I know it's gnawed bones but last year was a big challenge for startups to survive the crisis. If a company had a big infrastructure and too much employees it caused huge headache for owners to manage the cash-flow.
Seeing the shopping comparison business, I believe that is a big opportunity for the portals as the people searching for the best possible offers. It highlights the spirit of this business...
Of course, this is what we don't want to communicate: we are a price finder site. But this is very important but fortunately not the most important factor in decisions even in the Balkan.
If you are in the desirable situation you must constantly develop your business to be the stronger especially these times when the competitors wants to focus on cash-flow to survive. Of course, it's good to have the investors to cover your costs. :)
Regarding revenue our net YoY growth was 25,5% last year. You can say not too much consider that we are a startup company. We agree that should have been much better even compare it to our plans but we can't ignore the fact that webshops spend less.
Next time I want to go into detailes to give overview about the Eastern Europe markets as we operate sites in five countries. Similar to the crisis it is not over yet...