In a Pennsylvania Town, Tainted Water Was Only the Beginning

In a Pennsylvania town, fracking, contamination and a community unbound.

#hydraulic-fracturing, #lycoming-county-pa, #methane, #oil-petroleum-and-gasoline, #pennsylvania, #water-pollution

GrubMarket gobbles up $120M at a $1B+ pre-money valuation to take on the grocery supply chain

When people talk about “online food delivery” services, chances are that they’ll think of the Uber Eats, Instacarts and Getirs of this world. But today a startup that’s tackling a different aspect of the market — addressing the supply chain that subsequently turns the wheels of the bigger food distribution machine — is announcing a big round of funding as it continues to grow.

GrubMarket, which provides software and services that help link up and manage relationships between food suppliers and their customers — which can include wholesalers and other distributors, markets and supermarkets, delivery startups, restaurants, and consumers — has picked up $120 million in a Series E round of funding.

The funding is coming from a wide mix of investors. Liberty Street Funds, Walleye Capital, Japan Post Capital, Joseph Stone Capital, Pegasus Tech Ventures, Tech Pioneers Fund are among the new backers, who are being joined by existing investors Celtic House Asia Partners, INP Capital, Reimagined Ventures, Moringa Capital Management, and others, along with other unnamed participants

Mike Xu, GrubMarket’s founder and CEO (pictured, above), tells me that the company is currently profitable in a big way. It’s now at a $1 billion annualized run-rate, having grown revenues 300% over last year, with some markets like New York growing even more (it went from less than $10 million ARR to $100 million+).

With operations currently in Arizona, California, Connecticut, Georgia, Michigan, New York, New Jersey, Missouri, Massachusetts, Oregon, Pennsylvania, Texas, and Washington, and some 40 warehouses nationwide. GrubMarket had a pre-money valuation of over $1 billion, and now it will be looking to grow even more, both in terms of territory and in terms of tech, moving ahead in a market that is largely absent from competitors.

“We are still the first mover in this space,” Xu said when I asked him in an interview about rivals. “No one else is doing consolidation on the supply chain side as we are. We are trying to consolidate the American food supply chain through software technologies, while also trying to find the best solutions in this space.”

(And for some context, the $1 billion+ valuation is more than double GrubMarket’s valuation in October 2020, when it raised $60 million at a $500 million post-money valuation.)

Longer term, the plan will be to look at an IPO provisionally filing the paperwork by summer 2022, Xu added.

GrubMarket got its start several years ago as one of many companies looking to provide a more efficient farm-to-table service. Tapping into a growing consumer interest in higher quality, and more traceable food, it saw an opportunity to build a platform to link up producers to the consumers, restaurants and grocery stores that were buying their products. (Grocery stores, incidentally, might be independent operations, or something much bigger: one of GrubMarket’s biggest customers is Whole Foods, which uses GrubMarket for produce supply in certain regions of the U.S. It is currently is the company’s biggest customer.)

As we wrote last year, GrubMarket — like many other grocery delivery services — found that the pandemic initially provided a big fillip, and a big rush of demand, from that consumer side of the business, as more people turned to internet-based ordering and delivery services to offset the fact that many stores were closed, or they simply wanted to curtail the amount of shopping they were doing in-person to slow the spread of Covid-19.

But fast forward to today, while the startup still serves consumers, this is currently not the primary part of its business. Instead, it’s B2B2C, serving companies that in turn serve consumers. Xu says that overall, demand from consumers has dropped off considerably compared to a year ago.

“We think that restaurant re-openings have meant more people are dining out again and spending less time at home,” Xu said, ” and also they can go back to physical grocery stores, so they are not as interested as they were before in buying raw ingredients online. I don’t want to offend other food tech companies, but I think many of them will be seeing the same. I think B2C is really going to slow down going forward.”

The opening for GrubMarket has been not just positioning itself as a middleman between producers and buyers, but to do so by way of technology and consolidating what has been a very regionalized and fragmented market up to now.

GrubMarket has snapped up no less than 40 companies in the last three years. While some of these have been to help it expand geographically (it made 10 acquisitions in the Los Angeles area alone), many have also been made to double down on technology.

These have included the likes of Farmigo, once a Disrupt Battlefield contender that pivoted into becoming a software provider to CSAs (an area that GrubMarket sees a lot of opportunity), as well as software to help farms manage their business staffing, insurance and more: Pacific Farm Management is an example of the latter.

GrubMarket’s own in-house software, WholesaleWare, a cloud-based service for farmers and other food producers, saw its sales grow 3,500% over the last year, and it is now managing more than $4 billion in wholesale and retail activity across the U.S. and Canada.

There will be obvious ways to extend what GrubHub does deeper into the needs of its customers on the purchasing end, but this is in many ways also a very crowded market. (And not just crowded, but crowded with big companies. Just today, Toast, the company that builds software for restaurants, filed for a $717 million IPO at potentially a $16.5 billion valuation.) So instead, GrubHub will continue to focus on what has been a more overlooked aspect, that of the suppliers.

“I am focused on the food supply chain,” Xu said. “Operators in the food supply chain business most of the time don’t have any access to software and e-commerce technology. But we are not just a lightweight online ordering system. We do a lot of heavyweight lifting around inventory management, pricing and customer relations, and even HR management for wholesales and distributors.” That will also mean, longer term, that GrubMarket will likely also start to explore connected hardware to help those customers, too: robotics for picking and moving items are on that agenda, Xu said.

