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	<title>Scott Burkett&#039;s Pothole on the Infobahn &#187; jeff-bezos</title>
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	<copyright>2006-2007 </copyright>
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	<itunes:summary>Blogging, opining, ruminating, and pontificating on entrepreneurship, venture capital, technology, online communities, business networking, IT Management, online social networking, and other things that melt in the warm Atlanta sun.</itunes:summary>
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	<itunes:author>Scott Burkett&#039;s Pothole on the Infobahn</itunes:author>
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		<itunes:name>Scott Burkett&#039;s Pothole on the Infobahn</itunes:name>
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		<title>MFG.com: Bootstrapping to Globalization</title>
		<link>http://www.scottburkett.com/atlanta-business-scene/mfgcom-bootstrapping-to-globalization-571.html</link>
		<comments>http://www.scottburkett.com/atlanta-business-scene/mfgcom-bootstrapping-to-globalization-571.html#comments</comments>
		<pubDate>Fri, 23 Feb 2007 06:55:48 +0000</pubDate>
		<dc:creator>Scott Burkett</dc:creator>
				<category><![CDATA[Atlanta Business Scene]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Venture Capital]]></category>
		<category><![CDATA[atlanta]]></category>
		<category><![CDATA[bootstrapping]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[globalization]]></category>
		<category><![CDATA[jeff-bezos]]></category>
		<category><![CDATA[mfg.com]]></category>
		<category><![CDATA[mitch-free]]></category>
		<category><![CDATA[startups]]></category>
		<category><![CDATA[Uncategorized]]></category>

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		<description><![CDATA[For a great intimate conversation with Mitch Free, CEO of MFG.com, check out the latest installment of the StartupLounge.com podcast. I honestly think that content-wise this has been one of our stronger shows. Mitch shares some very candid views on a variety of topics ranging from what its like to work with Jeff Bezos to &#8230;<p class="read-more"><a href="http://www.scottburkett.com/atlanta-business-scene/mfgcom-bootstrapping-to-globalization-571.html">Continue reading <span class="meta-nav">&#8594;</span></a></p>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.startuplounge.com"><img align="right" alt="startup_lounge_logo_small.gif" style="border: 0px none ; margin: 15px" id="image495" src="http://www.scottburkett.com/wp-content/uploads/2006/11/startup_lounge_logo_small.gif" /></a>For a great intimate conversation with Mitch Free, CEO of MFG.com, check out the <a target="_blank" title="_blank" href="http://www.startuplounge.com/sl6-mfgcom-from-bootstrapping-to-globalization/">latest installment</a> of the StartupLounge.com podcast. I honestly think that content-wise this has been one of our stronger shows.</p>
<p>Mitch shares some very candid views on a variety of topics ranging from what its like to work with Jeff Bezos to what his view of the early-stage venture market is here in Atlanta.</p>
<p><span id="more-571"></span></p>
<p>This is a must-hear podcast if you are an early stage entrepreneur.<br />
<blockquote><p>So how does a guy go from running up his credit cards and cashing in the 401K to growing through acquisition in Europe, expanding heavily into China and processing over $4.5B in transactions in just a few short years? Join us for a very intimate conversation with Mitch Free, the founder and CEO of MFG.com, one of the world&#8217;s largest online marketplaces within the manufacturing space.</p>
<p>As an added bonus, hear Mitch&#8217;s view on where the Atlanta early-stage venture market is, what it is like to work with Jeff Bezos and the Samwer brothers, and what is next for MFG.com. We also discuss the subject of several outside venture funds taking a closer look at the Atlanta market.</p></blockquote><br />
Cheers.</p>
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		<title>Bezos Pours More into MFG.com</title>
		<link>http://www.scottburkett.com/atlanta-business-scene/bezos-pours-more-into-mfgcom-559.html</link>
		<comments>http://www.scottburkett.com/atlanta-business-scene/bezos-pours-more-into-mfgcom-559.html#comments</comments>
		<pubDate>Mon, 05 Feb 2007 14:33:12 +0000</pubDate>
		<dc:creator>Scott Burkett</dc:creator>
				<category><![CDATA[Atlanta Business Scene]]></category>
		<category><![CDATA[atlanta]]></category>
		<category><![CDATA[globalization]]></category>
		<category><![CDATA[jeff-bezos]]></category>
		<category><![CDATA[mfg.com]]></category>
		<category><![CDATA[mitch-free]]></category>

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		<description><![CDATA[Some more breaking news from Atlanta. My friend Mitch Free over at MFG.com just sent the following notice to me, announcing a new round of funding, although he didn&#8217;t specify the amount (UPDATE: word on the street says $4M or so). Mitch will be joining us as our guest on the StartupLounge podcast later this &#8230;<p class="read-more"><a href="http://www.scottburkett.com/atlanta-business-scene/bezos-pours-more-into-mfgcom-559.html">Continue reading <span class="meta-nav">&#8594;</span></a></p>]]></description>
