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pizza-making robot startup Zume, which raised $375M from SoftBank, lays off 80%
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Poast new message in this thread
Date: January 7th, 2020 3:57 PM Author: fragrant smoky fanboi orchestra pit SoftBank-Funded Zume Reportedly Lays Off 80% Of Staff Natasha Mascarenhas January 7, 2020
Natasha Mascarenhas nmasc_ In a little over a year, pizza-making robot startup Zume has gone from getting $375 million from SoftBank, to pivoting to food packaging through an acquisition, to raising at a reported $4 billion valuation, to its latest: laying off 80 percent of its employees, as reported by Business Insider.
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According to BI, several teams will be affected by layoffs, with the highest concentration in engineering, operations and corporate development. This follows a massive executive exodus triggered in June. According to his LinkedIn, beverage industry exec David Kamenetzky, the newest board member for Zume, left in December.
The company’s press team did not immediately respond for comment.
The cycle of startups going from landing nine-figure rounds, as well as scooping up other companies, to laying off hundreds of employees is nothing new. Especially in the SoftBank world: The Japanese conglomerate has been looked at as part of the problem, if not the main perpetrator, for ballooning valuations overnight with heavy-handed checks. Its portfolio shows its large sums of cash doesn’t fix everything: think WeWork, and if you have energy, look at Uber. I need not say more, but I can: days after WeWork’s CEO, Adam Neumann, departed due to investor pressure, reports came out that another real estate company, Compass, also invested in by SoftBank, has been facing a large executive exit as well. The New York startup has raised $1.6 billion in known funding to date, and has lost a slew of senior-level individuals over the past two years, including its chief financial officer, chief marketing officer and chief technology officer.
But the problem appears to have deepened. For example, Axios reported that SoftBank is cutting its ties with startup investments, even after signing term sheets. Per the story, one of the startups SoftBank is messing with is Creator, a San Francisco-based startup that develops hamburger-making robots (coincidentally enough). After signing an exclusive term sheet, SoftBank has left the deal in flux.
Bottom line: Zume, one of the biggest capital-backed companies in the pizza startup space, was raising money at a $4 billion dollar valuation in November. Now, two months later, it’s facing cuts. No matter how you slice it, it looks like 2020’s reckoning has begun. |
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Date: February 28th, 2020 7:55 AM Author: carmine bull headed set trump supporter This is what the CEO/Founder looks like:
https://media.bizj.us/view/img/10173657/juliacollinszume-pizza*400xx3812-3806-0-259.jpg |
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Date: February 28th, 2020 8:08 AM Author: carmine bull headed set trump supporter Josh Goldberg, 38, is the chief technology officer of the Mountain View, Calif., pizza joint. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39666187) |
Date: January 7th, 2020 4:00 PM Author: Bistre hot turdskin halford Who needs robots to make pizza??? (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393808) |
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Date: January 7th, 2020 4:00 PM Author: lake massive public bath "Bottom line: Zume, one of the biggest capital-backed companies in the pizza startup space, was raising money at a $4 billion dollar valuation in November."
