I got meetings with investors because of my past and reputation as an entrepreneur. But when I mentioned the word eCommerce, often the meeting ended. They would stare at their watch and say they’ve got another meeting.Stephan Schambach
Stephan Schambach grew up in East Germany during the Cold War.
He experienced oppression and thought control first-hand and often thought of fleeing the country like so many others.
But you know what? He didn’t.
Instead, he absorbed himself in a growing hobby of his: building cloned computers.
That hobby grew into a profitable side hustle and as soon as the wall came down, that side hustle became a full-blown business. A business, named Internshop, that what go on to develop the first standard software for online shopping. Helping to create in a new way for consumers to shop.
As you’ll hear, Stephan is an eternal operator. And even though he found early success with his company Internshop he quit to launch a new, cloud-based eCommerce company named Demandware.
And after a successful acquisition by Salesforce (for more than $2 billion) he launched yet another retail disrupting company, NewStore.
Seriously, Stephan is a true innovator who has worked tirelessly for more than two decades to to push the boundaries of conventional retail. If NewStore is any indication of the future of retail, you and I are in for a surreal experience.
On This Episode
- What led Stephan to quit his role as CEO of Intershop
- How NewStore is changing the retail game
- What he believes is the future of retail