Today’s 345th FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, March 23, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Sramana Mitra: In the 1M/1M program, bootstrapping is a huge part of our philosophy. We know this from statistics that over 99% of the business that try to raise venture capital actually get rejected because they don’t fit into the venture capital model necessarily. We are huge supporters of the bootstrapping model. What you’re saying
In order to give focus to some major changes she sees on the horizon, Sramana Mitra has written several pieces that grew out of her original article, Man and Superman: Human History Bifurcates. Please share your thoughts and help get the conversation going. In the first segment of this series, I said that human history is
Sramana Mitra: In terms of home care centers utilizing technology, what are the trends? John Damgaard: On the caregiver side, there are tools to drive operational efficiencies and to match the caregiver labor force to where they’re needed. Think of the concept of Uber for home care where you’re able to see what home care
Sramana Mitra: You inherited 40 customers from AstroPay. Were you doing prepaid private label cards for these 40 merchants and then you switched that to something else? What was the case for the spin off? Sebastian Kanovich: First of all, we didn’t want to have a company which was both B2B and B2C. We wanted
John Damgaard: The US government pays for over 50% of the total bill of long-term post-acute care. In case anyone’s noticed, we borrow about a trillion dollars a year to do that. By the way, that population is living longer so that translates to enormous problems. The innovation opportunities are also enormous. We have to bend
Entrepreneurs are invited to the 345th FREE online 1M/1M roundtable mentoring session on Thursday, March 23, 2017, 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
Sramana Mitra: What was the structure? Did AstroPay put in money into dLocal? How did you financially engineer this? Sebastian Kanovich: We share most of the shareholders. dLocal shares existing customers from AstroPay. We lost money for one month but after that, we managed to break even. We’ve been profitable since then. We didn’t have