LOL |
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Date: January 7th, 2020 8:28 PM Author: Concupiscible twinkling uncleanness resort (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39395486) |
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Date: January 8th, 2020 1:54 AM Author: Electric Swollen School Cafeteria (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39397481) |
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Date: January 8th, 2020 1:59 AM Author: honey-headed excitant hunting ground school I literally did not realize there was a "pizza startup space". (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39397492) |
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Date: January 8th, 2020 7:45 PM Author: crawly fiercely-loyal dog poop (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402016) |
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Date: January 8th, 2020 8:45 PM Author: Puce dingle berry (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402250) |
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Date: January 7th, 2020 4:00 PM Author: French Property Double Fault of robot staff (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393811) |
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Date: January 8th, 2020 9:07 PM Author: Aromatic Nowag Robots got too comfortable. Didn't realize they could be replaced with humans at a third the cost. And now they're unemployed. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402391) |
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Date: January 7th, 2020 4:05 PM Author: Rebellious Aqua Dilemma Blood Rage Remember the Zune? You can still buy one on EBay (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393833) |
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Date: January 7th, 2020 4:07 PM Author: Tripping Main People Stag Film I need to trick kooky Japanese investors into making me rich. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393839) |
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Date: January 7th, 2020 4:07 PM Author: Odious Slippery Deer Antler Corn Cake Arab (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393841) |
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Date: January 7th, 2020 4:08 PM Author: racy charcoal headpube (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393846) |
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Date: January 7th, 2020 4:09 PM Author: hairraiser topaz library (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393853) |
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Date: January 7th, 2020 4:10 PM Author: black cruise ship boiling water (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393861) |
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Date: January 7th, 2020 4:13 PM Author: Startling stead it's the only way to get rich these days
see: wework's founder |
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Date: January 7th, 2020 4:26 PM Author: lake massive public bath (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393963) |
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Date: January 7th, 2020 5:01 PM Author: Self-absorbed whorehouse (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394184) |
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Date: January 7th, 2020 8:29 PM Author: crawly fiercely-loyal dog poop (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39395490) |
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Date: January 8th, 2020 2:34 AM Author: Citrine Costumed Weed Whacker Ladyboy "let me know how I can be helpful" (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39397547) |
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Date: January 8th, 2020 8:44 PM Author: crawly fiercely-loyal dog poop (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402246) |
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Date: January 7th, 2020 4:10 PM Author: Purple Duck-like Base https://www.youtube.com/watch?v=TkhWonFm-Lw (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393865) |
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Date: January 7th, 2020 4:11 PM Author: black cruise ship boiling water >>Axios reported that SoftBank is cutting its ties with startup investments, even after signing term sheets. Per the story, one of the startups SoftBank is messing with is Creator, a San Francisco-based startup that develops hamburger-making robots (coincidentally enough). After signing an exclusive term sheet, SoftBank has left the deal in flux.<<
This is interesting. Wonder if it's really a trend or just getting cold feet on 1 deal and going silent for the 30-day exclusivity to expire (which is rare but happens). |
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Date: January 7th, 2020 4:12 PM Author: black cruise ship boiling water As a side note I tried it a few years ago when they had 50% off + a second pizza for $5-10 or so and the pizza looks really pretty but is bland. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393880) |
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Date: January 7th, 2020 4:13 PM Author: Startling stead i literally cannot believe someone plunked that much $$ into a startup idea so worthless (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393884) |
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Date: January 7th, 2020 4:16 PM Author: stirring electric furnace keepsake machete "You see? The robot makes the pizza!" (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393905) |
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Date: January 7th, 2020 4:28 PM Author: hairraiser topaz library theoretically it could be worthwhile right? all depends on the details. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393981) |
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Date: January 7th, 2020 4:39 PM Author: stirring electric furnace keepsake machete In theory maybe but labor is still pretty fucking cheap in the grand scheme of things. Kitchen staff seem like the last ones we are going to automate away. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394056) |
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Date: January 7th, 2020 4:42 PM Author: hairraiser topaz library no for sure the robot kitchen would have to be pretty low cost and work well for it to matter that you don't need a few 10 dollar an hour pizza "experts" on deck in pizzashithut. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394075) |
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Date: January 8th, 2020 8:44 PM Author: crawly fiercely-loyal dog poop *claps like seal* (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402245) |
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Date: January 7th, 2020 4:16 PM Author: Purple Duck-like Base they didn't even fully automate the pizza-making process. they still used humans to put toppings on the pizza. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393906) |
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Date: January 7th, 2020 4:27 PM Author: lake massive public bath lmao (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393974) |
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Date: January 7th, 2020 4:30 PM Author: rose razzle coffee pot (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39393996) |
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Date: January 7th, 2020 4:37 PM Author: fragrant smoky fanboi orchestra pit (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394042) |
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Date: January 7th, 2020 4:41 PM Author: Marvelous At-the-ready Site Affirmative Action (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394065) |
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Date: January 8th, 2020 8:33 PM Author: Amber theatre crotch (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402184) |
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Date: January 7th, 2020 4:38 PM Author: fragrant smoky fanboi orchestra pit clearly you are nto appreciating the market potential of artificial intelligence machine learning big data cloud enalbed internet of things social mobile dough makers and rollers (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394051) |
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Date: January 7th, 2020 4:38 PM Author: Lime point codepig toppings artist, actually (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394052) |
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Date: January 7th, 2020 4:50 PM Author: Drab rough-skinned therapy that seems like the easiest part to automate / roboticize
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Date: January 8th, 2020 8:45 PM Author: Puce dingle berry (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402249) |
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Date: February 28th, 2020 7:59 AM Author: carmine bull headed set trump supporter humans also had to make the crust (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39666171) |
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Date: January 7th, 2020 4:39 PM Author: Crystalline multi-colored garrison national security agency DESCRIBE the SoftBank investment committee.
