If you're of the modern luxury business set, chances are you're reading LeanLuxe. Launched in July 2016, LeanLuxe is an online newsletter of noteworthy developments and big picture happenings in retail.

On this episode, Editor-in-Chief, Paul Munford and Stephan Ango roundup the latest news and trends driving modern commerce. VCs poured a record $138 billion into U.S. startups last year, but were unicorn valuations and expectations realistic to begin with? Now that the dust has settled, Paul discusses the adjustments VCs are making (3:20). Stephan and Paul question if it’s getting harder to become a global brand despite greenfield opportunities in consumer products (9:07). They chew on the consumer-centric shift in commerce, arguing a more fragmented marketplace will emerge (24:14). He talks about the new problem with shopping (27:40) and the return of physical retail (37:55). They discuss brands’ challenges of creating a physical gathering place (39:01) and community-building as a distribution tool. Finally, Paul talks about the future of connecting online (45:52) and the big opportunity around niche platforms (51:44).

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Links and images can be found on the Lumi blog.

70 Building on Greenfields with Paul Munford, Editor-in-Chief of LeanLuxe