Small Business Profile of The Week - posted on Biz San Diego, October 23, 2008
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Carrie Podber is a firm believer that proper relationships are critical to
succeed in business. Podber has taken that belief into a company called echain (echaincommunity.com).
Podber, who began her career in software technology back in the mid 1990s,
has spent the bulk of her career involved in start-up to expansion stage
companies both from an education (how to launch a company) and capital raise
standpoint.
echain was originally formed as a company called eChainReaction in 2005,
where Podber connected with an investor/programmer in the interest of moving her
consulting business to an online environment in order to facilitate the process
of introductions that would result in investment into start-up/early stage
companies.
According to Podber, the investor’s interest was to provide advice and
knowledge to companies regarding why they are good or bad investments and what
can be improved to make it a more viable investment; or pack up and go home.
"Companies tend to continue on the path and end up in more debt and eventually
have to close their doors anyway," Podber said. "We intended to help shorten
that road."
After building the prototype and beta test, Podber recognized that it wasn’t
just about an investor writing a check but rather the relationships in place
were critical in receiving that check. echain community was formed to broaden
the relationships to include strategic, synergistic and revenue as these are
critical factors in a company receiving a check.
"I originally targeted the baby boomer generation because my contacts were
primarily in that market, they had money to pay membership fees and we kept the
community very exclusive," Podber said. "The baby boomer generation is a very
difficult market for the online environment. They are not adapting the concept
as well as the X and Y generation and as a result, I opened up the community to
everyone."
Podber said she intends for echain to be the leader and number one online
business social networking community.
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