I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Basque Hermitage, Awe
Basque Hermitage, Awe | Sramana Mitra, 2018 | Watercolor, Pastel, Brush Pen | 9 x 12, On Paper
Booksy CEO Stefan Batory started a software development company in Poland with a few other partners. Today, he’s running a high-growth, VC-funded SaaS + marketplace business in the US. Awesome journey!
Sramana Mitra: Let’s go back to the very beginning of your journey. Tell us where you’re from, where you were born, raised, and in what kind of background.
Stefan Batory: I’m from Warsaw, Poland. I was born and raised in one of the poorest parts of the country. I got a scholarship and went to a high school here in the US back in 1994.
Digital first supporter engagement tools are increasingly becoming a necessity for nonprofits, especially to engage younger supporters. Winner of the 1Mby1M-Blackbaud Social Good Startup Challenge, The Tuesday Company has built a supporter engagement platform called Team to help nonprofits activate volunteers, grow membership, and raise money through the power of friend-to-friend outreach and digital organizing. The current state of pandemic has injected an acute urgency to its clients who have gone from seeing digital first supporter engagement and Team as something they should implement to something they must implement now.>>>
Sramana Mitra: It’s so disheartening to see all these great businesses go through a Death by Overfunding. I’ve written extensively about this.
Mike Salguero: What’s funny is with this business, we haven’t raised any money. We are way bigger and way more successful. So much of the success and where we are right now is because we didn’t raise money.>>>
Sramana Mitra: Are you talking about the category that Outbrain and Taboola have been in?
Peyman Nilforoush: They are the ad networks.
Sramana Mitra: They were in the business of propagating and pushing content.>>>
Entrepreneurs are invited to the 479th FREE online 1Mby1M mentoring roundtable on Thursday, April 2, 2020, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to 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. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!
Sramana Mitra: What were the business metrics with that $500,000 and with that $1.2 million? How was the business moving?
Mike Salguero: When we first bought the website, it was a subscription business where the maker would pay an annual fee to be on the website. We scaled it pretty well. We had a whole team of salespeople and had all these leads.>>>
In case you missed it, you can listen to the recording here:
This morning, we had an excellent roundtable discussing businesses from around the world.
First, we had as our guest Shruti Gandhi, General Partner and Founding Engineer, Array Ventures, a fund focused on deep tech, enterprise-facing ventures.
As for entrepreneur pitches, we started with Nishanth Singh from Troy, Michigan, pitching Edfone, an EdTech venture. We advised Nishanth to focus on B-to-B.