Professional Documents
Culture Documents
Abdul Wasay PDF
Abdul Wasay PDF
ENTREPRENEURSHIP
Initial period:
The venture started from the basement of Hanif’s home with no investment other than the cost of
purchasing the domain. Both of the partners never thought they would soon be launching a
business, which in the future, would gain money from the venture. The website was launched at
the spur of the moment without any homework or brainstorming on the business model. In fact,
money wasn’t even part of the equation. Both of them wanted to add value and create a high-
quality community.
Growth:
A modest amount of money was spent on domain and hosting. Since the founders were interested
in helping out the members of Pak Wheels, they treated the small community like a family and
soon people started joining in by the numbers. In a year’s time, Pak Wheels grew to become one
of the biggest communities of Pakistan. The growth was all organic, people were coming to the
forum, asking questions, getting answers, and these satisfied users were telling their colleagues
and friends to join the Pak Wheels Forums too. Facebook and any other social network were non-
existent at that time (2003-4). When the traffic soared, money also started coming in through
different sources mainly advertisements but as the website started to grow, the work requirements
grew right along with it, this was when the challenge began for the limited team. Hanif needed
help to manage the rapidly growing community. It was December 2008, there was a young startup
founder in Lahore, Raza Saeed, who was working on his services company Confiz, Raza Saeed
knew that internet population of Pakistan, no matter whatever the growth rate is, will eventually
grow and this venture can become more relevant at that time. It wouldn’t be just to say that Raza
had luck on his side, it was his foresightedness that led him to believe that in the upcoming years,
this venture could turn out to be useful for many Pakistanis. Raza along with his friend, Suneel
Sarfraz, invested in and acquired a major chunk of Pak Wheels right away. The offices shifted
from Karachi to Lahore, Raza took the lead and in the upcoming years Pak Wheels went on to
become one of the biggest independently curated communities on Pakistan Internet.