“GrubMarket has built a profitable, high-growth business underpinned by its best-in-class technology platform that’s reinventing how businesses access healthy, fresh foods,” said Jack Litowitz, director of strategic investments at Reimagined Ventures, in a statement. “We’re proud to support GrubMarket as it continues to expand into new regions and grow its WholesaleWare 2.0 software platform. At Reimagined Ventures, we always seek to invest in businesses that are disrupting inefficient industries in innovative ways. Mike Xu and the GrubMarket team have built one of these businesses. We’re excited to back their vision and work in making the food supply chain more efficient.”

“GrubMarket is transforming the trillion-dollar food distribution industry with unprecedented speed by implementing advanced digital solutions and operational discipline. The company’s scale, growth, and profitability are extraordinarily impressive. Pegasus is delighted and honored to be part of GrubMarket’s exciting journey ahead,” added Bill Reichert, partner at Pegasus Tech Ventures.

#arizona, #california, #canada, #ceo, #connecticut, #digital-solutions, #farmigo, #food, #food-delivery, #food-supply-chain, #funding, #georgia, #grocery-store, #grubhub, #grubmarket, #instacart, #japan-post-capital, #los-angeles, #massachusetts, #michigan, #mike-xu, #missouri, #new-jersey, #new-york, #olo, #online-food-delivery, #online-food-ordering, #oregon, #partner, #pegasus-tech-ventures, #pennsylvania, #reimagined-ventures, #retailers, #software, #software-platform, #supply-chain, #texas, #uber-eats, #united-states, #washington, #whole-foods

Despite the Cosby Ruling, Andrea Constand Feels Like a ‘Symbol of Hope’

As she releases her memoir, Constand details her reactions to the court decision that overturned Bill Cosby’s conviction on sexual assault charges.

#metoo-movement, #canada, #constand-andrea, #content-type-personal-profile, #cosby-bill, #decisions-and-verdicts, #pennsylvania, #supreme-courts-state, #the-moment-standing-up-to-bill-cosby-speaking-up-for-women-book

Philadelphia Highway Flooded After Ida Moves Through

Tornadoes touched down in Maryland and in the Philadelphia suburbs. Rain-swollen rivers were still rising. Many were without power.

#floods, #hurricane-ida-2021, #maryland, #pennsylvania, #philadelphia-pa

Unemployment Benefits to Millions Are About to End

The abrupt loss of pandemic unemployment benefits on a broad scale could have long-term effects not only for the recipients but also for the economy.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #federal-aid-us, #freelancing-self-employment-and-independent-contracting, #labor-and-jobs, #pennsylvania, #states-us, #unemployment, #unemployment-insurance, #united-states-politics-and-government

Don’t Let the Fossil Fuel Industry Pivot to Toxic Plastics and Chemicals

As we confront climate change, focusing on a single metric, like greenhouse gas emissions, could leave other harmful practices unaddressed.

#africa, #chemicals, #environmental-protection-agency, #european-commission, #european-union, #far-east-south-and-southeast-asia-and-pacific-areas, #flame-retardants, #global-warming, #greenhouse-gas-emissions, #hazardous-and-toxic-substances, #international-energy-agency, #mckinseyco, #national-academies-of-the-united-states, #natural-gas, #ohio, #oil-petroleum-and-gasoline, #pennsylvania, #plastics, #recycling-of-waste-materials, #united-states, #waste-materials-and-disposal

For States Dealing With the Spotted Lanternfly, the Policy Is No Mercy

The spotted lanternfly, an invasive species from Asia, is a voracious plant-eater and public nuisance that could cost state economies hundreds of millions of dollars.

#delaware, #invasive-species, #new-jersey, #northeastern-states-us, #pennsylvania, #spotted-lanternflies, #trees-and-shrubs

Conor Lamb Enters 2022 Pennsylvania Senate Race

Democrats sense their best chance to expand their slim hold on the Senate. Republican contenders are outdoing one another courting the “Super-MAGA-Trumpy” right wing.

#democratic-party, #elections-senate, #fetterman-john-1969, #lamb-conor-j-1984, #pennsylvania, #primaries-and-caucuses, #united-states-politics-and-government

There’s One Man to Blame for Bill Cosby’s Release

The roots of the Cosby reversal were years in the making.

#metoo-movement, #celebrities, #cosby-bill, #courts-and-the-judiciary, #law-and-legislation, #pennsylvania, #sex-crimes

‘Overwhelmed and Devastated’: Cosby’s Accusers on Decision to Free Him

Many of the women who accused Bill Cosby of sexual misconduct, and worse, said they were disheartened by the ruling of the Pennsylvania Supreme Court.

#metoo-movement, #cosby-bill, #decisions-and-verdicts, #pennsylvania, #sex-crimes, #sexual-harassment, #supreme-courts-state, #women-and-girls

My Pandemic Hobby? Making Money.

During Covid, many people found solace in a new pastime. A few found profit.

#california, #cleansers-detergents-and-soaps, #crickets, #handicrafts, #hobbies, #new-york-city, #pennsylvania, #quarantine-life-and-culture, #real-estate-and-housing-residential

Man Awaiting Trial for Covid-19 Bank Fraud Does It Again, Authorities Say

A Pennsylvania man was facing bank fraud and money laundering charges over Paycheck Protection Program loan applications when he submitted another one, U.S. prosecutors said.

#coronavirus-aid-relief-and-economic-security-act-2020, #frasinelli-randy-a, #frauds-and-swindling, #money-laundering, #pennsylvania, #small-business, #small-business-administration

Scientists Report Earliest Known Coronavirus Cases in Five US States

Blood drawn from nine people in the earliest days of the pandemic tested positive for the infection. But some experts questioned the results.

