Best of Bootstrapping: Bootstrapped a Lean and Niche E-commerce Venture

This conversation with Modded Euros Co-founder Sean Dawes from 2019 is a comprehensive discussion on how to bootstrap a niche e-commerce venture with a lean team and effective use of inventory financing. You can listen to the podcast interview here and watch the interview here: Sramana Mitra: Let’s start at the very beginning of your

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Best of Bootstrapping: Bootstrapped a Niche E-commerce Venture

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  This conversation with Modded Euros Co-founder Sean Dawes from 2019 is a comprehensive discussion on how to bootstrap a niche e-commerce venture with a lean team and effective use of inventory financing. You can listen to the podcast interview here and watch the interview here: Sramana

Read Full Article »

Best of Bootstrapping: Bootstrapping Niche E-Commerce Company Modded Euros

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  This conversation with Modded Euros Co-founder Sean Dawes from 2019 is a comprehensive discussion on how to bootstrap a niche e-commerce venture with a lean team and effective use of inventory financing. You can listen to the podcast interview here and watch the interview here: Sramana

Read Full Article »

452nd 1Mby1M Entrepreneurship Podcast With Sean Dawes, Modded Euros

Sean Dawes, Co-founder at Modded Euros, discusses the state of the union in niche e-commerce startups in the shadow of Amazon’s dominance.

Bootstrapping a Niche E-Commerce Company: Modded Euros CEO Sean Dawes (Part 7)

Sramana Mitra: Where are you now? How far along? What’s the revenue level? Sean Dawes: We’re doing millions in revenue. It’s about focusing on capturing as much market share as possible. There are still a handful competitors that are larger than us. For us, it’s growing as fast as possible while focusing on profitability. My

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Bootstrapping a Niche E-Commerce Company: Modded Euros CEO Sean Dawes (Part 6)

Sramana Mitra: What about inventory financing? Did you finance it all out of revenue or did you do some sort of bank financing? Sean Dawes: We did a combination of self-financing and bank financing. Sramana Mitra: Could you give us a range of what level of bank financing you used to leverage the company?

Bootstrapping a Niche E-Commerce Company: Modded Euros CEO Sean Dawes (Part 5)

Sramana Mitra: What are the key inflection points? What strategic moves have you made that led to this? Sean Dawes: For us, it was being able to offer similar content generation that we were used to working with when we worked in-house. We launched our own content video series where we’d purchase vehicles and show

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Bootstrapping a Niche E-Commerce Company: Modded Euros CEO Sean Dawes (Part 4)

Sramana Mitra: The transition from dropship to inventory, how far did you get to dropshipping in terms of gross merchandise volume? Sean Dawes: We did over a million in annual sales before we had to inventory anything. Sramana Mitra: That’s terrific. What did you learn about the customer base? Were they auto shops or were

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