4.6 • 683 Ratings
🗓️ 18 January 2018
⏱️ 23 minutes
🧾️ Download transcript
With over 20 years of executive-level experience, Rick has a unique vantage point on the business shift to ecommerce, asserting that business society is still very early in the transition to ecommerce, with less than 10% of retail and even less of B2B transactions currently conducted in online commerce.
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0:00.0 | This is the top entrepreneurs podcast where founders share how they started their companies and got |
0:06.9 | filthy rich or crash and burn. Each episode features revenue numbers, customer counts, and other |
0:16.1 | insider information that creates business news headlines. We went from a couple hundred thousand dollars to 2.7 million. |
0:23.6 | I had no money when I started the company. |
0:25.6 | It was $160 million, which is the size of any IPOs. |
0:29.6 | We're a bit strapped. |
0:30.6 | We have like 22,000 customers. |
0:33.6 | With over 5 million downloads in a very short amount of time, |
0:38.6 | major outlets like Inc are calling us the fastest growing business show on iTunes. |
0:43.6 | I'm your host, Nathan Latka, and here's today's episode. |
0:48.4 | Hello, everyone, my guest today is Rick Wilson, |
0:51.9 | and with over 20 years of executive level experience, he has unique |
0:55.0 | vantage point on the businesses and its shift to e-commerce, asserting that business society is still |
1:00.1 | very early in the transition to e-commerce with less than 10% of retail and even less of B2B |
1:06.2 | transactions currently conducted in online commerce. His company is called MIVA. He's going after |
1:10.6 | this problem. Rick, are you ready to take us to the top? Absolutely. Nice to is called Miva. He's going after this problem. |
1:11.3 | Rick, are you ready to take us to the top? Absolutely. Nice to meet you, Nathan. |
1:14.2 | Nice meeting you too. So tell us what Miva does and talk money to me. What's your business model? |
1:18.6 | How do you make money? Sure. So Miva's an e-commerce platform. We work in the B2B, B2C, and B2C, B2C and B2BBBBB2C hybrid space. So people who sell both in users as well as through dealers. |
1:29.5 | And we're fundamentally in e-commerce platform. |
1:31.8 | So the most well-known version of that out there is probably Shopify. |
1:35.9 | I wouldn't call us a direct Shopify competitor most of the time. |
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