E-Commerce Economics Are Broken, Says Tech Startup Tradeswell. It Has A Plan To Help Fix Them.

Paul Palmieri was looking at various direct-to-consumer startups as possible investments for his venture capital fund when he decided the e-commerce economics didn’t add up.

“I definitely saw a lot of opportunity to invest in direct to consumer brands, but every time we would get close, we would look at it and say, gosh, the numbers are somewhat broken,” he said.

While the sales potential is great, the fees brands pay to what Palmieri calls the ecosystem of e-commerce enablers—for advertising, for keywords, for warehousing, for fulfillment—are destroying margins.

So instead of investing in a DTC brand, Palmieri decided to invest in starting a company that would help brands large and small master the new math of e-commerce.

The company, Tradeswell, emerged from stealth mode last week after beta testing its platform since the beginning of this year.

The platform uses artificial intelligence to analyze a brand’s data and performance on e-commerce marketplaces and help them make better decisions to maximize their margins.

Palmieri likes to describe Tradeswell as a Bloomberg terminal for e-commerce.

“We’re the first algorithmic trading platform for e-commerce brands to trade their goods at the speed and velocity of today’s markets,” Palmieri said.

While it doesn’t doesn’t directly trade goods (at least not yet), Tradeswell can automate functions like keyword bidding for better search and marketing results, or advise brands which of the marketplaces they are operating on—i.e. Amazon
AMZN
, Walmart
WMT
, Target
TGT
—is giving them the best return, or which product sizes or assortments are the most profitable.

Brands who sign on with Tradeswell allow the platform to access their e-commerce data and the platform uses artificial intelligence to “reveal insights

Five ‘Citation Laureates’ Awarded 2020 Nobel Honors for Physics, Chemistry and Economics

59 researchers named as ‘Citation Laureates’ have won Nobel honors since 2002

LONDON, Oct. 13, 2020 /PRNewswire/ — Clarivate Plc (NYSE:CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, today celebrates the five extremely highly cited ‘Citation Laureates™’ who have been named as 2020 Nobel prize winners – demonstrating once again, the association between citations in the literature, influence through a research community, and peer judgement.

The quantitative and qualitative analysis from Clarivate is regularly cited, as a predictive weathervane as to who may receive Nobel honors each year.  Since 2002, 59 named individuals have gone on to receive Nobel prizes.

The five Citation Laureates named as Nobel Laureates in 2020 are:

  • The 2020 Nobel prize for Physics awarded to Roger Penrose, University of Oxford, UK for the discovery that black hole formation is a robust prediction of the general theory of relativity 
  • The 2020 Nobel Prize for Chemistry awarded to Emmanuelle Charpentier, Max Planck Institute, Germany and Jennifer A. Doudna, University of California, Berkeley, USA, for the development of a method for genome editing. 
  • The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel awarded to Paul R. Milgrom and Robert B. Wilson of Stanford University, USA, for improvements to auction theory and inventions of new auction formats.

Each year since 2002, analysts at the Institute for Scientific Information™ at Clarivate have drawn on Web of Science™ publication and citation data to identify influential researchers across the globe whose contributions to science have been extremely influential, even transformative in the research areas recognized by Nobel Prizes: Physiology or Medicine, Physics, Chemistry and Economics. Out of some 50 million articles and proceedings indexed in the Web of Science since 1970, only

U.S. Auction Theorists Win the 2020 Nobel in Economics

Mr. Milgrom and Mr. Wilson came up with a new format that allowed the simultaneous auctioning of the many geographic areas of the radio spectrum across various bidders, starting with low prices and allowing repeated bids. The F.C.C. adopted the approach in 1994, and found that it allowed them to dole out the radio space while also raising far more money.

The Milgrom and Wilson approach met with such success that many other countries, including Britain, Canada, and Spain, went on to adopt it.

The economists “started out with fundamental theory and later used their results in practical applications, which have spread globally,” Peter Fredriksson, chairman of the prize committee, said in a release accompanying the announcement. “Their discoveries are of great benefit to society.”

Auction theory can have even broader application, the winners said during a Stanford news conference on Monday. Mr. Wilson cited his work on diamond pricing, among other examples, while Mr. Milgrom pointed to the challenge in allocating respirators early in the pandemic crisis. He said that the bottleneck, which forced states to chaotically bid against one another without expanding the supply of ventilators, illustrated how market design matters.

“We need well-thought out systems, and part of what we do in market design is try to think about all of the aspects of systems — competition, distribution, solving hard complex problems,” Mr. Milgrom said during a news conference held by Stanford.

Mr. Wilson was born in 1937 in Geneva, Neb., earned both his bachelor’s and graduate degrees from Harvard University, and he is now a professor emeritus at Stanford University.

Mr. Milgrom was born in 1948 in Detroit. He completed his bachelor’s at the University of Michigan and his graduate education at Stanford, where he received a doctorate in 1979 and where

Scarcity Definition Of Economics

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A fundamental data of human growth is needed to know the elemental nature of the hole that has been created by our technological developments. Actual life presentations expand this experience on a neighborhood level, and the Internet turns into the wormhole we slip through to share what we create on a worldwide scale.…