Today’s 589th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 20 minutes, on Thursday, September 8, 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: You said you invested in eight companies from the first fund and then continued to invest in those eight. Let’s talk about some of them. I want to get a flavor of the kinds of companies that drew your attention. Mohanjit Jolly: We have a concentrated portfolio strategy. Most of the folks who
Sramana Mitra: If I remember correctly, NexTag was a vertical search engine right? These half a million keywords were all within the domain of electronics. Rafael Ortiz: Initially yes. We added other categories like home goods and clothing. Sramana Mitra: How big a business did the tech product vertical search engine become? Rafael Ortiz: By
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. ActiveCampaign Founder CEO Jason VandeBoom had built a disciplined, profitable business when we spoke in 2019 and had scaled it to $40 million in 2017 revenue. The company was first bootstrapped using services, and later raised ~$20 million in funding. Sramana Mitra: Let’s start at the
Mohanjit Jolly, Partner at Iron Pillar, and a long-time player in the Indian startup ecosystem discusses Exit options for Indian startups and other topics. Sramana Mitra: I know you’ve been in the industry for a very long time and have been following the evolution of the Indian venture capital ecosystem for a long time. Let’s
Sramana Mitra: It’s important to figure out why it didn’t validate. What was your analysis of why the company failed? Rafael Ortiz: In the end, the reason was margins were so tight for those retailers. They were in no position to issue dynamic pricing for their products. At that time, the whole sales channel was
Sramana Mitra: What dataset are you working with? In this example that you gave where somebody lost a job, where is that signal coming from that person who has lost a job? Are you expecting the person to report that they’ve lost a job? Where is that signal coming from? Ed Wallen: It depends on
Sramana Mitra: Could you describe the process of figuring out what you wanted to eventually build a startup on? What was the process of coming up with that problem? Rafael Ortiz: What we did is counter to what a lot of people advise. A lot of people advise finding the problem and doing something that