[OSL]

A former associate of mine forwarded this to me.

This is a job/internship posting, I am in no way affiliated with it. The Germans who are running this SE Asia startup incubator have a track record of success but also are infamous for the way in which they conduct business and treat their coworkers.

Check it out, but don't say I didn't warn you. Email the listed email address, not me, if you are interested in the opportunity

Salary is apparently about 20-40K baht per month, depending on experience.

----------------------------

Looking for: Entrepreneur in Residence (PAID Internship, Thai & Foreigner)
South East Asia

Rocket Internet GmbH is the leading internet startup incubator in Europe and beyond. Over the past years Rocket Internet has launched some of the most respected internet companies globally. Some of the best-known ventures include Groupon (former CityDeal), Zalando, eDarling and Wimdu.

To strengthen our South East Asian operations, we are looking for Entrepreneur in Residence Interns. Become part of building up the biggest e-commerce companies of the region and learn firsthand how to become an internet entrepreneur. This is a unique opportunity to gain valuable experience at a fast-paced, rapidly expanding start-up company. You will be able to use your initiative and creativity to support our expansion, and gain a working knowledge of all aspects of the business. You will also learn from the very best – including Europe’s foremost internet investors: the Samwer brothers.

Your profile:
•Excellent academic grades and accomplishments in the field of Business, Economics or Management Studies (other majors welcome as well, show us your entrepreneurial spirit).
•Entrepreneurial mindset: Pragmatic, hands-on, visionary, analytical and ambitious.
•Positive attitude, energetic approach and self-motivation are all essential.
•Experience at Top Tier Consultancy or Investment Bank is a plus.
•Be able to adapt to new cultures and challenges.
•Background in lion taming, shark diving or magic considered an asset.

Our offer:
•Position as Entrepreneur in Residence (Intern) in the field of business development.
•Work independently and manage your own projects.
•3-6 months internship.
•Shape the e-commerce landscape of one of SEA’s upcoming countries.
•Report directly to the local managing director.
•Opportunity of leading a small team.
•Start date: ASAP

Please note, exceptional candidates who excel during the program may be eligible for a full time position.

What you should do:
Please send your application including CV, current grades record and earliest starting date with the subject “EIR Internship” to Felix Wittlinger ([email protected]).

Only candidates who are being short listed will be contacted for an interview.

[nmmoooreland20]

I have a buddy that works for Rocket Internet. Very solid e-commerce incubator, but a fierce reputation for how they treat their employees. Interesting opportunity to get some solid experience.

[hunter7]

edit

[thegmanifesto]

(03-07-2012 03:15 PM)hunter7 Wrote:  

They´re infamous in Germany and Europe. But they win the game and make serious deals and cash. They hold 10% of Groupon and have a lot more investments running. Just google them or their head "Oliver Samwer" ..

"Infamous" in what way?

Break this down a little.

[BoiBoi]

(03-07-2012 03:19 PM)thegmanifesto Wrote:  

(03-07-2012 03:15 PM)hunter7 Wrote:  

They´re infamous in Germany and Europe. But they win the game and make serious deals and cash. They hold 10% of Groupon and have a lot more investments running. Just google them or their head "Oliver Samwer" ..

"Infamous" in what way?

Break this down a little.

This is why:

From: Oliver Samwer
Subject: when is it time for blitzkrieg
To: [redacted]
Cc: [redacted]
Date: October, 2011

[Name], [Name] and the other founders globally in furniture, i need to know from you, when it is time to do the same in furniture, that means when it is time to take 100% of the market, full scale investment attack etc – as see below.

there are only 3 areas in ecommerce to build billion dollar business: amazon, zappos and furniture. the only thing is that the time for the blitzkrieg must be chosen wisely, so each country tells me with blood when it is time. i am ready – anytime!

Team in India, Turkey, Australia, South Africa, South East Asia,

I want you to change strategy and become the fastes, most aggressive and most succcessful company we ever built. You both face the same situation of coming late into market but sitting in the most interesting markets of the world and therefore I want you both to follow the same strategy. And do not tell me that you are following the strategy already, today from india to turkey, you have implemented 20% of this. Now it is time to either decide we will die to win or to give up.

So here is the important stuff for our strategy

Must:

1. We must be number one latest in the last month of next season. Full month, not a discount sales month.

Why ? Because only number one can raise unbelievable money at unbelievable valuations. I cannot raise money for number 2 etc and I have seen it how easy it is for me in Brazil and how difficult in Russia, because our team fucked up.