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Date: January 7th, 2020 4:42 PM Author: Marvelous At-the-ready Site Affirmative Action it's one japanese trust fund kid (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394073) |
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Date: January 7th, 2020 4:42 PM Author: hairraiser topaz library (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394077) |
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Date: January 7th, 2020 4:42 PM Author: hairraiser topaz library but he's like 70 now right (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394079) |
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Date: January 7th, 2020 4:52 PM Author: Infuriating Useless Corner ethnic Korean, actually (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394133) |
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Date: January 8th, 2020 8:45 PM Author: Puce dingle berry (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402252) |
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Date: January 7th, 2020 7:36 PM Author: Odious Slippery Deer Antler Corn Cake idiots bidding up everything so other vc/pe groups can't get in (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39395031) |
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Date: January 7th, 2020 5:01 PM Author: abusive faggot firefighter address sv is literally just kikes scamming the goyim (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39394180) |
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Date: January 8th, 2020 2:38 AM Author: pearly rigor university Arent digiornios/red barons made on an assembly line?
Why did they give it a cutesy name that has nothing to do with pizza? |
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Date: January 8th, 2020 2:41 AM Author: Spectacular trust fund lol at this retarded startup
https://www.youtube.com/watch?v=uFSdxwRVh8A |
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Date: January 8th, 2020 2:46 AM Author: Diverse insane church building "We have a series of pilots that are tied into a logistics and routing program..."
IOW, our delivery drivers use waze. |
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Date: January 8th, 2020 8:41 PM Author: crawly fiercely-loyal dog poop (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402218) |
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Date: January 8th, 2020 3:50 AM Author: 180 church we need mexicans to work in these conditions. no actual human should have to work like this, among robots, in a white sterile environment, making "pizza". (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39397598) |
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Date: January 8th, 2020 5:24 AM Author: Electric Swollen School Cafeteria pro-click (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39397636) |
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Date: January 8th, 2020 9:05 AM Author: stirring electric furnace keepsake machete LMAO all the robots do is the apply and spread the sauce and load the pizza in the oven, but everything else is done by humans. JFC. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39398074) |
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Date: January 8th, 2020 7:34 PM Author: Electric Swollen School Cafeteria (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39401974) |
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Date: January 8th, 2020 7:42 PM Author: racy charcoal headpube i am dumber for having watched this (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402003) |
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Date: January 8th, 2020 7:44 PM Author: Electric Swollen School Cafeteria dumber but wiser (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402010) |
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Date: January 8th, 2020 9:55 PM Author: fragrant smoky fanboi orchestra pit my fucking god i cant get over how fucking stupid this is
I THOUGHT IT WAS A ROBOT THAT MADE PIZZA FROM SCRATCH, THAT WOULD BE COOL EVEN THOUGH NOT REALLY WORTH 375M, ALL THESE MOTHERFUCKERS DID WAS HAVE 3 ROBOT ARMS THAT DIP SAUCE, SPREAD SAUCE, AND MOVE THE HUMAN MADE PIZZA INTO THE OVEN
MOTHERFUCKERS YOU DONT NEED A FUCKING ROBOT ARM TO TRANSFER PIZZA FROM A CONVEYER BELT INTO THE OVEN WHY NOT JUST HAVE IT GO DIRECLTY INTO THE OVEN HOLY SHIT |
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Date: January 8th, 2020 7:44 PM Author: bat-shit-crazy twinkling lay holy shit @ the big ass robot arm that does nothing but move pizza at a 90 degree angle from a conveyor belt to an oven this is one of the most retarded things ive ever seen, if someone had turned this in as a senior design project at my school they’d have probably failed |
