E-commerce is reshaping how we do business, but where do we stand four years after lockdowns pushed everything online? I'm joined by Roei Yellin, Co-Founder and Chief Revenue Officer of 8fig, to dissect the current state of the industry. We'll explore whether we've returned to previous trends, settled into a new normal, the impact of Chinese competitors, and of course everyone’s favorite buzzword, AI.
Episode Highlights
- 8fig is a growth platform that combines financial planning and direct financing, uniquely supporting e-commerce sellers in areas where traditional bank lending falls short.
- Despite a transient spike during the pandemic, the e-commerce industry has resumed its steady, long-term growth, reflecting an increasingly digital consumer base.
- The maturing e-commerce market is raising barriers to entry and increasing competition, necessitating strategic and efficient business operations.
- The emergence of Chinese e-commerce platforms is introducing new competitive dynamics, with consumers becoming increasingly comfortable ordering products from these platforms.
- What's Next Austin?
- "So the reason we came and we built the office in Austin was because it's a very strong hub for e-commerce sellers...Austin is also becoming a hub for the creative space. So online creators, podcasters, YouTube creators, Instagram influencers are all coming to Austin together. I think there will be a very interesting mix between the two"
What is Austin Next?
Austin is building the new tech, cultural, and intellectual stack. The region is a living laboratory to answer a single question: How do you build a global innovation superpower?
Host Jason Scharf dissects innovation from the individual to the ecosystem. From the soundstage to the data center to the fab, we decode the mechanics of Austin's innovation ecosystem.
As Atoms, Bits, and Intelligence converge, we explore how Hard Tech scale, digital velocity, and creative density collide. This is an audit of the future. We map the physics of the flywheel so builders and investors can navigate the chaos.