Eytan Wiener, was the Chief Operating Officer and Co-founder of Quantum Networks, an online retail agency for global brands, and played an integral role in the company since its inception. Wiener oversaw the company's expansion from a startup in 2008 to a multimillion-dollar company in 2014. His oversight gained the company a 4,566% increase in revenue, a rise deemed unprecedented in the industry, making the INC 500 list three years in a row. Without any prior professional experience in the tech or online industries, Wiener has skillfully deciphered and mastered the e-commerce space to help create and maintain a revolutionary company dedicated to bringing next generation of technology to the masses.
Wiener also co-founded the Prosper Show, the largest and most renowned Amazon Seller Show, in 2016 with key industry leaders James Thomson, a former Amazon executive, Joseph Hansen, founder of leading Amazon agency Buy Box Experts, and Chad Rubin, founder of Skubana.
Both of Mr. Wiener's ventures were successfully sold to publicly traded companies: Quantum to Advantage Solutions (ADV NASDAQ) in 2020, and Prosper Show to Emerald Expositions (NYSE: EEX ) in 2018.
For more than a decade, Mr. Wiener has created an industry-wide awareness of the discrepancies that occur during the lifecycle of inventory sent by sellers to Amazon's fulfillment centers. Dissatisfied with both his solutions, as well as those of other providers, Wiener utilized GETIDA and discovered that they made the deepest impact in maximizing financial recovery for his company. GETIDA's solution significantly affected his company's bottom-line profit, thereby increasing the total value of the sale price, contributing to
Wiener's successful exit.
Wiener led a private investment round in GETIDA in early 2021 and is now the CEO of the company.
In this episode…As an Amazon seller, how can you earn reimbursements for missing items? Is there a way to turn around lost profits to achieve a more successful exit?
Buying and selling an Amazon business comes down to prioritizing maximum profitability. Many businesses and investors are looking to purchase a brand that they can scale up, and they want assurance that their products and funds are properly accounted for. Eytan Wiener understands the importance of keeping track of data points in your business. From bank statements to inventory management, it all matters when approaching Amazon for reconciliation on dispersed inventory. As Eytan says, identifying these discrepancies and seeking reimbursements from Amazon is the key to making your business more valuable and achieving a greater exit.
In this episode of the Quiet Light Podcast, Joe Valley sits down with Eytan Wiener, the CEO of GETIDA, to discuss how seeking reimbursements from Amazon can boost the value of your business. Together, they discuss the big picture of revenue growth, the importance of identifying discrepancies on Amazon, and how to turn a negative into a positive to scale and exit your business. Stay tuned.