Redeye VC

Josh Kopelman

Managing Director of First Round Capital.

espite being coastally challenged (currently living in Philadelphia), Josh has been an active entrepreneur and investor in the Internet industry since its commercialization. In 1992, while he was a student at the Wharton School of the University of Pennsylvania, Josh co-founded Infonautics Corporation – an Internet information company. In 1996, Infonautics went public on the NASDAQ stock exchange.

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Monthly Archives for 2010

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Achieving Profitability in 14 months

LogoCongratulations 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.





Comments

Hasan Luongo

thanks for sharing this exciting news, and congrats to the Bazaarvoice team. Its rare to get this kind of behind the scenes info about startups, and certainly a big motivator for other entrepreneurs.

Tim Norton

Thats a fantastic achievement, and 14 months is a great time to do this in. Getting profitable is definitely that milestone where everything changes, as soon as know you don't have a need for more funding to keep the business moving, you've made it to the next stage of building a sustainable business.

I hope plenty more web businesses start setting and start meeting these sorts of targets, lowers the risk profile for the whole industry.

Congrats and nice investing Josh.

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