Sramana Mitra: Who was going to build the product? You are not a technical person, right? Peter Ord: I sent my resignation to my boss when I was on vacation. Part of the reason was, I had gotten a number of calls from car dealers who were upset with the implementation during my vacation. It
Sramana Mitra: To be able to get to $20 million with $1.4 million, you have to bootstrap. That’s something we believe in and promote extensively. We are with you on this line of thinking. Like you said, these large funds can only invest large amounts of money. Otherwise, their human capital-to-capital ratio doesn’t work out.
Abinash Saikia, Co-founder of EnCloudEn and former 1Mby1M Premium member, has successfully bootstrapped his venture to an exit and discusses the process in great depth.
Sramana Mitra: You said you joined the company where they were going to do homebuilder, but then the company imploded. Did you talk about one or two companies? Peter Ord: One company. The company I joined had a product that catered to automotive dealers. They also aspired to build a similar product for homebuilders. Sramana
In case you missed it, you can listen to the recording here: 568th 1Mby1M Roundtable with Abinash Saikia, EnCloudEn
Christopher Mirabile: We have a couple of different programs. We have a traditional monthly forum where companies that are, presumptively, ready to work with investors are present. That’s usually three companies a month. Two out of three of them go right into due diligence. We also have a catalyst program where we look at a
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. This is an insightful story of how SudShare CEO Mort Fertel’s family has built an interesting two-sided marketplace business for outsourcing laundry services. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born and raised? In what
Entrepreneurs are invited to the 569th FREE online 1Mby1M Mentoring Roundtable on Thursday, March 31, 2022, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/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