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293rd Roundtable For Entrepreneurs Starting In 30 Minutes: Live Tweeting By @1Mby1M
Today’s 293rd FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, February 11, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!
Building a High Growth SaaS Company from Los Angeles: Nick Hedges, CEO of Velocify (Part 2)
Sramana Mitra: How did eteatrade go? Nick Hedges: It went well. We ended up transacting about $2 million a month. The net margins were pretty small. Ultimately, we sold it into one of Nick’s businesses that ran his tea and coffee estates. I didn’t want to be a part of a bigger entity, so I
Bootstrapping a Niche E-Commerce Business to Exit: Dara Greaney, CEO of BuyAutoParts.com (Part 6)
Sramana Mitra: At the end of 2015, where did you finish in terms of revenue level and in terms of other business metrics? Dara Greaney: Last year, we did $54 million. That was 15% growth. We’ve been profitable every year. We shipped a record 220,000 shipments last year. I think we sold about 22,000 different
Thought Leaders in Artificial Intelligence: Jana Eggers, CEO of Nara Logics (Part 3)
Sramana Mitra: Can you do one more level of double-clicking? You were distinguishing between clustering algorithms versus one-on-one recommendation and treating each individual as an individual. Can you explain how that works technically? Jana Eggers: We take all of the product that you have. Let’s take retail. You may have groups of products and offerings. All of those
Building a High Growth SaaS Company from Los Angeles: Nick Hedges, CEO of Velocify (Part 1)
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. This story illustrates a couple of interesting strategic moves that have resulted in growth acceleration for Velocify. These kinds of strategic moves are critical to the evolution of a business. Sramana Mitra: Let’s go back to the very beginning of your story. Where are you from?
Thought Leaders in Artificial Intelligence: Jana Eggers, CEO of Nara Logics (Part 2)
Sramana Mitra: Where is the bulk of your business coming from? Is there a sector that dominates in your success? Jana Eggers: It’s the large enterprises. We’re talking about the Global 1000. Sramana Mitra: What industry sector? I’m trying to understand which use case is really dominating. Jana Eggers: We aren’t saying that this is
Bootstrapping a Niche E-Commerce Business to Exit: Dara Greaney, CEO of BuyAutoParts.com (Part 5)
Sramana Mitra: How many people did you have for executing this $18 million business in 2010? Dara Greaney: I have to go back and pull the numbers, but it wasn’t a big staff. We were keeping it pretty lean. We probably had about 30 people and about 5 or 10 on the phone doing order processing.
