Evaluating Groupon Business Model & How does Groupon make Money – UE Analysis
Groupon Inc. is, well another dinosaur after eBay. It was once as famous as FaceBook and Amazon but everything went down the toilet. 🙂 This is an e-commerce marketplace running deals & discounts thereby connecting millions of subscribers with local (nearby) merchants by offering activities, travel, goods and services in more than 28 countries.
About Groupon, Funders, Founders and Facts
The company should be credited with one thing, reaching billion dollar sales value in fastest possible time (still holds today) of 16 months since inception. The company was formed as The Point, based on the book Tipping Point (Another Entrepreneur must read along with Outliers) to which the founder thought of the buying power of groups and rest became Groupon!
Groupon Founders: Andrew Mason (was fired post-IPO), Eric Lefkofsky, Brad Keywell.
Groupon Funding: $1 million by Andrew’s ex-boss. Today Groupon is a listed entity with $8 billion market capitalization.
Evaluating OLX Business Model & How does OLX make Money – UE Analysis
OLX (Used goods Marketplace – as it prefers to call itself) was incorporated OLX Inc. and was founded in 2006, operating in 45 countries, and is the largest online classified ads company in India, Brazil, Pakistan and Poland.
About OLX, Funders, Founders and Facts
OLX Founders: Fabrice Grinda and Alec Oxenford founded the company for the world outside of the United States catering to a segment owned by Craigslist in the USA.
OLX Funding: Prior to being acquired OLX was funded by Bigwigs in VC space like Nexus Venture Partners, The Founders Fund, DN Capital, General Catalyst Partners, and Bessemer Venture Partners. Total funding raised till date $30 million. South African media group Naspers (African Equivalent of Tiger Global), acquired a majority stake in OLX in 2010 & up to 95% of the company in 2014.
Evaluating Wikipedia Business Model & How does Wikipedia make Money – UE Analysis
Wikipedia, the God-Father of World Knowledge! They are the only internet company which does not require earned money/VC money to survive. It survives because the people that gain knowledge (well few of them) from Wikipedia actually care enough to donate few cups of coffee worth of cash to Wikimedia Foundation (the charity/not for profit that runs Wiki Properties of Wikipedia, Wikianswers, Wiktionary etc.). I love their story, seriously! Read more on their story here.
This post is really about the core principle as I outlined in DuoLingo Business Model – that education should essentially be free for all. If you do not intend to read philosophical thoughts, I suggest you click here. 🙂
About Wikipedia, Funders, Founders and Facts
Wikipedia was launched on January 15, 2001, There was only the English language version initially, but it quickly developed similar versions in other languages, which differ in content and in editing practices. With 5 million+ articles, the English Wikipedia is the largest of the more than 290 Wikipedia encyclopedias. Overall, Wikipedia consists of more than 40 million articles in more than 250 different languages and, as of 2014, it had 18 billion page views and nearly 500 million unique visitors each month.
Wikipedia Founders: Jimmy Wales and Larry Sanger. Sanger coined its name.
Wikipedia Funding: It was always a Non-Profit. It is funded by charities and fund -aisers done by Wikimedia Foundation who owns the Trade Mark of Wiki.
Evaluating DuoLingo Business Model & How does DuoLingo make Money – UE Analysis
DuoLingo is one of my favorite apps on the phone. I don’t have many apps, but I have DuoLingo (that says it enough)! It is based on one of the foremost principles that I stand by through, Free Education for All! No one should have to pay for any basic level education and DuoLingo Business Model just nails it right through the chest with this principle.
About DuoLingo, Funders, Founders and Facts
Duolingo is a free platform that includes a language-learning website and app, as well as a digital language proficiency assessment exam. Duolingo offers all its language courses free of charge. As of 2016, the website and app offer language courses across 23 languages. The app is available on iOS, Android and Windows 8 and 10 platforms with about 200 million registered users across the world.
DuoLingo Founders: Luis von Ahn (he is damn famous and irritating at the same time – read more below about him) and Severin Hacker (Luis’s student).
DuoLingo Funding: Close to about $80 Million in multiple tranches from Union Square Ventures, Ashton Kutcher’s firm, A-Grade Investments and Kleiner Caufield & Byers and the last Series D round of investment led by Google Capital.
How does eBay make Money & Understanding eBay Business Model – Unicorn Economy Analysis
eBay Business Model is the base of many known business model examples that we see today. It is one of the first marketplaces to be born on the face of planet earth and probably it will be one of the first (big ones) to be wiped off as well. How does eBay make money even though it has lost its sheen from its yesteryears when it used to command the major market share in revenue terms as well as mind share terms. Even Flipkart’s position is better these days since eBay’s India unit is being merged with Flipkart.
P.S. I know I haven’t been regular with posts 🙂 Now on you will get to read these every day at 9:00 PM ! Cheers and Stay Tuned !
