The dotcom boom fuelled some dream projects for Shahriar Shahabi before the bubble burst at the turn of the century.
The Iranian-Canadian raised millions of dollars for his web-based ventures and sold them at a profit.
When the boom ended, he travelled the world for three years, doing nothing.
"That's one of the luxuries of having money," Mr Shahabi says, sitting at the high table with a cup of coffee at the cafeteria of his new office space in one of Dubai's corporate towers.
From his windowless, one-room office he runs a new company, Big Brand Media, with three 20-something team members. The company's first venture Ezeliving.com produces video clips on subjects such as lifestyle and health for its web TV.
The two-to-four-minute videos offer a two-way communication, market a product or service for companies, and engage consumers by focusing on value. "Advertisements on the Web do not work," Mr Shahabi says.
"But storytelling on the Web does sell, and consumers believe a third party, and we will get the community involved."
Web-based platforms such as Mr Shahabi's are set for good viewing results as analysts expect the UAE to become a hub for internet-based enterprises.
A report last year from Dubai Internet City and the consultancy Frost & Sullivan said 185 similar ventures would launch from the Emirates each year until 2015.
Big Brand Media targets small to medium enterprises as its clients and three-quarters of their 25 clients are SMEs.
"The Web is so big now and expensive that for SMEs to become visible on web would cost them thousands of dollars, and even multinational companies don't get it," Mr Shahabi, 42, says.
His company has signed up with five hospitals in Dubai Health Care City as well as NMC Hospital. It does weekly shows for its Ezehealth channel. For NMC, it has produced videos on issues such as cataracts, cervical cancer and glaucoma.
"It is a great way for us to connect our super specialists to our patients and potential patients [and] it is a form of 'pull' marketing where patients seek information about us as opposed to the conventional and more intrusive 'push' marketing, such as advertisements," says Nirman Shetty, the president of corporate affairs at NMC Healthcare.
Mr Shetty says one of the key elements to such exposure is to get more content that will drive more visitors that, in turn, will drive more content.
Ezeliving.com has widened its scope by identifying eight topics on which the website features its videos - automobile, gadgets, food, fashion, travel, glamour, decor and health.
Mr Shahabi's clients, such as the hospitals, pay Dh3,500 per episode for a year, which are free for people to view. The Ezeliving.com team does the shooting, editing and uploading on the Web, besides guaranteeing 50,000 to 100,000 web views in 30 days.
It has already signed up Paris Gallery for its glamour channel, Choithram Supermarket and Department Store for its food channel, and National Paints for its decor section. And it is looking to partner a gym for its fitness channel and airlines for its travel section.
The number of unique visitors to the site has gone up to 2.3 million, with 1.3 million from the Emirates alone, since its commercial launch in January.
So far Mr Shahabi has invested Dh350,000 in the ventures and says bookings have amounted to Dh1 million since then.
He wants Big Brand Media to be a Dh10m company in two years, and to roll out a franchise model.
The company will have a presence in 10 major cities - such as New York, London, Shanghai, Singapore and Cairo.
He is also looking for an investment of US$5m by the end of this year.
With the funding, Mr Shahabi wants to hire journalists and broadcasters to the team.
As a serial entrepreneur who enjoys Dubai's high living standards, he wants to see the evolution of a more entrepreneur-friendly environment.
"We have to create a culture of risk-taking [with] no fear of failure," he says. "We have to move from the culture of consumerism to creationism."
ssahoo@thenational.ae
The specs
Engine: 2.4-litre 4-cylinder
Transmission: CVT auto
Power: 181bhp
Torque: 244Nm
Price: Dh122,900
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY%20PROFILE
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Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
The%20specs
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
- Upper Bowl Premium - Dh395
- Upper Bowl standard - Dh295
Five expert hiking tips
- Always check the weather forecast before setting off
- Make sure you have plenty of water
- Set off early to avoid sudden weather changes in the afternoon
- Wear appropriate clothing and footwear
- Take your litter home with you
Company%20Profile
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
The%20specs
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
RESULTS FOR STAGE 4
Stage 4 Dubai to Hatta, 197 km, Road race.
Overall leader Primoz Roglic SLO (Team Jumbo - Visma)
Stage winners: 1. Caleb Ewan AUS (Lotto - Soudal) 2. Matteo Moschetti ITA (Trek - Segafredo) 3. Primoz Roglic SLO (Team Jumbo - Visma)
LIVING IN...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.