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This article, Alec Oxenford, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary. Reviewer tools: Inform author

Alec Oxenford
Alec Oxenford at the Mobile Marketing Association
NationalityArgentinian
EducationUniversidad Católica Argentina, BA; Harvard, MBA
OccupationEntrepreneur
Websitehttps://us.letgo.com/en

Alec Oxenford, is an entrepreneur and art patron[9][10][11] who co-founded OLX, one of the largest online classified marketplace in world,[12] with 330 million users worldwide,[13] and founded letgo, a mobile classified ad app in the United States, which in 2017 had 75 million downloads and a $1 billion company valuation.[14]

Early Life

Raised in Argentina,[9] Oxenford received a BA in Business Administration from the Pontifical Catholic University of Argentina and an MBA from Harvard University.[15]

Career

He previously worked for the Boston Consulting Group[16] and was the CEO of DeRemate.com, an online trading platform in Latin America, which sold to eBay.[17] The story of the founding of DeRemate and its sale to eBay is include in the book Six Billion Shoppers: The Companies Winning the E-Commerce Boom by Peter Erisman.[18] He also co-founded DineroMail.com.[10]

A 2014 article in Fortune Magazine characterized him as a "CEO rock star of sorts" in South America, known for his "staunch contrarianism".[19] Investopedia said in 2015 he was one of the top 5 most successful entrepreneurs in Latin America. [20]

OLX

In 2006, Oxenford and Fabrice Grinda co-founded OLX. OLX operates in 45 countries,[21] with 330 million users and 60 million listings a month.[13] It is the larges online classified ads company in 35 countries,[13] including India, Brazil, Pakistan, Poland[14], Portugal and Ukraine.[22]

In 2010, a majority of the company was acquired by the South African group Naspers, with Oxenford remaining CEO through 2014.[23]

Oxenford adopted a "Martian approach" to international expansion, launching in India, the largest available market, rather than in the United States or his home country of Argentina.[24] He also invested heavily in television advertising, arguing that adoption of the internet by more than three billion people makes it more effective as a driver of traffic to websites or apps than it was during the early dot-com period, when website advertising didn't work.[23]

The story of Oxenford's founding of OLX is told in the 2017 book Los Nuevos Reyes Argentinos by Sebastián Catalano,[25] with an overview in La Nación.[26]

Letgo

Oxenford started letgo in 2015 as a smart-phone focused marketplace for buying and selling used goods in the United States, which had 75 million downloads in 2017.[27] The company raised at least $375 million, as of 2017.[27]

Oxenford said that letgo is competing with eBay and Craig's List, but with goods displayed based on the geo-location closest to the buyer instead of reverse chronological order[28] and, with integrated chat.[23] He said there was a market for letgo that there had not been much innovation in person-to-person classified in the United States.[29]

In September 2015, Oxenfors raised $100 million in financing to back the company from Naspers, the majority owner of his other company, OLX.[28]. Oxenford said he raised a very large round, one of the five largest between 2008 and 2015, because of the size of the opportunity. He said he planned to spend three quarters of the funding on marketing.[28] He raised an additional $100 million in 2016.[30] and merged with competitor Wallaopop the same year. [31] Oxenford raised $175 million more for letgo in February 2017.[32]

In September, 2017, Oxenford reportedly raised another $100 million for letgo at a $1 billion valuation. He said at the time that letgo's growth was being driven by the simplicity of the application.[14]

Television

Oxenford was interviewed by CNN en Español in 2008 about emerging internet technologies.[33] He appeared as a guest on a cooking show on Canal Metropolitano Television in 2009, where he discussed OLX.[34] He was profiled by CNN Espanol on the 10th anniversary of OLX[35] and interviewed by CNN Dinero about letgo in March 2017.[36] He was also interviewed by CNN Dinero about doing business in Argentina.[37]

Oxenford appeared on Bloomberg television when letgo raised $175 million in February, 2017.[38] He was interviewed in a CNBC segment about letgo on September 20, 2017[39] and a Cheddar (TV channel) segment about letgo, also on September 20, 2017.[40]

Art Patron

Aside from investing, Oxenford devotes considerable time to the art world.[41] He was named president of the Asociación de Amigos del Malba (Friends of MALBA) in 2001. (MALBA is the Latin American Art Museum of Buenos Aires.)[9]

In 2013, Oxenford became the president of the arteBA Foundation, the nonprofit that organizes the arteBA art fair, a Latin American annual event which draws 100,000 visitors an features over 500 artists. Oxenford introduced Photobooth Citi at the fair, dedicated to contemporary photography, and expanded Barrio Joven Chandon, the part of the fair dedicated to emerging artists.[9] arteBA is the third most attended art fair in the world, after Art Basel in Miami and ARCO in Madrid.[10]

