Andale CEO Named one of top 10 Execs!
May 14, 2001
The e.biz 25

Munjal M. Shah
CEO, Andale Inc.

When Munjal M. Shah launched Andale Inc. in November, 1999, he dared – horrors! – to charge his customers real money. But the strategy has paid off for the Mountain View (Calif.) company, which provides services that help small businesses quickly list and track auctions they hold on sites such as eBay. Andale has left most rivals in the dust by capturing some 900,000 customers, who pay a 3% fee on their take from each finished auction.

"The days of charity Internet companies are over," says Shah, Andale's CEO, a 27-year-old former e-commerce manager at Baan and IBM who knew he wanted to be an entrepreneur as a child growing up in Silicon Valley. Andale's streamlining of the auction process has helped to kick off an online renaissance of small businesses, many of which couldn't afford to run businesses in the physical world. Next up: a new product to help these businesses create their own independent Web storefronts.

Full Story:   http://www.businessweek.com/magazine/content/01_20/b3732696.htm