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Cross Border E-Commerce in Africa: Mall For Africa CEO Chris Folayan (Part 4)
Sramana Mitra: Besides selling some of your incubated projects and shutting down some others, you said the web development company’s journey was about 10 years. I take it around 2010, you moved on from it. Was the company sold or did it continue and you moved on? Chris Folayan: It continued till about a few
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Thursday, August 18 – 317th 1M/1M Mentoring Roundtable for Entrepreneurs
Entrepreneurs are invited to the 317th FREE online 1M/1M roundtable mentoring session on Thursday, August 18, 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
Getting to Velocity: TeePublic Founder Adam Schwartz (Part 6)
Adam Schwartz: Through this marketplace, we started doing three things. One is, we invested heavily in improving the platform and the technology behind the store and product creation. There were some pretty serious technical challenges in taking a high resolution image from designers and turning that instantly into a ton of different product images. It’s a
Catching Up On Readings: Microsoft Imagine Cup 2016
This feature from ZDNet covers the highlights of Microsoft’s annual student competition recently held in Seattle. The innovation track had a strong focus on digital health, exploring how cloud technologies and the Internet of Things could help improve individual health with better monitoring tools and new ways of solving old problems. For this week’s posts, click on
Cross Border E-Commerce in Africa: Mall For Africa CEO Chris Folayan (Part 3)
Sramana Mitra: What else did you do in that incubation mode? What other company or projects did you do? Chris Folayan: We were in the incubation mode throughout OCFX. We did Guru Country and we had an auto dealer’s website where dealers could create their own site for their dealerships. It’s more of a template
Getting to Velocity: TeePublic Founder Adam Schwartz (Part 5)
Sramana Mitra: If I got it right, you bought BustedTees at $4 million in 2011 and got it up to $8 million in 2013. Adam Schwartz: Yes. Sramana Mitra: You sold it at that point? Adam Schwartz: We were growing through this customer acquisition program. We had done a lot of work to get our
Cross Border E-Commerce in Africa: Mall For Africa CEO Chris Folayan (Part 2)
Sramana Mitra: You were based out in the Bay Area? Chris Folayan: I was based in San Jose. Sramana Mitra: What was the duration of the web design company? Chris Folayan: I was with it for 10 years. We worked for pretty much all the Top Fortune 500 companies in the Bay Area. We also
Getting to Velocity: TeePublic Founder Adam Schwartz (Part 4)
Sramana Mitra: What was the structure of how you would do this buyout? What proposal was on the table and how did you do the financial engineering of this buyout? Adam Schwartz: It was somewhat complicated actually. In all honesty, my partner Josh orchestrated it because he was already at IAC. Effectively, IAC owed Josh
