Tag Archive | "Million"

Chris Barnes: School Teacher Turned Game Creator Explains How He Launched A Million Dollar Escape Room Board Game Online Subscription Business

 [ Download MP3 | Transcript | iTunes | Soundcloud | Stitcher | Spotify | Raw RSS ] In late 2018 I received an application for a new InboxDone.com client. His name was Chris Barnes and he explained how he had a hugely successful online subscription business. As I listened intently to Chris during his discovery call […]

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The Million Dollar Milestone And The Cash Cow

The small picture below is from my Stripe account, the platform I use to collect payments in my business. The number represents total sales. In 2018 my coaching business crossed that magic one million dollars milestone. Back in the ‘old days’ (2007-2011), before Stripe I used a combination of Paypal and Clickbank to collect payments […]

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Wyze Announces $20 Million in VC Funding via YouTube Docudrama

Wyze has always been anything but boring. They have an affordable $ 20 security camera that makes Ring users wonder if they’ve wasted their money. One of their founders, Dave Crosby, has an adorable singing daughter Claire Crosby that has appeared on Ellen and has 1.5 million subscribers to her YouTube channel. Dave has also been a contestent on The Voice.

Now Wyze has announced $ 20 million in Series A funding in dramatic fashion via a YouTube docudrama. It makes sense. Wyze considers their customers their community and being honest is part of the Wyze DNA. Letting customers in on the struggles of a startup via a documentary style video is a great way to reinforce that trust with their community.

Wyze Announces $ 20 Million in VC Funding via YouTube Docudrama

The funding round is led by Norwest Venture Partners and comes on the heels of Wyze’s massive success in selling over 1.5 million units of its first products, Wyze Cam and Wyze Cam Pan, since launching in October 2017. This funding is in addition to the previous seed funding investment from iSeed Ventures.

“We’ve had a singular focus on making pragmatic hardware and software that actually improve people’s lives, and this new capital infusion will help us continue that mission,” said Yun Zhang, Co-Founder and CEO of Wyze. “Without our tremendous and wonderful community, we would never have been able to build a $ 100 million company in just one year. We’re looking forward to offering them more, and listening to the community’s feedback as we continue to expand into new areas of the home.”

“This is the story about a lemon aid stand,” says Wyze founders and employees. “A story about a guy who put everything on the line. A story about 800,000 people that decided to give a no-name startup in Seattle a shot. A story about a brand that’s about to be a household name. At least that’s the plan. This is a story about you. This is a story about $ 20 million.”

“Now thanks to you there are 800,000 people at our lemon aid stand,” Wyze says. “Because you gave us such great feedback on the forums and the different social media our product is just getting better and better. Over 80 percent of customers have shared Wyze Cam with a friend. That is amazing. Thank you. That kind of growth is hard to manage.”

“Wyze proved that a smart home camera doesn’t have to be expensive to be great, which has driven adoption across a much broader base of consumers than ever before,” said Parker Barrile, Partner at Norwest Venture Partners. “I’m excited to partner with Yun and his team to build the next generation of smart home devices and services that everyone can afford.”

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Google buys expert community and ‘answer engine’ Superpod for $60 million

The speculation is that Superpod founders and assets will be used to improve Google Assistant.



Please visit Search Engine Land for the full article.


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50 Million Google+ Accounts Compromised in Latest Data Breach, Platform to Shut Down Earlier Than Planned

The discovery of another privacy flaw has pushed Google to shut down Google+ much earlier than expected.

Google announced on December 10 that it had discovered a security issue that potentially left more than 50 million accounts vulnerable in November. The revelation came shortly on the heels of a previous admission that a security lapse in March also affected thousands of users. Because of this, the company says Google+ will be shut down by April 2019.

Google initially planned to sunset the platform by August 2019. The company made the announcement to close its Google+ network in October, after it admitted that an earlier breach affected 500,000 users.

The latest bug was said to have been inadvertently created by a software patch that Google developed last month. It reportedly gave third-party apps access to account users’ profile data and exposed even information that wasn’t made public. It took the company six days to notice it and find a solution.

In a blog post, Google’s Vice President of Product Management, David Thacker, shared that “No third party compromised our systems, and we have no evidence that the app developers that inadvertently had this access for six days were aware of it or misused it in any way.”

However, the bug made it possible for apps where users willingly shared their Google+ data to also access their friends’ profile or those of people who shared data with them. Google gave assurances though that it did not expose any passwords, financial data, or other sensitive details that could be used in identity theft.

The Alphabet-owned company had also suffered a security breach in March. That particular bug placed tens of thousands of users’ personal information at risk. The company waited half a year before it admitted to regulators and the public that there was a problem. The breach happened around the time Facebook was embroiled in the Cambridge Analytica controversy. Reports stated that Google delayed revealing the problem partly to avoid regulators from scrutinizing the company.