About eBay, Funders, Founders and Facts
eBay Inc. is a MNC focussing on online consumer-to-consumer (c2C) and business-to-consumer (B2C) sales. It is headquartered in San Jose, California and became one of the surviving stories of the dot-com bubble. Today it is a multibillion-dollar business with operations in about 30 countries.
The company manages eBay.com (and other regional TLDs), an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. In addition to its auction-style sales, the website has since expanded to include “Buy It Now” shopping; online classified advertisements (via Kijiji or eBay Classifieds); online event ticket trading (via StubHub); and other services. It previously offered online money transfers (via PayPal), which was then spun off from the main business sometime in 2015.
eBay Founders: eBay was founded by Pierre Omidyar (does this sound familiar?? ) – The same person whose wealth is now being managed by Omidyar Network VC Fund. BTW when eBay listed eBay Business model made Pierre Omidyar and his first employee both turned immediate Billionaires ($4 Billion+ Wealth).
eBay Funding: The company received $6.7 million (Yes, Everyone else please bow your heads in shame for such a stupid eBay Business Model of making money 🙂 ) in funding from venture capital fund Benchmark Capital. From there it went on to be listed on NYSE (within first 3 years of operation).
How does TripAdvisor make Money from TripAdvisor Business Model
Well, Today Unicornomy is 1-Year-old 😀 ! Enjoy the Valentine’s Day with this particular post.
TripAdvisor Inc. is a US based travel company providing user-generated reviews of travel-related content.
Yeah! This is what everyone knows about already!
What most of you might not know is that it is a part of Expedia Group (The Largest OTA in the world), it is a Reverse Listed Entity (Earlier a Part of Listed Expedia Group and then Spun off from the parent and then offered on the market).
One more thing you guys should know about, TripAdisor is owned by IAC (InterActiveCorp) – Which is one of the pioneers in Internet-based Businesses (Tinder) and a Behemoth in content backed companies.
TripAdvisor Market Capitalization: $4 Billion as of 2017 Feb
TripAdvisor Founder: Stephen Kaufer, Langley Steinert started TripAdvisor in 2000.
ClassPass Business Model & Understanding How does ClassPass Work
About ClassPass, Founder, Funder and Facts
Happy New Year People! Well 2016 ended on an awesome note for Uniconomy. UE was voted as one of top 100 startup blogs in the world (at #50).
We were featured amongst the likes of TechCrunch and all… Thanks to FeedSpot Team for the honor. Well I haven’t been much regular here and I plan to be more regular – will move to a better hosting (VPS) and add a subscribe button for you guys + post more interesting stuff. Let’s move on to ClassPass Business Model.
ClassPass is a half unicorn fitness aggregator startup based in USA & offers a monthly subscription service to get access to programs of fitness classes in America, Canada, Australia and UK.
ClassPass Founders: ClassPass is founded by Payal Kadakia, Mary Biggins & Sanjeev Sanghavi, he left in January 2014.
ClassPass Funding: $84 Million in 5 rounds from 29 Investors which include – GV, General Catalyst Partners, Thrive Capital, Acequia Capital (Acecap), Fritz Lanman,Hank Vigil.
ClassPass Valuation: Last round valuation at $500 million.
How does Pinterest Make Money from Pinterest Business Model
About Pinterest, Founder, Funder and Facts
Pinterest is well, I have no clue, why it exists. All the more I don’t understand why do people need Pinterest – Boards – and other images storing solution when you can do it all with your smartphone. I have never used Pinterest as a social tool, neither will I ever.
I have put up a script that automates posting across networks including this one. People use pinterest for weird things – like pinning boots images, cat pictures and even pooping positions. It is a social network business model example which gives people options to pin various images from brands and other users to their boards (pinboard) and view it later (which they never do).
Let’s understand in detail the pinterest business model and see how does pinterest make money.
Dollar Shave Club Business Model & How does it make Money – Unicornomy
About Dollar Shave Club, Founders, Funders and Facts
Dollar Shave Club is one business model example which is what I personally call as a Scavenger Business Model i.e. some business that is typically founded and grown to infiltrate a larger competitors market share and ultimately be sold to some larger company that can actually make sense out it. Unilever recently did prove this theory correct by buying out Dollar Shave Club (DSC as it is popularly called as) at $1 Billion i.e. 6 times its discounted annual revenue forecast.
Zara Business Model & Understanding Zara Business Strategy – UE
About Zara, Founders and Facts
Zara is wrongly pronounced by every one. Well this is what seems to be a rage these days in the up-market society of Mumbai. That led me to wonder how Zara’s business model compares that of traditional retailers of fashion accessories and thus this post and I must say this is one of the finest business models I have seen recently for a completely offline company and yeah I was bored of writing about stupid internet business model examples.
Business model of Zara is impeccable in terms of design to outlet efficiency which leads to their immense cost savings and Zara’s business strategy in terms of positioning themselves as a premium brand is also helping them gain significant traction with the middle class mall buyers of the country. Let’s see business model of Zara in detail.