Today’s 206th FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, February 20, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!
Sramana: In 1996, you added more people and secured an office. Was there any difference in your distribution or customer acquisition strategies? Tony Ellison: There was a lot of change in 1996. The biggest expansion was in terms of people and our margins started to erode because of that added expense. We also started adding
Alastair Mitchell: There’s been lots of news flicking around about how people’s entire personal online lives have been hacked through telephone phishing. Companies like Apple and Amazon who have incredibly strong hardware, software, and security in place have their security negotiated because the processes they had in place allowed a human operator to give out key
Sramana Mitra: You gave a presentation to a group of universities explaining that there’s something that you wanted to do and they resonated with that. Could you explain what that pitch was? Don Kassner: We got up and showed what we were doing at Andrew Jackson University with this remote proctoring product that we had
Sramana: Does your business model still rely on third party logistics? Tony Ellison: Yes, by and large. We have a lot of 3PL relationships as well as a lot of private brands. Today, we offer over 600,000 items. We are in close to 16 different major categories. We started in CD-ROMs and then moved into
There’s a really good story on Inc. on the dark realities of entrepreneurship. Not the rah rah, everything is so wonderful kind, but the brutal emotional truth: The Psychological Price of Entrepreneurship. Read it. Successful entrepreneurs achieve hero status in our culture. We idolize the Mark Zuckerbergs and the Elon Musks. And we celebrate the
Andy McLoughlin: The other key trend is the mobile trend. The way that people expect to work has changed. The idea of the office as ‘four walls that you’re in from nine to five and forget about when you leave’ has disappeared. I think we are all 24-hour knowledge workers now. Combine that with the
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. One of the chief bottlenecks of the adoption of online education has been the lack of ability to handle testing in a secure fashion. ProctorU addresses that gap and is growing at a nice clip. Sramana Mitra: Don, let’s start at the beginning. Tell me about