In a previous story, we showed you how Jas Grewal bootstrapped his company CareSkore with a paycheck and then got into YCombinator with a validated business. In this story, we show you the same strategy as executed by Nevin Shetty to get into TechStars.
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?
Nevin Shetty: I was born in Alabama but the first memory I have is of Saudi Arabia. I spent five years in Saudi Arabia. My dad is an aeronautical engineer. I grew up in an American compound in Riyadh and had an amazing childhood. Growing up, I remember my mom teaching English to some of the Saudi princes. >>>
This feature from VentureBeat lists 31 top IPO candidates in 2017, which have also been highlighted as IPO contenders by private company research startup CB Insights and IPO exchange traded funds (ETF) manager Renaissance Capital. For this week’s posts, click on the paragraph links. >>>
In case you missed it, you can listen to the recording here:
Entrepreneurs are invited to the 336th FREE online 1M/1M roundtable mentoring session on Thursday, January 19, 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.
Quote-to-cash SaaS player Apttus has been toying with the idea of going public for a while. In September 2016, the company made it clear that it will go public in the first half of 2017.
Sramana Mitra: Once you figured out that there was demand, how did the business ramp?
Shaul Weisband: It started running on a B2B level, which is identifying who those partners are. That partner can be a retailer who we want to work with in order to sell their gifts, or it can be a platform that has a reason to put this gifting commerce on their platform. Then we had to build a strategy of tiering based on who this would make the most sense for, how we would get to that contact, and how to position ourselves as thought leaders in that space. So we had to put all of those three components together.
Sramana Mitra: What was the first year when you actually started generating revenue off the B2B business? >>>
During this week’s roundtable, our guest Ludovic Huraux, Co-founder and CEO of Attractive World, and now Shapr, discussed his journey from conception to exit. Among his many interesting points was a specific highlight: how he raised money from 80 investors.
As for pitches, Tracey Carr from London, UK, pitched Mi Purpose, a goal setting and time management app. We discussed her positioning and business model options at length.
Sramana Mitra: Let’s switch to the 30,000-foot question. If you were advising new entrepreneurs to look for open problems in the AI deep learning space, where would you point them to?
Jack Porter: First, I’d point them to the ground zero for where the next big disruption is going to happen. When disruption for AI happens, it’s going to be in orders of magnitude bigger than anything we’ve ever seen before. It’s bigger than web or mobile. Mobile and web put a lot more people on the Internet. When they disrupted their industries, the industry itself was significantly smaller than it is today.
I was in China about a month ago. I was in Beijing and I decided to go up to the Wall for a little trip. I’m driving through rice paddies and we stop at this little >>>