Sraman Mitra: The point I’m trying to make is that there is a filter, and you’re making these bets with a lens in mind. Your end goal is to use these companies to get into larger companies that will acquire them. What I’m talking about is a scale of one million entrepreneurs reaching $1 million in
Pls come right in at https://stanzr.com/1mby1m …
Sramana: Can you give me a quantifiable example of the type of impact your solution has for your clients? Gene Hoffman: Let’s say you have 100 subscribers on any given month. Five of them will opt out which means you cannot bill them again and while we can try to help companies retain them if
SM: That’s exactly my point. You can, if you go into a niche that is an up and coming niche that is potentially underserved and you develop core competency – the real operating words are core competency. SD: Yes. Their story, their focus was very UI and design focused. Immediately before this, like I said,
Entrepreneurs are invited to pitch their businesses or attend the 103rd FREE online 1M/1M strategy roundtable on Thursday, October 27, 2011, starting at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. IST. You can find more details here and register here. Please join us, all are welcome!
Sramana: So your initial value proposition for Vindicia was to handle the charge back process for your clients? Gene Hoffman: Yes. Our intention was to recover revenue for our clients as well as provide them market data that was associated with charge backs. We quickly found two things. First, on the downside, we found that
Sramana Mitra: You can set up a 1,000-person operation in a certain region, especially if you run your own university. I don’t think that should be a problem. San Dhawan: Right. SM: There are two other topics I want to explore. One is, how do you go from a $200 million to a $1 billion company,
Sramana: How long did eMusic last and how far did it go? Gene Hoffman: The company went public, and I was the youngest NASDAQ CEO ever. We bought a whole bunch of our competition and bought out RollingStone.com. We ended up selling the business to Universal Music in 2001. I spent a year at Universal