"Like any startup Yastic had risks and potential. The possibilitieswere quickly realised with a fast growing user base, but as astudent-run company, we grew faster than we could have everanticipated. The risks with scaling were too important to be…"
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Latest Activity
Richard Craib commented on Richard Craib's blog post Yastic announces R1 million investment from Michael Leeman
Stefano di Trapani commented on Richard Craib's blog post Yastic announces R1 million investment from Michael Leeman"This is an example of how to fail as a start-up!
Yastic launched a simple website that forced users to pay to bid on an item, where the person to have the last bid would win the item. I can only assume what happened here was that Richard (based in…"
JP van der Spuy left a comment for Richard Craib"Hey dude, sorry I've only seen your message now. Thats awesome bud, first hurdle covered, now the real work/challenge starts! hows things with Yastic? I'll give it a test run this week. Keep innovating bud, sure you'll make Michael a…"
Richard Craib left a comment for JP van der Spuy"JP, checkz out my latest blog post! Thanks for your tips back while I was still working from school ;)"
Richard Craib posted a blog postYastic announces R1 million investment from Michael Leeman
A brand-new iPod touch at R35.85? How about a new digital camera at R40.35? It may sound farfetched but these are the actual prices paid by users of a new internet start-up. And this is no crazy give-away or competition; it’s the outcome of a business model that’s changing the way people shop online.It’s called Yastic, the rapidly growing online auction start-up where you pay to bid on the top gadgets at ridiculously low prices. Launched in February by two entrepreneurs, within a month Yastic…See More
Richard Craib left a comment for JP van der Spuy"Unfortunately, I'm still in New York but you should meet up with Garreth Bloor (new SA Manager) - he'll be there. Maybe make contact with him on 082 722 2685 (don't yet have your info to forward to him, sorry)."
Profile Information
- Who are you?
- I grew up in South Africa. I am currently a mathematics major at Cornell University. In the past, I've studied at the University of Cape Town, Harvard and U.C. Berkeley. I love entrepreneurship. I've previously founded and managed a number of internet companies. My latest is the greatest.
- Where can you be found on the web, Twitter, LinkedIn, etc?
- www.richardcraib.com
- What is your current activity, project or occupation?
- CEO of Yastic - http://yastic.co.za
Richard Craib's Blog
Yastic announces R1 million investment from Michael Leeman
A brand-new iPod touch at R35.85? How about a new digital camera at R40.35? It may sound farfetched but these are the actual prices paid by users of a new internet start-up. And this is no crazy give-away or competition; it’s the outcome of a business model that’s changing the way people shop online.
It’s called Yastic, the rapidly growing online auction start-up where you pay to bid on the top gadgets at ridiculously low prices. Launched in February by two…
Continue Posted on June 13, 2010 at 18:00 — 2 Comments
Comment Wall (3 comments)
- At 14:14 on September 27, 2010, JP van der Spuy said…
- Hey dude, sorry I've only seen your message now. Thats awesome bud, first hurdle covered, now the real work/challenge starts! hows things with Yastic? I'll give it a test run this week. Keep innovating bud, sure you'll make Michael a happy man sometime in the future!
shout if you need any advice - jp@mytrade.co.za
- At 23:51 on June 13, 2010,
Francis Omokhape oghuma said… - Thanks for connecting :)
- At 16:57 on March 29, 2010, JP van der Spuy said…
- Thanks for the add, see you at tomorrows event!
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