The Rise, Fall, and Resilience of Autoweb: A Story of True Grit
“Payam and Frank Zamani had just $75 in their pockets when they started Autoweb, a lead generation business in the auto industry. They grew their company and at one point were valued at $1.2 billion,” shares Sam Thompson a business broker and the president of M&A firm Transitions In Business. “Their business turned for the worse in this very inspiring story that has many lessons to be learned when operating a business”
This week we’re bringing you an extraordinary story of resilience and determination as we delve into the lives of Payam and Frank Zamani. Starting their American dream with a mere $75, the brothers embarked on a venture that led to the founding of Autoweb, a groundbreaking lead generation service in the auto industry.
Autoweb’s journey to success reached its zenith with an IPO that valued the company at an astonishing $1.2 billion, with shares peaking at $50. However, the narrative took a dramatic turn as investor demand for a new CEO led to a steep decline, plummeting the share price to a mere 18 cents.
Through the turbulence, Payam Zamani’s story unfolds as one of unwavering spirit and the relentless pursuit of a vision despite formidable challenges.
Tune in to hear how Payam navigated the highs and the heartbreaking lows of Autoweb’s saga as he offers a treasure trove of lessons for capitalists.