This conversation not only highlights Susan and VIDA’s journey but is an excellent analysis of the Pharmaceutical Services space. If you’re looking to do/doing a startup in this field, the conversation should be illuminating. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born and raised?
This feature from The Verge covers the highlights of the Google I/O, Google’s annual developers conference held in Mountain View, California last week. For this week’s posts, click on the paragraph links.
In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, we had four excellent discussions. For those of you following these roundtables and the recordings, especially if you’re primarily in the learning phase, please use them as case studies and exercises that you can work on. Ask yourself how would you process my feedback? Put yourself in the investor’s shoes. Put
Sramana Mitra: How is it working with your brother? Tigran Petrosyan: Many people tell me that they would never work with their siblings. When you do it right, it can be a blessing. We have done quite a lot of work early on to make sure that not only the brotherhood works, but also the
Sramana Mitra: After raising that $100,000, you went to the accelerator. Did the accelerator give you some money? Tigran Petrosyan: Yes. It was $100,000. Sramana Mitra: Is there any other investment? Tigran Petrosyan: We had a few other angels and pre-seed. The big part came when we raised our seed round in early 2020 with
Sramana Mitra: What emerged as your target market? Tigran Petrosyan: This is a good question. Machine learning can be applied to all kinds of industries. Initially, our target was computer vision. Basically, those who use images to get intelligence out of images. This was our niche. We started to build an engine to attract clients.
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. iText CEO Bruno Lowagie bootstrapped a highly profitable company from Belgium. Since our conversation in 2015, iText was acquired by ThinkFree in 2018. Sramana Mitra: Where are you from? Bruno Lowagie: I’m from Belgium. Sramana Mitra: I’m married to a Belgian. Were you born and raised in