Re:OpenStore Raises $75M to Acquire More Shopify Sellers
by afsafsaf on Thursday November 18, 2021 @12:28PM
(#29268027)
They are probably focusing on shopify because they need to automatically ingest financial metrics for the valuation. Shopify has the transaction data so they can automatically value any company on the platform. They are probably starting with shopify since its the biggest ecommerce platfor.
Re:OpenStore Raises $75M to Acquire More Shopify Sellers
by mountainb on Thursday November 18, 2021 @01:45PM
(#29268922)
Most of these target Amazon sellers, but they also roll up other independent stores. The thesis in this case that Shopify store operators are analogous to Amazon store operators, so they can use the same roll-up model on Shopify people, which isn't actually the case for many important reasons.
Re:OpenStore Raises $75M to Acquire More Shopify Sellers
by ericcholis on Thursday November 18, 2021 @12:33PM
(#29268078)
I'd imagine that targeting Shopify makes the process much easier for evaluation and migration.
Re:OpenStore Raises $75M to Acquire More Shopify Sellers
by ab_testing on Thursday November 18, 2021 @02:45PM
(#29269536)
They leave them on Shopify. Basically it is a way for owner operators to cash out if their Shopify stores have reached a certain level of revenue and the business is kinda automated.
Re:OpenStore Raises $75M to Acquire More Shopify Sellers
by staticautomatic on Thursday November 18, 2021 @12:04PM
(#29267719)
Same thing happens with Amazon sellers.
Or do they leave them on shopify?
What an odd business model. To focus only on businesses using the shopify platform.
I wonder how Shopify views this?