Matt Coffin Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Matt Coffin is money to say the least. His company, LowerMyBills, worth more than $ 400 million. But he has to sell? Is he crazy to think that life is good as it is, why risk change all that with the harvest? Ever since he began starting a business, the primary motivation Matt Coffin was to create something big enough and exciting enough to attract the best and the brightest. His two earlier companies were profitable, but he threw them away as soon as he saw that they were not amazing "opportunity. At the height of the waves of the Internet in 1999, 30-year-old businessman has attacked his first big opportunity: Web business to help consumers lower their monthly bills of households. he collected the first round of investment from friends and professional investor groups and start LowerMyBills.com. It grows quickly, but when the Internet bubble bursts, Matt almost goes under because his bank requires repayment line of credit in full. Fortunately, unlike most other dot-com entrepreneurs, at the time, Matt was a modest and focused on profitability. Company collects a second round of funding, is growing fast, and it turns profitable in 2002. in 2005 Matt was overwhelmed with offers to LowerMyBills.com public company to refinance a partial redemption of, or have acquired LowerMyBills billion parents. He loves life and working environment he created, so he's supposed to do? "Hide
by William Bygrave, Carl Hedberg Source: Babson College 12 pages. Publication Date: November 18, 2006. Prod. #: BAB140-PDF-ENG