Entrepreneurs are invited to the 456th FREE online 1Mby1M mentoring roundtable on Thursday, September 12, 2019, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/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
Sramana Mitra: Does Apple need to click on your button too on the platform? Eyal Shinar: No. Sramana Mitra: Then you don’t need any integration with Apple. Eyal Shinar: That’s correct. That’s what I was saying earlier. In most scenarios, we don’t need anything from the buyer side. The way to think about it is
Sramana Mitra: Did the pricing change when you made this switch to providing these insights? Jeff Wilkins: Somewhat. We’ve always underpriced our services and probably devalued some of the things that we do. We definitely left some money on the table. Over time, we’ve been trying to rationalize that more. Maybe if we can help
For entrepreneurs interested to meet and chat with Sramana Mitra in person, please join us for our bi-monthly and informal group meetups. If you are living in the San Francisco Bay Area or are just in town for a visit, we hope you will add these meetups to your calendar and join us. Pre-registration is required,
Sramana Mitra: It’s not a big buyer whose problem you’re solving. You’re solving the small business’ problem of cash flow. A small business working with a large buyer with not very favorable terms puts the small business at the mercy of the buyer. In this case, just inserting Fundbox or equivalent speeds up the working
Sramana Mitra: How long did it take you to hit a million in revenue? Jeff Wilkins: Two months. Sramana Mitra: What sized contracts were you doing? Jeff Wilkins: We started as a reactive company. A client or one of their tenants had a problem with one of their HVAC units. In the early days, they’d
This feature from The New York Times looks at how trustworthy AI systems can be built using the concepts of time, space, and casuality. For this week’s posts, click on the paragraph links.
Sramana Mitra: Why are you not involved in transactions where it’s a large company buying from a small company? Eyal Shinar: Because of the point you just raised. Interestingly enough, some larger companies, not as big as Apple, reach out to Fundbox as a seller. We already have agreements in place, but it’s not public