“Built to Scale” eCommerce Show

How to Fund eCommerce Growth: Advice From Clearbanc, The Biggest eCom Investor In the World

February 26, 2021

This time, let’s welcome Daniel Rodic. He is a Forbes Top 30 Under 30 member and the Head of Marketing at Clearbanc. In this episode we’ll be diving deep into how eCommerce businesses should be funding their growth, covering their marketing expenses, and scaling their business to the next level.

On this episode:

  • [1:19] A bit about Daniel and his previous work experience.
  • [5:30] How his previous business grew over time through partnerships and pitching.
  • [8:14] How Daniel came to join Clearbanc.
  • [9:58] The types of funding offered by Clearbanc and when to consider funding.
  • [11:49] What makes funding from Clearbanc different from their competitors.
  • [13:44] What type of businesses does Clearbanc work?
  • [14:55] The criteria they use to decide who they will work with and who they won’t.
  • [16:29] Average time offers for capital advances and how long it takes to get access.
  • [17:10] When Daniel would recommend a different kind of financing than what they offer.
  • [19:21] About annual subscriptions and the cash conversion cycle.
  • [21:18] What another business implemented instead of a subscription that worked well.
  • [24:38] Examples of how some other businesses manage their cash conversion cycle.
  • [25:40] What smart businesses do with the capital they get.
  • [26:25] Why do Facebook and Google dominate in marketing?
  • [29:14] How running a lean operation can benefit you and your business in the long run.
  • [30:58] Overlooked areas of your business that deserve more investment. 
  • [33:33] Where to learn more about Clearbanc.

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