#antibodies, #blood-donation, #china, #clinical-infectious-diseases-journal, #coronavirus-2019-ncov, #disease-rates, #illinois, #massachusetts, #mississippi, #national-institutes-of-health, #pennsylvania, #states-us, #united-states, #wisconsin, #your-feed-science

Scientists Report Earliest Known Coronavirus Infections in Five U.S. States

Blood drawn from nine people in the earliest days of the pandemic tested positive for the infection. But some experts questioned the results.

#antibodies, #blood-donation, #china, #clinical-infectious-diseases-journal, #coronavirus-2019-ncov, #disease-rates, #illinois, #massachusetts, #mississippi, #national-institutes-of-health, #pennsylvania, #states-us, #united-states, #wisconsin, #your-feed-science

Police Chief Who Threatened Facebook Critic With False Arrest Pleads Guilty

Brian Buglio, the police chief in West Hazleton, Pa., agreed to resign as part of a plea agreement, according to court records.

#brian-buglio, #civil-rights-and-liberties, #east-stroudsburg-pa, #false-arrests-convictions-and-imprisonments, #pennsylvania, #west-hazleton-pa

Former Penn State President Will Serve 2 Months in Jail in Child Abuse Scandal

Graham B. Spanier, who was found guilty in 2017 of one misdemeanor count of endangering the welfare of a child, must report to prison on July 9.

#child-abuse-and-neglect, #paterno-joe, #pennsylvania, #pennsylvania-state-university, #prisons-and-prisoners, #sandusky-jerry, #sentences-criminal, #sex-crimes, #spanier-graham-b

A New Crop in Pennsylvania: Warehouses

Huge facilities have sprouted up in and around the Lehigh Valley, fueled by the astonishing growth of e-commerce. Some residents say the area’s landscape and long-term economic health could be threatened.

#allentown-pa, #bethlehem-steel-co, #e-commerce, #factories-and-manufacturing, #labor-and-jobs, #pennsylvania, #prologis-inc, #shopping-and-retail, #trucks-and-trucking, #workplace-hazards-and-violations

Bucknell Investigating ‘Horrific’ Harassment of L.G.B.T.Q. Students

The university said a group of men tried to enter a house for gay, lesbian, bisexual and transgender students last week. Residents said they were terrified and traumatized by the episode.

#bucknell-university, #colleges-and-universities, #fraternities-and-sororities, #hazing, #homosexuality-and-bisexuality, #pennsylvania, #tau-kappa-epsilon

F.B.I. Asking Questions After a Pension Fund Aimed High and Fell Short

The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation.

#budgets-and-budgeting, #federal-bureau-of-investigation, #kurds, #pennsylvania, #pensions-and-retirement-plans, #property-taxes, #teachers-and-school-employees, #wages-and-salaries

Hustle Fund wants to help spawn a new generation of angel investors

Kara Penn is the mother of four daughters and owner of Mission Spark, a management and strategy consulting company.

And now, thanks to Hustle Fund, she is also an angel investor.

Hustle Fund is coming out of stealth today with Angel Squad, a new initiative aimed at making angel investing more accessible to more people. To more people like Colorado-based Penn.

We believe that in order to increase diversity in the startup ecosystem, one thing that we must do is increase diversity — whether it be in regard to gender, race or geography — amongst angel investors,” said Hustle Fund co-founder and general partner Elizabeth Yin.

Via Angel Squad, Hustle Fund specifically aims to build an inclusive investor community, make minimum check sizes low and accessible (think as little as $1,000), provide “angel education” and give investors a way to invest alongside Hustle Fund.

“There’s been this misnomer, or at least I had this incorrect assumption that in order to become an angel investor, you have to be super rich and write $25,000 checks,” Yin told TechCrunch. “But the reality is actually in Silicon Valley, there are all these people running around investing $1,000 checks…and that’s something that’s a lot more accessible than then most people might think. And, part of the value of having this group is then we can accumulate a bunch of smaller checks to then write one larger check for a company.”

So far, Penn has invested in five startups across a range of sectors including real estate, food, apparel and finance. 

She describes herself as “a complete novice” in angel investing, and so far, she’s loving the experience.

I love Hustle Fund’s perspective that great hustlers can look like anyone and come from anywhere,” Penn told TechCrunch. “I’ve enjoyed being in a supportive community with differing levels of expertise, but where every question is welcomed.”

The experience is also broadening her exposure to technology and AI, the collection and use of data and the creation of new marketplaces in ways she never would have been exposed to before.

“As someone whose own company focuses exclusively on strategy in social impact organizations, I am also looking for how founders identify and bring to market creative solutions to complex problems, as well as exposure to a network of innovative people looking to solve hard issues in smart ways,” Penn said. “This exposure is helping me begin to think about applications of these approaches to difficult social problems.”

For some context, Hustle Fund is a venture firm founded by Elizabeth Yin and Eric Bahn, two former 500 Startups partners, with the goal of investing in pre-seed software startups. The firm has traditionally operated by investing $25,000 in a company, usually with a minimum-viable product, and then works with the team to help them grow. It does around 50 investments per year, according to its website. 

It recently closed on $33.6 million for a new fund.