So to be clear, I will provide you with the money for the most aggressive plan of history. You must provide a plan and assume the following:

1. You achieve number 1. And you must achieve number in the categories that your competitors are active. So if your comeptitors are only in shoes, you must be number one in shoes. And then have clothes etc on top. But it will not that by not being number one in shoes you make up by selling in clothes. Leader in EVERY country that you have.

2. You must be in 2 seasons from now have at least 50% marketshare of the total online market in all your categories. A scenario where you have 35%, next 25%, next 20% will not give you the valuation that we need. we need an amazon valuation: seen as the 80% leader in the market.

3. You must assume that your competitors will raise huge amounts of money and will have revenues of 3x compared to this season.

4. i want all competitors with forecasts in your plan, so that it is clear what our position is.

5. i only care for net revenues, after returns and number of orders to prove that you are number one and have the required market share. no other currency. pls provide a business plan for 2012, not longer, not less.

6. in the last season month you need to be 100% bigger than biggest competitor in net revnues and order (both metrics)

7. assume that your competition will do crazy things: tv, groupons, selling below cogs, … you must assume eveything in your plan so that there are no surprises. i do not accept surprises. i want this planned confirmed by all three of you: you must sign it with your blood.

What you need and do not have (this is not criticism, this is oberservation):

1. You have not enough top buyers: you need to be number one in shoes, apparel, sports, jewelerey, whatever category makes sense. we can only get to 80% marketshare if we beat our competitors by aggressiveneess in each category, it must be a blitz-krieg-invasion. i think you should have 25 top buyers, top in each category, start looking now. you must OWN each category. australia mistake, not enough focus on shoes, instead apparel

and so they are losing out in shoes. the strategy is: own every country and if you have to sacrifice, focus on shoes as priority. best is if you can master all.

2. you need more top people. more mckinseys, goldman. find young talent, aggressive talent, smart detailed.

3. you need to ask much more brazil, russia and germany for their lessons, mistakes, improvements. russia did not do reports like germany and so they screwed up.

4. spend your money wisely. grow buying now, but it makes no sense to have 200 logistics people for 10 orders a day. so grow early, but wiseley.

5. control marketing, the key is in measurement. there is tons of lessons in russia mistakes and brazil there.

6. 2 of you should come some time for 2 days over one weekday and one weekend day to germany to get complete download.

7. find a top cto wizzard, build up a 30 people it team of top talent. amazon is it company, zalando 30% of value in it. it is always bottleneck.

Summary: i give you all the money to win, i give all the trust, but you come back with unmatched success. If i see that you are wasting my money, that you are not german detail oriented, that you are not fast, that you are not aggressive, that you are not data driven, that you are not doing logistics well, upload inventory fast, buying wrong inventory, then i get angry and do like in russia, where no people leading the company now and i lost a ton of money and the founders lost 50% of their equity and no salary for 6 months. we are in the same boat, everyone has to do his mission.

We are coming late, so we need to be the most aggressive, so aggressive that every competitor is surprised because he cannot imagine that we are SOO aggressive. to give you an example in brazil in groupon my competitor did 3m a month and had 80 sales people. i assumed in 4 months he would go to 300 salespeople and 6m so i told the team to have 500 salespeople in 4 months and 10m monthly revenues. we won. yes, there was some collateral damaage (it could have been done cheaper wiht more time), but i won and this it was matters so i could raise money and optimise all the missing parts.

Provide a plan over this weekend that includes all your recommendations, thinking because i can give you the money, the knowhow, the strategy, but i will only do a plan that you 100% believe in and that is signed with blood. this is not olis plan, this must be your plan, our plan.

Never forget there are only 2 big areas in ecommerce: amazon and zappos. this is the last chance in your life! the chance for another billion dollar ecommerce company will never come again. This is over, after amazon there came only zappos, so we cannot lose this, because your grand children will ask why you why you did not become it.

Surprise me with your aggressiveness, but smart and thought through aggressiveness – learn from the russian and japanese mistakes and the german and brazilian successes !

This is our last chance in ecommerce to build an Amazon company. After us, you can build an online games company, but no more in ecommerce. this is the LAST frontier in your life for ecommerce and I want you to rule this frontier. not 20%, not 30%, but 80% marketshare which is still possible in your countries.

I am the most aggressive guy on internet on the planet. I will die to win and i expect the same from you! =