When companies need to find manufacturers to build custom parts, it’s not always an easy process, especially during a pandemic. Xometry , a seven-year-old startup based in Maryland, has built an online marketplace where companies can find manufacturers across the world with excess capacity to build whatever they need. Today, the company announced a $75 million Series E investment to keep expanding the platform.
The kind of custom pieces that are facilitated by this platform include mechanical parts for aerospace, defense, automotive, robotics and medical devices — what Altschuler calls mission-critical parts. Being able to put companies together in this fashion is particularly useful during COVID-19 when certain regions might have been shut down.
While you're here, how about this:
Audio diary: What it's like to return to the office - Marketplace
Workers around the country are hearing that they won't be returning to their offices until next year, at the earliest. So a lot of people are going back in for the first time since March to pick up an office chair or plant, or deal with that sandwich they left in the fridge. That can be a bizarre and emotional experience. We asked a couple of our listeners to record themselves as they made that trek.
On a Saturday morning in late August, Tony Orr is sitting in his car outside his office building in a suburb of Philadelphia. Orr, a lawyer for a solar power company, came back to grab some stuff. He hasn't been here since March.
Learn how to build a service marketplace from the CTOs of Peloton and DoorDash at Disrupt –
Fang co-founded DoorDash in 2013 with Tony Xu, Stanley Tang and Evan Moore. DoorDash confidentially filed for a public offering earlier this year, but delayed its IPO because of COVID-19. The food delivery company has raised a whopping $2.5 billion in funding, reaching a valuation of $16 billion this summer as food delivery became an even more regular part of consumer habits amid the pandemic.
We’ll ask the pair about how they got started and where they focused attention early on as they aimed to build global brands that revamped massive industries.
Business 'definitely painful' for barge line during pandemic - Marketplace
Kai Ryssdal: It occurred to me as we were thinking about calling you back that you must have operations and people not just in Vicksburg, right, but all the way up and down the Mississippi River, which means you’re dealing with state health authorities and state regulations and all of that stuff as you try to manage through this crisis, right?
Austin Golding: Oh, yeah, absolutely. Especially in Texas, Louisiana, Tennessee, Florida. We employ people from 11 states that travel through all those states to get to work. So yeah, we’ve really had a lot of information to try to gather and coach around.
Many things are taking place:
Construction pushing forward in Smithville Marketplace | Business | mycouriertribune.com
OfferUp and letgo take on Facebook Marketplace, Craigslist and eBay
Have you ever heard of the popular online marketplace apps OfferUp and letgo? If you haven't, they're competitors of eBay, Craigslist, and Facebook Marketplace. Recently, OfferUp purchased letgo and has integrated it into its platform.
Both OfferUp and letgo gave users the ability to buy and sell stuff, but each app worked a little differently. Now, the two platforms are one, and the new OfferUp works differently than everything that's come before it. It's bigger than ever before and is becoming the go-to place to buy and sell stuff online. We have details of the OfferUp/letgo merger and exactly what you can do on the new platform today.
As restaurants liquidate, auctioneers and buyers line up - Marketplace
Houston-based Luby's Inc. said it intends to dissolve the business, sell all of its 77 Luby's Cafeterias and 30 company-owned Fuddruckers and distribute the proceeds to shareholders.
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And when a restaurant decides to call it quits, it has a few options. If it owns the building, it can usually sell the real estate.
"Restaurants don’t have that many transaction-specific assets,” said Haragopal Parsa, professor of lodging management at the University of Denver. “That means the restaurant building can be converted to something else very easily."
A look back at the history of takeout food - Marketplace
Because of the coronavirus pandemic, many restaurants have made takeout and delivery a bigger part of their business model. The whole idea of a quick bite to eat to eat, has been around for a long time, from the cook shops of the ancient Romans, called “ thermopolia ,” to the tamale vendors of the Aztec empire.
Ryssdal: Let me start with this, it’s long, but when does [takeout food] become recognizable to us? When does it take the form that we know it in today?
Happening on Twitter
Xometry raises $75M Series E to expand custom manufacturing marketplace https://t.co/s0xRRIVdX7 by @ron_miller TechCrunch (from San Francisco, CA) Wed Sep 09 14:00:28 +0000 2020
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