Posted on Friday, Apr 19th 2019
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I am always thrilled to see great entrepreneurship in various parts of the world that are off-center. Well, Algo.ai CEO Amjad Hussain’s journey is a great one from Detroit.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Amjad Hussain: I was born in a very small village of Pakistan. Sramana Mitra: Where in Pakistan? Amjad Hussain: A town about a hundred km south of Lahore. Sramana Mitra: At what point did you come to the US? Amjad Hussain: Both my parents were school teachers. We were financially dirt poor, but somehow my father had acquired wisdom. He was not formally trained himself, but he had a lot of knowledge in mathematics. When he migrated from India to Pakistan during the nonsense partition in 1947, he was 15 or 16 years old.
Back in India, he had access to a mentor who taught him a lot of mathematics. He probably developed a lot of that on his own. I felt extremely attracted towards that. He was very willing to teach me. I was very willing to be taught. That turned out to be really good. I ended up learning a lot of mathematics. I went to Lahore to get my engineering education. From there, I went to UK and then came to US.
After going through a lot of graduate education, I realized how much he knew. He’s no longer alive. It’s a mystery to me how he knew all of that but somehow he was one of those naturally-born mathematicians. That had the biggest impact on me.
In Pakistan in the 80’s, you become very entrepreneurial if you don’t have money but have dreams. My mother ran an academy. I taught students in there. We would all have to work to put food on the table. I’m not saying all that to gain any sympathy. The key point of that is that I learned very valuable skills of living with very little resources or how to bring meaning into existence with almost nothing. Some of that early childhood training came very handy.
Sramana Mitra: You learned frugality, which is an incredibly useful and important thing to learn. Amjad Hussain: I finished the pre-university system of Pakistan fairly early. Back then, there were two tracks in the Pakistani education. If you have money, you could go to a private university. There were all these great universities built in the British India era that were left behind. I got admitted as a result to Pakistan’s top engineering university. You take an entrance exam and they place you based on how well you do.
Back then, even though I wanted to do something else, I got placed into an electrical engineering program, which turned out to be really good. I did that. One thing that has not changed in all of this is, I still had no money. I went to UK. I studied during the day and worked at night to make ends meet. I did my graduate studies from UK in Artificial Intelligence. From there, I came to the US. That is my journey from this village of Pakistan to US.
Our conversation continues
here. This segment is a part in the series : Best of Bootstrapping . Bootstrapping to an Exit . Why is Bootstrapping Important? . How Can You Play this Low-Probability Game Intelligently? . Do NOT Go to VCs as Beggars - Go as Kings . Excess is NOT Required for Success . Bootstrap First and Raise Money Later . Some Bootstrapping to Exit Case Studies . The Buy Side of Bootstrapping to an Exit . Blitzscaling vs. Bootstrapping . Bootstrapping to Unicorns More »» . Cinedigm Acquires Bootstrapped 1Mby1M Company Future Today for $60 Million . Mailchimp Bootstraps to $600M Revenue . Bootstrapping from Arizona to $10 Million . Bootstrapped Basecamp Executes a No Nonsense Strategy . How Under30Experiences Bootstrapped to $5 Million . Bootstrapping with a Paycheck . How Algo.ai CEO Amjad Hussain Bootstrapped using Services from Michigan . Seed Investors Who Like Bootstrapped Businesses . How iHeartRaves CEO Bootstrapped a Niche e-Commerce Company to $20 Million . Bootstrapping with Services . How The Intern Group CEO David Lloyd Bootstrapped to $13 Million . How Passageways CEO Paroon Chadha Bootstrapped from Indiana . How SmartBuyGlasses CEO David Menning Bootstrapped to $50 Million . Death by Overfunding . How RainmakerForce CEO Mack Sundaram Bootstrapped Decisively to $5 Million+ . How FormAssembly CEO Bootstrapped a Virtual Company with a Paycheck . TimeSlips CEO Mitch Russo Bootstrapped to Exit with Sage . The VC-Entrepreneur Compensation Disbalance . BioConnect CEO Bootstraps with Sophisticated Strategic Maneuvering . Tremend CEO Marius Hanganu Bootstraps from Romania . Gesture CEO Jim Alvarez Bootstraps to $10 Million . SproutLoud CEO Bootstraps to $30 Million from Florida . Tuft & Needle CEO Bootstraps to Over $100 Million . Co-founders Bootstrap Linguamatics to Over $10M from the UK . Ownership Matters . Vainu Co-founder Mikko Honkanen Bootstraps from Finland . Entrepreneur Couple Bootstraps to $10M from Colorado . 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