Ray WaliaCo-Founder and CEO of Launch Academy and Launch.vc

Launch Talk with Boris Wertz: The Only 2 Ways to Build a $100 Million Business

Name: Launch Talk with Boris Wertz: The Only 2 Ways to Build a $100 Million Business
Uploaded: 2017-01-26T23:01:35+00:00
Duration: 31 s
Channel: Ray Walia
Description: This YouTube panel (Launch Talk with Boris Wertz) centers on entrepreneurship and building large e-commerce businesses. Speakers emphasize two central…

26 Jan 2017 · 1 min

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This YouTube panel (Launch Talk with Boris Wertz) centers on entrepreneurship and building large e-commerce businesses. Speakers emphasize two central growth levers: monetizing users (measured by lifetime value) and reducing churn; venture capitalists target best-in-class companies with the potential to reach ~$100 million. The talk mixes practical, actionable advice for entrepreneurs with investor perspectives.

What we do is we help entrepreneurs connect to awesome people in the community. That's why you're here.
I've been meaning to connect with him for a long time, so I'm glad I got to catch him today. I got the last reserved seat, so there's a cancellation and I got that. So it's really cool to see him speak. He's obviously got a lot of experience in the e commerce space, which is what we're specializing in.
Venture capitalists are very focused on investing in the best in class companies with large growth opportunities and $100 million.
He gave actionable advice as to how to reduce churn and how to increase a lifetime value and kind of information that's very practical to me as an entrepreneur. So that was good. That was a good use of my time.
At the core of building a really large company is the ability for you to monetize users and the metric for that is lifetime value of a user.
And I know Boris is a very busy guy, so for him to take the time out and to answer these questions and to really address them in a thoughtful manner is very generous.