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saatva
Bootstrapping a $25 Million E-Commerce Company: Saatva Co-Founder Ricky Joshi (Part 3)
Sramana Mitra: Absolutely. Tell me more about the business itself. First and foremost, who were the people involved when you got this off the ground? You mentioned your co-founder. Where did he come from? How did you meet him? Where do you know him from? Ricky Joshi: There are basically three co-founders of the company—myself,
Bootstrapping a $25 Million E-Commerce Company: Saatva Co-Founder Ricky Joshi (Part 2)
Sramana Mitra: Talk to me about the dysfunctions of the industry? Why does that industry warrant starting a new company? Ricky Joshi: You basically had four manufacturers who controlled 81% of the market. Majority of them were public companies. The average margins of manufacturers is around 40%. On top of that, you have distribution companies that
Bootstrapping a $25 Million E-Commerce Company: Saatva Co-Founder Ricky Joshi (Part 1)
I have spoken with many VCs who are looking or e-commerce companies that can scale at venture pace, which is hard to achieve. On the other side of the spectrum, however, the bootstrapped e-commerce companies are going gangbusters! Saatva is one such and a terrific company. Sramana Mitra: Let’s start with your personal back story.
