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Master Boostrapper with a Billion Plus in Exits: Bhavin Turakhia, CEO of Directi (Part 1)

Posted on Monday, Apr 24th 2017

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Bhavin and his brother Divyank have bootstrapped Directi, a portfolio of Internet businesses over the last ~20 years. In 2014, they had their first $160 million exit. In 2016, they had a second $900 million exit. It’s a very interesting story of masterful business acumen and disciplined fundamentals-driven execution. Not a penny of external financing involved, by the way.

Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and in what kind of background?

Bhavin Turakhia: I was born and raised in Mumbai. My parents are originally from there. I went to school there. In many ways, the seeds for my entrepreneurship career were largely sown there. I remember in 1989, I was in the sixth grade when the school installed their very first computer room. I’m talking >>>

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Do You HAVE to Raise Venture Capital to Build a Large Company and a Big Fortune?

Posted on Monday, Apr 24th 2017

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There’s a GIGANTIC myth in the startup ecosystem.

Go BIG Or Go HOME!

Raise GOBS of Venture Capital.

Otherwise, you can’t build anything big.

It’s GIGANTIC Bullshit!

Watch this inspiring 2 minute 09 second video and learn how the Turakhia brothers have created over a billion dollars of personal wealth through significant exits without raising any venture capital:


>>>

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Billion Dollar Unicorns: C3 IoT Joins the Club

Posted on Monday, Apr 24th 2017

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According to a recent report by ReportsnReports, the worldwide market for Internet of Things (IoT) was worth $16.3 billion in 2016. Touted to be the next Industrial Revolution, the IoT market is expected to reach $185.9 billion in 2023. C3 IoT, a market leader in the space, has recently joined the Billion Dollar Unicorn Club.

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Scaling a Fast Growth, Venture-Funded Company: Rephael Sweary, Co-Founder and President of WalkMe (Part 1)

Posted on Monday, Apr 24th 2017

WalkMe’s vision is to make software understand humans, rather than the other way around. Rephael discusses the growth story of a company that is driving significant innovation in mobile and web user engagement.

Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and in what kind of background?

Rephael Sweary: I was born in Tel Aviv and grew up in Tel Aviv. I was an entrepreneur at a very early age. In elementary school, I >>>

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Catching Up On Readings: March for Science

Posted on Sunday, Apr 23rd 2017

The March for Science was organized in Washington on Saturday after the Trump administration started implementing steep budget cuts to federal science agencies such as the Environmental Protection Agency and the National Institutes of Health. This feature from Tech Crunch looks at why tech workers showed up to March for Science. For this week’s posts, click on the paragraph links. >>>

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Bootstrap First to $10 Million from Australia, Raise $25 Million Later from the US: Ashik Ahmed, CEO of Deputy (Part 7)

Posted on Sunday, Apr 23rd 2017

Sramana Mitra: Where did you choose to raise your $25 million financing from? In Australia?

Ashik Ahmed: Funny story was that every morning, we’d wake up and there’d be an email from some VC. I wanted to focus on growing the business as opposed to getting interested in VCs. In mid-2006, we realized that our product has product-market fit. We have saturated the partnership model but we’re limited by how much our partners are getting. We need to grow the business.

The other thing was, even though we didn’t plan for it, something unreal happened. All of a sudden, we have enterprises with >>>

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Capital Efficient Entrepreneurship from Arizona: Heidi Jannenga, Co-Founder of WebPT (Part 7)

Posted on Sunday, Apr 23rd 2017

Sramana Mitra: What do you fantasize about? Are you now trying to take the company public or do you want to do some sort of an acquisition? Now that you have private equity in there, you have to do exit.

Heidi Jannenga: Yes, we have to do exit, but that was one of the other things that we love about Battery. They are patient investors. They don’t have a playbook of three to five years. Their average is quite a bit higher than your average PE firm. We are thinking about opportunities for exit. We fantasize about being a hundred million dollar company by 2020.

We’re going to have 50% market share. We’re going to grow through acquisition. Inevitably, what we think is most likely going to happen as an exit for WebPT is one of two things. One, we are going to be the platform company in which Battery brings on, through acquisitions, other disciplines so that we become more >>>

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Bootstrap First to $10 Million from Australia, Raise $25 Million Later from the US: Ashik Ahmed, CEO of Deputy (Part 6)

Posted on Saturday, Apr 22nd 2017

Sramana Mitra: When did you start the Gusto partnership?

Ashik Ahmed: That was between late 2013 and early 2014.

Sramana Mitra: How much did you do in 2014? How would you attribute that to Xero, Gusto, and your direct selling efforts?

Ashik Ahmed: The challenge with partnerships is that, at the start, you get a very good escalator. But then you reach an altitude where you can’t go any higher because you’ve have milked every customer from that partnership. At that stage, we were definitely >>>

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