Tech Talks Daily

1603: Whitebox CEO on the eCommerce Boom and the Future of Product Fulfillment


Listen Later

E-commerce technology has never been hotter. Marcus Startzel can joins me on the podcast to discuss the future of the direct-to-consumer market, data-driven marketing for brands, and more. Marcus is a trusted and experienced executive leader with a track record of driving growth for several technology-centric organizations for more than 20 years.

As CEO of Whitebox, a Baltimore-based company dedicated to being an end-to-end e-commerce technology partner, Marcus helps brands and manufacturers maneuver the challenges and find success within the modern-day marketplace.

Under Marcus' leadership, Whitebox raised a Seed Round of $2.6 Million in 2017, a Series A investment of $7 Million in 2019, and a Series B funding round of $18 million in 2020.

Marcus is no stranger to driving growth for companies, having been a senior leader with several organizations leading up to and during their IPO or acquisition. Before joining Whitebox, Marcus served in various senior leadership roles within AppNexus, a cloud-based software platform that enabled and optimized programmatic online advertising, ultimately helping lead efforts in their 2018 $1.6B acquisition by AT&T. Marcus joined AppNexus through its acquisition of MediaGlu, a cross-device technology company where he served as chairman and CEO.

Through 2020 when the global pandemic had forced millions of people indoors, online shopping grew 44%, representing 21% of total retail sales - the highest growth ever recorded. This explosive industry growth has helped Whitebox see impressive growth of their own: revenue in 2020 grew more than 300% year-over-year; the company also reports that direct-to-consumer shipments grew more than 300% over the first half of 2020 and had 141% growth year-over-year from 2018 to 2019.

Additionally, as a partner in brands’ entire e-commerce journey - from factory floor to customers’ front door - Whitebox has invested in expanding its warehouse real estate; in 2020 the company moved its headquarters to a larger space in Baltimore, taking over a 365,000-square-foot space that previously served as an Under Armour distribution center. With this move and expansive growth in Las Vegas and Memphis, Whitebox now occupies nearly 900,000 sq. ft. of warehouse space.

As a technology and fulfillment partner within the e-commerce marketplace, Whitebox works with large established brands such as McCormick & Company, Ricola, and French’s, as well as challenger and established digital-native brands such as Super Coffee, Roar Organics, Made Good, and ChicoBag.

Whitebox’s growth has helped the company of 125 employees secure several industry awards, including being named “Best in Tech” 2020 by the Baltimore Business Journal and “Growth Company of the Year” by Technical.ly. Marcus was also recognized by E-Commerce Weekly as a 2020 Top 100 Influencer in E-Commerce.

...more
View all episodesView all episodes
Download on the App Store

Tech Talks DailyBy Neil C. Hughes

  • 5
  • 5
  • 5
  • 5
  • 5

5

197 ratings


More shows like Tech Talks Daily

View all
HBR IdeaCast by Harvard Business Review

HBR IdeaCast

1,830 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,033 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

519 Listeners

Software Engineering Daily by Software Engineering Daily

Software Engineering Daily

621 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

175 Listeners

The TWIML AI Podcast (formerly This Week in Machine Learning & Artificial Intelligence) by Sam Charrington

The TWIML AI Podcast (formerly This Week in Machine Learning & Artificial Intelligence)

441 Listeners

Fintech Insider Podcast by 11:FS by 11:FS

Fintech Insider Podcast by 11:FS

186 Listeners

Gartner ThinkCast by Gartner

Gartner ThinkCast

112 Listeners

Super Data Science: ML & AI Podcast with Jon Krohn by Jon Krohn

Super Data Science: ML & AI Podcast with Jon Krohn

298 Listeners

NVIDIA AI Podcast by NVIDIA

NVIDIA AI Podcast

331 Listeners

DataFramed by DataCamp

DataFramed

267 Listeners

Practical AI by Practical AI LLC

Practical AI

192 Listeners

Big Technology Podcast by Alex Kantrowitz

Big Technology Podcast

443 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

351 Listeners

The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis by Nathaniel Whittemore

The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis

479 Listeners