September 26, 2020 Informative 270 views

Startup Funding Rounds

Phase 1 – Starting the Company

  • Pre-seed/friends and family funding: The usual step before angel funding or VCs, where the founder or founders just have a set of skills and an idea to begin their company, and either themselves or close friends and family fund it.
  • Incorporation/Corporation: Allows the founders and the investor to agree on the terms of ownership and decision-making. It provides a layer of protection, for example, in case the company gets sued. A Delaware C-Corporation is the most standard type of legal structure you can use, and most investors in the US will want that.
  • Shares: This is what corporations are made of. Company ownership is represented in an integer number of shares. People own a given amount of shares of the business, which therefore represents a percentage of the total shares the company has issued.
  • Valuation: This is how much the business is worth. If the startup just has an idea or a code, the valuation is an agreement on something that feels fair to the investor and the founders.
  • Vesting: An agreement that says that each founder will only own their assigned shares after a certain period of time.

Phase 2 – Seed Round

  • Seed funding/capital/round: The first funding (outside friends and family) a startup obtains to create its business and make it grow enough. Angel investors, accelerators, incubators, and even some venture capital firms could act here.
  • Angel investor: A -very rich- individual, usually outside of the friends and family circles, who normally funds a startup in the early stages.
  • Convertible notes: If founders and investors have no way of agreeing in valuation, they can use a convertible note to hold off on the decision of how much the business is worth. With a convertible note, investors can come in, the company can grow, and the conversion to stock occurs later. A convertible note works much like a loan, except that it’s designed to be paid back in stock instead of cash. They are also known as bridge funding.
  • Stock option pool: In the startup world, it’s quite common to offer shares of stock to the first employees in the company; this is done with a stock option pool. It is a defined amount of shares that are ‘set aside’ to be issued to employees. The shares on the stock option pool are not given to employees because of tax purposes.

Phase 3 – Series A Funding

  • Series A Funding: After gaining enough traction, a startup can go to a venture capital firm and apply for a Series A round. This normally involves negotiations in terms of the company’s valuation and the position of the investors in the board of directors.
  • Board: The board of directors has control over crucial company aspects. It abides by the company bylaws, which is a sort of rulebook. The board makes most company decisions with a simple majority.
  • Preferred shares: Investors will also want to protect themselves in case the company goes down. If things don’t go right, it might file for bankruptcy or it might be acquired/absorbed for a small amount. In that case, investors might request that if that happens, they get paid first. Special rules like that make what we call ‘preferred stock.’

September 23, 2020 Statistics 2,947 views

Top 25 Freight Forwarders by US Imports from Asia 2020

US Import from Asia, Jan-Aug 2020

The JOC Top 25 Non-Vessel-Operating Common Carriers (NVOs) in the eastbound trans-Pacific trade handled 49.4 percent of the nearly 4.73 million TEU in US imports from Asia transported by NVOs during the first eight months of 2020.

I had highlighted DT, because everyone knows it, they are the main Flexport agent in China and Hong Kong. Not sure how much of their volume if any consists of Flexport nominated business too. Because to my understanding, the volumes ain’t yet truly being reflected in the ‘manifest’ since a lot of their agents are using their own ‘SCAC’ codes. Anyways.

Rank NVOCC TEU Jan-Aug 2020
1 Apex Group 238,940
2 Expeditors International 220,255
3 C.H. Robinson 210,180
4 OEC Group 185,148
5 Honour Lane Shipping 166,254
6 Kuehne + Nagel International 160,886
7 The Topocean Group 128,664
8 Hecny Shipping 106,177
9 DHL 75,675
10 China International Freight Co 69,447
11 De Well 69,290
12 Orient Star Transport International Ltd. 67,796
13 SeaMaster Logistics, Inc. 65,902
14 MCL Multi Container Line 60,898
15 UPS Supply Chain Solutions Inc. 58,795
16 Flexport 55,808
17 DT Logistics (Hong Kong) Ltd 55,168
18 DB Schenker 54,839
19 Safround logistics 48,448
20 DFDS Group 44,868
21 Pudong Prime International Logistics 39,981
22 Cohesion Freight (H.K.) 39,195
23 Translink Shipping 38,702
24 FedEx Trade Networks 38,454
25 Joosung Sea & Air Co. 37,115
JOC Rankings: Top 25 Asia-US import NVOs www.joc.com

 


September 23, 2020 Informative 31,492 views

IMO Classes for Dangerous Goods

The Carriage of dangerous goods and marine pollutants in sea-going ships is respectively regulated in the International Convention for the Safety of the Life at Sea (SOLAS) and the International Convention for the Prevention of pollution from Ships (MARPOL).

