Entrepreneurs are invited to the 500th FREE online 1Mby1M Mentoring Roundtable on Thursday, September 10, 2020, 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
Shane Evans is Founder of Scrapinghub, a virtual team-based business from Ireland with 5M Euro in revenue and employing over 130 people. They have employees in 43 countries and operate 100% virtually. Very interesting view into a different part of the world. Sramana Mitra: Let’s start at the very beginning of your journey. Where are
Medical Design Support is an emerging field in its early stages of technology adoption. This conversation looks at how the field is evolving. Sramana Mitra: Let’s start by giving our audience a bit of background about yourself as well as VisualDx.
Sramana Mitra: Why did Matt join your company? Diego Gomes: We were growing and delivering good results with marketing our products. Our product was evolving and was generating leads, but we were struggling with learning sales. Our founders and the whole team was not familiar in that area.
Sramana Mitra: Perhaps we should work together to some extent, this is very aligned to what I do. I can understand why you guys approached us to be featured. Is there anything else that you want to add to what you have shared so far? Joe Silver: A couple of additional interesting things about our
Sramana Mitra: The first year revenue was $800,000, and then how did that grow? Diego Gomes: It started at $800,000, then it grew to $1.3 million to $2 million to $8 million. I would say between the year we grew our revenues from $2 million to $8 million was when we accelerated the most. We
Some audience questions answered by Sramana: – What are the best bootstrapping techniques? – What is your opinion of “failing is not bad?” It’s a way to learn for entrepreneurs. – Why do you advise entrepreneurs not to raise funding at the early stages of business development? – How can I get feedback from you
Sramana Mitra: How does that split out of the 700 investments you’ve made? How many follow the route of going on to venture capital? How many continue to bootstrap? Is there any other nuance to it? Joe Silver: Of the companies that have exited our portfolio, which is about 15%, it’s split down the middle.