Sramana Mitra: When you applied to the Berkeley accelerator, how much time passed between your $100,00 funding to the accelerator? Tigran Petrosyan: We got accepted to Berkeley after two months and then into the program after four months. Sramana Mitra: How long were you in the accelerator?
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Tigran and his brother were Ph.D. students when they decided to quit their Ph.D. program and build a company out of their Ph.D. research technology. They have since raised over $15M in funding and built a customer base of ~200 in their ML Ops business. They are leveraging countries like Armenia and Bangladesh for development
This feature from TiEcon covers the winners of the 2023 edition of TiE50, TiE Silicon Valley’s premier annual awards program, contested by thousands of early to mid-stage startups worldwide. For this week’s posts, click on the paragraph links.
Sramana Mitra: Let’s go back to the point you were pivoting. How much money did you get at that point to do the pivot? Ned Hill: Very little on a grip. My burn rate was over $100,000 a month. I was being given a couple hundred thousand dollars to go through the next couple of
Sramana Mitra: Five years have gone by at this point and then you do the pivot. How much money has gone in in these five years? Ned Hill: $3 million or $4 million. It wasn’t that we weren’t doing commercial deals. I had prepped everybody that this was going to take a while. We had
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Continuing with our theme of Bootstrap First, Raise Money Later, here is Founder William King’s story of bootstrapping Zephyr Health, a robust company in the healthcare industry. This strategy led to funding by Kleiner Perkins by the time we spoke in 2015. Zephyr Health was acquired
Ned Hill: We’re building a platform that not only could deliver packages for residents and buildings but also send notifications to these residents. We needed to flesh it out before we released it. I took my time. I’m thankful we did. It’s the best system in the world for package management. Working on the platform