Sramana: How did you find your first big client? Vince Thomas: It was a very interesting experience. The client was based out of Dallas, Texas, so I flew down there from Detroit. I knew conceptually what they client needed. I put together a surface-level demonstration which was tailored for their situation. It did a bit
Entrepreneurs looking to raise money through crowdfunding may be interested in today’s New York Times article by Amy Cortese. Although crowdfunding is an increasingly popular way to help build a business, it’s not surprising that there are growing pains, especially as the Securities and Exchange Commission considers how much to change laws that protect investors.
Sramana: I like it when companies tightly segment the market; it is much easier to qualify leads and messages to that customer base. My next question is, how do you charge? What is your business model? Vince Thomas: There are three ways we charge. The first is a licensing fee to use the software. That
Sramana: What experiments did you run during your early years of starting the company? Vince Thomas: I look at the world in terms of problems. As I walk through the world every day, my mind thinks of the world in terms of problems. When I saw the problem of managing shared bills, my first experiment
The finalists have emerged from the voting phase of the 1M/1M New Year Challenge 2013. The top 20 businesses, name of entrepreneur, location, and number of votes received are listed below. Join us as they compete for scholarships to the 1M/1M program during the online roundtable finals on January 10 and January 17. Congratulations and
Sramana Mitra: Based on where you sit and what you look at on a regular basis, what are some of the open problems from your point of view? Franz Aman: In the big data space in particular, everyone has jumped on the analysis and understanding of big data, which is entirely understandable. But I think
Sramana: Tell me how you launched the business. You launched it in college to help roommates pay shared bills, and somehow it morphed into a business. What was that process like? Vince Thomas: I launched it from my college apartment. For me it was a humbling experience. I built Billhighway by myself for the first
The voting phase of theĀ 1M/1M New Year ChallengeĀ is coming to a close at midnight on January 3 and several promising entrepreneurs are emerging as the frontrunners. Everyone is now able to view the entries here (according to their ranks) and the 20 finalists will be announced on January 4. If you are a contestant, be