Boxed Files for Bankruptcy

Platforms
Written By Rick Watson

Spresso is Boxed’s Software-as-a-Service business.

Well, Watsonians, this is the opposite of what we normally cover here in our Investor Minute.  Boxed started in 2013 as a kind of mobile wholesale club, but without a membership.  The company raised over $350 million dollars over its history, and pivoted into more than one business model.  It just seems to me the company never fully understood who its customers were.

Reuters: E-commerce firm Boxed Inc files for bankruptcy, eyes software unit sale

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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