Jeff Solomon: I talked to some other mentors and people I’ve met over the years and came to the conclusion that it was better for me to leave the day-to-day operations. I probably undersold my value to our Board and to our investors. The investors didn’t appreciate the scrappy founder guy like they do now.
Sramana Mitra: What year did you launch Socialive? David Moricca: July 2016 was when we first brought the product out. Then we rebranded it to Socialive in October 2016. The last five years, we’ve been Socialive. Sramana Mitra: How did you price the product?
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. In our effort to bring you stories from the global startup ecosystem, here we introduce you to Mikko Valimaki, Co-founder of Tuxera, and his wonderful success story from Finland. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were
Entrepreneurs are invited to the 557th FREE online 1Mby1M Mentoring Roundtable on Thursday, December 16, 2021, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 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
In case you missed it, you can listen to the recording here: 556th 1Mby1M Roundtable with Seong Kim, Chegg
During this week’s roundtable, we had as our guest Seong Kim, Corporate Strategy & Development for Chegg Inc., to discuss exit strategy within EdTech. Relai As for entrepreneur pitches, we had 1Mby1M Premium member Claudia Giannoni from London, UK, pitching Relai, a real estate marketplace leveraging the SaaS-enabled marketplace trend that we like a lot. You
Sramana Mitra: What is the next major milestone in the history of the company? Jeff Solomon: Two things. We started to get heavy in insurance. At that time, the secondary education market was growing fast. It’s a very similar model to mortgage in the sense that the money was coming from the government. There was
Sramana Mitra: Six years is a long time. How much money did you raise to get through six years with little revenue? David Moricca: Over the years, probably $5 million or less. This was over six to eight years. It sounds crazy. Sramana Mitra: I’m not surprised that you were able to survive on $6