruption, is trending smaller and more affordable as millennials rethink costs and strict traditions that were once considered mandatory.