Thought Leaders in E-Commerce: Bolt CEO Justin Grooms (Part 5)

Sramana Mitra: Can you talk me through the business model evolution of the business? This is probably before your time, but when the company was selling the checkout software, were they charging on a Software as a Service basis?

Thought Leaders in E-Commerce: Bolt CEO Justin Grooms (Part 4)

Sramana Mitra: So, Bolt started with a software product for online checkouts and sold it to small retailers. Small retailers came on board and used Bolt as their e-commerce checkout system. Then when consumers were buying through the Bolt checkout process, they were offered the opportunity to join the Bolt network. This is how Bolt

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Thought Leaders in E-Commerce: Bolt CEO Justin Grooms (Part 3)

Sramana Mitra: What was the technology that were you bringing to market with Bolt? What were you looking for commercialization? Justin Grooms: We had an initial all-in-one checkout product that we were selling to SMB merchants. Bolt had good success with that. Sramana Mitra: A point-of-sale checkout product?

Thought Leaders in E-Commerce: Bolt CEO Justin Grooms (Part 2)

Sramana Mitra: What did you do after you left Datron? Why did you leave Datron? To build something else? A startup? Justin Grooms: When I was in the defense space, I had a lot of exposure to some early research that was being done in spatial computing, and I thought that it was just such

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Thought Leaders in E-Commerce: Bolt CEO Justin Grooms (Part 1)

Bolt is doing something unique in e-commerce personalization. Read on for more. Sramana Mitra: All right, Justin, let’s start at the very beginning of your entrepreneurial journey. Where are you from? Where were you born? Raised? What kind of background?

Building a Fashion E-commerce Business and Surviving Covid: Go Dash Dot CEO Hannah Fastov (Part 7)

Sramana Mitra: Did revenue take a hit in 2020? Hannah Fastov: It did. That was when we were able to see the benefits of the direct to consumer business that we had built. It remained equal to the year prior. Sramana Mitra: You did $2 million in 2020? Hannah Fastov: Yes.

Building a Fashion E-commerce Business and Surviving Covid: Go Dash Dot CEO Hannah Fastov (Part 6)

Sramana Mitra: What level did you reach in 2019? Hannah Fastov: In 2019, we did $4 million. Then the pandemic hit. Sramana Mitra: How did that go? Hannah Fastov: That was an interesting time for us. We’re selling an on-the-go bag and everybody’s staying home. We just had our shipment come in at the beginning

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Building a Fashion E-commerce Business and Surviving Covid: Go Dash Dot CEO Hannah Fastov (Part 5)

Sramana Mitra: That brings us to end of 2017. What kind of revenues were you tracking at? Hannah Fastov: Close to a million. At this time, most of our revenue was coming in from our wholesale business but we were doing over $250,000 on our website. When we saw what was working in advertising, then

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