SM: Please describe some of your team building experiences. Is your management team complete now? It seems like you’ve had a founder transition, and the company has already burnt a lot of capital. These are indications of problems with the team, normally. MS: Yes, we’ve had some problems, but they were not with Founder transition.
SM: How did you finance the different phases of the company? MS: The early stages of the company were funded by an Angel and subsequent capital has been raised through VC’s. The first 2 rounds (Angel and Series A) were raised by the Founder, a total of $8.2 Million. I raised 2 rounds. One within
We conclude our conversation with a brief discussion about Google, and any potential impact it may have on Adapt.tv, including competing for talent. SM: Which companies are out there that you find interesting, who have good approaches, besides yourselves? AA: We obviously think the approach should be viewer friendly, effective monetization. I think it is
SM: How big is the market? How do you calculate TAM? MS: In 2007 the groups and meetings market is forecasted to be $170 B. The travel portion, $92B. (Source: Phocus Wright) SM: What are your top target segments? MS: Small to Medium size companies (we also get business from Fortune 500 companies), Sports Teams,
According to Amir, the learning system is an important aspect which will lead to optimized ad campaigns for content providers. Is it? I’m still very skeptical … SM: I see, so what you are basically doing is trial and error while the learning system figures out effectiveness, and then you push ads out accordingly. AA:
SM: Where did you get the idea for Groople? Are you an avid traveler? Why group travel? MS: I did not come up with the idea of group travel. That distinction would go to our founder who is now off creating another start up combining culinary experiences and travel. What attracted me to this opportunity
We have talked a lot about Web 3.0 and Context. Today, we begin an interview series with Mike Stacy, CEO of an Online Travel company called Groople, which has zeroed in on the context of Group Travel. It’s a very interesting niche, and we will explore Mike’s story of building Groople. SM: Please describe your
Here I challenge Amir some more on the business strategy. Technology is wonderful, but are they solving the right business problem? Just because I am looking at a car chase in a movie segment doesn’t mean I am ready to jump and buy a BMW. There is little relevance. On the other hand, if I