Building Businesses in Aftermarket Designer Merchandise: ShopWorn CEO Richard Birnbaum (Part 2)

Richard Birnbaum: We realized that the garment business was not for long term. We were buying back in the late 80’s. We were buying designer goods in the United States. We were buying Tommy Hilfiger, Calvin Klein, and Ralph Lauren. Back in those days, e-commerce was not what it is today.

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1Mby1M Virtual Accelerator Investor Forum: With Vikas Choudhury of Pivot Ventures (2)

Sramana Mitra: Let’s talk about some of the things you’ve invested in. We’ll talk about Pivot Ventures investments in a moment. You said you’re one of the first angel investors in the Indian ecosystem. Talk a little bit about what you invested in 2005. How has that landscape changed? How has your investment evolved through

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Best of Bootstrapping: The VC-Entrepreneur Compensation Disbalance

The compensation disbalance in the Venture Capital / Private Equity world remains quite stark. Take a look at the chart a friend once sent me showing some concrete data on VC compensation, and Private Equity industry performance. VCs without much of an operating background constitute a trigger-happy lot, operating based on spreadsheets rather than experience

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Building Businesses in Aftermarket Designer Merchandise: ShopWorn CEO Richard Birnbaum (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  Richard has built several business in the “shopworn” designer merchandise segment. Learn more about the business through his journey. 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? Richard

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1Mby1M Virtual Accelerator Investor Forum: With Cristobal Perdomo of Jaguar Ventures (Part 4)

Sramana Mitra: What are some of the highlights of recent companies that have crossed $5 million in revenues? Cristobal Perdomo: It’s hard to know the revenues unless you’re actually working with them. We’re starting to see more Series C investments that are over $10 million. Sramana Mitra: How many Series C’s have happened in the

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1Mby1M Virtual Accelerator Investor Forum: With Vikas Choudhury of Pivot Ventures (Part 1)

Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Vikas Choudhury was recorded in May 2019. Vikas Choudhury is Managing Partner at Pivot Ventures and President at Reliance Jio. He is one of the earliest Angel investors in India and invested

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1Mby1M Virtual Accelerator Investor Forum: With Cristobal Perdomo of Jaguar Ventures (Part 3)

Sramana Mitra: Are you seeing B2B SaaS in Latin America or is that not so much a trend? Is the trend more towards transaction-based marketplaces and FinTech? Cristobal Perdomo: FinTech, across the world, is a hot topic. It has become too hot for my taste. That’s the largest sector of ventures you see. I also

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1Mby1M Virtual Accelerator Investor Forum: With Shripati Acharya of Prime Venture Partners (Part 5)

Shripati Acharya: I was talking to an entrepreneur yesterday. He was talking about why they turned down a chance to raise a lot of money. One is that the structure of the company changes if you raise $10 million instead of $3 million. Sometimes, there are opportunities like that because we have oversubscribed rounds. There

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