On today’s Business Beat, Jeff welcomes back Ryan Landau, founder of Purpose Jobs, to discuss another hot startup company right here in the Midwest: Vroom, an e-commerce company that allows consumers to buy and sell cars online. The New York City-based company is opening up an engineering office right here in Detroit.
Tune in to the Business Beat, below, to learn more about Vroom:
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Good morning, Paul!
Well, on Monday and Wednesday of this week, we heard from Ryan Landau of Purpose Jobs, and we’re going to hear from Ryan again today. Now, he has a newsletter of 40,000 followers in which he highlights startups and tech companies in the Midwest that are really companies to watch. You know, he’s a strong believer that the Midwest is now the place to be for startup and tech companies, and I agree.
This past Wednesday, Ryan featured a company called Clearcover as one to watch, and today, he’s featuring a company called Vroom. Ryan, let’s hear about Vroom.
Jeff, Vroom is a company that buys and sells cars online. They are building one of the fastest growing marketplaces where you’re able to purchase a new car or trade in your new car, and I think what’s special about them is they are making the buying experience seamless. Traditionally a pretty unsexy and old school business model, they are bringing it now to the digital age. And Vroom is a pretty special company. They are based in New York City, however, they are opening up a large office in Detroit, specifically an engineering office. What they are thinking about is, now that they recently went public and that happened earlier this year, they are thinking about right, how can we grow and scale our team? And what they decided is, hey, let’s focus on Detroit; this is a city that is coming back alive and has amazing talent, and so they are building their team here, which is pretty special. And I think from a Vroom perspective, they’re building a company that’s traditionally in an unsexy market. What Vroom does is they buy and sell cars and they’ve made it a specifically digital play where it’s a marketplace where you can kind of reinvent this like pretty unsexy industry and thinking about how you can do this in the future.
Ryan, we thank you for reporting on a couple of companies to watch. We’ll be doing this regularly with you, we look forward to it. You can sign up for Ryan’s newsletter by going to purpose.jobs.
Make it a great weekend, everybody.
I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.