Tag Archive | "Multimillion"

Adnan Ebrahim: Founder Of CarThrottle.com Explains How He Took A Video Content Driven UK Car Blog To A Multi-Million Dollar Empire

 [ Download MP3 | Transcript | iTunes | Soundcloud | Stitcher | Spotify | Raw RSS ] Back in 2008, I interviewed Alborz Fallah about his million-dollar car blog, CarAdvice.com.au. A teenaged Adnan Ebrahim listened to the episode and felt inspired. He wanted to start a car blog of his own. Despite his young age, Adnan […]

The post Adnan Ebrahim: Founder Of CarThrottle.com Explains How He Took A Video Content Driven UK Car Blog To A Multi-Million Dollar Empire appeared first on Yaro.Blog.

Entrepreneurs-Journey.com by Yaro Starak

Posted in IM NewsComments Off

James Mel: Unknown Canadian Rises To Become Eben Pagan’s Business Partner While Also Building A Multi-Million Dollar Property Portfolio

[ Download MP3 | Transcript Coming Soon | iTunes | Soundcloud | Stitcher | Raw RSS ] Up until the last few years you probably would never have heard the name James Mel before. He was one of those guys working hard behind the scenes in a company that was led by a very well known marketer, in […]

The post James Mel: Unknown Canadian Rises To Become Eben Pagan’s Business Partner While Also Building A Multi-Million Dollar Property Portfolio appeared first on Yaro.Blog.

Entrepreneurs-Journey.com by Yaro Starak

Posted in IM NewsComments Off

Mike Rhodes: How This English Entrepreneur Ended Up In Australia And Launched A Multi-Million Dollar AdWords Agency

[ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Last podcast episode I brought back on to the show Will Swayne, who gave us an amazing recap of the 13 year history of his online marketing agency in Australia. In purely a coincidence, months earlier I had booked in Mike Rhodes, another Aussie […]

The post Mike Rhodes: How This English Entrepreneur Ended Up In Australia And Launched A Multi-Million Dollar AdWords Agency appeared first on Yaro.Blog.

Entrepreneurs-Journey.com by Yaro Starak

Posted in IM NewsComments Off

Alibaba CEO Jack Ma Makes Multi-Million Dollar Investment in ‘Rent the Runway’ Fashion Business

It seems that Chinese billionaire investor Jack Ma is planning to expand his business interests to include women’s fashion. Mr. Ma and his Alibaba co-founder Joseph Tsai, are now eyeing a stake in Rent the Runway, a New York-based designer clothing rental for women.

Jack Ma and Joe Tsai, through Blue Pool Capital, will inject $ 20 million in fresh capital into Rent the Runway based on details on a filing uncovered by research firm Lagniappe Labs. Blue Pool Capital is a multi-billion dollar fund tasked with investing the wealth of Ma, Tsai and other Alibaba executives.

With the additional capital, Rent the Runway is now valued at a little under $ 800 million. During the company’s previous fundraising activity, it was valued at $ 750 million after it was able to secure $ 60 million in Series E investment led by Fidelity back in 2016. The latest deal with Blue Pool will carry the same terms as the Series E deal.

Rent the Runway was established in 2019 by Harvard Business School students Jennifer Fleiss and Jennifer Hyman. It was previously a purely online-based service business that allowed women to rent designer dresses for special occasions rather than spending a substantial amount to buy them.

The business idea became a hit and, veering from its pure eCommerce model, Rent the Runway soon opened up retail locations in major US cities like Chicago, Los Angeles, New York City, San Francisco and Washington DC. Now, the company rents other high-end accessories such as handbags and jewelry.

Aside from rental earnings and such, Rent the Runway’s revenue is now boosted by sales in lingerie, cosmetics, shapewear, and tights. In addition, the company introduced a subscription model where clients can rent a rotating closet assuring a wider variety of clothing options even for everyday wear.

It is still unclear if Ma and Tsai plan to eventually acquire Rent the Runway. According to Jennifer Hyman, Rent the Runway co-founder and CEO, the deal is “good for us whether we IPO, or we sell the business, or we stay private.”

[Featured image via YouTube]

The post Alibaba CEO Jack Ma Makes Multi-Million Dollar Investment in 'Rent the Runway' Fashion Business appeared first on WebProNews.


WebProNews

Posted in IM NewsComments Off

Sol Orwell: Examine.com Founder Reveals How He Taps Into Content Marketing And Partnerships To Create Multi-Million Dollar Businesses

[ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Financially retired by 23 years old, Sol Orwell certainly had a rapid rise to success at a very young age. In this podcast interview, you’re going to hear about Sol’s early days running a multi-million dollar video…

The post Sol Orwell: Examine.com Founder Reveals How He Taps Into Content Marketing And Partnerships To Create Multi-Million Dollar Businesses appeared first on Entrepreneurs-Journey.com.

Entrepreneurs-Journey.com by Yaro Starak

Posted in IM NewsComments Off

How Dane Maxwell Created A Multimillion Dollar Passive Income Software Business By Age 32

Dane Maxwell is one of those entrepreneurs with boundless enthusiasm for life, but particularly for his entrepreneurial activities. He has built a multi-million dollar software company and never has to work a day again in his life, but is fueled by a blazing passion to help others do what he has…

The post How Dane Maxwell Created A Multimillion Dollar Passive Income Software Business By Age 32 appeared first on Entrepreneurs-Journey.com.

Entrepreneurs-Journey.com by Yaro Starak

Posted in IM NewsComments Off

How Dane Maxwell Created A Multimillion Dollar Passive Income Software Business By Age 32

Dane Maxwell is one of those entrepreneurs with boundless enthusiasm for life, but particularly for his entrepreneurial activities. He has built a multi-million dollar software company and never has to work a day again in his life, but is fueled by a blazing passion to help others do what he has…

The post How Dane Maxwell Created A Multimillion Dollar Passive Income Software Business By Age 32 appeared first on Entrepreneurs-Journey.com.

Entrepreneurs-Journey.com by Yaro Starak

Posted in IM NewsComments Off


Advert