Sramana Mitra: What was the business model? Shane Neman: It was the traditional media model where we sold ads on our website. We also sold the photos and the print copies. It doesn’t seem like it, but we found a way to find a third-party printer and batch take them and then you sell them
Sramana Mitra: There was little due diligence before people were willing to write checks at that time. Shane Neman: In retrospect, I wouldn’t have given myself a check. We got almost $2 million. I wasn’t part of the finance portion of things. I was the CTO. We built this company and hired people. We built
Entrepreneurs are invited to the 537th FREE online 1Mby1M Mentoring Roundtable on Thursday, July 8, 2021, 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 questions. Others
Shane Neman is the Founder of EZ Texting, JoonBug.com, and Principal at Neman Ventures. Shane has bootstrapped two companies as a solo entrepreneur, found successful exits for both, and is now an investor. Needless to say, he has no bias against solopreneurs. Sramana Mitra: We are going to spend quite a bit of time today
This report from Gartner lists the top 25 supply chain leaders and highlights their best practices. Cisco scored the top spot, followed by Colgate-Palmolive, Johnson & Johnson, Schneider Electric, and Nestlé. For this week’s posts, click on the paragraph links.
Sramana Mitra: I have two questions. One is about who you see in deals. When you are trying to do these large deals with large customers, who else is showing up in those deals? What other alternatives are these customers considering? Francisco Webber: You mean in competitive terms? Sramana Mitra: Yes.
Sramana Mitra: So, it’s a combination of angel financing and a lot of bootstrapping using services. Now, you are at a point where you also have production-grade product systems. Francisco Webber: The big pivot was in 2019 when we decided that our current frameworks were stable and mature enough to boil them down into specific
In case you missed it, you can listen to the recording here: