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Paul Raden - Full Interview In this issue we speak to alumnus Paul Raden, (WG'89), whose company, Ecount, has adapted and thrived despite operational, technological and global economic changes. In fact, Raden explains, nimbleness is a core tenant of the companys culture. This year Raden and his colleagues were rewarded for their success when Citi acquired Ecount which is now known as Citi Prepaid Services.
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Paul Raden on Starting Ecount "We started making smart decisions after years of making bad decisions... we quickly morphed to this business-to-business model." - Wharton 1989 MBA Alumnus and co-founder of Ecount, Paul Raden, learned that adapting, evolving and improving his business plan over time could lead to fortuitous even when the future seems bleak. Ecount went on to secure $14 million in venture funding and to be acquired by Citi.
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Paul Raden - Merging with Citi "The fact that everyone walked out of the room knowing they were going to make money was a huge win." - Alumnus and co-founder of Ecount, Paul Raden, did all he could to ensure that his employees were also rewarded when the company was acquired by Citi.
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What Wharton Means to Paul Raden "Wharton means a lot to me. You meet people from different countries, different cultures, different mindsets. You feel like you can conquer the world." - For alumnus and co-founder of Ecount, Paul Raden, the diverse and mind expanding Wharton experience became a defining moment that helped set the stage for his entrepreneurial success.
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In the late summer of 2008, we traveled to the offices of Ecount to speak with its co-founder, Wharton alumnus Paul Raden (WG'89). The company has adapted and thrived despite operational, technological and global economic changes. In fact, Raden explains, nimbleness is a core tenant of the company’s culture. This year Raden and his colleagues were rewarded for their success when Citi acquired Ecount which is now known as Citi Prepaid Services.
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September, 2009
Julian Brodsky W'56
Co-founder, Comcast Corp.
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June, 2009
Joseph Ansanelli W'92
Founder, Vontu Inc.
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April, 2009
Anne-Marie Corner WG'89
Founder, Biosyn
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November, 2008
Paul Raden WG'89
Co-founder, Ecount (Citi Prepaid Services)
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October, 2008
Fred Wilson WG'86
Co-founder, Union Square Ventures
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May, 2008
Aydin Senkut WG'96
Founder, Felicis Ventures
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