VCs Investing in Retail Innovation: Why? Where?
Tuesday, March 17
11:00AM - 12:00PM
110 E 2nd St
Americans spend over $4 trillion each year at retail, but the way we select and purchase goods and services is changing rapidly. Two thirds of the U.S. mobile subscribers use smartphones and, according to a recent Deloitte study, 36% of all in-store purchases (roughly $1.1 billion) were influenced by digital interactions in 2013.
Mobile shopping, e-commerce, tablets, beacons, social shopping, marketplaces, digital advertising, analytics, mobile wallets – these are just a few of the exciting innovations that are transforming retail. Imagine a future where every dollar spent on advertising and marketing impressions can be traced to an outcome in the physical world. How will we get there? How long will that take? What will this mean for traditional media and the "art of marketing"? Who will win and who will lose?
Join retail industry experts (strategic and financial VC investors) for a panel discussion on the future of retail and the innovations that will enable it.
Dan is the Founder of Commerce Ventures, a venture firm focused on digital innovations in retail and payments. Commerce Ventures represents a highly strategic set of investors and, thus far, has i...Show the rest
Dan is the Founder of Commerce Ventures, a venture firm focused on digital innovations in retail and payments. Commerce Ventures represents a highly strategic set of investors and, thus far, has invested in fourteen portfolio companies, including Bill.com (SaaS for A/R & A/P), Boomtown (on-demand labor marketplace), Marqeta (merchant gift & loyalty), RetailNext (in-store analytics) and SavingStar (digital coupons). Prior to creating Commerce Ventures, Dan was a Principal at Highland Capital and invested primarily in mobile, payments and digital marketing companies.
Before joining Highland, Dan worked at HarbourVest Partners, in Corporate Development at RSA Security and as a software consultant for American Management Systems. He has served as a mentor or advisor in programs such as Commerce.Innovated, Mondelez’s Mobile Futures, Plug and Play’s Retail Accelerator, Summer @ Highland, HBS Angels, NAR’s Reach Accelerator and First Growth Venture Network.Hide the rest
Janie leads deal sourcing at Fung Capital, the strategic investment arm of the Fung family in Hong Kong which separately controls Li & Fung, a public company that sources, distributes and retails c...Show the rest
Janie leads deal sourcing at Fung Capital, the strategic investment arm of the Fung family in Hong Kong which separately controls Li & Fung, a public company that sources, distributes and retails consumer products globally with over $22B in revenues and 45,000 employees in over 40 countries.
Janie invests in B2B technology companies that enable omni-channel retailing and supply chain efficiency. Prior to joining Fung Capital, she was with Burt’s Bees, leading go-to-market strategies for global expansion. Before starting her business career, she was a journalist for BBC and PRI’s “The World”, reporting in China.
Janie obtained her M.A. degree from Harvard University, where she received the prestigious Fung Fellowship, sponsored by the Victor and William Fung Foundation. Janie grew up in China and received her B.A. in journalism from Communications University of China, graduating with first-class honor.Hide the rest