Sramana Mitra: What year was this when you decided to start Media IQ? Gurman Hundal: We launched in October 2010. Sramana Mitra: What was the idea? What did you think you were going to do with Media IQ at that time? Gurman Hundal: When you run online ads, you are actually sitting on a lot
Sramana Mitra: How much money did you raise? Chris Folayan: We don’t disclose the details, but it was a seed round. Sramana Mitra: When was this? Chris Folayan: This was four years ago. Sramana Mitra: So 2012. Chris Folayan: Yes.
Adam Schwartz: We don’t really know what to expect. Even if you’re a $4 million company, you’re still not that big. You don’t know how far this is going to grow. Are we going to grow 100% again or is it not going to scale that way? We’re just going three months at a time and just reinvesting
In Vision India 2020, there is a project called Oishi. It’s a gift e-commerce brand that has specialized capabilities for tracking occasions for gift giving, what gift was given to whom for what occasion, etc. It also has excellent merchandising such that consumers can buy unique gifts that are truly differentiated. You can read the chapter
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Gurman has bootstrapped a fast growth company using services. Read about his impressive journey. 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? Gurman Hundal: I was born in
Sramana Mitra: Besides selling some of your incubated projects and shutting down some others, you said the web development company’s journey was about 10 years. I take it around 2010, you moved on from it. Was the company sold or did it continue and you moved on? Chris Folayan: It continued till about a few
Entrepreneurs are invited to the 317th FREE online 1M/1M roundtable mentoring session on Thursday, August 18, 2016, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any
Adam Schwartz: Through this marketplace, we started doing three things. One is, we invested heavily in improving the platform and the technology behind the store and product creation. There were some pretty serious technical challenges in taking a high resolution image from designers and turning that instantly into a ton of different product images. It’s a