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Posts Tagged ‘Manta’

One in four small business owners work with their significant other

Friday, February 15th, 2013

MantaSmall business owners are mixing business with pleasure. The survey of more than 1,100 small business owners shows one in four work with their significant other and nearly 60 percent say they would recommend it. In fact, one-third of those polled  by Manta, an online small business community, say their family life and relationships have actually improved as a result of owning their business.

Unfortunately, that hasn’t extended into the bedroom. SMBs rank their sex life last in the areas of their life that have gotten better with business, saying their business and personal relationships are of higher importance.

While small business owners’ sex life may be taking a hit, their personal relationships are thriving. Sixty percent of the small business owners polled are married — nearly 10 percent higher than the national average.

Relationships are a high priority

Moreover, SMBs keep their relationships high on their list of priorities — 87 percent value their personal relationships as much or more than their business and an overwhelming majority (80 percent) rank friends and family as the most important part of their life (above their business). Coincidentally, couples who own a small business together say they argue most about work/life balance even more so than money, employee issues and hiring.

“For small business owners, relationships mean everything — it’s personal for them and that extends into the way they do business and who they bring into their business,” said Pamela Springer, CEO of Manta. ”

“Not many people have the opportunity to work with their significant other. Because I devote so much time to my business, I feel lucky that I’m able to do it with the person I love and trust the most,” said Tony Lavoie of SAMEDAY CRITICAL, a company that provides medical courier and delivery services based in Dublin, Ohio.

Online small business marketing site Manta nabs $44M in backing

Tuesday, April 3rd, 2012

MantaColumbus, Ohio-based Manta, which says it is the largest online community dedicated entirely to small business, has received a $44 million minority equity investment from Norwest Venture Partners (NVP), a global investment firm.

Manta has built the leading online community that more than 89 million small business owners are leveraging to improve their online presence, gain increased visibility with customers and prospects and ultimately increase sales.

While we don’t report a lot of funding stories these days, we pick a couple a week we think will be of interest to TechJournal readers, particularly those focused on small business or digital commerce.

Manta enables small business owners to create, manage and share their online identities, promote their companies, products and services, build and engage with an extensive network and access shared knowledge and insights.

“Manta provides a one-of-a-kind online community for small businesses and the company’s remarkable growth speaks to the clear demand for its unique value proposition,” said Jon Kossow, general partner, NVP.

“Manta is the de facto platform for small businesses to connect with customers and each other, as evidenced by the company’s more than 25 million unique monthly visitors and over 3,000 business owners joining the community daily.”

“Our investment in Manta is in line with NVP’s strategy to invest in profitable, rapidly growing business leaders,” said David Su, vice president, NVP. “The $40B+ addressable market in which Manta plays is immense, and the company continues to grow rapidly as small businesses look to expand their online presence.”

“Our investors share Manta’s commitment to helping small businesses grow, and NVP’s support will allow us to stay focused on delivering the most powerful online community for these businesses,” said Pamela Springer, CEO of Manta. “Eighty percent of U.S. businesses have fewer than nine employees and we will continue executing our vision for meeting the unique needs of this important market.”

With this investment, NVP’s Jon Kossow and David Su have joined Manta’s board of directors. The board includes directors from existing shareholders, Athenian Venture Partners and Reservoir Venture Partners, who have supported Manta in its growth to date and will continue their support going forward.