Continue…


September 13, 2020 Informative 1,378 views

Apple: Revenue by Product 2007-2012

Had made this chart 8 years ago, it pretty much sums up Apple Inc and the revolution it led after 2007 and how it became the first $2 trillion company from the verge of bankruptcy.

 


September 11, 2020 General 1,537 views

DB Schenker to AP Møller-Mærsk: Welcome to the junglepermalink

theloadstar.com

Alesssandro: It didn’t take long for feedback in my marketplace to explode at the end of last week, when I went after the status of relations between Germany’s DB Schenker and Denmark’s AP Møller-Mærsk as the former, shamelessly, tries to poach Damco customers in what appears to be the epitome of a strained forwarder-carrier connection.

When these carriers are off waters into a 3PL territory, they are just like everyone else. they can’t keep their boat afloat on the land period.

Alesssandro: please spell it out for me: FF/logistics is a people business (I think we agree), they are hiring some of the best from the FF industry (I think we agree), and still they cannot compete? While it remains to be seen to what extent they truly want to compete with the major GLSPs, and I get the capacity-best-quotes-from-3rd-party issue – what else is there not to like? Carriers are carriers and aren’t smart enough to be as good as FFs doesn’t sound a very compelling argument to me…

What I have figured, steamship carriers are ‘genetically’ too much bureaucratic, and with their freight forwarding divisions, I am sure, their DNA is ultimately inherited by them, also freight forwarders are willing to get their hands dirty where they do not, handling SMEs etc .. they definitely can compete, I wasn’t implying that, but I just don’t see the ‘devotion, and dedication of a freight forwarder in them’.

Also it ain’t gonna help them IMO, because all carriers now have their FF divisions, so they would end up competing with each other, just like they compete in the box ship market. I should be wrong though when suggesting it, but I still don’t see it happening; on the paper, It just looks too good, and their FF divisions should knock the ball out of the park.

Alesssandro: …so APMM changing to change nothing at all?

APMM isn’t like any other steamship line, they are ‘PRO’, however it all boils down to basics, theoretically, Nestle or Coke, should have retail outlets too, rather than 3rd party distributors and retailers, to drive their bottomline as high as they can. But that scheme quickly falls apart, when you consider the operational costs., even apart from operational costs, it’s a huge administrational effort, to make retail sales at your own being a large producer of the goods.



September 1, 2020 General 1,436 views

Safmarine and Damco brands go in latest Maersk reshufflepermalink

splash247.com

In further sweeping changes at A.P. Moller-Maersk, Damco will disappear as an NVOCC, while the Safmarine brand, the African shipping line acquired by Maersk in 1999, is to be phased out and subsumed into the Maersk product.

Press F for respects.


August 21, 2020 Statistics 222 views

The data shows the signs of the end of pandemic

We are very much past the peak, things are improving, everywhere. I guess by the end of 2021, things should be back to normal 90% .. IF there isn’t a relapse, which is again very unlikely, as we have enough medical facilities and personnel to handle it and well prepared for it, given their training over the past year. As well as, we would have dependable vaccine ready, that could prevent deaths in most cases.


August 21, 2020 General 296 views

Just miraculous

Our gross revenue went through the roof due to an unprecedented increase in airfreight prices, however I personally do not use it as a vanity measure, anyhow Earning Before Tax (EBT) has been up by at least 15% thus far in 2020; given we already had an exceptional financial year of 2019. I wasn’t expecting 2020 by any mean, to yield us 15% more in profits than the previous year, without any layoffs or cutting down on our operational costs. Just miraculous.


August 21, 2020 Informative 1,358 views

Major Exports of Pakistan

  • Textiles and worn clothing: US$4.1 billion (17.1% of total exports)
  • Cotton: $3.5 billion (14.9%)
  • Knitted or crocheted clothing and accessories: $2.9 billion (12%)
  • Clothing accessories: $2.6 billion (10.9%)
  • Cereals: $2.4 billion (9.9%)
  • Leather/animal gut articles: $662.7 million (2.8%)
  •  Sugar and manufactured products: $519 million (2.2%)
  • Mineral fuels including oil: $499.5 million (2.1%)
  • Beverages, spirits, vinegar: $453.1 million (1.9%)
  •  Salt, sulfur, stone, cement: $445.4 million (1.9%)
  • Fish and poultry: $422 million (1.8%)

Note: Above statistics are for the fiscal year 2018.