Sramana Mitra: When you raised the seed round, you already had some revenues and customers? Felix Van de Maele: No. We raised the round in August 2008. We just incorporated the company. We had no customers and just had a letter of intent. Sramana Mitra: Who were the people who funded you in this round?
Steve Yi: We were fortunate to become profitable within the second month. For that first month, we thought we could never make that math work. We were losing a lot of money in that first month. It’s specific to this business. You just have to go through that period where you’re willing to lose money. Sramana Mitra: You
Entrepreneurs are invited to the 320th FREE online 1M/1M roundtable mentoring session on Thursday, September 8, 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
In case you missed it, you can listen to the recording of this roundtable here:
Sramana Mitra: Your positioning is to help with data consistency. Felix Van de Maele: Yes, data consistency, data understanding, and data compliance. Sramana Mitra: Who is your direct competitor? Felix Van de Maele: The biggest competitor is really doing nothing. It’s not a replacement sale. What we replace is Excel, SharePoint, and Word. It’s a
During this week’s roundtable, our guest was Rehan Yar Khan, General Partner, Orios Venture Partners, and an early investor in the Indian startup scene. Rehan’s core focus is on the Indian consumer opportunity, and that is what we focused on in this discussion. PeopleAlliance As for the pitches, first up pitching, Sanjay Kukreja from New
Sramana Mitra: Each of you had worked on this travel startup before, and you had sold this startup. You got a little bit of money and were willing to put some of that money into starting something else as a collective group. Steve Yi: That’s exactly right. You said it much better and succinctly than
Today’s 319th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, September 1, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join.