Sramana Mitra: So far, what you’ve done is domain acquisitions. The three acquisitions you talked about are domain acquisitions. While they are high numbers for domains, relatively speaking, they are small numbers. You could also grow fast by acquiring a business, not just domains? Is that something that you would consider? Tom Fallenstein: Yes, that’s
Sramana Mitra: How did you find these angels? What was the logic of these angels being in this company? Praful Saklani: Among the people that we brought on as early angels, one was the former CEO of SAP America. He’s actually listed on our website as an advisor. He was involved from a very early stage in
Sramana Mitra: Besides fun.com, have you done anything else in the last 18 months that is worth discussing? Tom Fallenstein: We spend most of our time and money on our internal culture and infrastructure. We put in a million dollar automation system to help put out 35,000 orders in a single day. That’s where a
Entrepreneurs are invited to the 251st FREE online 1M/1M roundtable mentoring session on Thursday, March 5, 2015, at 8 a.m. PST/11 a.m. EST/9:30 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
Sramana Mitra: What are the significant developments in 2008 and 2009? How is the company growing now? Praful Saklani: This is where it gets interesting and fun. 2008 was a phenomenal year for us. We started to see traction with the use cases around understanding the risk inherent in your relationships and how you comply
In case you missed it, you can listen to the recording here:
Sramana Mitra: Wow! That’s 2010. What happens next? In 2011 to 2013, what are the next major moves? Tom Fallenstein: An acquisition that I’ve been looking to try to get for the last five years just happened about 18 months ago. We acquired the domain name fun.com. That’s ultimately the domain I wanted to expand
During today’s roundtable, we celebrated both our milestone 250th roundtable, as well as the launch of my book, Billion Dollar Unicorns, with Scott Sandell, General Partner, NEA. Among Silicon Valley’s venture firms, NEA holds a special place in my own entrepreneurial journey, being the first VC firm that I successfully raised funding from. Oddly, and