Capital Efficient Strategy for Generative AI Startups: RavenPack CEO Armando Gonzalez (Part 5)

Sramana Mitra: At this point, you had a customer. You understand your TAM. You are starting to execute. It’s an easier funding situation. Armando Gonzalez: Exactly. Sramana Mitra: How much did you raise? Armando Gonzalez: $3 million. Sramana Mitra: 2008?

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Best of Bootstrapping: Bootstrapped Using Services to $10M

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  When we spoke in 2015, CEO Carl Mazzanti has bootstrapped eMazzanti Technologies using services to close to $10 million, maintaining a 20% year-over-year growth rate. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were your born, raised, and in what

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Capital Efficient Strategy for Generative AI Startups: RavenPack CEO Armando Gonzalez (Part 4)

Sramana Mitra: What were average deal sizes in what you were selling? Armando Gonzalez: It’s a range. It can be anywhere between the $50,000 to several hundreds of thousand dollars. Sramana Mitra: Recurring revenue? Armando Gonzalez: Correct.

Best of Bootstrapping: Serial Entrepreneur Bootstraps First

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  Joe Speiser, Founder and CEO of LittleThings bootstrapped his first digital media/ad network business to $50 million in revenue and then sold it to private equity. Later he started a second business, an e-commerce company, that he bootstrapped for a year and then raised venture capital.

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Best of Bootstrapping: Bootstrapped First, Raised Money Later to Exit

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  Ensighten Founder Josh Manion is a fellow MIT alum, and a fellow believer in the tried and true methodology, Bootstrap First, Raise Money Later. Josh raised his Series A with $5 million in revenue. When we spoke in 2015, the company was growing at 150% year-over-year. CHEQ

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Capital Efficient Strategy for Generative AI Startups: RavenPack CEO Armando Gonzalez (Part 3)

Sramana Mitra: Let’s go to your story. How did you build the company? Armando Gonzalez: In the early days, we were mostly doing research and development and trying to figure out how some of our ideas could apply to different problems. Sramana Mitra: When you got this client who wanted to use your trading technology,

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Capital Efficient Strategy for Generative AI Startups: RavenPack CEO Armando Gonzalez (Part 2)

Sramana Mitra: The use case was investing and trading in stocks? Armando Gonzalez: Yes, it didn’t start that way. It started as a very generic AI platform that could do all sorts of things including trading. We thought it could be used for healthcare diagnostics. We were looking at it from a cybersecurity perspective as

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Best of Bootstrapping: Founders Bootstrapped Using Services from Atlanta

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  Adding to our roster of Bootstrapping Using Services case studies, here’s my conversation with PMG.net Founders Joe LeCompte and Robert Castles from 2015. Sramana Mitra: Let’s start at the very beginning of your personal journey. Tell us a bit about where you come from, where you were born

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