Abraham had other ideas. When he met with Glasgow, he thought Milo would partner with eBay, helping the company to power its offline inventory. At the time, Abraham and his team had been able to land major retailers for its inventory network, but they were still a small player. Abraham and the precocious Glasgow (he sold his first company to Microsoft while still in college) immediately discovered a kinship, and Abraham became tempted by all the things eBay could offer his startup. EBay had armies of designers and developers who could help Milo crack its technical challenges. EBay also had more than 30 million sellers and merchants in its marketplace, many of whom presumably had offline inventory that Milo could tap. He began to believe that becoming part of eBay was the fastest way to achieve most of his vision. “It just became apparent how much more could be done together versus separate,” says Abraham. … [Read more...] about How Jack Abraham Is Reinventing EBay [Update]
Shop owner rights
1. Type 1 – Capital redeployed only in core businesses historically: Firms such as Page Industries and Relaxo Footwears have reinvested on average, 50% and 90% respectively of their annual operating to expand manufacturing capacities in their core operations, enhance IT systems, etc. Moreover, every layer of geographical (within India) or product category expansion has been carried out organically in adjacencies which have a significant overlap with their existing core business. For instance, over two decades, Relaxo expanded pan-India into sports shoes and various sub-segments of casual footwear, from being just a north-India player manufacturing flip-flops. Page started off by offering just men’s innerwear in the 1990s and has subsequently expanded into leisurewear, sportswear and outerwear categories for men, women and kids. For such companies,we focus on building conviction on the runway of growth available to the firm’s core … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2
Think of Philo just as you would television. The only difference is that instead of reaching for your remote, you’ll be heading to Philo.com. What pops up on your laptop is exactly what you’d see on your flat screen, whether NBC or HBO, streaming live. There’s no need for a TV tuner or other hardware peripheral; you can even DVR content with the click of a button. The only catch? You need to be a college student (at a school offering Philo, of course) with access to campus Internet. The campus confines serve as a walled garden, where only those with the appropriate .edu login can watch. “Kids aren’t using TVs anymore,” Ho says. “They want to be able to watch this stuff online on the devices they’re actually using.” … [Read more...] about Tivli Rebrands As Philo. Is It Harvard’s Next Facebook?