In the fall of 2019, Honghao Deng and his co-founder Jiani Zeng joined 500 Global’s accelerator program, as part of Batch 26. Their company Butlr, an MIT Media Lab spin-out, had developed sensors that anonymously track through body heat how people move indoors, to help businesses manage the use of commercial space. Applications include monitoring foot traffic, maintaining clean bathrooms, or activating air conditioning when needed. Butlr was set on deploying its sensors in commercial building...
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In the fall of 2019, Honghao Deng and his co-founder Jiani Zeng joined 500 Global’s accelerator program, as part of Batch 26. Their company Butlr, an MIT Media Lab spin-out, had developed sensors that anonymously track through body heat how people move indoors, to help businesses manage the use of commercial space. Applications include monitoring foot traffic, maintaining clean bathrooms, or activating air conditioning when needed. Butlr was set on deploying its sensors in commercial building...
Blackcart Founder Donny Ouyang Facilitates “Try Before You Buy” for Online Merchants
Rise of the Next
15 minutes
3 years ago
Blackcart Founder Donny Ouyang Facilitates “Try Before You Buy” for Online Merchants
Although e-commerce accelerated during the pandemic, conversion rates still hover at nearly 3%, whereas in-store conversion is more than 20%, says Donny Ouyang, the founder and CEO of Toronto-based Blackcart. To help online merchants boost that KPI, Blackcart runs a risk score on buyers which makes them eligible–or not–for a “try before you buy” option. Donny joins us on this episode of Rise of the Next to tell us how he stumbled on that idea, and some of the trends he sees shapin...
Rise of the Next
In the fall of 2019, Honghao Deng and his co-founder Jiani Zeng joined 500 Global’s accelerator program, as part of Batch 26. Their company Butlr, an MIT Media Lab spin-out, had developed sensors that anonymously track through body heat how people move indoors, to help businesses manage the use of commercial space. Applications include monitoring foot traffic, maintaining clean bathrooms, or activating air conditioning when needed. Butlr was set on deploying its sensors in commercial building...
