Entrepreneurs are invited to the 501st FREE online 1Mby1M Mentoring Roundtable on Thursday, September 17, 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
Sramana Mitra: What happened in 2019? How much did you do? Jake Weaver: That was the $5 million year. That was the breakout from where we had been before. For anybody that talks about valuations, a professional services firm is not valued as a product company. Even though revenue was staying the same, the value
Sramana Mitra, Founder of One Million by One Million, reflects on the 500th 1Mby1M Roundtable as a celebration of normalcy. You can listen to the entire 500th Roundtable recording on 1Mby1M.com.
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Julianne Zimmerman was recorded in July 2020. Julianne Zimmerman is Managing Director at Reinventure Capital, a firm focused on minority founders.
Sramana Mitra: Just so you know, we have a whole methodology in our program around Bootstrapping Using Services. It’s something that we do a lot of in the program. It’s something we have numerous case studies on. We have encountered what you’re talking about several times before. It works. I think you will go on
This feature from Gartner covers the top digital workplace trends on the Hype Cycle for the Digital Workplace including smart workspaces and Desktop as a Service. For this week’s posts, click on the paragraph links.
Sramana Mitra: What was the productization? What was the revenue level as a services company before you started productization? Jake Weaver: As a services company, we had just over $4 million in revenue when the change started to happen. We had stepped into the product market, but we had made a smaller business solution.
Sramana Mitra: If you can finance this with bank credit lines and you don’t need a lot of equity financing, why would you dilute yourself? You now have a company that is at $10 million ARR and this company is reasonably conservatively financed. You’ve put in about $10 million in investment to get to $10