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After acquisition, SitStay to stay in Nebraska, modernize and expand
A pair of Nebraska investors have purchased Lincoln-based SitStay and plan to modernize and expand the dog supply website while keeping the company from leaving the state. Monte Froehlich, the Lincoln-based president of US Property, and Ron Osborne, the Omaha-based co-founder and president of SharePlow, last month purchased SitStay from Sumit Birla, the Florida-based co-founder…
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With $1m seed round, brothers’ agriculture tech startup takes root
The Gerlock brothers’ grandfather started JBG Farms in the ’50s. It’s now a multi-million dollar business on 3,000 acres with operational costs upward of $2 million per year. But, perhaps surprisingly to the farming outsider, the average salary of a farmer is $47,000. That means a lot of money is coming and going without staying…