Sramana Mitra: We’ve talked in the context of retail. Is there any other finding in other verticals? Jana Eggers: I mentioned healthcare before. A quick example that everyone understands is doctor and patient matching. When someone who just moved has a specific condition that he/she wants a right doctor for, we help them by giving suggestions on
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. This is a wonderful story of a serial bootstrapper who has built a wonderful e-commerce business similar to Groupon, but with no outside money. Sramana Mitra: Let’s got back to the very beginning of your journey. Where are you from? Where were you born, raised, and
Today’s 293rd FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, February 11, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join.
Today’s 293rd FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, February 11, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!
Sramana Mitra: How did eteatrade go? Nick Hedges: It went well. We ended up transacting about $2 million a month. The net margins were pretty small. Ultimately, we sold it into one of Nick’s businesses that ran his tea and coffee estates. I didn’t want to be a part of a bigger entity, so I
Sramana Mitra: At the end of 2015, where did you finish in terms of revenue level and in terms of other business metrics? Dara Greaney: Last year, we did $54 million. That was 15% growth. We’ve been profitable every year. We shipped a record 220,000 shipments last year. I think we sold about 22,000 different
Sramana Mitra: Can you do one more level of double-clicking? You were distinguishing between clustering algorithms versus one-on-one recommendation and treating each individual as an individual. Can you explain how that works technically? Jana Eggers: We take all of the product that you have. Let’s take retail. You may have groups of products and offerings. All of those
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. This story illustrates a couple of interesting strategic moves that have resulted in growth acceleration for Velocify. These kinds of strategic moves are critical to the evolution of a business. Sramana Mitra: Let’s go back to the very beginning of your story. Where are you from?