Comments on: Craigslist Competitor OLX Scores $5 Million For Online Classifieds

By: Kailin

Kailin — Fri, 18 Sep 2009 15:54:21 +0000

Also check out up-and-coming local classified ads web site:

http://www.IHav...lankForSale.com

By: Joao Menezes

Joao Menezes — Thu, 17 Sep 2009 12:34:08 +0000

I have two questions: You said OLX is top 3 (sometimes #1) in Portugal, Spain, Brazil, Russia, Mexico and five other smaller countries. and OLX is growing quickly in many other coutries. Where did you get this information?
I did my searched and I found:
18->Portugal :: 58->Brazil :: 70->Mexico :: Spain->189
Actually, I think all this position it’s pretty good for a business has less than 5 years however far away from top 5.
And the other question you said the OLX have 80 million unique visitors and Fabrice said 50+ million unique vistors. Why both have very different numbers? It’s commom sense to grow up from 50 million to 80 million you need a lot of hard working and good luck like Fabrice said.

By: shalu chakarvorty

shalu chakarvorty — Fri, 07 Aug 2009 06:36:01 +0000

your site is cool. i have read word by word. i am afraid i will visit it often.

By: Jose Arturo

Jose Arturo — Sun, 05 Jul 2009 07:01:12 +0000

Yeah Fabrice.

By: OLX receives 5 million dollar investment Loogic English

OLX receives 5 million dollar investment Loogic English — Mon, 08 Jun 2009 15:17:48 +0000

[...] noted by TechCrunch, OLX is quickly becoming recognized as a global competitor of Craigslist with the site already [...]

By: Fabrice

Fabrice — Wed, 27 May 2009 20:53:43 +0000

The issue with launching a classifieds site is not the technology. It’s getting liquidity – you need people listing and people replying to the listings.

We raised money mostly to find ways to generate that liquidity through a combination of partnerships, acquisitions and marketing.

Fabrice

By: New entrepreneurs and the recession | Generation-Y startup

New entrepreneurs and the recession | Generation-Y startup — Tue, 19 May 2009 20:10:59 +0000

[...] however the focus of VCs and angels these past few months had been on companies like twitter, olx e.t.c. companies already in existence and well established. They are quite confident that these [...]

By: Eyes of an Angel

Eyes of an Angel — Sat, 16 May 2009 07:39:35 +0000

More argentineans!!!!! And thks!! I just found a website I was looking for among your posts: http://www.clasilistados.org

I’m loving this site: refreshing!

By: Social Networking Watch

Social Networking Watch — Fri, 15 May 2009 17:21:05 +0000

OLX Scores $5 Million For Online Classifieds…

TECH CRUNCH — May 7 — OLX, the Craigslist for the rest of the world, has raised $5m in funding from from Nexus Capital India. The company raised $13.5m in Series B funding in April 2008 from General Catalyst Partners,……

By: Russel

Russel — Wed, 13 May 2009 21:17:35 +0000

http://www.adcrow.com

It appears to be one of the first true CL competitor that came out a few years ago. A few million users, they have kept their market to specific Tier A US cities and offer upgradable ($) services to otherwise free ads. Can’t find much info on them though – thus they appear to be a quiet (and seemingly) grassroots effort.

Word is that they are getting ready to deliver a whole suite of business type services and are now working on a ‘next-gen’ application that they are claiming will revolutionize the online classifieds industry. Sounds interesting, but exactly how do you revolutionize classifieds?

PS: What ‘website’ needs $28M in funding? OLX doesn’t seem to offer anything different than CL.

By: Hugh J. Donagher III

Hugh J. Donagher III — Wed, 13 May 2009 15:20:10 +0000

It’s Attorneys General, not Attorney Generals.

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By: Steve

Steve — Tue, 12 May 2009 21:01:55 +0000

Take a look at http://www.SuperShopper.org.

Great site without the sleeze!

By: The world is not enough

The world is not enough — Mon, 11 May 2009 20:24:27 +0000

[...] I was writing recently about OLX and am happy to congratulate Fabrice on his new funding round. [...]

By: Classifieds Website OLX Raises $5 Million

Classifieds Website OLX Raises $5 Million — Mon, 11 May 2009 16:34:34 +0000

[...] that is a privately held company that was started in March 2006. Earlier this month the company raised $5 million in funding from Nexus Capital [...]

