During this week’s roundtable, our guest was Mark Dorsey, VP of Business Development and Co-founder at Bonanza. Mark discussed how the company found its unique angle to break into a group of sellers looking for specific solutions. The company has ONLY raised $1M in funding and has delivered over $75M in revenues. Great story. New
Indian entrepreneurs should listen to this set of podcasts to get into the minds of investors who offer invaluable insights. Naren Gupta, Nexus Ventures – As a co-founder of a firm with an excellent track record of investing in the Silicon Valley – India corridor, but with a global market point of view, Naren shares
Sramana Mitra: Why is the rate of adoption not faster? Why is it that just that 200 corporations are the only ones adopting this? Rob Bonavito: It’s a newer approach to sourcing. It gives you a lot more capability. The larger corporations are starting to look at it more. Like anything else, it starts to trickle
Today’s 354th FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, May 25, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Today’s 354th FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, May 25, 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: What year did you start the corporate business? Greg Besner: 2002 is when Sarbanes-Oxley was made effective. I actually don’t remember exactly when we launched with our first corporate client but it was probably in 2003. Sramana Mitra: What was the sales model for the corporate business? At that time, were you selling
Sramana Mitra: What are the nuances of that? How do you accomplish that objective? Rob Bonavito: It’s a special algorithm that looks at multi-stage optimization. It you think in terms of someone that’s making a cake, you could potentially buy a cake pre-made. You could have several options in terms of ingredient providers and also
Sramana Mitra: In your situation, having worked in finance, very often, there tend to be good friend investors. As angels, they act as friends and family angels. I love what you said that you raised money from your customers. It’s something that we’re talking about from a methodology point of view. We have done a