Today’s 231st FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, September 25, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join.
Today’s 231st FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, September 25, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
We have a long-running Thought Leaders in Big Data series on the 1M/1M blog. We started publishing the series back in 2012. Over the last couple of years, we have featured many of the innovators in the field. Of those, today, I will introduce you to ten who I think would be interesting for you to get to know.
Let me explain why I have chosen these ones in particular.
The significant opportunities for entrepreneurship currently exist in the application layer of the Big Data industry. The platforms and plumbing are in place.
Today, the most exciting opportunities are going to be available to those entrepreneurs who harness the power of big data, but couple it with intense domain knowledge in specific areas of business.
It is not just online discount coupon site Coupons.com that is seeing their stock price fall below their list price. Market leader RetailMeNot (Nasdaq: SALE) is not faring any better—its stock is trading well below its list price from July. Recently announced disappointing results have not helped the stock either.
By Guest Author Poornima Vijayashanker
As the old adage goes, “It takes money to make money.” If your goal is to eventually build a business, then you’ll need to realize that this requires capital, and I want you to have a sense of how you can get this funding. I also think there are a lot of myths about how software products are built, and I want to present you with a number of financing options so that you can choose a realistic path forward. >>>
Sramana: What year does that bring us up to?
Tobias Bauckhage: That brings us up to 2004.
Sramana: What happened next?
Tobias Bauckhage: The moment I decided to drop my mechanical engineering studies and go to Berlin, I had a partner in crime who I had met on my very first day of engineering studies. We spent a lot of time together during that year while we studied mechanical engineering and we became soul mates. He was also very number-driven but also had a tremendous passion for films. He wanted to combine those two worlds, and I was interested in journalism and writing. >>>
Sramana Mitra: In a 30-second elevator pitch, what would be the target audience where you really shine?
Ric Leutwyler: Our target audience is the hotels that are in the limited to full-service range. They are looking for an economical approach, which they get from cloud solutions. They’re looking for the functionality that they need today but are also looking for the commitment that the functionality will evolve and keep up with the industry. That’s our sweet spot. If somebody is looking for an old and basic solution, then we’re not a good fit, because we’re very focused on evolving that platform. >>>
Sramana Mitra: In 2008, Concur was already public and quite a successful company. What did you think of the opportunity? Let’s get a bit granular because we do cover Concur very extensively. Recently, we did a story on Expensify as well. The expense reporting space has shown up on our blog from many different angles. So we have an audience that’s familiar with what you’re doing. Could you help us understand, specifically, what you would identify as the opportunity to build a new company in that space? Positioning, by the way, is a discipline that we teach and explore very extensively and very diligently. It would be interesting for us to learn how you position your products.