Musings of an Entrepreneur

                                                 

The cat is out of the bag. We had not planned on disclosing the investment, but given the sheer number of people aware of the transaction (all of our employees and the LPs of our VCs) it was bound to happen. Someone tipped off Techcrunch that Naspers had invested in OLX and my partner Alec Oxenford and I confirmed the deal.

We are excited about Naspers’ involvement which will allow us to grow even faster than before.

We can’t wait to see where we can take OLX and how fast we can get there!

You can read the Techcrunch article at:
http://techcrunch.com/2010/08/26/naspers-makes-strategic-investment-in-craigslist-competitor-olx/

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To see if we could significantly move the needle in terms of traffic and brand awareness, we just launched our first TV campaign for OLX in Russia. We hope the effort will prove to be a stepping stone for OLX in our bid for global free classifieds market domination :)

I hope the Russian speakers among you enjoy the TV ad. Let us know what you think!

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For the French speakers among you.

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While I was in Paris for LeWeb, I ran into Philippe Guerrier, a great French IT journalist whom I have known for 11 years. He took the opportunity to ask for a quick update on OLX and my angel investments.

French speakers can watch the interview at:
http://www.itespresso.fr/video-f-grinda-olx-nous-nous-concentrons-sur-les-pays-dans-lesquels-nous-pouvons-etre-leader-32958.html

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I loved this year’s LeWeb. I met many great entrepreneurs and was truly impressed by the organization and the quality of the participants.

Loic Lemeur, LeWeb’s founder, generously invited me to chat about OLX and entrepreneurship. We had a lot of fun!

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Over the past few years OLX has largely been under the radar in the press given our small presence in the US leading me to coin OLX the largest website no one’s ever heard of! This article is the first real public mention of the company in a reasonably mass market publication (we appeared a few times on TechCrunch in the past).

You can find it at:
http://www.businessweek.com/technology/content/dec2009/tc2009126_680884.htm

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BFM is the leading French economic and business radio channel. They were interested in hearing about my American adventure and the latest happenings at OLX.

French speakers can download the mp3 of the interview.

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http://www.techcrunch.com/2009/05/07/craigslist-competitor-olx-scores-5-million-for-online-classifieds/

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The last time I was interviewed by Greg at Venture Voice was on my last day at Zingy. I shared the wild ride I had been on at Aucland and Zingy and pontificated on entrepreneurship. You can find that interview at: http://www.fabricegrinda.com/?p=23

This new interview basically covers everything that happened since then, focusing on the creation and growth of OLX. You can download the mp3 of the interview or read a brief summary.

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