“One of the things most important to us is this bigger mission of wanting to change the way the startup ecosystem is,” Yin said. “I noticed both as an entrepreneur and while running an accelerator, if you have a certain resume, went to certain schools, or were a certain race or gender, you have advantages in starting a company and getting funding. For many people, if you don’t tick those boxes, it can be very challenging. That’s why we’re investing in a lot of founders from all walks of life.”

Hustle Fund Venture Partner Brian Nichols had started a syndicate of Lyft alumni on AngelList. After doing a few deals, he opened up the syndicate to people outside of AngelList.

“I found there was a wide range of people looking to diversify into private markets, from all over the world with all types of backgrounds,” he said. “Hustle Fund and I had similar taste in companies I was investing in and I built a relationship with them in co-investments.”

Today, he’s helping run the fund’s Angel Squad initiative. So far, it has had two cohorts with over 150 investors total and true to the fund’s mission, those investors have been more diverse than typical angel syndicates: 46% of the members are female, 9% are underrepresented minorities and 32% are people who work outside of tech with professional roles such as lawyers, doctors and artists. Just one-third are based in Silicon Valley.

Every week, Angel Squad hosts an event which ranges from networking to a peek behind the curtain at opportunities at Hustle Fund is considering investing in to talking through why or why not to take a meeting with a founder.

“Imagine starting from zero, and if you could skip a bunch of steps and have Elizabeth (Yin) tell you how to do this before you lose a bunch of money in the process of evaluating a startup,” Nichols told TechCrunch. “Angel Squad is exactly what I wish had existed three or four years ago when I became interested in investing.”

Silicon Valley, Yin acknowledges, can be intimidating but the reality is that no one is an expert in everything.

“We’re trying to cultivate an environment where people are very kind — we have a no asshole rule, and that is a safe space where people can learn and feel like they can ask questions, and not have to know everything about angel investing. The reality is most people don’t. And we want to bring new people into this system.”

Besides not being an a-hole, other criteria in becoming a Squad Member include being able to add value and being an accredited investor.

“With rounds as competitive as they are today, we are looking for people who want to be actively supportive of the portfolio companies we’re investing in,” Nichols said. “Every person who wants to join the program is interviewed by someone from our team, who asks questions such as ‘What can you help a founder with?’ We are not looking for passive capital. That’s not super helpful at this point in the ecosystem.

#angel-investing, #angel-investors, #angellist, #co-founder, #colorado, #diversity, #elizabeth-yin, #entrepreneur, #entrepreneurship, #eric-bahn, #finance, #food, #funding, #hustle-fund, #investment, #lyft, #minimum-viable-product, #money, #pennsylvania, #private-equity, #real-estate, #silicon-valley, #startup, #startup-company, #startups, #tc, #venture-capital, #venture-capitalists

The Afghanistan War Is Ending. A Pennsylvania Town Exhales.

In Canonsburg, known for its big Fourth of July parade, many people say they are proud of America and its military but weary of the two-decade war in Afghanistan.

#afghanistan-war-2001, #biden-joseph-r-jr, #canonsburg-pa, #pennsylvania, #polls-and-public-opinion, #united-states-defense-and-military-forces, #united-states-international-relations, #veterans, #washington-county-pa

In My Hometown, Opioids Are Still Stealing Lives

A decade ago, it was already a crisis. But it feels like its getting worse.

#drug-abuse-and-traffic, #fentanyl, #funerals-and-memorials, #opioids-and-opiates, #oxycontin-drug, #pain-relieving-drugs, #pennsylvania, #purdue-pharma

Queens Man Is Charged in 1976 Killing of Pregnant Teenager

Luis Sierra, 63, of Ozone Park, was arrested this week in the killing of Evelyn Colon, a Jersey City 15-year-old whose dismembered remains were found along a riverbank in Pennsylvania, the authorities said.

#assaults, #dna-deoxyribonucleic-acid, #extradition, #forensic-science, #jersey-city-nj, #missing-persons, #murders-attempted-murders-and-homicides, #new-jersey, #ozone-park-queens-ny, #pennsylvania, #queens-nyc, #sex-crimes

A Larger Canvas for Your Easter Egg

Utopihen Farms offers six-packs duck eggs — large and golden yolked — nationwide.

#agriculture-and-farming, #ducks, #eggs, #pennsylvania

8 Public Gardens From Across the United States

These eight gardens, located across the country, welcome visitors with a range of beloved blooms, traditional collections and experiential outdoor spaces.

#bronx-nyc, #chicago-botanic-garden, #coral-gables-fla, #dallas-arboretum-and-botanical-garden, #florida, #flowers-and-plants, #longwood-gardens, #new-york-botanical-garden, #pennsylvania, #quarantine-life-and-culture, #states-us, #walking

Reese’s New Peanut Butter Cup Is (Almost) All Peanut Butter

After decades of touting the taste of two flavors together, Hershey’s will release a version without chocolate.

#buck-michele, #candy, #chocolate, #hershey-company, #hershey-milton-snavely-1857-1945, #peanut-butter, #pennsylvania

We Still Have to Worry About the Supreme Court and Elections

The justices are about to consider whether the Voting Rights Act applies to policies that restrict the vote.

#absentee-voting, #alito-samuel-a-jr, #barrett-amy-coney, #florida, #gorsuch-neil-m, #kavanaugh-brett-m, #minorities, #pennsylvania, #presidential-election-of-2000, #presidential-election-of-2020, #redistricting-and-reapportionment, #republican-party, #roberts-john-g-jr, #state-legislatures, #states-us, #supreme-court-us, #supreme-courts-state, #thomas-clarence, #trump-donald-j, #united-states, #voter-fraud-election-fraud, #voter-registration-and-requirements, #voting-rights-act-1965

Supreme Court Won’t Hear Pennsylvania Election Case on Mailed Ballots

In dissent, three justices said the court should have used the case to provide guidance in future elections.

