Sramana Mitra: What scale did you get to with that business before you exited? Bhavin Turakhia: In the public domain, we exited that business at a valuation of $900 million to this consortium of investors in a public company in China. This happened in August of 2016. It was the third largest ad tech deal
In case you missed it, you can listen to the recording here:
During this week’s roundtable, we worked on two ventures. Perconvly First, Ricardo Martinez from Miami, Florida, pitched Perconvly, a firm that advises businesses on Facebook Advertising. Nuro Then, JR Smith from Prague, The Czech Republic, pitched Nuro, a secure messaging platform. We also went through another set of video tutorials: Do NOT Dilute Too Much
Sramana Mitra: In parallel, you started other businesses. At what point did you start the next line of business besides web presence? What was the thinking behind that? What were the circumstances? Bhavin Turakhia: In 2007, we started dabbling in the online advertising business using a brand called Scenzo. My brother started operating that business.
Today’s 350th FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, April 27, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Today’s 350th FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, April 27, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Sramana Mitra: How long did you go in this mode of in-person selling? What kind of revenue level did that get you to? Bhavin Turakhia: In that first set of businesses, which we call the web presence business, I actually did in-person selling for the better part of six years. Sramana Mitra: There’s no choice.
Sramana Mitra: What was the first business that you and your brother launched? Bhavin Turakhia: The first one that we launched together was in late 1998. Sramana Mitra: You said you and your brother did all your businesses together? Bhavin Turakhia: Yes. In many ways, that was the genesis. Before that, we were independently doing