Sramana Mitra: At the point at which this switch is happening, what are the dynamics of the company? Do you have customers? Are you still operating with that 1.5M in financing? João Aroso: We’re still operating with the 1.5M in financing, but we’re starting a new fundraise. We have some early customers in Portugal and Italy.
This report from Gartner identifies the top data and analytics trends for 2024 that emphasize AI’s strategic impact and the need for trust in data. For the last fortnight’s posts, click on the paragraph links.
Entrepreneurs are invited to the 640th FREE online 1Mby1M Mentoring Roundtable on Thursday, May 16, 2024, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps,
In case you missed it, you can listen to the recording of this roundtable here:
Sramana Mitra: So then how long did you do this business? And what kind of revenue levels or what kind of scale were you able to achieve? João Aroso: We did that business for two years and one of my co-founders from my first startup is still there today. I left, but the company is
During this week’s roundtable, we discussed validation requirements in early-stage startups. ONI Early Life Programming First up, we had Sunil Punjabi from Mumbai, India, pitch https://www.onicares.com/Home, a hospital EMR system focused on caring for pregnant women. We discussed what would be considered a validated business. Centaurnex Next, we had Samson Darlong from Riga, Latvia, pitch
Sramana Mitra: What kind of deal was it? What were you charging? What were they charging you to let you sell on there through them? João Aroso: It was a revenue share model. We had a very light minimum commitment, around a $100K a year. Everything was revenue shared.
If you haven’t already, please study our free Bootstrapping Course and Investor Introductions page. This is a wonderful story from 2016 of a serial bootstrapper, then Tanga CEO, Jeremy Young. He built a wonderful e-commerce business similar to Groupon, but with no outside money. Sramana Mitra: Let’s got back to the very beginning of your journey. Where are you