Interplay reposted this
For this week's podcast episode - the last one before the pod takes a summer break - my colleague Mike Rogers joins me to discuss Apple's latest updates + AI announcement. Additionally, we touch on the implications of growth round pay-to-play dynamics in the early-stage market. 🎧 at https://ipl.vc/p122
Today marks a significant milestone for Interplay as we proudly announce the closing of our third fund, securing $45M to focus on B2B marketplaces and vertical software. This third fund underscores our commitment to the prevailing trend in software - a substantial shift towards specialization. Reaching this point is a testament to the collective efforts of our exceptional team: Mark Peter Davis, Kevin W. Tung, Mike Rogers, Christian Mark, Caroline Elliott, Stacy Greco, Will Richardson and the rest of Interplay. A special thanks to Christine Hall at TechCrunch for covering our announcement and taking the time to delve into the Interplay journey. https://lnkd.in/eQY94tmk
On average, multi-brand retailers fail to sell 30% of their inventory, resulting in a financial loss with a material impact to the business. Today, no effective solution exists; liquidation solutions generate pennies on the dollar and existing software solutions all cater to large brands. Max Retail is solving the issue of excess inventory for SMB, multi-brand retailers with a platform that enables these businesses to efficiently sell excess inventory directly to end-consumers via its innovative zero-inventory technology platform. We're extremely excited to be investors in Max Retail and to work with their team, led by Melodie van der Baan, as they help multi-brand retailers maximize sales. Learn more about the work Max Retail is doing in our blog post detailing the company and our investment: https://ipl.vc/bmr
We're thrilled to announce the launch of our newly redesigned website! Our team worked diligently to create a more visually appealing and informative online experience. With a fresh look that features more content and insights, the design is meant to more intuitively display everything that's going on here at Interplay. Check it out @ https://interplay.vc/.
If you or someone you know is an expert in marketing, there's a great opportunity at one of our amazing VC portcos, Tovala! Learn more via the below job description.
I'm excited to share that we're hiring for a VP of Marketing at Tovala. We're looking for someone strategic that has strong brand instincts, is a gifted storyteller and is just as comfortable with data. We're offering $20,000 to anyone that can find us the right person. You can send this link — https://lnkd.in/gza3nwA7 — to any candidates or you can re-share with folks you think would know great candidates!
