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MFG.com Raises $26Million From Fidelity Ventures, Goes After Alibaba
http://www.techcrunch.com/2008/01/08/mfgcom-raises-26-millio...
Submitted by
epicenterforums
22 months, 4 weeks, 23 hours agoYou can find nearly $50 million worth of requests for manufacturing quotes per day on the site, complete with CAD diagrams and other specifications. Manufacturers bid on the requests. MFG.com makes money by selling yearly subscriptions of several thousand dollars each to suppliers who want access to MFG.com’s community of purchasing mangers and engineers at buying companies (who get to use the site for for no charge). Free learned that in the manufacturing world suppliers are much more willing to pay a flat fee than to give a cut of each transaction.
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