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  • Stefan Durina 09:34 on November 3, 2014 Permalink |
    Tags: amazon, , , , websummit   

    Turbado | WebSummit @ Dublin 2014 | Why does Turbado succeed 

    As the founder of Twitch and Justin.tv, Justin Kan wrote in his blog:


    “local companies win markets over foreign companies because they are better able to understand and act on local marketplace dynamics.”

    This is one of the main differences between Turbado and companies like Pixmania, Alzashop and others. They think Europe is a single market, but if you go out of your city and country, you will quickly notice, that each of the 28 countries that the EU is composed of, is different.

    Turbado is a local company, in each country it feels as home, local people see it, feel it, experience it as a local company and these individual local companies make Turbado strong, makes us the next billion euros business.

    This is a nice list of potential investors that will attend this year’s WebSummit in Dublin:


    quickly going though them, will give you the confidence you can find an investor for whatever your company does, everyone wants to make money with you.

    To me, the interesting meetings could be with:

    Michaela Jacova from Neulogy – because it is an initiative from Slovakia and it is nice to see the differences how they see the opportunity we offer

    Delta Partners – if those are the guys from Dubai, which funded Virgin Mobile Central Europe and Eastern Europe VMCEE, which could be a great opportunity to offer Turbado services through a Mobile Virtual Network Operator (Lebara?)

    BDMI Fund of Bertelsmann that invested already in similar companies, like Returbo, Frank and Oak or alaTest and Turbado would be a nice addition to their portfolio

    Paul Thiekotter of RI-Digital (Raffay) which have a nice portfolio of european e-commerce projects in Germany and Turbado could be the one that is in each EU country and helps their other project go international

    Allan Majotra of Silicon Valley Bank – I feel the connection with Allan through the love of art, where he created a marketplace for art, picassomio.com and his new work @ SVB could help us to get inventory financing, to have enough products on stock, to offer through Turbado in 6 countries.

    Ali Esfahani of Morgan Stanley – I find him to have a great track of companies he was involved with while their IPO or other exits, I believe he knows best who could invest into Turbado, similar investors that  stand behind Alibaba or Amazon or FB

    Philip Wilkinson, the creator of first price comparison website in UK (shopgenie) and merged into French Kelkoo – I feel his story is very similar to mine, and it could be a nice chat to have, to see what other falls and successes he had

    Highland Capital Partners – Mr. Mullen and Mrs Goldenberg, which are probably not coming to Dublin, but I see their portfolio is exactly what Turbado is. Glasses Direct and Spartoo… Turbado with mobile phones and electronics would nicely add to their great investments.

    Inundata of Shane Naughton – not many info there available online, but TaxStream and his experience of US companies doing business in Europe, taxation and other issues… could be a great chat with him

    Ophelia and Grace of Index Ventures – Grace I feel is close to our interests, with having a great history with Apple, and Apple is in our main focus, and they declare to be interested in eCommerce companies. Well, here we are, would be great to chat 🙂

    Bob van Nordvick of Amazon Web Services – well, are you interested in an early talk of selling Turbado to Amazon when we reach our goals? 28 countries, 1 million orders, 300+ million euros turnover and a nice little profit to it

    Michael Copeland of Andreesseen Horowitz – his focus grabbed my attention: Your company is about to launch. No one quite understands why you’re the next billion-dollar business. WOW, exactly what I feel now

    Turbado WebSummit 2014

    Turbado WebSummit 2014



  • Stefan Durina 16:20 on March 29, 2014 Permalink |
    Tags: amazon, bandvulc, dell, kyocera, lego, miele, philips, pley, rolls, rolls royce, techforward, , , xerox   

    Companies and services similar to TURBADO 

    This is a list of companies or services similar to Turbado. Similar in philosophy, execution or in results. I try to provide a short description of those companies and services and in which part they are similar to Turbado.

    • Rolls Royce sell their engine’s thrust as ‘power by the hour’, which includes full in-use monitoring, servicing, repair, re-manufacture and replacement.
    • Xerox sell contract ‘print services’ rather than printers. Printers are designed to be remanufactured and reduce waste in operation (e.g. cartridge free).
    • Philips‘ “Pay Per Lux” solution, so that both the customers and Philips have a vested interest in reducing the energy consumption and prolonging the life of the gear that the customers use.”
    • Bandvulc sell ‘road grip’ (tire support system) rather than tires for heavy trucks.
    • Leasedrive offer long-term B2B leasing of fleet vehicles.
    • Dell and others rent equipment on long-term lease to companies and provide back-up support and service management and upgrades of the ICT / PCs.
    • Amazon trade-in allows users to trade in their books or video games for an amazon gift voucher. The product is then made available for resale.
    • TechForward Guaranteed BuyBack program for Consumer Electronics that lets you return your unwanted electronics any time during 2 years
    • Kyocera’s design concept mean only the toner, rather than the whole toner cartridge, needs to be replaced. As many as 500,000 pages can be printed without replacing anything except toner, significantly reducing waste and cost.
    • Miele design and engineer product for long service life and market it on “lifetime cost” with 10-20 years life.
    • Citrix pay for a bring your own computer to all staff in the company to use on the company’s network for work and home, saving resources and support time, and improving employee motivation.
    • Pley.com rents LEGO’s by the month


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