Twenty thousand e-commerce sites are coming online every week I have long been a fan of e-commerce. Today, I see the industry in a gold rush. According to some analyst estimates, nearly 20,000 entrepreneurs now open online storefronts every week, and growth in e-commerce sales continues to outstrip that of sales in physical stores. Early
SM: That is an interesting parallel to how Zoho is operated. They have a very large operation in Chennai, India. They recruit high school grads and train them in their own operations. It is great because unless these kids get into one of the top colleges in India, they are not going to learn much.
By guest authors Irina Patterson and Candice Arnold Irina: Do you charge a fee for entrepreneurs to present? Corey: We do not. We charge no fee. In fact, not only do we not charge a fee for presentation, but we give free coaching services, for which most angel groups that have some kind of coaching
By guest authors Irina Patterson and Candice Arnold Irina: What do you do with the deals that you decide not to invest in? Corey: I’d say a slim majority of them don’t end up qualifying for our group’s interest. I’d say it’s accurate that less than half of the deals that my brother and I
By guest authors Irina Patterson and Candice Arnold Irina: Do you ever invest in deals that can go on generating dividends? Corey: Yes. As a matter of fact, we’re looking at a deal right now. We haven’t invested in them yet, but we’re at the stage of negotiating terms. We’re just entering that stage. And
Today’s roundtable was organized in collaboration with TiE Delhi, and had a special emphasis on the online education sector with three out of the five entrepreneurs presenting education businesses. Ankur Mehra and his associate Aditya started off by introducing Guruvantage. Ankur and Aditya have determined that training managers at various Indian companies need help with
In case you missed it, here is the recording:
Today’s roundtable is starting in 30 minutes, at 8 a.m. PST/11 a.m. EST/8:30 p.m. IST. Click here to join.