1Mby1M Founder Sramana Mitra wants entrepreneurs to not waste their time and money.
The waste stems from a widespread misunderstanding of how investors think.
Over 99% of founders chase funding before they are fundable.
Here, Sramana teaches how to build with customer money (otherwise known as revenue) until a startup reaches that fundable stage.
Once fundable, a startup can go to investors like a king, not a beggar.
Today’s 585th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, August 11, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
Today’s 585th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 20 minutes, on Thursday, August 11, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
As sales efforts become more and more digital, companies are switching over to various digital marketing tools to support their sales teams. According to a recent report, inbound marketing costs $14 less per newly acquired customer than traditional marketing tools. Marketers also believe that inbound marketing helps double the average site conversion rate from 6% to 12%. Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its second-quarter results that continued to surpass market expectations. HubSpot is working on adding capabilities to its products and app marketplace to make its inbound marketing services even more effective.>>>
Cameron Kramlich, General Partner at Angelneers, offers a rare perspective in support of solo entrepreneurs.>>>
Carl discusses Grain’s FinTech innovation, and also some of the unique ways in which his company has been financed. Excellent conversation.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Grain.>>>
We’ve seen some excellent European companies make successful transitions into becoming global software companies. MP Objects CEO Martin Verwijmeren shares an excellent and inspiring story for European startups to emulate.
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?
Martin Verwijmeren: I’m from the Netherlands but living in Boston these days. Before moving to Boston, I lived in Amsterdam. I was working for our European headquarters in Rotterdam. Nowadays, I’m working from our US headquarters in Boston.
The current economic conditions are sparing no one. Earlier last week, Facebook (Nasdaq: META) announced its second quarter results that missed all market expectations. The company also provided a weaker outlook, attributing it to market conditions and continued investment in its growth areas.>>>
Sramana Mitra: You mentioned earlier that the Indian startup boom has happened in two cities – Bangalore and Delhi NCR. We’ve had a lot of success in Chennai as well. Some of the bigger successes came out of Chennai. What are you seeing in other places?
We are seeing companies coming out of Chandigarh and many other places. That’s part of the vision of One Million by One Million – to enable not only all corners of India but all corners of the world. We have companies from Tanzania. We have companies from Chandigarh. I’m from Calcutta, so I’ve always had a soft corner for Calcutta. It is a different India. It is a different world. How is that impacting the startup ecosystem?>>>