I love when data for my research arrives in my email inbox. Thank you Sramana Mitra, Jeff Nobbs of Extrabux, and USC!:
Sramana: Jeff, let’s start with the beginning of your story. Where are you from? What are the circumstances that led up to the Extrabux story?
Jeff Nobbs: I am from San Diego. I was born in Northern California and spent two months there before I decided it wasn’t for me! I grew up in San Diego and went to college at USC in Los Angeles. While I was at USC, I started Extrabux with my co-founder, Noah, a guy who lived two doors down from me in the dorms. We started it as a side project while we were at school, and it stayed that way for a few years.
Our junior year we entered Extrabux into our university’s business plan competition. We ended up winning the USC business plan competition and we got $25,000. That was the first stamp of credibility that we received and the first bit of money that we got to start building our team.