Thibaud Hug de Larauze is a French businessman and entrepreneur. He is the chief executive officer of a company called Back Market. Mr. de Larauze has built the startup up and helped it to gain traction in the marketing industry with relevant products that put it on the radar of investors and enterprises that could benefit from the products and services it provides. He is in an exceptionally good position, career-wise. He stands as a solid example of how young entrepreneurs can make their dreams come true. For your enjoyment and inspiration, here are 10 things about Thibaud Hug de Larauze that you probably didn't know, but might find useful.
1. Thibaud Hug de Larauze is also part-owner of Back Market
According to F6S, Mr. de Larauze is not only the CEO of Back Market, but he is also a co-founder of the company. He and his partner took their ideas to the next level and put them to work in the form of a business that provides their clients with marketing solutions. The company specializes in providing an online environment for marketing refurbished electronics.
2. He is a serial entrepreneur
Thibaud Hug de Larauze is on his second company currently. He also co-founded another company that is called Jung. Jung is n online marketplace for refurbished electronics, like Back Market. He and his partner Quentin Le Brouster went together on the venture to launch a site where people could buy and sell electronics that have been refurbished.
3. de Larauze is a curious and driven leader
One of the personality traits that Thibaud Hug de Laurauze possesses that has helped him to achieve success in the business world is his curiosity. He enjoys building things and he also likes working with his co-founder. He is challenge-driven and if there is a task in front of him that needs completion, he has a strong drive to tackle the challenge and see it through to completion.
4. He is highly educated
According to Thibaud's LinkedIn profile, He is a highly educated professional. He began his academic career in 2007. He enrolled in the International Relations and Affairs program of study at Universidad de Monterrey. He graduated with his bachelor's degree in 2008. In 2006, he attended the IESEG School of Management and attended through 2011. He studied in the Entrepreneurship studies program, earning his Master II International Negociation degree in 2011. He also attended the International Management Institute in 2010, earning his MBA degree. He has a strong academic foundation.
5. He worked his way through college
During the years that Mr. de Larauze was enrolled in college classes, he also worked to help support himself. He was a very busy person, but he is also a strong multi-tasker. From September of 2005 through June of 2006, he worked as a Baccalaurreat Scientifique for Lycee Francais de Toronto. He served at the Toronto-based organization for 10 months.
6. Thibaud worked for Devanly Lacoste
In 2010, Mr. de Larauze took a job as a logistic export assistant. He worked for Devanlay Lacoste, butt the employment only lasted for not quite a year. He was concurrently working towards his master's degree and maintained a quite rigorous schedule of study and work. he also worked as a European positioning consultant for the company from July of 2011 through December of the same year at its locations in Paris and Spain. A part of his job was to evaluate the distribution channels in Spain, based on field evaluations and sales statistics.
7. He was inspired by his job at Neteven
Thibaud left Lacoste and took a job as an account manager for the Neteven company in January of 2012. He was responsible for coordinating multi-channel distribution projects throughout European marketplaces. While there, he was involved with the acquisition of a new client and he participated in the activation process of the distribution. He also provided analysis of web, commercial and logistic needs along with the best solutions. He learned a lot about the business in the 2 years and 7 months he was with the company. The experience gave him some great ideas for starting his own company, which would become a competitor. He left Neteven in July of 2014 to pursue other business opportunities.
8. Thibaud has been with Back Market for more than 6 years
After leaving Neteven, Thibaud Hug de Larauze and his partner launched their enterprise called Back Market. The company was established in 2014 in Paris, France. He stepped up to the plate as the CEO of the business and has served in that capacity for the past 6 years and 10 months.
9. He is a skilled negotiator
Thibaud Hug de Larauze is good at making pitches and selling his ideas to investors. According to Techcrunch, he and his partner have secured millions in funding for their new startup Back Market. The online marketplace for refurbished electronics is thriving and investors have high confidence in the company's ability to deliver a good return on investments. The most recent round of funding was a Series D venture capital round that was led by General Atlantic, along with several other investors. The round raised an additional $335 million for the growth and expansion of Back Market.
10. He is a billionaire
Thibaud Hug de Larauze is the part-owner of a multi-billion dollar unicorn. After the most recent round of fundraising, Back Market was valued at an astronomical worth of $3.2 billion. This takes it well over the required $1 billion to qualify for unicorn status. The business serves more than 5 million customers around the globe. The new funding is earmarked for expanding Back Market into yet more markets. This may just be the beginning, and it has made Mr. de Larauze a multi-billionaire. It will be interesting to see how he fares in the next 12 months. If investor opinion is any guide, we expect Thibaud to continue to thrive in his chosen profession.
Written by Allen Lee
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