Some audience questions answered by Sramana: • What are the best examples of companies that have succeeded using the “Freemium” business model? • What businesses lend themselves best to a freemium pricing model? • How do founders cope with anxiety and fear? • What are some self-study resources for learning to build a startup? •
1Mby1M Founder Sramana Mitra wants entrepreneurs to not waste their time and money. The waste stems from a widespread misunderstanding of how investors think. Over 99% of founders chase funding before they are fundable. Here, Sramana teaches how to build with customer money (otherwise known as revenue) until a startup reaches that fundable stage.
Sramana Mitra: Switching gears a bit, tell us a bit of a few companies you’ve invested in. Maybe start with the two that are turning into unicorns. Tell us where you encountered them and how you encountered them. What state were they in? What did you see in those companies that told you that this
Sramana Mitra: You come from the traditional retail background. How does e-commerce play into this? What are the trends? How are you playing into those trends? Elly Truesdell: We try to stay very aware of food being such a traditional system. There is an operational piece that’s still somewhat old school and traditional. There is
Some audience questions answered by Sramana: • How can a small business survive in the Corona virus shut down? • How can I get feedback from you on my venture? Rendezvous Online with Sramana Mitra 4.14.20
Sramana Mitra: I’m going to ask you for a couple of more specific points on that. You have a CIO panel. Do you also have a CISO panel that you check with when you do cyber security investments? Ritesh Agarwal: Primarily CIO. If the CIO feels that he needs to get his extended team involved,
Entrepreneurs are invited to the 483rd FREE online 1Mby1M mentoring roundtable on Thursday, April 30, 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: In your industry, how do you see geography playing out? I take it you invest mostly in American companies. Elly Truesdell: Primarily American companies. We have recently made our first investment in a Canadian company. We are open to and will look at companies abroad. Where we really like to make sure we’re