Tweet

The J-Squared Facebook Someday Millionaires

Written by: Brad Feld

Article Overview: BusinessWeek has a fun article about my buddies Jesse and Joe from J-Squared Media titled Who wants to be a Facebook millionaire? Jesse and Joe were founders of one of the TechStars teams this summer – when they showed up their original idea was to create a sharing tools that would distribute links to your networks of friends (not in Facebook – on the web.) The Facebook Platform launched shortly after TechStars started and Jesse and Joe got all over it.

The J-Squared Facebook Someday Millionaires

BusinessWeek has a fun article about my buddies Jesse and Joe from J-Squared Media titled Who wants to be a Facebook millionaire? Jesse and Joe were founders of one of the TechStars teams this summer – when they showed up their original idea was to create a sharing tools that would distribute links to your networks of friends (not in Facebook – on the web.) The Facebook Platform launched shortly after TechStars started and Jesse and Joe got all over it - today they have two very popular apps on Facebook (Sticky Notes and GlitterBox) and are generating over $45,000 / month of revenue (wow – not bad for two dudes in a basement on $10,000 of investment.)

Jesse and Joe exemplify scrappy first time entrepreneurs. Other than the tiny initial TechStars investment, they bootstrapped everything. I fondly remember a meeting in early July when Sticky Notes started taking off and Jesse and Joe were dying – they were staying up all night every night trying to keep their rapidly expanding number of servers up. We tossed some smart people at them (including Tony – the ClickCaster stud) who quickly helped them figure out some magic server stuff to deal with scale. By late July, Jesse and Joe still looked tired, but they weren’t lying on the floor in agony.

The BusinessWeek article is a quick read through the kinds of things Jesse and Joe are dealing with as they figure out their next step. Early acquisition offers (from both private and public companies), rapidly growing revenue (reinvest this cash now while it’s coming in!), potential VC investment (how much should we take at what price and why?), and endless feature requests ("Hii! Awsome app!! Just one thing You have the PowerPuffs except for one, Bubbles!! Can she be added, plz?")

What a great example of early stage entrepreneurship.

Read this article in Brad's blog.

Related Articles
  Win More Sales By Losing Someday Beliefs
  Someday Isle
  Secrets of Internet Marketing Millionaires! ~WHAT 97% OF MARKETERS DON'T DO
  Do Millionaires Shop at Thrift Stores? The Answer May Surprise You
  Article # 18 Have You Studied What The Millionaires Are Doing?

Article Tags: acquisition, agony, apps, awsome, bubbles, buddies, businessweek, dudes, facebook, feature requests, founders, lying on the floor, magic server, millionaire, powerpuffs, sharing tools, staying up all night, sticky notes, time entrepreneurs, vc investment



Related Forum Posts
Re: Social media question - Facebook is where I get all my traffic. Facebook is great, because you can create fan pages and your customers come to you. Twitter is good, but I just don't see the same results. I think Facebook is the most popular and it's easier for people to find what they're looking for.
Re: Facebook Advertising? - Facebook has more than 700 million active users and half of them log in on a daily basis. Through Facebook advertising, you can be sure to reach any particular segment. Conventional advertising models are expensive and difficult to reach a narrow target. Facebook advertising is one option that can get you results and target specific user groups. You may be the local beauty parlor, restaurant or a Fortune 500 organization, but eBizUniverse will show how to build your brand equity through Facebook advertising. Consider these ideal scenarios: You own a restaurant and wish to target those who are recently engaged to be married for their catering business. All you need to do is to find the women with the relationship status of “engaged” on Facebook and you have your desired segment with Facebook Ads. (See Sample Ads Below) There is a birthday special that your restaurant is offering and the Facebook Ads would be displayed only to those whose birthdays are in the offing. An event is being organized and you wish to target local college graduates, who are single and 25-35 years old. They are on Facebook and you can reach them with Facebook Ads.
Re: Are you going to use Facebook Timeline? - Hi apu, I Recently used Facebook Timelines, actually it seems like a Facebook blog which makes profile page more attractive but i don't think it will help in internet marketing because it also slow the speed of Facebook Page. Share your Experience!
Re: Facebook or Twitter? - Thanks for the feedback guys! I personally started with Twitter and am now moving over to Facebook. I polled people on both my accounts and (not surprisingly) the Twitter people said Twitter and the Facebook people said Facebook! The actual order of my social media presence looks like this: 1) LinkedIn (with little success) 2) Twitter 3) YouTube 4) Facebook
Re: Facebook or Twitter? - Facebook no doubt has overtook Twitter as top social media and market place but I still get best and bunch traffic from Twitter rather than Facebook. For getting traffic on Facebook large network is a must while the use of hash tags in twitter makes te promotion much easily reachable to even those who are not in your network. Several times I have got replies from users not being followed/following. Main reason of Facebook being on top is connecting and integrating the network in better and spacious way by ads and other social moves.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

How to Develop Your Powers of Thought.

Steps For Starting A Small Business

10 Steps to a Great Support Team

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.