cumen Holdings is an aggressive one year old Arkansas company operated by three young entrepreneurs with delusions of grandeur: a physician who quit practicing medicine the day he finished 7 exhausting years of training, a lawyer who only keeps his law license in order to get friends out of speeding tickets, and an injury prone professional golfer who is unquestionably the nicest human being in the world.
Nobody is over 40, but we have built and sold multiple businesses with total revenue exceeding $50 million. Our experience is eclectic: we built our first ecommerce store in 1995 to sell quiz bowl questions to high schools; we used a pay-per-click arbitrage scheme to quietly accumulate over 1% of Google's partner revenue at the time of Google's IPO; and we pioneered the field of retail shopper marketing while sitting at the nexus of Procter & Gamble and Wal-Mart.
Back to the delusions of grandeur. We plan on building a hyper-growth ecommerce company capable of going public in 3 to 5 years. We started in 2009 by acquiring a medical uniform business, and spent our first 12 months in stealth mode of creating the technology necessary to expand stupid fast. In 2010, we will:
- open 11 additional stores
- add a manufacturer a day to our existing stores
- develop five non-ecommerce web applications
- release our proprietary Rails-based shopping cart as an open source project
- build a large scale traditional feet-on-the-street sales force to become a true multi-channel retailer
- launch an OTC anti-itch cream that actually works
Algorithms manage every portion of our business. And they must be pretty darn good since we're doing everything with only twelve people, and play ping pong most afternoons.