			<content:encoded><![CDATA[<p><img align="right" id="image432" alt="mfg_logo.gif" style="margin-left: 10px" src="http://www.scottburkett.com/wp-content/uploads/2006/09/mfg_logo.gif" />Some more breaking news from Atlanta.  My friend Mitch Free over at MFG.com just sent the following notice to me, announcing a new round of funding, although he didn&#8217;t specify the amount <em>(UPDATE: word on the street says $4M or so)</em>.  Mitch will be joining us as our guest on the <a target="_blank" title="_blank" href="http://www.startuplounge.com">StartupLounge podcast</a> later this month, so we&#8217;ll definitely add this to the list of things to discuss.</p>
<p>I have long felt that MFG.com (along with <a target="_blank" title="_blank" href="http://www.ez-prints.com">EZ Prints</a>, <a target="_blank" title="_blank" href="http://www.vendormate.com">Vendormate</a>, and a few others) are leading the charge for early-stage Atlanta companies.  These guys all continue to chop wood and gain traction. All of these plays have logical global expansion routes, although MFG is further along on that path than the others.  Nice to see a globalization strategy paying dividends for them.<br />
<span id="more-559"></span></p>
<p>Here is the press release in its entirety:</p>
<p>###</p>
<p><strong>Manufacturing Marketplace MFG.com Secures Funding for Global Expansion </strong></p>
<p><em>European Founders Fund Joins Bezos Expeditions as Key Investors.<br />
Funding Follows Record Breaking Year in 2006 for RFQs and Revenue.</em></p>
<p>Atlanta, February 5, 2007 – MFG.com, Inc., the largest global online marketplace for the manufacturing community, today announced the closing of a round of funding by European Founders Fund (EFF), based in Munich, Germany.  Existing investor Bezos Expeditions, LLC, led the round of funding.  The funds will be utilized for MFG.com’s continued global expansion and the creation of innovative new online services for the manufacturing community.</p>
<p>&#8220;The manufacturing industry is one of the largest industries in the world, it is global by nature and highly fragmented,&#8221; said Oliver Samwer, co-founder of the European Founders Fund.  &#8220;MFG.com is bringing tremendous efficiency to the manufacturing industry and has garnered the all important critical mass that a marketplace requires to be successful.  Our organization knows the marketplace business firsthand and looks forward to contributing our experience and expertise to MFG.com.&#8221;</p>
<p>MFG.com also announced that for the year ending December 31, 2006, the Company saw a new record in the volume of manufacturing projects sourced through the online marketplace and recorded the highest sales and revenue in company history.  Marketplace volume increased by 103% and revenue was up 97% from 2005.</p>
<p>&#8220;The Internet and the manufacturing ecosystem are both global and an online marketplace for the manufacturing industry won’t work on a localized basis,&#8221; said Mitch Free, Founder &#038; CEO of MFG.com.  &#8220;2006 was a fantastic year for us with a lot of focus on creating a global foundation for us to build upon.  With our acquisition of SourcingParts.com in Geneva, the establishment of a wholly-owned foreign entity in China, our new offices in Europe, and a strategic partnership in India, we are now a significant player in the most important buy and supply markets.&#8221;</p>
<p>&#8220;I am pleased to have Bezos Expeditions and European Founders Fund as partners,&#8221; continued Free.  &#8220;Jeff Bezos and the Samwer brothers are highly successful entrepreneurs with hands on experience building large global online businesses.  They invest their own money and bring a level of expertise and experience that pure financial investors just can’t offer.&#8221;</p>
<p>The MFG.com online marketplace, which facilitates billions of dollars in manufacturing transactions annually, supports 10 languages and 12 currencies and has offices in Atlanta, Geneva, Shanghai, Paris and London.</p>
<p><strong>About MFG.com</strong><br />
MFG.com is an online marketplace servicing the global manufacturing community.  MFG.com instantly and intelligently matches sourcing professionals and engineers with suppliers who have the right expertise and capacity to manufacture parts and tooling on demand in accordance with their engineering drawings and CAD files.  MFG.com’s on-demand service is consolidating the once-fragmented world of custom manufacturing into an efficient marketplace, enabling products to be sourced and built more easily, quickly, inexpensively, and at higher quality levels. For more information, please visit http://www.mfg.com</p>
<p><strong>About Bezos Expeditions, LLC</strong><br />
Bezos Expeditions, a personal investment company of Jeff Bezos.</p>
<p><strong>About the European Founders Fund GmbH</strong><br />
European Founders Fund GmbH is a highly selective investment company run by brothers Marc, Oliver and Alexander Samwer, with offices in Munich, Germany. The Samwers are the founders of eBay Germany (alando) and Jamba! (now part of News Corporation). The internet companies founded by the Samwers have achieved combined sales of more than €1 billion. They are entirely focused on investing in the equity of young technology companies, especially internet &#038; wireless. The Samwers have direct experience in these segments and an extensive network of partners who bring significant value-add to their portfolio companies. With every investment, the Samwers aim to make a difference and to build enduring, significant companies.<br />
####<br />
Congrats, Mitch!</p>
<p>Cheers.</p>
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