Sramana Mitra: There is an IT gap that is complicated to bridge. I’m originally from India. I track the evolution of the Indian IT industry. A large part of that is in low-end business process outsourcing. I have seen so many applications where you put a piece of software in and 4,000 people are out
Sramana Mitra: In terms of customer acquisition, what has been the driving narrative? What strategies worked for you? David Menning: It really comes down to the discipline of how one runs the business and how one runs a marketing team. There’s discipline and then as a result of that, how you apply marketing efforts to
Sramana Mitra: What’s the next major inflection point in your business? Olivia Skuza: So far, we’ve raised $25 million. We did a $3.6 million seed in 2012. Then we did Series A in 2013 for $7.5 million. New partners joined that one. Then we did an interim round in 2015 and a Series B in late
Almost all investors are looking for startups with velocity, ventures that increasingly solve real pains in repeatable ways. If you can achieve velocity, then investors will chase you, because they know it’s not so easy to find companies that hit their stride velocity-wise. Be mindful that the best way for your startup to get to
Entrepreneurs are invited to the 396th FREE online 1Mby1M mentoring roundtable on Thursday, April 26, 2018, 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. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register
During this week’s roundtable, we had as our guest Paolo Juvara, Group Vice President, Oracle Applications Lab, Oracle. Oracle has been a partner of 1Mby1M since 2013 and has built its internal innovation program on the 1Mby1M Incubator-in-a-Box platform. In this session, Paolo and I discussed the secrets of the success of the program. A
Sramana Mitra: In some of your ideas that you’ve presented in the book, you are talking about AI being an augmentation factor as opposed to displacement factor in various workflows. I think the classic one that fits that bill would be in healthcare with doctors working with patients and electronic medical records. It’s actually a
Sramana Mitra: Let’s go back a little bit to the chronological story. In 2007, did you open up all of these English-speaking markets? David Menning: It was a step-by-step approach. In 2007, we were still trying to improve the Australian market. We were trying to improve the experience of the customer. Eyeglasses is quite a