Jason Olim
Jason Olim
Jason Olim was CEO and co-founder of CDNow, Inc., one of the first e-commerce companies. He has earned Entrepreneur of the Year awards from the Small Business Association, Arthur Andersen, the Greater Philadelphia Chamber of Commerceand the Greater Philadelphia Venture Group...
ability columbia company merger needs opposed outcome struggling terms unfair
I wouldn't characterize the company as struggling - that's an unfair characterization, ... The company needs cash. That's the outcome of the unanticipated termination of our merger with Columbia House, as opposed to any characteristic of the company itself, in terms of its ability to do business.
financing optimistic partner
very optimistic that we are going to find a financing partner quickly.
allow business conserve move moving quickly resources
Moving forward, we have recalibrated our business to conserve resources and allow us to move more quickly to profitability.
best course delighted given hard vertical
We have given our shareholders the best outcome, but of course it's hard to be delighted about valuations of vertical e-commerce companies.
commenting rumors
We are not commenting on any rumors of investments.
amazon competitor gross higher margins music ours
Amazon is not a competitor of ours as a music site, ... My gross margins are substantially higher than theirs. I am not at all dissatisfied at how we are doing.
both course feeling inaccurate largely market press price reflecting resolved share
I think that the share price is largely reflecting both inaccurate press and inaccurate market sentiment, and of course the liquidity of the company, ... But my feeling is that the liquidity concern, while very real, is something that will be resolved very well and very quickly.
captured sales
Historically, we have captured all of our international sales by default.
If it has the cash, its in the bag.