#absentee-voting, #alito-samuel-a-jr, #elections-courts-and-the-judiciary, #gorsuch-neil-m, #pennsylvania, #presidential-election-of-2020, #supreme-court-us, #thomas-clarence, #united-states-politics-and-government

How the Pennsylvania GOP is Trying to Increase Their Control of State Courts

After fighting the election results, state Republicans are trying to increase their control of the courts. Outraged Democrats and good government groups see it as a new kind of gerrymandering.

#constitutions, #elections-courts-and-the-judiciary, #pennsylvania, #redistricting-and-reapportionment, #referendums, #republican-party, #state-legislatures, #united-states-politics-and-government

Pennsylvania G.O.P.’s Push for More Power Over Judiciary Raises Alarms

After fighting the election results, state Republicans are trying to increase their control of the courts. Outraged Democrats and good government groups see it as a new kind of gerrymandering.

#constitutions, #elections-courts-and-the-judiciary, #pennsylvania, #redistricting-and-reapportionment, #referendums, #republican-party, #state-legislatures, #united-states-politics-and-government

Childhood Colds Do Not Prevent Coronavirus Infection, Study Finds

New research casts doubt on the idea that prior infections with garden-variety coronaviruses might shield some people, particularly children, amid the pandemic.

#antibodies, #cell-journal, #colds, #coronavirus-2019-ncov, #disease-rates, #great-britain, #immune-system, #pennsylvania, #science-journal, #your-feed-science

Mate Fertility is aiming to create a franchise of fertility clinics open to everyone

Mate Fertility, the new Los Angeles startup launching today with $2.8 million in financing, has a mission to create a more inclusive network of family planning services for people struggling with the high cost and low availability of fertility clinics around the country.

Founded by serial entrepreneur Oliver Bogner and his brother Gabriel, Mate was born from both brothers’ struggles with trying to start a family. For Oliver, that was when he and his partner were looking at IVF as a way to screen for the BRCA1 gene from her embryos after she found out that she was a carrier. Meanwhile, Gabriel, an IVF baby who is a member of the LGBTQ community, felt that the services for family planning weren’t always accepting of the gay community.

“IVF and surrogacy were the only options for me to have kids,” the younger Bogner said. “And the queer community has been locked out of these services. It became my mission to democratize healthcare for my community.”

Once Oliver started doing research into the market and discovered that there were only 460 fertility clinics in the U.S. and that over 80% were concentrated in five major metropolitan areas, he knew there was an opportunity for a new business.

Mate Fertility co-founders Gabriel and Oliver Bogner. Image Credit: Mate Fertility

The Bogner brothers enlisted famed reproductive endocrinologist Dr. Jeffrey Steinberg, who trained under the British doctors that pioneered In Vitro Fertilization, to come on board and together the three men launched Mate Fertility.

The co-founders have enlisted an impressive array of financiers to back their business boasting an investor base that includes Andy Dunn, the founder of Bonobos; Peter Pham, the co-founder of the LA-based consumer focused company incubator, Science; Patrick Schwarzenegger; Brian Schwartz; the investors behind Roman, Allbirds, and Caspar, Rosecliff Ventures; Pure Imagination Brands; Mana Ventures, and Maschmeyer Group Ventures.

Mate is launching first in Oklahoma City, where two legacy providers are charging anywhere from 10% to 15% above the national average for family planning services. “We’re going in at anywhere from 50% to 60% lower costs than they are,” said Oliver Bogner.

The company said it would offer egg freezing services for as low as $5,000 and IVF for $8,000, while the national average for IVF cycle costs ranges from $15,000 to $18,000, including medication.

“We’re still making healthy margins that allow us to operate the business. It’s not a matter fo these procedures costing more. These 460 clinics are allowed to radically mark up the process,” said the elder Bogner. “One of these clinics is making approximately 1,000% profit margin on every procedure.”

Given the fact that the company estimates roughly 18% of the U.S. population will face some fertility issue, the need for more clinics — setting aside the lower costs — would be enormous.

We need 3,000 clinics to properly serve our population, today we have 460. There’s a huge gap in care,” said Bogner. 

The company is working with the architects behind Dry Bar, Heitler Houstoun, to design its clinics in an effort to popularize and destigmatize the services.

“We were really intrigued by Oliver and Gabe. In terms of what the biggest risks are… you’re not playing around. You’re not creating software, you’re creating life,” said Adam Struck, the founder of Mate Fertility’s lead investment firm, Struck Capital. “The ultimate KPI which is success rate for our patients is top tier. There’s a lot that Nate is doing to ensure that some of the best medical personnel in the world are part of the Mate mission.” 

Mate Fertility offers modern EHR platforms, an e-pharmacy, proven protocols, payment assistance and digital patient and provider portals for services that include IVF, genetic screening, egg freezing, surrogacy and LGBTQ family building treatments, the company said.

Its first locations will be clinics in Oklahoma City, Anchorage, Ark., Bakersfield, Calif. Lancaster, Pa., Austin, and Portland.

