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A Pilot’s Heroic Journey: Jonny Nicol, CEO of Stratajet (Part 2)

Posted on Tuesday, Feb 21st 2017

Sramana Mitra: I’m interested in success from a financial point of view. What kind of revenues were you able to generate with that company and what happened to it?

Jonny Nicol: In the first month, revenues were $100. In month 11, it was $238,000. I actually disagree that you measure the success of a company solely by its revenues.

Sramana Mitra: From One Million by One Million perspective, we are trying to build businesses. The way we evaluate businesses or study businesses is based on revenue growth and growth metrics. You can have whatever belief system you have, but the reason we are doing your story is we care about how you grew your revenues. How long did it take you to reach $1 million in revenue with the first company? >>>

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Thursday, February 23 – 341st 1M/1M Mentoring Roundtable for Entrepreneurs

Posted on Tuesday, Feb 21st 2017

Entrepreneurs are invited to the 341st FREE online 1M/1M roundtable mentoring session on Thursday, February 23, 2017, at 8 a.m. PST/11 a.m. EST/9:30 p.m. India IST.

If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.

You can learn more here and register to pitch or attend here. Please share with any entrepreneurs in your circle who may be interested. All are welcome!

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Billion Dollar Unicorns: Huochebang is the Uber of Trucks in China

Posted on Tuesday, Feb 21st 2017

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According to a report by Transparency Market Research, the global logistics market is expected to grow 7.5% annually from $8.1 trillion in 2015 to $15.5 trillion by 2023. The report believes that roadways will continue to be the most favored mode of logistic transport in terms of revenues. In recent years, China has been the biggest contributor to growth due to the growing presence of a large manufacturing base. A separate report pegs the Chinese logistics industry to be worth $1.6 trillion in 2016. That has spurred the entry of Truck Alliance Inc., known in China as Huochebang, to become the latest Billion Dollar Unicorn entrant in the region.

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From Solo Entrepreneur to $65 Million in Revenue: Brazilian Entrepreneur Daniel Scandian, CEO of Madeira Madeira (Part 2)

Posted on Tuesday, Feb 21st 2017

Sramana Mitra: You were targeting this business to customers in North America or in Latin America?

Daniel Scandian: Only in Brazil.

Sramana Mitra: Was it Google AdWords that helped you recruit the customers? What was working in terms of marketing?

Daniel Scandian: It was 100% Google AdWords in the beginning. I had this agency that had a few years’ experience. They did a turnkey project where they got a commission >>>

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A Pilot’s Heroic Journey: Jonny Nicol, CEO of Stratajet (Part 1)

Posted on Monday, Feb 20th 2017

Jonny is a pilot. He literally flew around to build Stratajet through many storms. Read his fascinating story!

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

Jonny Nicol: I was born in England near London. I went to state school. When I was a kid, I decided that I wanted to be a fighter pilot. I dedicated my life to that. I did three operations when I was in the military. I ended up coming back to the UK when I was about 26 years old. I decided I had enough of the military. I was in touch with a friend who had an idea for a staffing agency. The idea was that this industry that had always functioned with filing cabinets can >>>

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Can You Build a Great Tech Company From Outside Silicon Valley?

Posted on Monday, Feb 20th 2017

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Let’s say you want to build a great tech company. Should you start by moving to Silicon Valley? Or, can you do it from right where you are, right from your own hometown?

I suggest start validating your idea and building from right where you are. Today, it is no longer necessary for ambitious entrepreneurs to be in Silicon Valley. Great tech companies, even billion dollar Unicorns, can be built from anywhere.

Today, Silicon Valley outsiders can knock over their Silicon Valley competition with proper knowledge, precise strategy. Knowledge will always win over location.

This 1 minute 34 second video proves my point. Have a look.


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2017 IPO Prospects: Qualtrics Looks Robust

Posted on Monday, Feb 20th 2017

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According to the CB Insights’ Fifth Annual Tech IPO Pipeline Report, there were only 14 tech IPOs in 2016 and that number is expected to rise in 2017. Heading its Top 5 IPO Prospects list is survey software unicorn Qualtrics. >>>

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From Solo Entrepreneur to $65 Million in Revenue: Brazilian Entrepreneur Daniel Scandian, CEO of Madeira Madeira (Part 1)

Posted on Monday, Feb 20th 2017

Daniel had fully validated his business to significant revenue before going to investors. The result is spectacular! Read on…

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

Daniel Scandian: I’m from Rio de Janeiro. I started my career a little bit different from other entrepreneurs. I was 14 years old when I started with Go Carting. My dream was to be a Formula One driver. I won the Formula 3 South America in 2001. That’s why I started late because I could get sponsors to go to GP2. I then came >>>

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