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- The Accelerator Conundrum
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Jeff Leventhal
A Serial Entrepreneur Who Understands ‘Work’: WorkMarket CEO Jeff Leventhal (Part 7)
Sramana: So you built WorkMarket to help freelancers? Jeff Leventhal: WorkMarket is a solution that allows people to manage freelance at scale. If your company is spending money on a thousand freelancers a day because your company has committed millions to that strategy, WorkMarket is a solution that will allow you to find people and
A Serial Entrepreneur Who Understands ‘Work’: WorkMarket CEO Jeff Leventhal (Part 6)
Sramana: In 2005, you raised money for OnForce. What did you use that money for? Jeff Leventhal: I invested in the team. I believe value creation for a business depends on the idea, team, product, first date of sale, cash flow break even, and exit. Those are the most important moments for an entrepreneur in
A Serial Entrepreneur Who Understands ‘Work’: WorkMarket CEO Jeff Leventhal (Part 5)
Sramana: How did you handle the feedback once you realized the services groups were the ones who had a need for your product? Jeff Leventhal: We did a product iteration to configure the product more in line with client needs. That company became a $100 million dollar company within a few years. Sramana: Was that
A Serial Entrepreneur Who Understands ‘Work’: WorkMarket CEO Jeff Leventhal (Part 4)
Sramana: Did you build it beyond the $12 million that you hit in year two or did you sell the business? Jeff Leventhal: In 1998, we had the opportunity to sell the business to a public communications company and they are still running the business today. Sramana: How much did you sell that business for?
A Serial Entrepreneur Who Understands ‘Work’: WorkMarket CEO Jeff Leventhal (Part 3)
Sramana: Based on what you were charging customers, what was the cost of acquiring hours from providers? Did you have a fixed price or were costs variable? Jeff Leventhal: We tried to make most of our deals paid out at around $55 an hour. However, we billed our clients in 30 min increments and we paid
A Serial Entrepreneur Who Understands ‘Work’: WorkMarket CEO Jeff Leventhal (Part 2)
Sramana: What did you do after you sold LANSafe in 1995? Jeff Leventhal: As an entrepreneur, I have built my companies based on what I have learned in previous companies. This led me to launch a business called Remote Lojix. What I had discovered while running my previous software business is that companies were having
A Serial Entrepreneur Who Understands ‘Work’: WorkMarket CEO Jeff Leventhal (Part 1)
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Jeff Leventhal has built four businesses in the domain of ‘work’ and has created a blue-print of managing distributed workforces on behalf of companies. All four businesses have monetized well for this serial entrepreneur who really has the magic touch! Sramana: Jeff, let’s start with a
