StartX alumnus Farm Hill raises $3M as it expands healthy food delivery to San Francisco – Silicon Valley Business Journal

Farm Hill, which launched out of the Stanford-affiliated StartX accelerator, raised $3 million in venture funding this week to help it expand its health-oriented food delivery to San Francisco.

Source: StartX alumnus Farm Hill raises $3M as it expands healthy food delivery to San Francisco – Silicon Valley Business Journal

7% of Americans are ‘super users’ of online services | Pew Research Center

From ride-hailing apps to shopping services, the sharing and on-demand economy has grown in the U.S., yet a relatively small minority of the public is incorporating shared and on-demand services deeply into their day-to-day lives. Still, some Americans are “super users”: 7% have used six or more services (out of a total of 11), according to a Pew Research Center study.

Source: 7% of Americans are ‘super users’ of online services | Pew Research Center

Austin-based Convey Raises $4.5 Million in Venture Capital – SiliconHills

Convey handles the logistics of moving large items from the store to homes and businesses. The company creates fulfillment software for retailers. Its customers include Jet.com, Build.com and Living Direct. Convey reports its software saves retailers approximately 11 to 22 percent, on average, on freight costs and increases on-time delivery.

Source: Austin-based Convey Raises $4.5 Million in Venture Capital – SiliconHills

Industrial Internet of Things (IIoT) Market to Reach 123.89 Billion USD by 2021 – IndustryARC

According to a recent study by IndustryARC the global market for industrial internet of things is estimated to reach $123.89 billion by 2021. The manufacturing industry will be the highest revenue generating segment for IIoT market in the forecast period. However, healthcare or medical devices segment will have the highest growth rate through 2016 to 2021; this is estimated to grow at approximately 60% year on year.

Source: Industrial Internet of Things (IIoT) Market to Reach 123.89 Billion USD by 2021 – IndustryARC

Uber Isn’t Going to Conquer the World – Bloomberg View

“These markets are contestable, and they’re contestable city-by-city,” Arun Sundararajan, a professor at New York University’s Stern School of Business, told me a few weeks ago. “There are network effects that are local to a particular market, but these are not like Facebook’s network effects. They don’t give you a multiyear advantage.”

Source: Uber Isn’t Going to Conquer the World – Bloomberg View

Uber legislation creates windfall for lobbyists – The Boston Globe

Uber, which has resisted efforts to bring its regulations more closely in line with those of traditional taxis, paid more than $300,000 to lobbyists working to shape the bill, and added lobbyists this year [In Massachussetts].

Source: Uber legislation creates windfall for lobbyists – The Boston Globe

Lyft passengers can now order a ride using Amazon’s Alexa

“We’re thrilled to be working with Lyft on the launch of their new Alexa skill. On-the-go Alexa customers can now ask Alexa to order a Lyft or even tip their driver,” said Rob Pulciani, Director Amazon Alexa.“All you have to do is say ‘Alexa, ask Lyft to call a ride,’ and you’re on your way. We’re excited to offer more convenience and ride options for Alexa customers.”

Source: Lyft passengers can now order a ride using Amazon’s Alexa

Lyft Investor Memo Reportedly Warns of June Slowdown – Fortune

Lyft completed a record 12.7 million rides in May.It still expects to beat its second quarter ride volumne projections by 35%.

Monthly rides increased by 1.3 million month over month, leading the company to forecast 152 million completed rides for this year.Its annualized run rate, which is calculated by multiplying its current monthly gross revenue by 12, is now $1.9 billion.

Lyft had 2.8 million unique passengers in May.

While rides increased 11% from April to May, Lyft only saw a 5% increase in fully paid rides, meaning rides without a discount or credit used to entice new passengers.

Lyft is still on track to lose no more than $600 million this year, excluding legal settlements. That is in line with the $50 million monthly cap on spending it promised investors back in April.

Source: Lyft Investor Memo Reportedly Warns of June Slowdown – Fortune

Ride Sharing Services Used by 54% of Taxi Market in Australia

The sharing economy is alive and well in Australia, with more than 2.8 million Aussies using applications such as Uber and Airbnb for travel and accommodation services.

Our latest Consumer & Media View data reveals that of the 3.8 million Australians that use taxi services, more than half (54%) now use ride sharing services such as Uber, GoGet, GoCatch, and others.

And, more than one quarter (28%) of Aussies who use taxis now prefer these ride sharing services almost exclusively.

Source: Ride Sharing Services Used by 54% of Taxi Market in Australia

Valuable Variables: Consumers Want More Than Low Prices From Retailers

When it comes to attributes that consumers say are influential to store selection, price-related attributes fall below several others that are geared toward assortment and convenience. High-quality produce (57%), convenient location (56%) and product availability (54%) are rated as highly influential in determining where to shop, while fewer say good value for money (52%), the lowest prices overall (48%), great sales or promotions (47%), and good sales or coupons in the weekly circular (37%) are highly influential. In fact, when global attributes are ranked, those related to price/value only made up three of the top 14 most frequently selected factors.

Source: Valuable Variables: Consumers Want More Than Low Prices From Retailers