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Group Commerce’s Rapid Growth and Success

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  • Description

    Jonty Kelt, Group Commerce CEO, on Facebook’s IPO and what’s driving his company’s growth.

  • Duration 2:59
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Sites from the -- has small -- day yesterday surmise I'm joined by -- For the likes of my daily deal any commerce companies but for established plants like CBS soared to New York Times or daily candy John do you think so much for joining us.

First of all -- on a day always -- -- the social stocks sliding to record lows Groupon and FaceBook continuing to fall after its debacle of an IPO.

As someone who works in this space.

Is a market over -- react Robert create a correcting here or is this healthy dose of skepticism warranted.

Well certainly both of those companies have had a rocky road to begin with.

In case of FaceBook -- -- I really like the 900 million uses and their ability to.

Monetize that over time I think Zuckerberg takes a very long term view there in the market -- take a short term view.

It's fair to say his honeymoon both of us and humans are of about.

And -- does this change your thoughts about potentially going public down the line.

Not -- I think it's to be expected in the markets to take short term view and at times you know that can be -- for company in the C it's it's public commitment to myself you know and IPOs is just -- attractive.

A way to raise money has as of groups such as you know the venture capital industry.

Any timetable.

No timetable was -- Look at your business using clients' growing revenue at 30% monthly since last August you'll hear a lot of growth rates like that these days.

What's driving the growth is it better targeting does people always -- talk about how much spam they get for deals they're never going to use better targeting by your clients.

Or is it being driven by the e-commerce platform -- seeing more of your businesses selling products and not just deals through.

Well you know I'm lucky I -- get a -- with a very Smart group of people -- -- hair and in the UK.

And we're trying to solve a problem for media companies which is how through make money from e-commerce and that some mission.

And so for us it's about leveraging their assets -- have great brands they have great content have audiences which are engaged with them.

And all we're trying to do is present as audiences and those brands -- opportunities to buy stuff online otherwise known as economists.

Now you -- raise more capital 21 million bucks you've got 40000009.

What's the mood right now among venture capital and are you guys gonna be re deploying necessary in your business are you hiring more by employees.

-- -- businesses current recruiters -- mentioned -- 125 stuff right now every -- close to 200 by the end -- this -- I would imagine.

And that's the result of a rising -- And for a business you know we're piggybacking on some times Francis -- CBS new times and -- and and for us you know it's it's it's a good story and -- capitalists have seen that even in context of Groupon having a hard time them -- the markets have invested.

And our business I think there's money out there for the right companies what types of our employees are you looking for of just very quickly -- -- Sales and marketing people pleasant -- -- people who sell stuff.

And the people who make stuff all right actually Tracy back -- you thank you very much as shut -- guys thank you very much similar actually hiring and expanding and growing.

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