UPDATE: Dot-coms seek comfort from Booz and friends

Formally launched today, the yet-to-be-named program is built around BAH's international ecommerce initiative Ebusiness Accelerator, and is designed to nurture internet entrepreneurs and dot-com startups.

The three partners are working together as a one-stop shop providing consulting, financial and legal services, web design expertise and assistance with capital raising, said Martin North, leader of BAH's ebusiness practice and developer of E-Biz Accelerator.

Services are offered based on an equity model where the three partners take a small stake in the dot-com rather than charging a fee.

"We are using a client service model, providing high-quality consulting advice, legal advice from Blake Dawson Waldron and financial advice from Rothschild," North said. "Our equity stake would be significantly lower than a venture firm's, between 5 and 20 per cent. It's essentially one equity stake split between the three entities."

According to North, the venture is also designed for traditional clients who require assistance at executing their ecommerce initiatives. Traditional clients would be charged a fee for the service, he said. Additionally, the venture will assist dot-com companies in forming relationships and partnerships with large corporates and BAH's more traditional clients.

North said the venture will also provide opportunities for employees from BAH, Blake Dawson Waldron and Rothchilds to work on ecommerce projects easing the so-called executive brain drain. "We're saying you don't have to (leave our organisations) to work on dot-coms," he said.

According to North, BAH is expecting the venture and ebusiness-related activities to generate 50 per cent of its total revenues by 2003. Ebusiness projects currently generate around 15 per cent of revenues, he said.

Australia's BAH operation is the first office to launch the program worldwide. Similar services based on the Accelerator model are expected to be launched in the US and Europe soon. "The US is only one or two weeks behind us," North said. Although the offshore programs may take a different form, he said each group will integrate and work together, opening offshore opportunities for clients.

Entrepreneurs can register their ideas with BAH for consideration for the venture at http://www.ebiz-accelerator.com.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Luisa Bustos

PC World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?