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Blog » Archive for April, 2023

Bootstrapping with Services at the Cusp of AI and FinTech: Vahe Andonians, Founder of Cognaize (Part 4)

Posted on Thursday, Apr 20th 2023

Sramana Mitra: Interesting. You’re doing almost like an AI fintech incubator where you’re doing services projects for large companies. Those are exclusive. The datasets are on their premises. You’re not touching them, but you’re building the models for them. Then you’re taking the knowledge and turning them into SaaS that you take to the midmarket.

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Best of Bootstrapping: Bootstrapped Using Services to a $300M+ Exit

Posted on Wednesday, Apr 19th 2023

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  Victor Allis bootstrapped Quintiq to $30M, raised funding, and then sold the company for over $300M. ActiVote is his second startup, currently self-funded. Sramana Mitra: Let’s start from the beginning. Where are you from? Where were you born, raised, and in what kind of background? Victor

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Bootstrapping with Services at the Cusp of AI and FinTech: Vahe Andonians, Founder of Cognaize (Part 3)

Posted on Wednesday, Apr 19th 2023

Sramana Mitra: Now we’re in 2017? Vahe Andonians: 2018. Sramana Mitra: What problem were you going to solve next? Vahe Andonians: It all started with Moody’s. They approached me with a problem. The problem was extracting financial PDF. They had identified this as a pain point of the market. They had just created a unit

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Best of Bootstrapping: Bootstrapped Using Services and Piggybacking

Posted on Tuesday, Apr 18th 2023

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  Mikel Lindsaar has built a services company in Australia and spawned six SaaS products out of it. One of them, StoreConnect, is a terrific Bootstrapping by Piggybacking story on top of Salesforce.com. He has exited four of the apps and expects to grow StoreConnect to $100M+

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Bootstrapping with Services at the Cusp of AI and FinTech: Vahe Andonians, Founder of Cognaize (Part 2)

Posted on Tuesday, Apr 18th 2023

Sramana Mitra: What revenue level did you reach with this? Vahe Andonians: About $8 million. It was difficult. The 2009 to 2012 period was a difficult time for the area we were operating in. Sramana Mitra: Your clients were the banks and financial service institutions?

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Best of Bootstrapping: Bootstrapped a RegTech Venture to $20M

Posted on Monday, Apr 17th 2023

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  RegTech is emerging to become a category of its own with numerous risk and compliance issues getting addressed by technology solutions. PerformLine Founder and CEO Alex Baydin has bootstrapped a wonderful business and is now doing a private equity-driven roll-up within the space. Sramana Mitra: Let’s

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Bootstrapping with Services at the Cusp of AI and FinTech: Vahe Andonians, Founder of Cognaize (Part 1)

Posted on Monday, Apr 17th 2023

In this case study, you will hear Vahe talk a lot about bootstrapping – bootstrapping to exit, bootstrapping with services, so on. You will also learn a nifty way of building domain knowledge on top of horizontal AI expertise. This is a valuable and extremely interesting way of building AI companies for entrepreneurs to consider.

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604th 1Mby1M Roundtable Recording

Posted on Sunday, Apr 16th 2023

In case you missed it, you can listen to the recording of this roundtable here:

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