A BLOG about cars — started by a 21-year-old in the spare bedroom of his parents’ Brisbane home 10 years ago — was acquired last month by Channel Nine for a staggering $35 million.
Eventually, it grew into a full-blown website called Car Advice, employing close to 40 staff with an estimated turnover of $15 million a year.
The founder and largest shareholder — with approximately a 25 per cent share of the business — is Alborz Fallah, who came to Australia from Iran aged nine.
Car Advice’s current CEO is Andrew Beecher, the former head of marketing at carsales.com.au.
One of the original investors in the business was Simon Baker, the former CEO of realestate.com.au.
Congrats to Alborz for doing what he LOVES and turning it into a THRIVING business!