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Elliot Moskow is the Founder and CEO of PriceFalls.com.  He started this site in his junior year of Bates College when he became frustrated with selling items on EBay.  It’s definitely different from EBay alright.  They even list the products for you.  To get the site off the ground, he managed to raised $400,000 in seed funding from private investors.  Check out the interview along with the questions I asked.

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Interview Breakdown:

0:16 Introduction and back story to how PriceFalls started.

1:48 What is a Dutch auction and how does it work?

4:41 What was your strategy to bring together both the consumers and the sellers?

7:13 When you were first developing relationships with sellers, how did the conversation go like?

11:11 How does PriceFalls help manage a business’s storefront?

13:37 How does PriceFalls make money?

14:36 Why does PriceFalls serve ads to potential consumers, knowing that it can drive them away from the site?

16:06 How do you bring buyers to your site?

18:45 How do you get PriceFalls onto comparison shopping networks such as Google Products Search?

20:56 How did PriceFalls get onto media outlets such as TechCrunch and other local news channels?

23:15 What are some testimonials from PriceFalls sellers?

24:36 How much seed funding did PriceFalls raise and is it profitable now?

25:47 Tell us about the process in raising capital.

28:49 What kind of research went into establishing PriceFalls?

30:22 What kind of advice can you give to young entrepreneurs about raising money?

33:14 What kind of challenges did you face in building PriceFalls?

36:10 What new features are you adding to PriceFalls to benefit both buyers and sellers?

39:24 What advice would you give to young people starting a business today?

40:22 Any last words about yourself or PriceFalls?

Read Further:

• PriceFalls Testimonials
• PriceFalls In The News
• PriceFalls on TechCrunch