How BigCommerce Got Big
All venture capitalists have got startup business plans piling on their desks every single day. But how many of them are the breakthrough ideas worth investing in? Australian BigCommerce has proven right to the Massachusetts based venture capital firm General Catalyst. “We quickly signed up our first 1000 customers within three months,” says Eddie Machaalani, the co-funder and co-CEO of BigCommerce, “and now we’re about to hit 20,000 customers after just 17 months.
Mitchell Harper, the other co-founder and co-CEO, explains “you can set up your own online store in a few clicks. We’re growing so quickly because we’ve made it really easy to sell online.”
If you’ve got a product and you need an easy way to sell it and advertise it, BigCommerce might be exactly what you’re looking for. All the marketing tools have been built in and the list of features is countless which targets all potential kinds of client s.
There are e-commerce newbie’s looking for tools to start with: web-based control panel, automated email marketing and almost one hundred store designs. There are e-commerce owners hoping to update and refresh their software with push to Facebook and eBay, SEO and Google Website Optimizer. And there are website designers looking for a ready platform to work with; they’ll look into painless software updates, unlimited design flexibility and premium hosting. To cut the long story short, BigCommerce has got everything for everybody.
The company overview does sound like a cliché online success story. Two IT geeks, a brilliant idea, a lot of hard work, right place, right time, huge demand and a spot on investor. (General Catalyst have also believed in BigFish, airbnb, iWalk and many others). This is how Eddie Machaalani speaks of the beginnings of their cooperation. “When we made the decision to raise capital and did our U.S tour to pitc h different VC firms, General Catalyst had already done a ton of due diligence on the market opportunity, our company and our competitors. They were very eager to invest in the company.”
BigCommerce have recently announced $2M integration fund to follow the market developments and create new better features. The software has now got built-in Pinterest and Quickbooks integration, referral system, a live chat, abandoned cart plugin and many other improvements. They tent to release new features every two weeks.
The software seems to be ahead of its competition (Shopify, Zencart, Magento) according to various online discussions, blogs and comparisons and is only getting better and smarter. E-shopping cart is gaining the whole new meaning. And what does it mean to you? Only one way to find out. (Here is a link for $100 coupon or 30 day free trial provided by BigCommerce for our readers).
For more unusual ways to make money, visit this site.
[Via - Madconomist.Com]
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