Today’s 482nd FREE online 1Mby1M Roundtable For Entrepreneurs is starting in 30 minutes, on Thursday, April 23 at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. Click here to join. PASSWORD: startup All are welcome!
While the Covid-19 lock downs have hurt the global economy significantly, there are certain industries that are seeing strong growth. One surprising beneficiary is streaming service provider Netflix (Nasdaq: NFLX) that delivered a record quarter recently.
Some audience questions answered by Sramana: • If there are so many problems with capitalism, do you still believe in it? • What is a reasonable framework for capitalism 2.0? Rendezvous Online with Sramana Mitra 2.18.20
Sramana Mitra: A couple of metrics before we go on to the post-Lehman story. What kind of revenues were you making in college? What kind of revenues were you making from the company while you were working at Lehman? Neal Taparia: In college, we were probably making around $30,000 a year. It was nothing crazy.
IBM (NYSE: IBM) reported its first quarter results this week and it failed to impress the market. The Covid-19 crisis gripping the world has also impacted IBM significantly, and the company pulled back on its outlook for the rest of the year. This was the first result announcement under IBM’s new leadership of Arvind Krishna
Nishant Shah: In 2017, we were very aggressive in acquiring new customers. That’s when our marketing strategy changed a lot. From just one channel, now we have multiple channels. We came in with affiliates, email marketing, and display marketing. We had a much larger budget allocated to marketing versus almost nothing. That helped a lot.
Some audience questions answered by Sramana: • Which mistakes should be avoided in a PaaS ecosystem strategy? • What are some case studies of startups killed by overfunding? • What is blitzscaling in tech entrepreneurship and how do you feel about it? • What is the best strategy for a startup to be acquired by
Sramana Mitra: If they came to your site, what would they do? Neal Taparia: They would go there when they’re writing papers to start documenting their information. We had launched this site after putting it together over two months. Students would go there. Say they were using Catcher in the Rye, all they would have