Viewing entries tagged with 'zillion'

On starting things

I'm surprised more people don't start things. Internet things. New ideas. New opportunities. New websites.

There are a lot of super-smart people in New Zealand. Super-smart designers, developers and business people working hard to maintain the status-quo.

We can do more.

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posted by Dylan on 14 April 2013, 9:02 pm in , , , , ,

Thoughts on Wheedle and Trade Me

I'm not sure if I should laugh or cry at today's launch of Wheedle, an online marketplace setup by Mainfreight co-founder and NBR Rich Lister Neil Graham to compete against Trade Me.

Having co-founded Zillion with Simon Barton in 2005, I'm in a unique position to explain first-hand why sites like Wheedle stand no chance of disrupting Trade Me's monopoly position in New Zealand.

Unfortunately for Neil Graham and team, Wheedle has two insurmountable problems. Network effects, and a below-average website.

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posted by Dylan on 1 October 2012, 10:38 am in , ,

Trade Me valuation and future threats

Recent news that Fairfax may float part of the Trade Me business they acquired in 2006 has led some Internet commentators to speculate the auction giant may now be worth much less than the NZ$750 million they paid in 2006.

Unlikely.

Online auctions may be yesterday's news, but in a "Web 2.0" Internet where many ventures remain cool but wildly unprofitable, Trade Me continues to truck on and generate upward of NZ$80 million per year in earnings for Fairfax - and growing.

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posted by Dylan Bland on 9 June 2011, 10:48 pm in , ,