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June 4, 2012 06:07 am GMT
Last October, Kimball Thomas and Davis Smith launched Baby.com.br with $4.4 million in backing from an impressive group of Silicon Valley and international investors, including Tiger Global Management, Monashees Capital, SV Angel, Felicis Ventures, Chamath Palihapitiya and Thrive Capital. For SV Angel and Felicis Ventures, this marked the first time that either firm had invested in a startup based in Brazil. Why the interest from these top investors? Well, for starters, the co-founders had started PoolTables.com with $20K right out of college, were able to turn a profit in their first year, and, since they didn't raise any outside funding, were able to sell it in early 2011 for what Smith says was "a nice little profit." But, more importantly, it gave them experience with how to work with international investors (many of which were in China) and how to run an eCommerce site.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/C0ddwaGmBjU/
Tiger, SV Angel-Backed Baby.com.br Finds Legs In An Exploding Brazilian eCommerce Market
Last October, Kimball Thomas and Davis Smith launched Baby.com.br with $4.4 million in backing from an impressive group of Silicon Valley and international investors, including Tiger Global Management, Monashees Capital, SV Angel, Felicis Ventures, Chamath Palihapitiya and Thrive Capital. For SV Angel and Felicis Ventures, this marked the first time that either firm had invested in a startup based in Brazil. Why the interest from these top investors? Well, for starters, the co-founders had started PoolTables.com with $20K right out of college, were able to turn a profit in their first year, and, since they didn't raise any outside funding, were able to sell it in early 2011 for what Smith says was "a nice little profit." But, more importantly, it gave them experience with how to work with international investors (many of which were in China) and how to run an eCommerce site.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/C0ddwaGmBjU/
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