Sramana Mitra: You don’t sell directly. You sell through other domain name sellers like GoDaddy?
Colin Campbell: That is correct. We’ve gone to all the GoDaddy’s around the world. The largest company in China is Alibaba. They’re the ones with the largest distribution for domain names and websites. We sell through Alibaba in China as well. We find the largest distributors and work directly with them, and they promote the names through their clients. Since we’re .club, we did a launch party. We did it with 50 Cent. Are you familiar with 50 Cent and his In Da Club song?
Sramana Mitra: No, I’m not. >>>
Entrepreneurs are invited to the 311th FREE online 1M/1M roundtable mentoring session on Thursday, June 30, 2016, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
According to eMarketer, worldwide ad spending is expected to reach $674.24 billion by the end of 2020. Mobile ad spending in the US in 2017 is expected to grow to $77.37 billion or 38.4% of total ad spending. >>>
In case you missed it, you can listen to this roundtable here:
During this week’s roundtable, our guest was T.M. Ravi, Managing Director and Co-founder, The Hive, a venture studio. The discussion touched upon a couple of key issues: the prevalent incubator/accelerator model of 3-month classes, we agreed, is bogus; and the Future of Work: Utopia or Dystopia?
As for the pitches, first up, Prajit Arakkal from Dubai pitched CloudKnots, which is a concept arbitrage on Task Rabbit and UpWork. I shared my skepticism of why a new platform is necessary. How would it compete with the incumbents?
Sramana Mitra: It makes a big difference. At this point, were you still a solopreneur or were other people in the picture?
Kean Graham: There were other people in the picture. I hired my parents part-time. I outsourced certain operations to other people. We were looking into certain partnerships at that time. I was getting a little bit of help. It was in the early stages of that growth.
Sramana Mitra: How long did you continue with these two clients now?
Kean Graham: After two and a half years, that’s when things started to happen. Right before I was planning a trip to Easter Europe, we were able to sign a website called The Sims Resource, which is the largest website in the world released to The Sims video game. That was a really big client for us. There was a lot of opportunity to increase their revenue. By the time I was working on them, I was already in Russia. I was there for a month. >>>
LinkedIn’s recent sale to Microsoft is yet another case in point that freemium business models are a struggle to scale. LinkedIn offers excellent value to its users. Still, few are willing to pay for that value. Thus, the company faces a slowing growth curve, resulting in the decision to sell.
The truth is, on the Internet, everyone wants everything for free. Especially consumers.
And so, almost all media / content related business models are facing a wall.
Yaron came with a clear notion of how he wanted to recommend content and monetize those recommendations. It took, however, many years before the market caught up with his vision. It has now. The company is going gangbusters.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
Yaron Galai: I was raised in Israel. That’s where I grew up most of my childhood and spent my first 30 years. I served in the Israeli Navy for 7 years and then started startups.
Sramana Mitra: What year does that bring us up to? You said you worked in the Navy and then started working on startups, or was some of that interweaved while you were still at the Navy? >>>