Sramana: Your goal is to become a billion-dollar company. It sounds like one of your primary strategies for reaching that goal is the introduction of new products. Omar Hussain: Absolutely. There are a lot of problem areas in healthcare right now. Things like secure printing, secure electronic information exchange, electronic prescription authentication, and patient identification
Students, as you are gearing up to apply for 2013 internships, here is an overview of what 1M/1M has in store in 2013. As you know, our mission is to help a million entrepreneurs build $1 million and beyond in annual revenue. This internship comes with a 1 year 1M/1M Premium Membership to those interns
Sramana Mitra: Could you give me a range of your setup and monthly fees? Andy Nibley: The setup fees go from $10,000 to $80,000, depending on how complex the implementation is and how many ad services, order management systems, and third-party data they have for us to hook up with. Monthly fees go from $10,000
Sramana Mitra: So you have a platform strategy and are encouraging companies to build on top of that? Khris Loux: Exactly. We don’t build any experiences on our own platform. We build the platform software community to build on top of it.
Sramana: Did you take a major hit in 2008 that drove this decision? Omar Hussain: We slowed down on growth. In 2008 we ended at $18 million, and in 2009 we only grew 10% to $20 million. The market had shifted slightly. We did not raise money because we already had capital. Once we decided
Sramana Mitra: Let me clarify one thing: Where does e-commerce come into this? Are we still talking about publishers? Are you talking about an e-commerce advertiser? Andy Nibley: E-commerce firms have realized they can also be publishers. Even though they are listing products on their pages, they can also sell ad impressions on these pages.
Sramana Mitra: Does that necessarily need to change? You do have a proxy and the kind of streaming economy you are talking about, which is working just fine on a CPC/CPN basis. One thing I have observed is that if too many things need to change for your vision to become a reality, then the
There has been tremendous sensationalizing of the women and entrepreneurship issue. Self-proclaimed (male) pundits pontificate on how women entrepreneurs face tremendous obstacles and huge prejudice. I disagree. A blog post that I wrote on the subject in October 2010 still garners readership and discussions. Meanwhile, our 1M/1M virtual incubator continues to work with women entrepreneurs actively, and