Sramana Mitra: In the timeframe that you’re describing, there was activity in the competitive landscape. Of course Quora, with a huge amount of funding, came into the picture and has since become a very large site. How do you view Quora vis-à-vis Answers.com? David Karandish: First of all, we like to see investment into the
Sramana Mitra: You brought in $20 million worth of revenue through Answers.com. What strategic reengineering did you do to the property to get it to the next level? David Karandish: The previous team at Answers.com was doing very little optimization and split testing. For those who aren’t familiar with this, split testing is where you
Sramana Mitra: When you were going through this whiteboarding process of what your vision of what the company wants to be when it grows up, what was the financial situation of the company? David Karandish: We were profitable. We were generating revenue. We were small, but we were doing each of those and we realized
Sramana Mitra: A plan did not exist at that time? David Karandish: Answers.com was not a parallel path. We acquired Answers.com in 2011. Around 2008-2009, we did a white boarding strategy session. We brought some of the key management team members in and asked them, “If we were going to build the ultimate Internet company,
You would think question and answer sites are hard to monetize. Read how David Karandish built Answers.com to be a profitable $200M+ company … Note, the much-hyped Quora doesn’t monetize at all yet. Sramana Mitra: David, let’s start with your background. Where does your story begin? What is the back-story to the Answers.com story? David Karandish:
We’re seeing a real trend of zero-logistics e-commerce businesses scaling phenomenally well. Read Azim’s experience! Sramana Mitra: Let’s start with the beginning of your journey. Where are you from? Where were you born and raised? What kind of educational path did you follow? Azim Makanojiya:I am from India. My parents shifted from a village to Mumbai city for
Sramana Mitra: There are two trends that are holding e-commerce back in India. India is getting a lot of investments right now. There is one major company that has emerged called Flipkart that is doing very well. Amazon has announced that they’re going to invest $2 billion. There are two major issues in Indian e-commerce.
Sramana Mitra: What is the size of your customer base? How many African consumers are interacting with your mobile application to buy products from the US and UK? Chris Folayan: We have several hundred thousand customers on our platform. The amount of sales done on our mobile platform is about 52% right now. Sramana Mitra: