DEMO Says: Our mobile phones are as much a style statement as they are a communicating device. From the design of the device to the custom ringtones, the mobile phone is a platform for self-expression. Coveroo capitalizes on that trend, providing unique graphic covers for a wide range of mobile phone models.
And while you might think that Coveroo is a random pick of product for DEMO, keep in mind the size of the custom ringtone business. Can custom covers be far behind?
We think there's a gold mine here.
Karl Jacob is a four-time entrepreneur and has been building and advising companies for the last 14 years. He also worked as a manager at Sun Microsystems and an executive at Microsoft. In his career, Jacob raised over $200 million from prestigious investors like Amerindo, Microsoft, eBay, Integral Partners, Norwest Ventures, Bay Partners, Benchmark Capital, Deutsche Bank, Ignition Partners, Vulcan Ventures and others.
He started four companies from no revenue to significant revenues or being acquired. One of his companies, Dimension X, was acquired by Microsoft in 1997; and another, Keen (now Ingenio), was acquired by AT&T in 2007.
Companies with Jacob as CEO have generated over $300 million in returns to investors and over $150 million in revenue per year. He has received numerous awards, including being named one of BusinessWeek's top ten up-and-comers.