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How This Recent College Grad Scored $1.5M from Mark Cuban


It’s each younger entrepreneur’s dream.  Call a billionaire.  Yeah, he’ll fund my concept.

Well, women and gents, that is precisely what Sameer Mehta of Jungle Cents was capable of do.  Check out the story under how Sameer and his Carnegie Mellon frat brothers made this occur (through electronic mail).  Not solely have been they capable of hit up Mark Cuban for $1.5M however they’ve additionally added members of Guy Kawasaki’s Garage Ventures to their board.  Not dangerous for a pair guys in an entrepreneur class.

Jungle Cents is a gaggle shopping for startup that works with manufacturers like Yahoo! and AskMen to ship out offers to their lists.  Check out as we dive into the enterprise mannequin and see if the market can actually help one other group shopping for website…

Questions:

1. As two college students from Carnegie Mellon, when did you are feeling like this website could possibly be huge?

2. Explain to us how Jungle Cents enterprise mannequin works?

3.  Tell us about your gross sales group that attain out to manufacturers.

4.  Aren’t you scared {that a} bigger firm may come alongside and do that higher in such a crowded market?

5. What is the differentiating issue of your enterprise on this group shopping for market?

6. How can your shopper afford to be gifting away merchandise for 50% off?

7. How did Mark Cuban take out his checkbook and make investments $1.5M into JungleCents?

8. What can a younger entrepreneur do to seek out an investor that has not solely deep pockets, however has such an affect on your enterprise?  How did you get in contact with Mark?

9. What different advisors did you go after?

10. How properly does a gaggle shopping for website convert when it’s in editorial content material.  Explain the intent of the reader and do they wish to purchase?

11. How giant is your group and what are you going to do with the seed capital?

12. Explain why you moved to Silicon Valley as an alternative of wherever Mark Cuban is predicated or again at college.

Interview performed by Matt Wilson Co-founder of Beneath30CEO.com.  Connect with Matt on Twitter @MattWilsontv





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