When it comes to food, the buzzwords “fresh” and “local” dominate. About three-fourths of Americans, according to Gallup, actively try to consume more local foods.
Yet at grocery stores across the United States, little of the food is fresh or local. A majority of produce is imported from foreign countries. “Next time you’re in the grocery store, pick up those products and take a look,” says Matthew Tortora, founder of WhatsGood. “The organic tomatoes that you’re finding in your grocery store, I could almost guarantee you are either coming from Mexico, Canada, or if not, at best coming from California.”
WhatsGood, which has raised nearly $7m in funding, matches food producers with nearby restaurants and institutions. It also recently began a delivery service of a la carte farm-fresh goods to consumers.
In a Google-dominated world that even Microsoft couldn’t crack, is there an industry for niche browsers? Tenta has built a successful subscription business for a niche browser.
The Seattle-based startup offers an encrypted browser with a built-in VPN and an ad blocker. Since launching in 2016, the app, which is available on Android and in a limited form on iOS, has been downloaded ~2 million times on Google Play, with 1 million of those downloads coming since March. It also has more than 17k ratings on Google Play with a 4.3 score.
We spoke with Tenta Browser co-founder Jen McEwen about how the co-founders got their idea from a previous adult entertainment app business, their tips for growth and how they’re marketing to a mainstream audience that might be unfamiliar with encrypted browsing. The interview has been condensed for brevity and clarity.
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The name Ergonofis represents a hybrid between ergonomics and office. It fits: Co-founder Samuel Finn likes to think his company’s product, an adjustable desk allowing people to stand and sit throughout the day, provides the most efficient way to stay healthy and get through a work day.
Finn started the company with Kimberley Pontbriand. Four years in, Ergonofis is on pace to make about $2.3m this year and its sales are up about 50% YoY.
This is how Ergonofis figured out how to design a prototype, build a D2C following, market and grow.
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Sometimes you just want to keep other people from smelling your stuff. Enter Revelry Supply. Based in Santa Cruz, CA, the lifestyle cannabis business makes odor-absorbing luggage — duffels, backpacks, personal bags, etc. — aimed at cannabis users.
The idea for the company was hatched in 2014, and Revelry Supply started selling luggage in 2015. In its first full year, Revelry Supply made about $700k. Since then, revenues have steadily increased, and the company is on track to make ~$2m this year.
With lawmakers passing cannabis-friendly legislation and plans to diversify further into the cannabis lifestyle market, co-founder Brandon Stewart says Revelry Supply expects major gains in the next few years.
Stuart Rudick, founding partner of the VC firm Mindfull Investors, has long been an early adopter. When he was bar mitzvahed at 13 his father asked him what he wanted to do with the $2k he had been gifted. “I said, ‘I want to invest it,’” Rudick recalls.
But it was a bear market, and Rudick learned from his quick losses to pay closer attention to undervalued assets. After college, he rose quickly at Bear Stearns and then in 1983 started his own investment firm, Mindfull Investors. The firm’s mission was ahead of its time: investing in companies that promote health and wellness and those that have leaders who believe in health and wellness.
Rudick’s investments have included Earthlink.net, Muse, which makes brain-sensing headbands for meditation purposes, the organic food company Urban Remedy, and “clean greens” company Organic Girl. He hasn’t been perfect: Mindfull was also a key investor in the failed blockbuster juicing startup Juicero (known as the “greatest example of Silicon Valley stupidity”).
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If you visited Seattle in the last couple years, you may have seen the wall-size posters of entrepreneurs featured throughout the Amazon Marketplace. They were commissioned by Amazon and designed by a company called GBPro.
GBPro’s other clients include Alaska Airlines and Veyep Sports, the official speaker supplier of Major League Baseball. The company, which features three total employees and two contractors, is in its fourth year of business. It made $448k in revenue in its most recent fiscal year — up from $250k in year one.
Our Trends community has asked for more actionable insights on how to build companies, and this is our first stab at providing that. It’s a step-by-step guide for how GBPro founder/CEO and creative director Greg Brumann started his business and turned it into an early success.
In the Trends Facebook group this week, subscriber Jay Wa discussed an app he is planning in the legal tech space that could provide “simple, legally-binding contracts on the fly.” But he wants to be sure he’s finding product market fit and asked the group for advice.
Why focus on product market fit? Because making sure a large market wants your product is usually more important than the product itself. Famed investor Marc Andreessen, who popularized the term product market fit, once wrote that product market fit is the only thing that matters.
Here’s a breakdown of the best advice on finding product market fit from Trends members, coupled with some advice from outside experts on the same subject. And if you have any advice you’d like to give, please add it to the Facebook thread.