Achieving Profitability in 14 months
Congratulations to Brett and the entire Bazaarvoice team for reaching profitability this month! Because we invest at such an early stage, it’s always extremely rewarding to see one of our portfolio companies reach that milestone, and in only 14 months no less. I’ve always said that one of the most important characteristics I looks for in an entrepreneur is their ability to execute. Well, Brett, Sam and the entire team over at Bazaarvoice have been veritable execution machines over the past few months – setting goals, developing good execution plans, and achieving (more often surpassing) their desired results. Here are just a few examples of what they’ve been able to accomplish to date:
- More than 90 paying customers, representing such leaders of e-commerce as Dell, HP, Macy’s, Overstock.com, PETCO, QVC, Sears, and The Home Depot.
- Serve 80% of the Internet Retailer Top 100 who outsource ratings and reviews.
- Serving over 250 million reviews per month.
One of the favorite parts of my job is the ability to work with entrepreneurs such as those on Bazaarvoice’s team. I’m excited to watch their continued progress over the next 14 months.