Two principles apply to all ideation processes: 1. You need to find a gap in the market. It’s extremely crowded. 2. You need to have an unfair advantage in that domain. That depends on your expertise and domain knowledge. I strongly recommend that you build on top of an existing platform. It would be much
Sramana Mitra: I work with formation-stage companies all the time. Two guys or one person and an outsourced team of developers build these formation stage companies where they would want to spend their resources. The best place to spend your resources is what is differentiated. Going in and competing against AWS is not a differentiated
Today’s 506th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, October 22, 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!
Today’s 506th FREE online 1Mby1M Roundtable For Entrepreneurs is starting in 30 minutes, on Thursday, October 22 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!
Sramana Mitra: The methodology that we follow is, bootstrap first to raise money later. Get to validation and then raise money, partly because this option of raising money remains only if you can raise friends and family money somehow. For the numbers that we work with, most people don’t have those options. That’s why, pragmatically, it’s
We help Indian entrepreneurs build tech businesses. Some are based in India. Others are all over the world. Some market their products in India. Others, globally. Neither needs to necessarily move to Silicon Valley. They save capital by building from their location, where resources are more affordable. Those who want to raise money in Silicon
Sramana Mitra: Let me address the points that you have made. The first point is that one of the most successful ecosystems where 30% of the apps revenue has gone to the company and has immensely added to the company’s success is Apple. It’s a platform ecosystem. David Barrett: I completely agree with you if you
Sramana Mitra: Let’s go to the beginning. How did you start? What was the first product? What customer did you go after? Talk about your entrepreneur journey. Derek Steer: The first thing we did was our first mistake. We knew what the product should look like for companies to use themselves. We had a good