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Founders Interview: Flash Pack

The Startup Magazine

As part of The Startup Magazine founders interviews, we sat down with Lee Thompson and Radha Vyas, the co-founders of Flash Pack , a lifestyle travel company specialising in adventure trips for solo travelers in their 30’s – 40’s. . Flash Pack turned over its first £ 1 million in 2016/17 and grew to £4 million revenue in 2017/18.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

The most obvious way to explain this is with sales people. If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. million in revenue three years later is, “So effing what?”

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TheLuxeNomad.com Pivots Business Model, Moves Away From Flash Sales

YoungUpstarts

If there’s a sure sign that shows how interest in online flash sales have waned, it’s how many daily deal sites have either deadpooled or pivoted away from that particular business model. “Initially, our main focus was on flash sales which worked well as a USP because these were deals you could not find elsewhere.

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Meet the 32 Israeli Centaurs that reached $100M in ARR

VC Cafe

“The Centaur is a business that reaches $100 million of annual recurring revenue (ARR)—a rare breed of cloud business, part of an elite subset of the growing unicorn herd.” The term ‘Centaur’, coined by venture capital firm Bessemer, indicates companies that achieved $100M in annual recurring revenue (ARR).

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Running a Successful Ecommerce Flash Sale

The Startup Magazine

Penney switched from coupon-based promotions and sales to “everyday low prices”. The decision-makers expected sales to rise, thinking customers would seek out those consistently low prices. Sales dropped 25 percent that year. In other words, a well-executed sale can work wonders for your bottom line. Source: Pixabay.

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9 Shipping Tips for Small Businesses

The Startup Magazine

This, on the other hand, can severely cut into your revenue. Sometimes the product that customers have ordered is not available for flash delivery. For the success of your small business, focus on crucial things like long-term growth or total sales target. Image Source. Transparency is the Key. The Bottom Line.

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The Difference Between Apple & Facebook ? AGILEVC

Agile VC

Both companies generate direct revenue from their platform in the form of a revenue share / platform tax (typically 30%) on software and digital goods sold through the respective platforms. Facebook’s direct platform revenue accounted for about 15% of the company’s overall sales whereas Apple’s was less than 1%.

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