During this week’s roundtable, we had Al Lalani, Founder and Chief Strategist, Social Annex, as our guest. Al discussed why he has followed his capital-efficient entrepreneurship strategy, and how he has managed to win against competitors who have each raised tens of millions in funding. Al has raised a total of $3 million. Hachi Of
Sramana Mitra: When you went to 500 Startups to raise money, what did you have in place? Of all these things that we talked about, how much of this is in place? Zvi Band: We had a prototype and we had around 100 active users. 500 Startups saw that there is a big market here. We
Entrepreneurs are invited to the 335th FREE online 1M/1M roundtable mentoring session on Thursday, January 12, 2017, at 8 a.m. PST/11 a.m. EST/9:30 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 here:
Sramana Mitra: What was the financial engineering behind the acquisition? Ryan Caldwell: We acquired their company for mostly stock in MX. Sramana Mitra: You said you and a few others invested in the company and got things going. At subsequent financings, what were some of the milestones that you managed to knock off? Ryan Caldwell:
Sramana Mitra: Artificial intelligence is something I know a lot about. Help me understand algorithmically or heuristically what the software is doing. How do you decide on what you are recommending a sales person to do? Zvi Band: We have an exact picture of who you know, when was the last time you spoke to
Sramana Mitra: Talk to me a bit about customers before October 2011 and the 500 Startups funding. It sounds like you managed to get some customers to resonate with your idea. Who were those first customers? How did you get to them and what specifically did they tell you about what they wanted to see in
Today’s 334th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, January 5, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!