If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. A very effective way to dance the entrepreneurial Waltz is to do a bootstrapped company first, sell it, and then do another venture with a more ambitious agenda. From 2021, Jeremy Swift’s journey as Co-founder and CEO of Cordial is a great case study in this method.
This feature from The Wall Street Journal analyzes the impact of streaming on the music industry. In 2022, on-demand music streams in the U.S. alone exceeded 1 trillion. For this week’s posts, click on the paragraph links.
Sramana Mitra: The lifetime value of the customer is much higher. Prashant Warier: I don’t think we have had more than one or two churn. That means a lot to me. The lifetime value is high. Also, it takes time to activate a market. Once there is a reasonable number of users in a certain
Sramana Mitra: When did you enter the US? Before of after the Sequoia funding? Prashant Warier: Just before the Sequoia funding, we hired our Chief Commercial Officer, but we didn’t have FDA clearance. FDA clearance came in 2021. Our real traction was in 2022. Even now, we are very small in the US. We have
In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, we worked with two interesting businesses. No Sweat Clothes First up, we had Martin Aker from Oslo, Norway, pitching No Sweat Clothes, a niche e-commerce business already in revenue. MIAH Then Emmanuel Akandwanaho from Kamala, Uganda, pitched MIAH, a SaaS-enabled marketplace venture. You can listen to the recording of this roundtable
Sramana Mitra: When you validated the TB use case in 2018, did you put that as your only use case? Were you doing other radiology use cases as well? Prashant Warier: We had a lot of other use cases. We are also working on a head CT product. Chest X-rays has a high volume. The
Today’s 618th FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, September 14, 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!