#anchorage, #andy-dunn, #arkansas, #austin, #bonobos, #california, #co-founder, #e-pharmacy, #egg-freezing, #ehr, #fertility, #founder, #healthcare, #ivf, #lancaster, #los-angeles, #louisiana, #pennsylvania, #peter-pham, #portland, #reproduction, #rosecliff-ventures, #serial-entrepreneur, #struck-capital, #tc, #united-states

District Attorney Charged in Sexual Assaults on Former Clients

Chad Salsman, the elected prosecutor of Bradford County, Pa., was accused of preying on female clients who were in vulnerable legal or personal situations while he was their defense lawyer.

#metoo-movement, #bradford-county-pa, #chad-salsman, #elections-district-attorneys, #ethics-and-official-misconduct, #legal-profession, #pennsylvania, #sex-crimes, #shapiro-josh-1973, #women-and-girls

15-Year Sentence for Pennsylvania Man Who Abused Girls at Orphanage in Kenya

Two of the victims were 11 years old when the abuse began, Gregory Dow admitted to the authorities.

#child-abuse-and-neglect, #kenya, #orphans-and-orphanages, #pennsylvania, #sex-crimes, #women-and-girls

Why Pennsylvania Republican Leaders Are All-In for Trump More Than Ever

Pennsylvania G.O.P. leaders have made loyalty to the defeated ex-president the sole organizing principle of the party, and would-be candidates are jockeying to prove they fought the hardest for him.

#costello-ryan-1976, #elections-governors, #elections-house-of-representatives, #elections-senate, #elections-state-legislature, #pennsylvania, #pennsylvania-general-assembly, #perry-scott-g-1962, #presidential-election-of-2020, #republican-party, #rumors-and-misinformation, #state-legislatures, #states-us, #trump-donald-j, #united-states-politics-and-government, #voting-and-voters

Inside the Billion-Dollar War Against Right-Wing Conspiracists

John Poulos is the C.E.O. of Dominion Voting Systems. His $1.3 billion suit against an ex-Trump lawyer might be the “first step” in a powerful fight against actual fake news.

#dominion-voting-systems-corp, #georgia, #john-poulos, #pennsylvania, #powell-sidney-attorney, #presidential-election-of-2020, #voter-fraud-election-fraud

SilviaTerra wants to bring the benefits of carbon offsets to every landowner everywhere

Zack Parisa and Max Nova, the co-founders of the carbon offset company SilviaTerra, have spent the last decade working on a way to democratize access to revenue generating carbon offsets.

As forestry credits become a big, booming business on the back of multi-billion dollar commitments from some of the world’s biggest companies to decarbonize their businesses, the kinds of technologies that the two founders have dedicated ten years of their lives to building are only going to become more valuable.

That’s why their company, already a profitable business, has raised $4.4 million in outside funding led by Union Square Ventures and Version One Ventures, along with Salesforce founder and the driving force between the 1 trillion trees initiative, Marc Benioff .

“Key to addressing the climate crisis is changing the balance in the so-called carbon cycle. At present, every year we are adding roughly 5 gigatons of carbon to the atmosphere. Since atmospheric carbon acts as a greenhouse gas this increases the energy that’s retained rather than radiated back into space which causes the earth to heat up,” writes Union Square Ventures managing partner Albert Wenger in a blog post. “There will be many ways such drawdown occurs and we will write about different approaches in the coming weeks (such as direct air capture and growing kelp in the oceans). One way that we understand well today and can act upon immediately are forests. The world’s forests today absorb a bit more than one gigatons of CO2 per year out of the atmosphere and turn it into biomass. We need to stop cutting and burning down existing forests (including preventing large scale forest fires) and we have to start planting more new trees. If we do that, the total potential for forests is around 4 to 5 gigatons per year (with some estimates as high as 9 gigatons).”

For the two founders, the new funding is the latest step in a long journey that began in the woods of Northern Alabama, where Parisa grew up.

After attending Mississippi State for forestry, Parisa went to graduate school at Yale, where he met Louisville, Kentucky native Max Nova, a computer science student who joined with Parisa to set up the company that would become SiliviaTerra.

SilviaTerra co-founders Max Nova and Zack Parisa. Image Credit: SilviaTerra

The two men developed a way to combine satellite imagery with field measurements to determine the size and species of trees in every acre of forest.

While the first step was to create a map of every forest in the U.S. the ultimate goal for both men was to find a way to put a carbon market on equal footing with the timber industry. Instead of cutting trees for cash, potentially landowners could find out how much it would be worth to maintain their forestland. As the company notes, forest management had previously been driven by the economics of timber harvesting, with over $10 billion spent in the US each year.

The founders at SilviaTerra thought that the carbon market could be equally as large, but it’s hard for moset landowners to access. Carbon offset projects can cost as much as $200,000 to put together, which is more than the value of the smaller offset projects for landowners like Parisa’s own family and the 40 acres they own in the Alabama forests.

There had to be a better way for smaller landowners to benefit from carbon markets too, Parisa and Nova thought.

To create this carbon economy, there needed to be a single source of record for every tree in the U.S. and while SilviaTerra had the technology to make that map, they lacked the compute power, machine learning capabilities and resources to build the map.

That’s where Microsoft’s AI for Earth program came in.

Working with AI for Earth, SilviaTierra created their first product, Basemap, to process terabytes ofsatellite imagery to determine the sizes and species of trees on every acre of America’s forestland. The company also worked with the US Forestry Service to access their data, which was used in creating this holistic view of the forest assets in the U.S.

With the data from Basemap in hand, the company has created what it calls the Natural Capital Exchange. This program uses SilviaTerra’s unparalleled access to information about local forests, and the knowledge of how those forests are currently used to supply projects that actually represent land that would have been forested were it not for the offset money coming in.