As a collector, Oxenford focuses on Argentinian artists, such as Liliana Porter, Eduardo Navarro, Carlos Huffmann and Martin Legon.[9] His collection includes about 280 pieces and was selected with the help of three advisors.[11]

Writing and Speaking

In a 2015 essay in TechCrunch, Oxenford argued that investment in tech companies in emerging markets was dramatically underfunded.[42] In a 2014 essay in Recode, he argued that in the emerging world, instead of "mobile first", users were "mobile only" and the companies which failed to build a "fundamentally mobile option" would be displaced by competitors.[43]

Oxenford has appeared as a speaker at Jóvenes Líderes in 2010,[44] the Web 2.0 Conference in 2015,[45] Red Innova in 2014,[46] 2015,[47] and 2016,[48] Art Basel in 2016,[49] ArteBa in 2017,[50]

Awards

Oxenford received the CNN Internet Leader Award in 2001 and the Entrepreneur Award in 2003. He was elected Young Global Leader by the World Economic Forum in 2006.[51]

References

  1. ^ Griffith, Erin (29 October 2014). "Meet OLX, the biggest Web company you've never heard of". Fortune. Retrieved 30 August 2017.
  2. ^ Tarver, Evan (16 September 2015). "Top 5 Most Successful Latin American Entrepreneurs". Investopedia. Retrieved 30 August 2017.
  3. ^ Gavasa, Juan (30 May 2015). "Successful, Tenacious: The Most Outstanding Serial Entrepreneurs in Latin America". PanAmericanWorld. Retrieved 30 August 2017.
  4. ^ Griffith, Erin (29 October 2014). "Meet OLX, the biggest Web company you've never heard of". Fortune. Retrieved 30 August 2017.
  5. ^ Zacharias, Maria (2015-05-31). "Alec Oxenford: "El arte es un mundo de contrastes"". www.lanacion.com.ar. Retrieved 2016-06-14.
  6. ^ "The Mover and Shaker in Argentine Internet Business and Contemporary Art Scene | Larry's List". www.larryslist.com. Retrieved 2016-06-15.
  7. ^ Tarver, Evan (16 September 2015). "Top 5 Most Successful Latin American Entrepreneurs". Investopedia. Retrieved 30 August 2017.
  8. ^ Gavasa, Juan (30 May 2015). "Successful, Tenacious: The Most Outstanding Serial Entrepreneurs in Latin America". PanAmericanWorld. Retrieved 30 August 2017.
  9. ^ a b c d e Gleeson, Bridget (2015-05-27). "Meet the Argentine Tech Entrepreneur Who Started His Own Emerging-Art Incubator". Artsy. Retrieved 2016-06-14.
  10. ^ a b c Zacharias, Maria (2015-05-31). "Alec Oxenford: "El arte es un mundo de contrastes"". www.lanacion.com.ar. Retrieved 2016-06-14.
  11. ^ a b "The Mover and Shaker in Argentine Internet Business and Contemporary Art Scene | Larry's List". www.larryslist.com. Retrieved 2016-06-15.
  12. ^ Loizos, Connie (2016-05-11). "Naspers Plants a Flag in U.S., with New Venture Group". TechCrunch. Retrieved 2016-06-18.
  13. ^ a b c Lourie, Gugu (2017-07-23). "Meet OLX, the Biggest Classified Company that is growing Fast". TechFinancials. Retrieved 2017-09-30.
  14. ^ a b c Lunden, Ingrid. "Used goods marketplace LetGo quietly raised $100M more at a $1B+ valuation". TechCrunch. Retrieved 2017-09-29. ((cite news)): no-break space character in |title= at position 65 (help)
  15. ^ "Alec Oxenford: Executive Profile & Biography - Businessweek". www.bloomberg.com. Retrieved 2016-06-14.
  16. ^ "The Craigslist of emerging markets". Fox Business. 2014-09-22. Retrieved 2016-06-14.
  17. ^ "Emerging world's Craigslist". Fox Business. 2015-02-03. Retrieved 2016-06-14.
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  20. ^ Tarver, Evan (16 September 2015). "Top 5 Most Successful Latin American Entrepreneurs". Investopedia. Retrieved 30 August 2017.
