Thinking about Business Development

TransFS.com: My next adventure

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I am happy to report that I am joining forces with fellow Chicago Booth guys Sean Harper and Joshua Krall to help build TransFS. TransFS is a comparison shopping engine for small business financial services that will help small businesses save a lot of money on things like credit card processing and health insurance. TransFS is currently focused on credit card processing but we plan to launch additional products in the coming months. I will be serving as Co-Founder and COO (i.e. leading marketing, operations and sales efforts).

I am very exciting about TransFS. I believe we are in a position to revolutionize some very inefficient processes and also save small businesses a lot of money in the process. Building a business to help small businesses is something I have had on my to do list for a while. Long time readers may assume that is because I have worked in the startup arena and as a VC along with building up TECH cocktail (TC, of course, has a large focus on helping small technology companies) but there is more to it.

I grew up in a household that was sustained, and prospered, due to a small business. A small business put me through college and gave me all of the opportunity in the world. Watching my parents grow their business also instilled in me the values and the drive needed to be an entrepreneur. TransFS is a way for me to both build a business with an incredible team while also helping small businesses succeed. Doing well by doing good. I really couldn’t ask for more.

This is going to be a wild ride but I believe that we are on to something and that we are going to be able to build an incredible company. Here’s to the roller coaster ride that is entrepreneurship. I am happy to be back on it.

Written by Eric Olson

June 15th, 2009 at 8:57 am

7 Responses to 'TransFS.com: My next adventure'

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  1. Eric-

    I’m pumped for you to be diving back in. I wondered how long it would be. TransFS sounds like a solid arena to add value too.

    I look forward to catching up and getting the details!

    Best of luck.
    Cheers,
    Ryan

    Ryan Graves

    15 Jun 09 at 10:02 am

  2. nice. know you’ll knock it out of the park.

    JP

    15 Jun 09 at 10:22 am

  3. Josh and I are *super* excited to have you on the team Eric!

    Sean Harper

    15 Jun 09 at 12:56 pm

  4. Eric :

    Wish you all good luck with transFS.

    Being in financial services, curious to know the business plan around card processing.

    Regards,
    Raminder

    Raminder Gujral

    16 Jun 09 at 4:30 am

  5. That is exciting news, best of luck to the three of you!

    Jeff Judge

    16 Jun 09 at 11:49 am

  6. Absolutely. Let me know if you want to get together sometime soon.

    Eric Olson

    16 Jun 09 at 3:10 pm

  7. I am sending you a mail on this.

    Raminder

    Raminder Gujral

    19 Jun 09 at 5:26 am

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