Entrepreneur Series – How Milo found EbayTuesday, June 26, 2012
Milo is a leading local shopping engine that was acquired by eBay in December of 2010. The site searches local store inventory systems in real-time to help shoppers find which store has the product they are searching for in-stock right now and at the lowest price. The company indexes more than 50,000 stores across the United States including large retailers like Macy's, Best Buy, Target and 54 of the other top 100 retailers. The company's mission is to bring the world's offline inventory online.
Jack will discuss:
- How to get your company off the ground: Tips, tricks and other things learned from critical phases in Milo's development that ultimately contributed to its success.
- The acquisition process: How Jack decided to sell Milo to eBay and tips for how to decide to and negotiate being acquired by a larger company.
- The entrepreneurial path: Lessons learned and first hand advice from Jack’s personal experiences.
Register Online Date: Tuesday, June 26, 2012
Time: 6:00pm Networking; 7:00pm Talk
Location: Wilson Sonsini Goodrich & Rosati,
650 Page Mill Road, Palo Alto, CA 94304
Cost: WCNC members and accompanied guests: $20 per person. Members of
Affiliate Clubs: $20 per person. Non-member alumni and other guests: $40 per person. Registrations after 4:00pm on Friday, June 22 are an extra $10 per ticket. Cancellations after 4:00pm Friday, June 22 at the discretion of the WCNC. No charge for Wharton Club Gold Ticket Members (but remember as always to register via the above 'Register Online' link.)
Speaker: Jack Abraham, Founder & CEO, Milo.com & Director of Local at eBayJack is an entrepreneur and angel investor. In 2008 he left The Wharton School's undergraduate program where he created his own major in Technological Entrepreneurship as a Joseph Wharton Scholar and moved to Palo Alto to experiment with the goal of creating a breakthrough in commerce. He ultimately landed on Milo.com, a leading local product search engine that searches store inventory systems to find products in-stock now at the lowest price. In the fall of 2008 Jack raised an angel round for Milo in the midst of the worst financial crisis in modern history from top angels Keith Rabois, Kevin Hartz and Jawed Karim. The round closed at the end of the worst week the stock market has seen in 50 years. He recruited a team of top technical talent and built Milo.com to cover over 50,000 stores and attract over 1 million unique monthly visitors without any marketing in just a year. In the fall of 2009 the company attracted over $4M of angel and venture capital. In December of 2010, Milo, then a strongly technical team of 26 was acquired by eBay where Jack at age 24 was appointed as the company's Director of Local.
Jack also is an angel investor. He was the first investor in Invite Media (acq. by Google) and a seed investor in Pinterest, among other companies. He has been named
Business Week’s Top 25 Under 25,
Inc’s 30 Under 30,
Forbes' 30 Under 30 and
Fast Company’s Top 100 Most Creative People.
Hosted by: Philipp Stauffer - Wharton Club of Northern CaliforniaPhilipp is an internet, software and mobile Executive and Entrepreneur and an officer at the Wharton Club of Northern California.