By: Ravi Venkatraman

Ravi Venkatraman — Mon, 11 May 2009 11:58:28 +0000

OLX’s strength is in their White label partnership.
In India, OLX has partnered with HT Media (one of the largest print media) to launch generic classifieds site AskHT.com

By: Vijf miljoen dollar groeigeld voor handelssite OLX « De Koopman

Vijf miljoen dollar groeigeld voor handelssite OLX « De Koopman — Mon, 11 May 2009 11:00:27 +0000

[...] meldt nu dat er een nieuwe eigenaar is toegetreden. De eerder financiers lapten niet bij: “OLX, the [...]

By: Links de la semana 15 | El Blog de Gaston Bercun

Links de la semana 15 | El Blog de Gaston Bercun — Sat, 09 May 2009 23:24:23 +0000

[...] Craigslist Competitor OLX Scores $5 Million For Online Classifieds, felicitaciones a Alec y Fabrice por la ronda y por los conceptos de la nota en Techcrunch. [...]

By: Fabrice

Fabrice — Sat, 09 May 2009 15:20:47 +0000

John:

I apologize if I have ever done something to offend you.

I assume you are an entrepreneur I gave feedback to? When I give feedback to entrepreneurs I am very direct, but I would like to believe that does not make me arrogant. I also mentioned, I don’t like to rate ideas (http://www.fabr...inda.com/?p=720). On the Internet you never really know what’s going to work so it’s often best to throw it on the wall and see if it sticks and iterate, iterate, iterate.

My portfolio companies are still on my blog – you can see them at http://www.fabricegrinda.com/ (they are only on the home page though). Granted some are doing better than others and one was just dissolved. I expect at least 50% to close, but that’s kind of the name of the game in seed investing. Many of them were seeded with the idea of getting the product out, getting some traction and then raising a Series A round. Given the market conditions, that’s unforunately unlikely to happen for many of them.

With regards to Zingy, the company was doing great until I sold it to ForSide and it was still doing well when I left. Sales went from $1 million in 2002 to $5 million in 2003 to $50 million in 2004 to $200 million in 2005. I sold it in May 2004 and left in November 2005. You can ask any of the insiders and they will tell you our new owners ruined the company.

As for OLX, of course it can fail. Any company can fail for a variety of reasons, but from within the company “things just feel right” currently. Alec answered your other points…

Have a great week-end!

Fabrice

By: Greg Collier

Greg Collier — Sat, 09 May 2009 13:37:26 +0000

There is plenty of room for mutiple players within the classified space. kijiji, oodle, vast, olx, geebo, ilist and craigslist clearly demonstrate this. What will be interesting to see is who is left standing two years from now. My best guess is two, perhaps three of the above will no longer be with us.

You gotta have some skin in the game!

By: Alec Oxenford

Alec Oxenford — Sat, 09 May 2009 12:47:19 +0000

wow, John, you certainly don´t like Fabrice! you should meet Fabrice. I am positive you would change your opinion.

I have known Fabrice for 10 years now and I can tell you, there are very few entrepreneurs around with Fabrice´s vision, brains and energy.

with regards to OLX, so far it is clearly a story of growth in many countries. OLX is top 3 (sometimes #1) in Portugal, Spain, Brazil, Russia, Mexico and five other smaller countries. and OLX is growing quickly in many other coutries.

by the way, it is also absolutely not true that original investors did not repeat their investments. actually ALL 3 original financial investors repeated their investments in OLX’s second round. you should talk to them as well and ask them about their opinion of OLX. I think you would be very surprised.

best,

Alec Oxenford
Co-CEO, OLX, inc

By: John

John — Sat, 09 May 2009 09:02:58 +0000

This will clearly be Fabrice’s fall, much like the rest of his portfolio post Zingy. Allmydata.com, etc are all train wrecks. Notice he has removed his portfolio of investments on his blog because they are all disasters, which he hopes goes unnoticed. What he lacks for in charm, he makes up for in unmitigated arrogance. OLX.com has no traction and no real growth, which is why no original investors have repeated their investments. A matter of time before it fails. At least he admits it might yet fail – and that he admits this – is a clear sign someone as egotistical as him expects it to.

By: Classifieds Site OLX Raises $5 Million From Nexus India Capital | MediaNama

Classifieds Site OLX Raises $5 Million From Nexus India Capital | MediaNama — Sat, 09 May 2009 08:45:09 +0000

[...] site OLX has raised $5 million from Indian venture capital fund Nexus India Capital, reports TechCrunch; the company has classifieds sites for 85 countries. OLX does have an India site which allows [...]

By: Fed up with Craig

Fed up with Craig — Sat, 09 May 2009 07:39:53 +0000

i wish that was my site man.. cool for profilin! good work

By: b3ta

b3ta — Sat, 09 May 2009 07:19:01 +0000

I meant don’t knock anyone else’s – jeez – time for a new keyboard…..