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HOT TOPICS
- 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
Building India’s First Billion Dollar Tech Company: InMobi Co-Founder Amit Gupta (Part 3)
Sramana: What was your run rate for the $500,000 that you raised? Amit Gupta: We were trying to build our own B2C property, so that also involved marketing money. We had to solicit that money without a defined run rate. We started with some basic promotions. We quickly realized that we had a very new
Building India’s First Billion Dollar Tech Company: InMobi Co-Founder Amit Gupta (Part 2)
Sramana: What is Naveen’s background? Amit Gupta: Naveen and I went to IIT together. While I started pursuing my career in software, he decided to join McKinsey in India. He then went off to do his MBA and after his MBA, he joined some startups. When he was looking to move back to India, he
Building India’s First Billion Dollar Tech Company: InMobi Co-Founder Amit Gupta (Part 1)
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. [Also check out my Entrepreneur Journeys book, Seed India – How To Navigate The Seed Capital Gap in India] InMobi is probably going to be the first billion dollar global technology company built out of India. Read their thrilling entrepreneurial journey. Sramana: Amit, let’s go back to the very beginning
From Berlin, Bringing Art Auctions Online: Auctionata CEO Alexander Zacke (Part 7)
Sramana: You also get a lot of auction traffic from India. What do Indian’s buy? Alexander Zacke: They buy pretty much everything except European furniture. They don’t really like it. They buy a lot of Indian art, miniatures, and contemporary Indian art. I see the same trend happen in Morocco, Argentina, Mexico, and Turkey, where
From Berlin, Bringing Art Auctions Online: Auctionata CEO Alexander Zacke (Part 6)
Sramana: There is a very compelling element to your story. You are going to have access to the larger ticket items that are the economic drivers of a traditional auction house. However, traditional auction houses do not have the ability to scale. Auctionata has the ability to scale much faster. Alexander Zacke: That is exactly
From Berlin, Bringing Art Auctions Online: Auctionata CEO Alexander Zacke (Part 5)
Sramana: What is your commission structure? Alexander Zacke: Our standard fees are 20% from the seller and 20% from the buyer. Our fees are negotiable, depending on the value of the consignment. The overall commission we receive will likely be less than 30%. Sramana: You said that you raised some money to build this company.
From Berlin, Bringing Art Auctions Online: Auctionata CEO Alexander Zacke (Part 4)
Sramana: How do you manage the courier service? Is it your own service or do you use a commercial service? Where are you having the paintings shipped to? Alexander Zacke: We pick up the merchandise as soon as we obtain an auction contract. We then catalogue the item and run it through our in-house services.
From Berlin, Bringing Art Auctions Online: Auctionata CEO Alexander Zacke (Part 3)
Sramana: Did you expand Auctionata to include other auction house functions once you had verified market interest through valuation services? Alexander Zacke: From there, everything progressed very quickly. We did 400,000 valuations in our first year. Sramana: How did people find out about the site? How did they know you existed and that you offered