  21. ^ Mander, Benedict (2016-09-19). "Argentina: home to the majority of Latin America's tech unicorns". Financial Times. ISSN 0307-1766. Retrieved 2016-09-27.
  22. ^ "Top Sites in Ukraine - Alexa". www.alexa.com. Retrieved 2017-09-01.
  23. ^ a b c Perez, Sarah (2015-09-03). "Mobile App Letgo Raises $100 Million From Naspers To Take Over Classifieds In The U.S." TechCrunch. Retrieved 2016-06-14.
  24. ^ Mander, Benedict (2016-09-19). "Argentina: home to the majority of Latin America's tech unicorns". Financial Times. Retrieved 2017-09-29.
  25. ^ Catalano, Sebastián (2017). Los Nuevos Reyes Argentinos. PAIDOS IBERICA. ISBN 9789501296334.
  26. ^ "Historias mínimas de los unicornios argentinos". Retrieved 2017-09-29.
  27. ^ a b "Billion-dollar startup Letgo is becoming the go-to app for selling your stuff — here's how it works". Business Insider. Retrieved 2017-09-30.
  28. ^ a b c Merced, Michael J. De La (2015-09-03). "South Africa's Naspers Backs Smartphone Start-Up Letgo". The New York Times. ISSN 0362-4331. Retrieved 2016-06-14.
  29. ^ "How Classifieds Startup Letgo Aims To Help Americans Get Rid Of Their Useless Stuff". Fast Company. 2016-02-08. Retrieved 2017-09-29.
  30. ^ Geron, Tomio (2016-05-10). "Letgo buys fellow mobile classifieds startup Wallapop". MarketWatch. Retrieved 2016-06-18.
  31. ^ Lunden, Ingrid (10 May 2016). "Wallapop and LetGo, two Craigslist rivals, merge to take on the U.S. market, raise $100M more". TechCrunch. Retrieved 18 June 2016.
  32. ^ Mac, Ryan. "Letgo Lands $175M As It Ups Mobile Marketplace Challenge To Craigslist And OfferUp". Forbes. Retrieved 2017-09-29.
  33. ^ digitalec (2008-09-09), Entrevista CNN a Alec Oxenford 08-2008, retrieved 2017-09-29
  34. ^ Chris Abraham (2009-06-11), Alec Oxenford y Alexis Garbarz de OLX en Canal Metro, retrieved 2017-09-29
  35. ^ "NN - OLX. Alec Oxenford y su emprendimiento tecnológico". YouTube. CNN. Retrieved 29 September 2017.
  36. ^ "Alec Oxenford Entrevista CNN DInero". YouTube. CNN Dinero. Retrieved 29 September 2017.
  37. ^ ResistanceNetworks (2014-02-17), CNN Dinero: ¿Es Difícil Hacer Negocios En Argentina? - Febrero 17,2014, retrieved 2017-09-29
  38. ^ "Letgo Raises $175M in Latest Round of Funding". YouTube. Bloomberg. Retrieved 29 September 2017.
  39. ^ "Here's how Letgo aims to disrupt the 'secondhand' market". CNBC. Retrieved 2017-09-29.
  40. ^ "Cheddar". www.facebook.com. Retrieved 2017-09-29.
  41. ^ Gavasa, Juan (30 May 2015). "Successful, Tenacious: The Most Outstanding Serial Entrepreneurs in Latin America". PanAmericanWorld. Retrieved 30 August 2017.
  42. ^ Oxenford, Alec (2015-03-11). "The Internet Is Flat, Now What?". TechCrunch. Retrieved 2016-06-14.
  43. ^ Oxenford, Alec (2014-04-14). "How Mobile-First Became Mobile-Only in the Emerging World". Recode. Retrieved 2016-06-14.
  44. ^ Jóvenes Líderes (2010-11-10), Alec Oxenford, las claves para emprender con éxito, retrieved 2017-09-29
  45. ^ Fundación Innovación Bankinter (2015-02-16), Web 2.0: Olx.com, por Alec Oxenford, retrieved 2017-09-29
  46. ^ Red Innova (2014-10-09), Alec Oxenford | Red Innova Buenos Aires 2014, retrieved 2017-09-29
  47. ^ Red Innova (2015-07-23), Pablo Larguía y Alec Oxenford | Red Innova Buenos Aires 2015, retrieved 2017-09-29
  48. ^ Red Innova (2017-02-07), Alec Oxenford | Red Innova BA 2016, retrieved 2017-09-29
  49. ^ Art Basel (2016-12-14), Salon | Art Basel Cities Discussion | The Future of Buenos Aires' Cultural Landscape, retrieved 2017-09-29
  50. ^ Carlos Sanchez Saravia (2017-05-14), lanzamiento ArteBA 2017, retrieved 2017-09-29
  51. ^ "Alec Oxenford". World Economic Forum. Retrieved 2017-09-29.