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Date: January 8th, 2020 8:41 PM Author: crawly fiercely-loyal dog poop (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402221) |
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Date: January 8th, 2020 8:51 PM Author: racy charcoal headpube it's Morbidly Obese Pizza Robot (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402294) |
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Date: January 8th, 2020 9:07 PM Author: crawly fiercely-loyal dog poop (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402392) |
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Date: January 8th, 2020 9:46 PM Author: stirring electric furnace keepsake machete (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402617) |
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Date: January 8th, 2020 9:47 PM Author: bat-shit-crazy twinkling lay (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402623) |
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Date: January 8th, 2020 9:53 PM Author: fragrant smoky fanboi orchestra pit *cough* woman *cough* minority CEO (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402664) |
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Date: January 8th, 2020 3:01 AM Author: Spectacular trust fund Meredith Whitney was apparently its CFO. This just gets better and better
https://www.youtube.com/watch?v=lLgdI0xo09g |
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Date: January 8th, 2020 7:46 PM Author: bat-shit-crazy twinkling lay female ceo/cofounder, female cfo... picture is suddenly becoming clearer... (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402018) |
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Date: February 28th, 2020 8:08 AM Author: carmine bull headed set trump supporter Josh Goldberg, 38, is the chief technology officer of the Mountain View, Calif., pizza joint. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39666188) |
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Date: January 8th, 2020 7:51 PM Author: Histrionic Gay Wizard Jfc (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402040) |
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Date: January 8th, 2020 8:25 PM Author: Mustard Messiness Circlehead she's a terrible pitchwoman here. inexcusable for someone married to a WWE wrestler (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402157) |
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Date: January 8th, 2020 9:55 PM Author: burgundy passionate useless brakes meetinghouse (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402673) |
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Date: January 8th, 2020 8:55 AM Author: low-t contagious depressive pervert Can I order Zume on my Zune? (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39398031) |
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Date: January 8th, 2020 7:46 PM Author: racy charcoal headpube the founder is black female.
A Billion-Dollar Founder on Being Black, Female, and Pregnant in Silicon Valley - https://www.inc.com/kimberly-weisul/zume-cofounder-julia-collins-stigma-black-female-pregnant-silicon-valley.html
Julia Collins Turned Zume Pizza Into a $2 Billion Company. Now, She’s Trying To Save the World - https://afrotech.com/julia-collins-transformed-the-food-industry-now-shes-trying-to-save-the-world |
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Date: January 8th, 2020 8:37 PM Author: sapphire native internal respiration america fuck yeah (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402197) |
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Date: January 8th, 2020 8:50 PM Author: stirring electric furnace keepsake machete fuckin A (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402284) |
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Date: January 8th, 2020 9:55 PM Author: crawly fiercely-loyal dog poop it's not my money they're burning (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39402670) |
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Date: January 13th, 2020 9:17 PM Author: Histrionic Gay Wizard JFC (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39426231) |
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Date: January 14th, 2020 9:50 AM Author: Concupiscible twinkling uncleanness resort just imagine how much $ she would've raised if not for unconscious bias and systemic racism. (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39428502) |
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Date: January 14th, 2020 10:09 AM Author: Histrionic Gay Wizard (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39428601) |
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Date: January 14th, 2020 10:26 AM Author: irradiated sex offender indian lodge (http://www.autoadmit.com/thread.php?thread_id=4416960&forum_id=2#39428653) |
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