Jun 21, 2021
Cas Paton, founder and CEO of OnBuy.com, on competing with Amazon and eBay and the experience of seeing his company grow by 600% year-on-year for the past three years.
Show Notes:
(3:34) Founding OnBuy
(6:01) Taking a different approach to the likes of Amazon and eBay
(8:07) Transitioning the business
(10:00) A leap of faith
(13:26) The see-saw analogy
(16:40) Managing growth
(18:51) Challenges and advantages of phenomenal growth
(21:04) Self-belief
(23:09) Structuring OnBuy while retaining the original vision
(23:43) The investment journey
(27:48) Managing the distraction of investment
(31:41) Having the right backers
(33:28) Cas’s business model approach
(35:21) Why Cas chose Poole as OnBuy’s base
(37:02) Affect of the pandemic on Cas’s approach to hybrid working
(39:05) Recruitment challenges and how to overcome them
(41:33) Staying connected to the team while growing and recruiting so rapidly
(44:09) Affect on entrepreneurialism on personal life & maintaining equilibrium within the team
(50:00) OnBuy’s five-year plan
(53:04) Personal definition of success