The admission that there was another security issue couldn’t have come at a worse time for the company. Google’s CEO, Sundar Pichai, was set to appear before the House Judiciary Committee on December 11 to be grilled about the company’s data practices.

Google+ will be shutting down all its APIs for developers within three months. However, the platform’s enterprise version will remain functional. Google also acknowledged on Monday that Google+ had a low number of users and that there were major obstacles to turning it into a successful product.

[Featured image via Google]

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Millennials Love Airbnb and There Are 400 Million Millennials in China

The Head of Policy at Airbnb, Chris Lehane, says that they are seeing the same underlying dynamics and trends of millennials driving Airbnb growth in China that they saw earlier globally. With 400 million millennials living in China, the growth potential for Airbnb is massive. He noted that millennials will be 75 percent of consumers going forward and home sharing is how they like to travel.

Chris Lehane, Head of Global Policy And Communications for Airbnb, talked about the huge growth of the company and their massive potential for even more growth driven by millennials in China and around the world in an interview on Bloomberg:

Airbnb’s Single Biggest Quarter Ever

As we released on Friday, we are significantly over a billion dollars in revenue in Q3, our single biggest quarter ever. We are blessed ultimately by this really significant and robust growth. Ultimately that’s tracking to the community model that exists on Airbnb. We only do well if our hosts do well, hosts do well if our guests do well, guests do well only if communities are benefitting. That flywheel does create a network effect globally. You can see that underneath these growth numbers, 91 percent growth in Bejing. Over 79 percent growth in places like Mexico City or even Birmingham, England.

Home Sharing is How Millennials Like to Travel

Ultimately what’s really underlying the foundation for all of that is that people are looking for this type of travel. More people are going to be able to do home sharing type of travel, people to people travel tomorrow than today. This is not new, Abraham Lincoln, Gandhi, they did home sharing, but in particular, this is what consumers are looking for, particularly millennial consumers who are going to be 75 percent plus of all consumers going forward. This is how they like to travel.

400 Million Millennials in China – A Huge Opportunity for Airbnb

Looking at our global numbers, what we are seeing in China really does reflect the same thing that we are seeing globally. We are blessed with this growth which is being driven by that network effect that exists locally. What we are seeing in China is really interesting. It has the same underlying dynamics and trends that we saw with the business earlier.

When Airbnb was first launched the majority of users were millennials. If you look at our China market right now about 85 percent of our consumers are millennials. It’s a similar trend, but keeping in mind that there are 400 million millennials in China. We are really the significant player in what’s called the outbound travel, people going from China abroad. What’s happening is they come back and then they begin to travel domestically and Airbnb begins to grow as a result of that.

China is a place you have to get up every day and work incredibly hard. We do have a president of the business who is from China based on the ground there. We have an incredible team made up of Chinese folks who are on the ground there in Bejing and other offices around the country. I feel good about where we are but I know that we need to keep working at it.

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David Hauser: Founder Of Virtual Telephone Company Grasshopper (Acquired By Citrix For $170 Million) Explains How He Builds SAAS Companies

[ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] I can remember listening to many podcasts over the years that featured a certain sponsor – Grasshopper, a company that provides virtual telephone services. David Hauser is the founder of, among many companies, Grasshopper, by far his most successful business. It reached $ 30 […]

The post David Hauser: Founder Of Virtual Telephone Company Grasshopper (Acquired By Citrix For $ 170 Million) Explains How He Builds SAAS Companies appeared first on Yaro.Blog.

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Dan Faggella: How To Take Yourself Out Of Your Business And Then Sell It For A Million Dollars

[ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Three years ago Dan Faggella appeared on the EJ Podcast and proceeded to blow our minds about what you can do with email segmentation. Dan explained how he rapidly grew a successful martial arts teaching business online by becoming a master at […]

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Amazon Sets Sales Record on Prime Day 2018, Reports 100 Million Products Sold

Amazon has concluded its record-setting online shopping event this year. Called Prime Day, the 36-hour shopping period that ran from July 16 to July 17 was said to have surpassed Cyber Monday, Black Friday, and last year’s event. In a recent press release highlighting its success, the company didn’t disclose sales growth or exact figures but reported that Prime members bought more than 100 million products during the sales event.

According to CEO of Worldwide Consumer Jeff Wilke, Prime Day was an opportunity to reward its members with the best deals and exclusive access to Amazon’s new products. In fact, two of the bestsellers during the worldwide event included Amazon’s Fire TV Stick with Alexa Voice Remote and Echo Dot.

Aside from Fire TV devices, other Amazon products that made a killing were Kindle e-readers and the kids’ versions of the Fire tablet and Echo Dot.

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The Power Of Consistent Coaching For Million Dollar Outcomes

Earlier this year I stopped over in Hawaii on the way from Japan to Canada. I was there to meet up with my Canadian family who were escaping winter. I was also there for one other very important reason — to record this video with Mitch Wilson. Press play to watch: Mitch is a special […]

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