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Chapter 14
PicassoMio.com
www.picassomio.com
Your name: Allan Majotra
Company name: PicassoMio.com
Website URL:
www.PICASSOMIO.com
Your company / website vision statement / goal:
PicassoMio.com and PicassoMio Galleries aim to be the world’s leading
source to purchase original art. Our goal is to deliver the friendliest
channels to both view and acquire the best in contemporary art and
design.
What you sell / services you offer (brief description of your company):
PicassoMio.com currently offers the largest selection of curated
contemporary art. Our Website includes over 20,000 artworks, in all
styles and prices, by known and emerging artists.
Our Website also enables artists and galleries worldwide to access the
largest base of potential clients.
Have you always wanted to run your own business? What were some of your
previous jobs / companies?
While at college, I had the opportunity to work with an environmental
NGO and also did an internship at the United Nations. Upon graduation,
looking for suitable international work experience, I worked in
Japan for a year in marketing at
a Mitsubishi affiliate. I later moved to
Los Angeles and began a six year stint
in finance at the Union Bank of
California. During these six years,
I moved up from an analyst to a Vice President, and raised capital for
companies in various sectors, including, retail, entertainment,
technology and energy. This experience gave me the opportunity to work
with both, the large multinationals and the small entrepreneurs. The
idea of starting a business occurred about seven years ago, while I was
still working in finance and coming in daily contact with exceptional
entrepreneurs who had created successful ventures and it quickly became
my mission, as well.
I come from a family where everyone seemed to complete college or
graduate school and then started at a steady corporate or similar job;
therefore to some degree I faced some external resistance and also some
personal fear of commencing something new and untested.
Have you got any qualifications? Please tell us about yourself
academically?
I received my undergraduate degree from a liberal arts college in
Florida, where I focused in
Economic Theory. While I do realize now the importance of academic
achievements, at the age of 17, when I began college, I was most
interested in graduating early and starting work. I was pretty much a
B-student and did not find academics adequately challenging, up until my
last year at college. Shortly thereafter, I graduated the same month as
my 21st birthday.
On the other hand, grades or academia are definitely not an accurate
predictor of future success, as most entrepreneurs would tell you.
I later went through an intensive 16-month long Banking and Finance
training program at Union Bank of California, where I had my first
exposure to accounting, finance and law classes. It was intense because
we were training under professors from UCLA, USC, etc. and if one did
not receive the passing grades, one could get fired. Later, I went on
to take some more classes, in various fields, at UCLA.
How / when did the idea of your website / company come about?
The concept of my business was an outcome of our analysis of the
internet and its applications, in sectors lacking large players and
where consumers could gain from the aggregation of the sector. It
quickly became apparent to us the art was one such sector where the
industry consisted of hundreds of thousands of small players, around the
world, and lacked in customer service.
PicassoMio.com emerged as a result of our research to aggregate the
sector and to provide the highest level of customer service that a
company can provide.
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