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Building a $50M Profitable Social Network Focused on Discovery: Greg Tseng, CEO of Tagged (Part 6)
Sramana: Where are you at in terms of revenue? Greg Tseng: We did $43 million in revenue last year. We are currently on a $50 million run rate. Sramana: What are the levers in the business at the moment? Greg Tseng: At the highest level, it is growth in the registered user base. Based on
Building a $50M Profitable Social Network Focused on Discovery: Greg Tseng, CEO of Tagged (Part 5)
Sramana: Do you facilitate discovery across regions, or do you make recommendations within the same region? Greg Tseng: We do both. Geography is one of many factors. It is possible to have a really great connection in other factors that do not include geography, and we do see a number of cross-regional connections happening. Sramana:
Building a $50M Profitable Social Network Focused on Discovery: Greg Tseng, CEO of Tagged (Part 4)
Sramana: Is your virtual currency applied to games? Greg Tseng: You can convert it to Pets cash or you can buy gifts. Within Meet Me, you can buy gifts so that more people can meet you. Today our virtual currency business line has become more profitable than our advertising business line. Sramana: I hate advertising
Building a $50M Profitable Social Network Focused on Discovery: Greg Tseng, CEO of Tagged (Part 3)
Sramana: What is your market segmentation? Greg Tseng: We are available all over the world for all ages 13 and over. Our average age now is in the 30s. Sramana: Let’s go back to 2007, when you made the pivot into social discovery. How many users did you have? Greg Tseng: We had around 50
Building a $50M Profitable Social Network Focused on Discovery: Greg Tseng, CEO of Tagged (Part 2)
Sramana: Tell me a bit more about Jumpstart Technologies. When did you start it, and what was the thought process behind starting it? Greg Tseng: We launched Jumpstart in 2001. One of the luckiest things that happened to me is that I met Reid Hoffman when he was at PayPal. He became our mentor and
Building a $50M Profitable Social Network Focused on Discovery: Greg Tseng, CEO of Tagged (Part 1)
Greg Tseng is the founder and CEO of Tagged, a social network site focused on helping people meet other people. Prior he co-founded Avivon Inc., which introduced the textbook comparison-shopping agent flyingchickens.com to the Harvard campus during the fall semester of 1999, and he served as COO of Limespot.com LLC. Greg holds an A.B. in
Bootstrapping to $7M with DIY Business Apps: Andrew Gazdecki, CEO of Bizness Apps (Part 7)
Sramana: You really got some high quality investors. It’s great to have folks that will help you build a company. You originally started the company with four people. How has the team evolved? Andrew Gazdecki: The team is here in San Francisco. We are growing rapidly and we just got done hiring 10 people in
Bootstrapping to $7M with DIY Business Apps: Andrew Gazdecki, CEO of Bizness Apps (Part 6)
Sramana: What do you expect in revenues this year, around $5 million? Andrew Gazdecki: I am hoping for more. I am personally shooting for $7 million, but anywhere between $5 million and $7 million is where we will land. Sramana: You have put in less than $100,000 into the company and you are close to