The blog’s latest Seed Capital from Angel Investors series is with Lewis Hower, executive director of a student-run social impact fund designed to bring about positive social change while delivering a return to investors. Click on the full article to read this and the rest of this week’s posts. >>>
Sramana: What does your team want to do with this company? Are you ultimately looking to sell it or build it into a larger company?
Peter Caparso: We honestly think we have something here. The market has responded favorably. In the short term we will remain focused on building the business. I will never say ‘never,’ but for now we are going to focus on growing revenue and adding sales people. >>>
Sramana: What type of impact do your sticky payment pages provide your customers? How big of a selling point is that feature?
Peter Caparso: The one-click payment really helps our customers to increase revenue. It has taken their conversion rates from 72% to 95%. >>>
This FREE online strategy roundtable for entrepreneurs will begin at: 11 a.m. EDT/8 a.m. PDT/8:30 p.m. IST on Thursday, October 21, 2010. Please join us and let other entrepreneurs know. You can find more details and register here.
Chak Onn Lau’s Foldees was chosen the best business of those presented at yesterday’s roundtable through a poll on our Facebook page. Congratulations! In case you missed it, you can read Sramana Mitra’s roundtable recap here or listen to the recording found here.
Sramana: Aside from gaming, what other verticals have you been able to penetrate?
Peter Caparso: We have worked very successfully with software and music downloading, retail, and we are just starting to get into the airline sector. We are negotiating right now with a large airline. We look for global sectors with good reach. >>>
At today’s roundtable we had some intensive discussions around market sizing and its impact on financing. You have heard, I am sure, that venture capitalists only invest in very large market opportunities – $500 million to a billion. But you have, perhaps, heard less specific discussions on what angel investors are looking for.
Well, some angel investors are looking for exactly the same thing as what VCs are looking for. Mike Maples calls it Thunder Lizard Hunting. In other words, these are angels looking for billion dollar opportunities as well.
>>>
In case you missed it, you can listen to the recording here.
Please let us know which business you like best by participating in the poll found here on our One Million By One Million Facebook page.