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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
Bootstrapping to $7M with DIY Business Apps: Andrew Gazdecki, CEO of Bizness Apps (Part 5)
Sramana: What is the most successful iPhone app built with your tool sets to date? Andrew Gazdecki: There is an app called Tacolicious. They were one of our first customers and became a customer in January 2011. They have a fantastic restaurant in San Francisco. They built a beautiful app on our platform and their
Bootstrapping to $7M with DIY Business Apps: Andrew Gazdecki, CEO of Bizness Apps (Part 4)
Sramana: You mentioned that the angel investors you brought on added a lot of value to the company. Would you elaborate on that? You were in revenue right away, so some would argue that this is a business you could have built without their money allowing you to maintain complete control. Andrew Gazdecki: To some
Bootstrapping to $7M with DIY Business Apps: Andrew Gazdecki, CEO of Bizness Apps (Part 3)
Sramana: You have mentioned your SEO and ad word marketing campaigns. What were some of your other successful marketing techniques? Andrew Gazdecki: One of the biggest turnarounds came from our initial press. We were very fortunate that we got picked up by big publications such as TechCrunch. We were in The Wall Street Journal and
Bootstrapping to $7M with DIY Business Apps: Andrew Gazdecki, CEO of Bizness Apps (Part 2)
Sramana: How much were you charging? Andrew Gazdecki: When we first started, we had a setup fee of $500 dollars. We then charged $39 dollars a month to maintain and host the application. I quickly realized there was a larger opportunity at hand, and that opportunity was to let other people do what I was