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]
Shorter college north little rock
Philo, on the other hand, streamlines that experience by acting as a sort of single, centralized Slingbox on college campuses. The startup takes care of all the wonky back-end details; the students don’t need to worry about having a cable box or set-top box or a Slingbox to hook them up to. Their college will purchase or offer a subscription TV package, and then it can offer Philo as an amenity–a way for students to access TV without, well, a TV. And because Philo offloads the streaming burden onto its own servers, campus bandwidth isn’t strained as it is for, say, streaming Netflix. That’s a welcome relief for college administrations, not least because they are increasingly concerned with online piracy. Several Harvard students told me Game of Thrones, which is said to be the most pirated TV series on the Internet, is now one of the most popular shows to watch (legally) on Philo. … [Read more...] about Tivli Rebrands As Philo. Is It Harvard’s Next Facebook?
I recently facilitated a brave virtual conversation related to racism in America with local business leaders in my city. The group was mainly white. I asked the question, “How has the racial unrest in America impact you personally?” Dave, one of the participants looked in his square Zoom box, and said, “Will, you know, honestly, I have experienced this whole thing from afar. I mean, I see the racism. I know it is there, but I have no comprehension of how it feels. I don’t have to think it about. If I discuss it, it is because I am being intentional not to ignore it.” … [Read more...] about There’s no easy hack to allyship. Here’s what it really takes to support BIPOC
- Phase 1 (1999 to 2005) – Successful domestic M&A: After having spent five decades in establishing a monopoly in white glue (Fevicol), Pidilite started acquiring and building other adhesive and sealant brands to expand its product portfolio and to extend the firm’s channel presence and intermediary influence. The acquisitions included: a) Ranipal in 1999 for Rs 4 crores; b) M-Seal and Dr. Fixit in 2000 for Rs 32 crores; c) Steelgrip in 2002 for Rs 10 crores; and d) Roff in 2005 for an undisclosed amount. Capital deployed towards acquiring these firms was approx. 11% of the total operating cash flows generated by Pidilite over this period. Most of these acquisitions have become monopolies in their respective categories by now and have delivered RoOCEs substantially higher than the cost of capital for Pidilite. Thanks to this phase of expansion, Pidilite has one of the most diversified distribution networks, with its products … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2