Sebastian Petersen: If you want to start an ecommerce company today, it’s very difficult to do it without a lot of funding and thinking big from the very beginning. Today, buying visitors and customers is four times the price it was 10 years ago. You have to think more creatively today. Sramana Mitra: I’d say
I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about Art and Culture. In this series, I will typically publish a piece of Art – a painting, a poem, a piece
Sramana Mitra: In 2009 when you went public, what was the market share situation vis a vis you versus FaceForward? Tarek Sherif: They had a larger market share when we went public. They were larger, certainly, in terms of revenue and market share, but we were growing much faster. Sramana Mitra: Were they public? Tarek
David has bootstrapped a global e-commerce venture from Hong Kong. Splendid execution! Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? David Menning: I grew up in Sydney. I’ve been educated in Australia. In my later years, I studied
Sramana Mitra: What country did you first go into outside Denmark? Sebastian Petersen: Norway and Sweden. Then we started going south into Germany and France. Sramana Mitra: Was there something different that Norway and Sweden wanted? Sebastian Petersen: Only simple things. Once we started moving out of Scandinavia to Germany and France and especially Eastern
According to a recent IBISWorld report, the US tax preparation industry has grown 2% annually over the last few years to $11 billion this year. The market is dominated by two key players – Intuit (NASDAQ: INTU) and H&R Block. But as self-prepared tax returns continue to grow at a faster pace than assisted tax
Sramana Mitra: What other strategic moves did you make between the $10 million round and the IPO where you grew revenues tremendously? Was there anything you did strategically? Tarek Sherif: Yes, I think there are a couple of things. Let me take you back one step. So, we had two mantras when we were building
Sramana Mitra: Can you tell me how many years are we talking in this mode? When did you move out of your mom’s house to your own apartment? Sebastian Petersen: We only did that for about six months. Sramana Mitra: How much were you doing, revenue-wise, when you moved to the apartment? Sebastian Petersen: I