Red Herring editorial team has
chosen NexTag Inc. in the Red Herring 100 Private
Companies of North America
NexTag is a price comparison site where shoppers
find great deals on their favorite products. We provide
side-by-side comparison of latest prices, including
tax and shipping, from a wide variety of sellers and
stores. We also provide helpful information on sellers
to help shoppers decide where to order from.
It was then that the company scrapped its grand plan
for a practical one and stuck to what was already
a proven success on the Internet. It was that bow
to pragmatism that helped NexTag reach the top of
the San Francisco Business Times List of Fastest Growing
Privately Held Companies in 2003.
Founded in 1999 by Ojha and his fellow Stanford MBA
classmate Rafael Ortiz, the idea was initially to
create a marketplace where buyers and sellers match
up and haggle for almost any conceivable good or service.
The two financed the company out of their own savings
for the first six months and then raised $4 million
in venture funding from Morgenthaler Ventures
NexTag's highly qualified traffic and performance-based
pricing makes it an extremely efficient sales channel
for thousands of retailers, service providers and
individuals. Over 11 million people per month use
NexTag.com to research, compare, and buy products
and services online. The company was also recently
recognized as the fastest growing comparison shopping
service on the Internet
NexTag ranked second fastest growing private company
in the Bay Area by the San Francisco Business Times
Fast 100 with percentage growth of 1,180%
In May 2004: NexTag named to the Red Herring Top
100 Private Companies. March 2004: NexTag becomes
the second largest independent comparison shopping
website
In December 2003: NexTag finishes an impressive year
of growth. NexTag has 7.7 million unique visitors,
representing a 117% growth year over year. NexTag
records ninth straight quarter of profitability.
In August 1999, NexTag launches its price comparison
and online negotiation service for technology products
from major retailers on the Internet. It offers TruePrice
comparison (price + tax + shipping) for the first
time on the Internet. The service includes both a
leads-based model as well as a dynamic pricing-based
transaction model
Red Herring has a long tradition of
discovering new and innovative technology and entrepreneurs.
Since 1997, Red Herring editors have selected a group
of private companies that are emerging as the brightest
stars...More
