Loris Degioanni: While I was in New Zealand doing the internship, a professor from the United States texted me saying he’s working in the field of packet catcher. He found WinPcap. He would like to invite somebody from the research group to do research in the United States. I was in New Zealand, so I
Richard Birnbaum: When I gave you the example of their cost of goods at 8% of retail, nothing is a secret. If we’re able to buy aged inventory from the stores, depending on the brand, deal and condition, it’s worth paying anywhere between 15 cents to 35 cents on retail price. We’re giving a terrific
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,
Entrepreneurs are invited to the 449th FREE online 1Mby1M mentoring roundtable on Thursday, July 11, 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
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Loris has specialized expertise in building Open Source companies. Read how he has done it twice. 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? Loris Degioanni: As you
Richard Birnbaum: We also noticed that the brands were beginning to end distributor contracts and were setting up their own distribution companies in the United States. For example, their cost of goods on an item was 8% of retail. Their biggest cost is not the cost of goods. It’s the marketing and advertising. It’s the
Vikas Choudhury: Another investment is a cloud kitchen. It’s a company called Inner Chef run by someone I know. That company was riding on the wave of logistics and delivery, which was designed for the e-commerce ecosystem. As you know, food delivery is becoming very large across the world. A lot of marketplaces have come
Nnamdi Okike is Co-founder and Managing Partner at 645 Ventures. We have an excellent conversation about trends and his firm’s investment thesis.