In this post, I want to discuss today’s news: 1M/1M Announces Partnership With Persistent; CrowdEngineering First Beneficiary, and explain the thought process behind it. It is a creative sales channel strategy that acts as alternative financing to mitigate some of the severe limitations of early stage startups. In my experience, building a marketing channel/sales channel
Menlo Park, CA, and Pune, India – January 27, 2011: One Million by One Million (1M/1M) and Persistent Systems have announced a partnership to connect entrepreneurs to customers. The 1M/1M initiative set up by Sramana Mitra has a goal to help a million entrepreneurs reach $1 million in revenue. Headquartered in Pune, India, Persistent Systems
Sramana: Have you raised any additional funds? Clate Mask: No. One of the investors who did the Series B wanted to invest more, so we allowed them to add a few more million dollars last year. We did the Series B in November, and it was a terrible time in the market.
By guest authors Irina Patterson and Candice Arnold Irina: Could you give me a quick overview of your funding initiatives? Joe: The core programs that I oversee are primarily direct business investments for products and services, process innovation, and research and development.
For entrepreneurs interested in discussing all aspects of a start-up venture, the next FREE online strategy roundtable will be held on Thursday, January 27, 2011, starting at: 11 a.m. EST/8 a.m. PST/9:30 p.m. IST. You can find more details and register here.
By Sramana Mitra and guest author Shaloo Shalini SM: What does a state portal do? RB: The state portal does basically what our national portal does, and what our product does. It offers high schools and colleges within the state a way to communicate. It also provides tools for students and parents to help students
I haven’t said all that much on Twitter thus far. The hype machine on the Internet, meanwhile, does constantly spew stuff about the microblogging service. But I will start covering Twitter once a quarter as part of our Tech Stocks coverage, alongside a few other private companies, including Facebook. Facebook has more than 500 million
Sramana: We have a lot of entrepreneurs who are building companies outside of Silicon Valley. Summarizing your experience as an entrepreneur outside the Valley, you bootstrapped your company to the point of solid revenues and did late-stage financing with Silicon Valley investors. Clate Mask: Exactly. We were able to get enough traction such that when