Sramana Mitra: What is your perspective of these global companies being started in various different places? India is just one of them. We are seeing companies coming out of Europe and Asia. There is a tendency or practice of them moving headquarters to Silicon Valley or somewhere in the US. What is your feeling about
Sramana Mitra: What results do you have? David Lord: We’re in 50 to 60 schools already. We’ve got 500 classrooms. We’ve got our first efficacy report that has been peer-reviewed. We’re seeing great results – about 18% improvement in scores in standardized tests using our Jumpstart Academy math product. We’re starting with that and we’ll
Sramana Mitra: What was an average deal size when you were selling these to your first batch of clients? Janine Yancey: I believe the first actual client was Intuit. I think it was $30,000 for their whole organization. It was significantly discounted. Some of the first clients were organizations that I had relationships with. Sramana
Sramana Mitra: Definitely, we encourage the philosophy of bootstrap first and raise money later. We have nothing against raising money but bootstrapping first is really critical to preserve ownerships. The amount of money that is being raised today, especially in these cloud businesses is crazy. By the time you raised that much money, that valuation
Entrepreneurs are invited to the 387th FREE online 1Mby1M mentoring roundtable on Thursday, February 22, 2018, 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. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register
This conversation highlights Gamification in online learning. Sramana Mitra: Let’s start by introducing our audience to yourself as well as to JumpStart Games. David Lord: I’m the CEO of JumpStart Games. We build games for kids ages 3 to 13. Some of our products include JumpStart, which is our legacy brand that has been delivering
Sramana Mitra: Let’s do the Entrepreneurs Journeys story. When did you step out of your Google affiliation and start this company? Janine Yancey: In 2004 or 2005. I was still practicing law through the end of 2005. I had formally started Emtrain as a corporation because I’m a lawyer so it’s an easy enough thing
Last week, I was on a panel at the Silicon Valley Directors’ Exchange (SVDX) on Robotics and AI: How will Boards Embrace Tomorrow’s Technologies? One of the issues we discussed was what happens to displaced workers who lose their jobs to AI.