Sramana: When you were doing that validation, who were some of the customers you talked to? Flint Lane: We targeted smaller companies in the beginning. That was a mistake. Yes, the problem existed for them. However, they were not willing to pay for it because it was not that big. If they had 50 invoices
Entrepreneurs are invited to the 124th FREE online 1M/1M roundtable on Thursday, April 26, 2012, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India. Those working with WITI (Women In Technology International) San Diego will have first priority to “pitch” and sell their business ideas to Sramana Mitra. She will offer constructive feedback and answer any
Sramana Mitra: Would you talk a bit about the logistics challenges in shipping and so forth? Of course, there are energy prices and everything, but how has that changed? At some point, it made a lot of sense to manufacture everything in a local destination, and the logistics and shipping charges were not exactly big
Sramana: When you started PayTrust, the Internet was not as pervasive and consumers were not as mature as they are today. Flint Lane: That is absolutely true. There was not as widespread acceptance of financial services online. It was 1998, so the Internet was out there. There was a lot of noise about it, but
During today’s roundtable, I found myself discussing Total Available Market (TAM) issues with three of the five presenters. So let me start off by providing some guidance on the topic for all of them as well as others who are facing similar challenges. Folks, there can be no financing without a thorough articulation of market
Sramana Mitra: Is Mexico the only Latin American country that is coming up in that near shoring trend? Brad Heath: No. It’s the only one that we’re dealing with, but you’ve got stuff happening down in Brazil. You’ve got a number of others. SM: Brazil is not easy to get to at all. BH: It’s
In case you missed it, you can listen to the recording here:
Today’s 123rd FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, April 19, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India. Click here to join.