Interview With Lori Torres
Founder & CEO, Parcel Pending Inc.
Ernst and Young Entrepreneur of the Year Winner
In this interview, recorded exclusively for the Wealth Creators Network, Parcel Pending Inc. CEO, Lori Torres shares how she came up with the idea for Parcel Pending, how she sourced the technology and how she got the first Parcel Pending locker installed. She also shares, why she chose different payment models, how she found initial investors, when a second round of investors was needed, the challenges she faced when scaling and how she sold Parcel Pending for $100 million.
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In this video you will hear...
0.40 - All about Parcel Pending
2.20 - How she came up with the idea for Parcel Pending
3.37 - How Parcel Pending got started
5.00 - How she sourced the technology for Parcel Pending
5.45 - How she got the first Parcel Pending locker installed
7.00 - Why she uses different payment models
7.45 - After the first installation, how they expanded from there
9.45 - How she raised money and investors and at why she didn’t do it to start the company
13.40 - After raising money, what she used it for
14.20 - How she scaled the business and developed sales and her executive team
16.50 - Why a second round of investment was needed to further scale and to scale quicker
18.50 - Why plans are important when growing and scaling
20.50 - The challenges she faced when scaling and how they overcame them
23.10 - How she managed 70% growth for four consecutive years
23.55 - The process of selling Parcel Pending for $100 million
28.18 - After selling Parcel Pending, how she is still achieving big growth as CEO
29.26 - The help and mentors she had along the way
31. 25 - Her advice for upcoming entrepreneurs
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In this video you will learn...
0.40 - All about Parcel Pending
2.20 - How she came up with the idea for Parcel Pending
3.37 - How Parcel Pending got started
5.00 - How she sourced the technology for Parcel Pending
5.45 - How she got the first Parcel Pending locker installed
7.00 - Why she uses different payment models
7.45 - After the first installation, how they expanded from there
9.45 - How she raised money and investors and at why she didn’t do it to start the company
13.40 - After raising money, what she used it for
14.20 - How she scaled the business and developed sales and her executive team
16.50 - Why a second round of investment was needed to further scale and to scale quicker
18.50 - Why plans are important when growing and scaling
20.50 - The challenges she faced when scaling and how they overcame them
23.10 - How she managed 70% growth for four consecutive years
23.55 - The process of selling Parcel Pending for $100 million
28.18 - After selling Parcel Pending, how she is still achieving big growth as CEO
29.26 - The help and mentors she had along the way
31. 25 - Her advice for upcoming entrepreneurs
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