Most Venture Capitalists that entrepreneurs work with these days have never been entrepreneurs themselves. They have not had to take substantial personal risks. They are used to cushy lifestyles, fat paychecks, and existing brands that their firms have built long before they came on board.
SM: What is your take on the Street’s understanding of how to analyze SaaS companies. Why are SaaS companies down so much? MG: It is coming around. I think SaaS gets put in the same bucket as tech. Right now there is a lack of visibility and understanding of how the future is going to
SM: What stage are you at now? Revenue? Profitability? Traffic? Customers? Users? Advertisers? Any other metrics you track? MM: We do not comment on our financials. We’re over 7 million uniques a month today and hope to be in the double digits soon. We’re over 2 million uniques in the U.S and over a million
SM: How did Paperdollheaven come about? MM: Some of the ideas were already there – the initial magic of paperdollheaven.com was all because of Liisa, our original founder and her vision of a fun, creative place for a forgotten demographic on the web: young girls. The new team then added the idea of personalized avators
I covered Stardoll in the Deal Radar series. Here’s the story from CEO Mattias Miksche. SM: Please describe your personal background : Family, upbringing, early career, etc. leading up to this venture. MM: I have a multicultural background. Austrian dad, German mom – they came to Sweden during/following World War II. I was born &
Groople is an online group travel site, which helps with searching, planning and booking group travel. (Read my Interview with Groople CEO Mike Stacy) Groople is different from Expedia and Kayak in that it serves only group travelers, no individuals, and is thus a great focus on a specific “Context“.
SM: What is your business model? What is the pricing model? MG: The pricing model in the enterprise space, for companies with more than 3,000 employees, is that we charge by the number of employees in the company. It is not a transactional pricing system. We use multi-year contracts; most of them are three years
SM: I wonder how Louis was able to fund the company in 1999. I talked to a lot of SaaS company CEOs and all of them were turned down by the VCs. Yesterday, I was having lunch with Philippe Courtot, who you may know, is the CEO of Qualys. They do security as SaaS, and