categories
HOT TOPICS
- The Accelerator Conundrum
- The Startup Velocity Question
- Platform as a Service
- Man and Superman
- Web 3.0 = (4C + P + VS)
- The Future: End of Capitalism
- Capitalism 2.0
Buying Control Back from VCs: Jason Robbins, CEO of ePromos (Part 6)
Sramana Mitra: You had a $5 million round. You were pretty much profitable. What are some of the major inflection points? Jason Robbins: The $5 million basically almost disappeared. By the time money came in, the investors wanted a CEO that was known in the marketplace so they then can then raise the next round
Buying Control Back from VCs: Jason Robbins, CEO of ePromos (Part 5)
Sramana Mitra: On the website, you would provide the designs that your suppliers were able to build against. You would provide that catalog and fulfill through that supplier network. Jason Robbins: Exactly right. You would come to my website and you’d say I like that. You would upload your logo. I would send your logo
Innovating in Fintech: Jason Hogg, CEO of Lending.com (Part 7)
Sramana Mitra: What did American Express do with it? Did they keep the card? Since 2009 on to 2015, what happened in the business? Jason Hogg: American Express actually created Serve, which is their reloadable prepaid product. We were also, at that time, early in the mobile and smartphone game with money transfer and other transaction
Innovating in Fintech: Jason Hogg, CEO of Lending.com (Part 6)
Sramana Mitra: Chronologically, where are we? What year is this? Jason Hogg: We’re midway through 2007. I’ve done my raise in 2006. In 2007, we had gotten the customer base that I was just describing to you both on the credit card and the peer-to-peer side. We completed a $50 million B round at that
Buying Control Back from VCs: Jason Robbins, CEO of ePromos (Part 4)
Jason Robbins: Eventually, I took a little bit of what I knew from the promotional products business and a little bit of what I knew from catalogs and the website I wanted to build, and I started ePromos.com. That was a business that was designed to create a website with merchandise and start finding the
Buying Control Back from VCs: Jason Robbins, CEO of ePromos (Part 3)
Sramana Mitra: Why did you want to do that? That made no sense to me. Jason Robbins: I know. I just felt that it was tough out there. Real estate is the long-term play. Now, I’m basically chasing a stock I sold. If I stayed at Goldman Sachs and didn’t bother about getting my MBA and
Innovating in Fintech: Jason Hogg, CEO of Lending.com (Part 5)
Sramana Mitra: What does that mean? Are we talking about a regular credit card issued that’s your card? Jason Hogg: It was a Revolution card. We had our own brand and our own network. When you walk into a CVS and you see a MasterCard, Visa, and AmEx sticker in the window, you would also
Buying Control Back from VCs: Jason Robbins, CEO of ePromos (Part 2)
Jason Robbins: Frankly, I didn’t like my job. It was very clerical. I wanted to do more higher-end things that required me to think. More than one time, I was told, “You’re paid to do and not think.” I really wanted to improve my job and improve the organization. When they’re making $20 million a