Currently, many forestry projects are being passed off to offset buyers as legitimate offsets on land that would never have been forested in the first place — rendering the project meaningless and useless in any real way as an offset for carbon dioxide emissions. 

“It’s a bloodbath out there,” said Nova of the scale of the problem with fraudulent offsets in the industry. “We’re not repackaging existing forest carbon projects and try to connect the demand side with projects that already exist. Use technology to unlock a new supply of forest carbon offset.”

The first Natural Capital Exchange project was actually launched and funded by Microsoft back in 2019. In it, 20 Western Pennsylvania land owners originated forest carbon credits through the program, showing that the offsets could work for landowners with 40 acres, or, as the company said, 40,000.

Landowners involved in SilviaTerra’s pilot carbon offset program paid for by Microsoft. Image Credit: SilviaTerra

“We’re just trying to get inside every landowners annual economic planning cycle,” said Nova. “There’s a whole field of timber economics… and we’re helping answer the question of given the price of timber, given the price of carbon does it make sense to reduce your planned timber harvests?”

Ultimately, the two founders believe that they’ve found a way to pay for the total land value through the creation of data around the potential carbon offset value of these forests.

It’s more than just carbon markets, as well. The tools that SilviaTerra have created can be used for wildfire mitigation as well. “We’re at the right place at the right time with the right data and the right tools,” said Nova. “It’s about connecting that data to the decision and the economics of all this.”

The launch of the SilviaTerra exchange gives large buyers a vetted source to offset carbon. In some ways its an enterprise corollary to the work being done by startups like Wren, another Union Square Ventures investment, that focuses on offsetting the carbon footprint of everyday consumers. It’s also a competitor to companies like Pachama, which are trying to provide similar forest offsets at scale, or 3Degrees Inc. or South Pole.

Under a Biden administration there’s even more of an opportunity for these offset companies, the founders said, given discussions underway to establish a Carbon Bank. Established through the existing Commodity Credit Corp. run by the Department of Agriculture, the Carbon Bank would pay farmers and landowners across the U.S. for forestry and agricultural carbon offset projects.

“Everybody knows that there’s more value in these systems than just the product that we harvest off of it,” said Parisa. “Until we put those benefits in the same footing as the things we cut off and send to market…. As the value of these things goes up… absolutely it is going to influence these decisions and it is a cash crop… It’s a money pump from coastal America into middle America to create these things that they need.” 

#air-pollution, #alabama, #albert-wenger, #america, #articles, #artificial-intelligence, #biden-administration, #carbon-footprint, #energy, #greenhouse-gas, #greenhouse-gas-emissions, #kentucky, #louisville, #machine-learning, #managing-partner, #marc-benioff, #microsoft, #pennsylvania, #salesforce, #satellite-imagery, #tc, #union-square-ventures, #united-states, #version-one-ventures, #yale

Richard Thornburgh, Former Governor and Attorney General, Dies at 88

He steered Pennsylvania through the Three Mile Island nuclear plant meltdown and led the Justice Department under Reagan and the first President Bush.

#attorneys-general, #deaths-obituaries, #governors-us, #kl-gates-llp, #pennsylvania, #republican-party, #thornburgh-richard, #three-mile-island-pa, #united-states-politics-and-government

How the Pandemic Is Imperiling a Working-Class College

The coronavirus has hurt Indiana University of Pennsylvania, but its financial problems were planted years ago.

#budgets-and-budgeting, #colleges-and-universities, #coronavirus-2019-ncov, #indiana-pa, #indiana-university-of-pennsylvania, #layoffs-and-job-reductions, #pennsylvania, #tuition

Scenes From a Pandemic Holiday Road Trip

Scenes from a holiday season that shone bright in dark times.

#arizona, #asheville-nc, #christmas, #hanukkah, #holidays-and-special-occasions, #maryland, #memphis-tenn, #nashville-tenn, #new-mexico, #pennsylvania, #quarantine-life-and-culture, #road-trips, #texas, #united-states, #utah

Dear Santa, Why Are You Behind Plexiglass?

All over the country, the annual Christmas ritual for children looks and feels different this year.

#children-and-childhood, #christmas, #delaware, #new-jersey, #north-pole, #pennsylvania, #quarantine-life-and-culture, #santa-claus, #shopping-centers-and-malls

Pennsylvania man is accused of casting Trump vote for his dead mother.

The Trump campaign had circulated the mother’s name while arguing there was widespread voter fraud that helped propel Joseph R. Biden Jr. to victory.

#biden-joseph-r-jr, #computers-and-the-internet, #facebook-inc, #frauds-and-swindling, #pennsylvania, #rumors-and-misinformation, #trump-donald-j, #voter-fraud-election-fraud

Storm May Bring Over 6 Inches of Snow From Virginia to New England

Some areas north and west of the Interstate 95 corridor in New Jersey and Pennsylvania may get more than a foot of snow on Wednesday, the National Weather Service said.

#cuomo-andrew-m, #delaware, #east-coast-us, #interstate-95, #national-weather-service, #new-jersey, #new-york-city, #new-york-metropolitan-area, #new-york-state, #north-carolina, #northeastern-states-us, #pennsylvania, #philadelphia-pa, #restaurants, #snow-and-snowstorms, #virginia, #weather

As Trump Disputes Election Results, Republicans Target Voting by Mail

Nearly half of voters cast absentee ballots in the election, a huge increase. If Republicans have their way, that might not last.

#absentee-voting, #georgia, #michigan, #pennsylvania, #presidential-election-of-2020, #republican-party, #state-legislatures, #texas, #trump-donald-j, #voter-fraud-election-fraud, #voter-registration-and-requirements

There’s Still a Loaded Weapon Lying Around in Our Election System

State legislatures are still a threat to appointing electors contrary to the will of their voters.

#elections, #electoral-college, #new-hampshire, #pennsylvania, #politics-and-government, #presidential-election-of-2020, #state-legislatures, #trump-donald-j

Even in Defeat, Trump Tightens Grip on State G.O.P. Lawmakers

In Pennsylvania, the president’s false claims of a rigged vote may inflame the party base for years to come. One lawmaker said that refusing to back up his assertions would “get my house bombed.”

#cutler-bryan-d-1975, #electoral-college, #pennsylvania, #presidential-election-of-2020, #republican-party, #rumors-and-misinformation, #state-legislatures, #trump-donald-j

Supreme Court Rejects Republican Challenge to Pennsylvania Vote

In a one-sentence order, the court refused to overturn election results that had already been certified and submitted.

#absentee-voting, #kelly-mike-1948, #pennsylvania, #presidential-election-of-2020, #republican-party, #supreme-court-us

Trump Asked Pennsylvania House Speaker About Overturning His Loss

President Trump has failed to persuade elected Republicans in Michigan and Georgia to subvert the will of voters, and his effort appears to have stalled in Pennsylvania too.

#cutler-bryan, #electoral-college, #pennsylvania, #presidential-election-of-2020, #state-legislatures, #trump-donald-j

In Prison for Tax Fraud, He Committed More Tax Fraud, U.S. Says

Abdel Soliman was serving a 41-month federal sentence when he used a smuggled cellphone to prepare tax returns for clients, diverting more than $470,000 in refunds, the authorities said.

#cellular-telephones, #frauds-and-swindling, #pennsylvania, #prisons-and-prisoners, #soliman-abdel, #tax-preparers-and-preparation

Florida-based logistics provider ShipMonk raises $290 million on the back of rising eCommerce demand

Jan Bednar started ShipMonk with $70,000 in winnings from a string of student business plan competitions and launched the business that just closed on $290 million in new funding from a small warehouse with no air conditioning in the middle of Florida.

While Bednar’s new offices are still inside the warehouse his company operates, they now have air conditioning… and a $290 million financing round from Summit Partners to grow its business.

The Ft. Lauderdale, Fla.-based ShipMonk provides a slew of shipping and logistics services for small to medium-sized eCommerce businesses and right now — given the continuing COVID-19 pandemic — business is good.

We help SMBs and mid-market direct to consumer companies manage their supply chains. Help get their products from suppliers to facilities and connect with all of their sales channels including B2B … order management, transportation management, reverse logistics,” said Bednar. 

The company’s largest customers can book anywhere from $150 million to $250 million in revenue, but most of ShipMonk’s customers are actually small businesses pulling in between $1 million and $10 million on average.

It’s for these businesses that ShipMonk will fill its warehouses in Pennsylvania, California and Florida with 60,000 stock keeping units — managing around 50 different items for each customer it serves.

Bednar said ShipMonk would use the new cash to continue to upgrade its automation services and increase its staffing while also looking to expand internationally.

Profitable from the outset, ShipMonk just came off one of its best years, taking in upwards of $140 million in revenue. 

Bednar began the business alone, but quickly brought on co-founders Kevin Seitz, who handles marketing for the business, and Bosch Jares, a fellow native of the Czech Republic (like Bednar) who serves as the company’s chief technology officer.

The story of how Jares joined the business is indicative of the type of hustle that’s allowed Bednar to grow a booming tech and logistics business from the Ft. Lauderdale beaches.

It was the Florida weather that sold Jares, a college student from one of the Czech Republic’s top technical institutions, on the move to ShipMonk. Bednar had posted an internship opportunity to work (unpaid, but offering room and board) at his company on a college job board in the middle of January. The applications came pouring in, but it was Jares, a programmer who had been working with computers since age 14 who took the slot.

The rest… is ShipMonk history. Jares built the bulk of the backend for the company’s initial services spending nearly 20 hours a day coding.

 The thriftiness and hard work has won ShipMonk a booming business that has grown from 15,000 square feet of warehousing space into nearly 1 million square feet of storage space and a logistics service that spans the U.S. 

Timing for the new round couldn’t be better, as National Retail Federation estimates are banking on a 20% bump in new online sales — which could reach $202 billion this year. 

Black Friday alone raked in $9 billion in online purchases, according to data from Adobe Analytics provided by the company, and consumer spending is only going to continue to move online as the pandemic continues to threaten the health and safety of American consumers.  

ShipMonk’s technology integrates with shopping cart and marketplace platforms like Shopify to import orders across sales channels, which are then processed at the company’s warehouse locations. Customers can save up to 50% on their operational costs, according to the company.

“We believe ShipMonk truly demonstrates the power of a bootstrapped, durable growth mindset. Jan identified a significant gap in the market and, together with the ShipMonk team, has scaled the business in a deliberate and capital efficient manner to address that need. The results have been impressive,” said Christopher Dean, a Managing Director at Summit Partners who is taking a seat on the company’s board. 

 

#articles, #business, #california, #chief-technology-officer, #czech-republic, #e-commerce, #florida, #logistics, #online-purchases, #online-sales, #online-shopping, #order-management, #pennsylvania, #programmer, #shopify, #summit-partners, #supply-chain-management, #tc, #united-states