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 startup 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. Listen to the following 30-minute podcast interviews with some successful tech entrepreneurs who have done just that.
India Currents Magazine has a cover story on Indian digital influencers in its September issue. Sramana Mitra is their top choice. You can read the story here.
Want to discuss your strategy with Sramana Mitra? Come to a free and online 1Mby1M Mentoring Roundtable. Register here.
There are shifts happening in the world of seed investing. Some questions are emerging:
How do you process the current investment climate where capital is moving further and further upstream? How does an angel investor (or an entrepreneur, for that matter) mitigate the Series A gap? How do you parse Unicorn mania? As an angel investor, you could get buried under later stage liquidation preferences. How do you protect yourself?
Check out this comic.
B-to-C businesses are notoriously hard to monetize.
Ad rates tend to be horrible. You can’t bootstrap with ads.
Thus, investors look for businesses with traction to fund.
It may take 6, 12, 24, 36 months to get to traction.
How would you sustain that period?
Caveat: Less than 1% of the entrepreneurs who seek funding are FUNDABLE.
Come talk to me to brainstorm, strategize, weigh your options, and decide which idea to select.
Rather than reinventing the wheel as you build your startup, you should be trying to learn the lessons of those who have successfully walked the path you are on before you. Here are the startup stories of a diverse group of entrepreneurs who have all built profitable businesses. Have a listen to these approximately 30-minute podcast interviews:
Alexander Zacke, Founder and CEO of Auctionata – Discusses his online auction house business and how he has built a quintessential Web 3.0 business taking advantage of the web’s building blocks: commerce, community and content in the context of online auctions.
Allan Wille, President and CEO at Klipfolio – Talks about his long journey from a bootstrapped business to a venture funded, higher growth company with 8,000+ customers.
Watch this 50-second cartoon video.
Whether born and raised in India or of Indian descent, these successful tech entrepreneurs each brought something very special to a problem that led them to build their solutions into some very nice businesses. If you are looking for some inspiration today, especially as an Indian entrepreneur, please have a listen to these stories shared as 30-minute podcast interviews.
Vineet Jain, Founder and CEO of Egnyte – This Unicorn company is in the same space as the much-hyped Box – cloud storage and file sharing. In this discussion, we do a deep-dive on the space and how it is likely to evolve over time, including expanding into data management.
Watch this 41 second cartoon video.
A Business Model is how you monetize your value proposition.
Exit Strategy is how investors (including founders) monetize their shares.