
At 1Mby1M, we believe in learning from case studies of successful entrepreneurs. These case studies involve discussions on opportunities and challenges specific to the domain such as Generative AI, E-Commerce, Digital Health, Cyber Security, and FinTech.
>>>Excerpt from my new book, From eCommerce To Web 3.0: How To Leverage The Evolution Of The Internet.
Back in 2007, even before the iPhone was launched, giving us a powerful computer in our pockets or handbags, I started outlining a vision for Web 3.0.
There are numerous definitions of Web 3.0 floating around. Tim Berners-Lee, a father of the World Wide Web, talks about the “Semantic Web,” a way that computers employ the meaning of words – not just pattern matching – along with logical rules to connect independent nuggets of data and so create more context for information. The formula that makes the most sense to me is this: Web 3.0 results from combining content, commerce, community and context, with personalization and vertical search. Or, to put it in a handy phrase: Web 3.0 = (4C + P + VS).
Here’s what it means.
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There aren’t that many venture-funded fashion e-commerce companies out there. The main reason is that the venture capital business is dominated by men, and typically, women happen to be more in tune with fashion. Ilana Stern is building a very interesting fashion company focused on bridesmaid dresses as the starting point.
Sramana Mitra: Let’s start with your personal story. Where are you from? Where were you born and raised and in what kind of circumstances?
Ilana Stern: I’m originally from Los Angeles. I was very close with my family. My dad is actually an entrepreneur of sorts. I was inspired by his hard work and passion for what he does. When I was 18, I left LA and went to the University of Pennsylvania for undergraduate studies. >>>
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
We’re seeing a clear trend towards bootstrapping digital startups while holding onto a full-time job. Mattias Larson has a simple but powerful story to tell.
Sramana Mitra: Mattias, tell us about you. Where did your journey begin and in what kind of background?
Mattias Larson: I was born in the northern part of Sweden – actually, not that far away from the Arctic Circle – in a small town with a population of maybe 40,000. I grew up there and I went to college in a nearby town. I graduated with a master’s degree in Computer Science and International Marketing.
I am a big believer in new, highly focused online fashion brands that can be built with a purely digital strategy. Combatant Gentlemen is a case in point. The company bootstrapped to $700K in revenue, followed it up with a $2.2 million financing round, and is on track to deliver $15 million in revenue this year. The market is large, and hence the opportunity to scale exists.
Sramana Mitra: Vishaal, let’s start at the beginning of your story. Where are you from? Where did you grow up and in what kind of background?
Vishaal Melwani: I am a third-generation tailor. I grew up in Las Vegas, Nevada, believe it or not. My dad was a second-generation tailor. My parents came to America in 1976 from Hong Kong. The goal was to basically have the American dream and focus in on what they knew. >>>
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
OJ Whatley did $6 million in revenue in 2006 from his home, with ‘me, myself, and I.’ Further elaborating on the ultra-light startup trend, we bring you his story of approaching $20 million with 20 employees.
Sramana Mitra: Let’s start at the beginning of your story. Where are you from? Where did you grow up and in what kind of background?
OJ Whatley: I was raised in Chicago. My father was a commodities trader. That’s where I got in my blood the idea of buying low and selling high – the idea of speculation and entrepreneurship.
Sramana Mitra: Entrepreneurship and speculation are not the same things.
Cloud hosting, as companies scale, is moving from public cloud to hybrid cloud. More in this discussion.
Sramana Mitra: Emil, tell us about Codero and yourself so that our audience can get to know you a bit.
Emil Sayegh: I’m Emil Sayegh. I’m the CEO and President of Codero. By way of a quick introduction, Codero has been around, as a company, since 1992 in various names. It started as a small corner computer reselling shop in San Diego. Quickly, the Internet came about. They got into shared hosting, domain name registration, and web design. The company grew and evolved into dedicated hosting and managed hosting, and later cloud. In 2006, Catalyst Investors out of New York came and purchased them. >>>
There is much going on in the small niches of the cloud. Here’s a discussion that highlights some examples.
Sramana Mitra: Lou, let’s introduce our audience to yourself as well as to Scribe Software.
Lou Guercia: Scribe is a software company. We’re a global provider of solutions focused on allowing enterprises to easily bring customer data anywhere it’s needed regardless of the infrastructure – it can be in the cloud or on-premise. >>>
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
We normally only feature companies that have proven concepts in the Entrepreneur Journeys series. This concept, however, is not entirely proven. It is interesting and bold.
Sramana Mitra: Benoit, where are you from? Where were you born and raised? Give us some back story of the Azzimov journey.
Benoît l’Archevêque: It’s a rather peculiar story because I’m a French Canadian. I come from a very low class family from Montreal, Canada. I was actually raised by a plumber and my mother was a Customs Officer – very creative people but not really much into businesses. I was surrounded by people that never really did anything to create a company. They’re not entrepreneurs. I come from a weird place where I didn’t know, at a young age, what an entrepreneur was. The only thing I wanted to do in life was cartoons. I studied Art. >>>
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
Peter Mann started Oransi as a B-to-C e-commerce company. Today, 40% of his $10M revenue comes from China. This is the kind of company America hopes to see more of – selling American products to international consumers.
Sramana Mitra: Peter, let’s start with your background. Where were you born and raised? What kind of background leads up to your entrepreneur story?
Peter Mann: I was born in Syracuse, New York. I lived in the same house till I was 18 and went off to college. My father was a mechanical engineer. He was a manager at General Electric. He comes from a time when people worked 40 years in a company and then get their retirement package. He was also a professor of Mechanical Engineering at Syracuse University. We were heavily involved with the university. I grew up around a university atmosphere during my childhood.
Fashion is a HUGE industry. The global women’s clothing industry, just a piece of it, is expected to exceed $621 billion in 2014. How many industries do you know of that scale?
Yet, online, fashion has still relatively a small presence.
In this article, I will explain why, and how to unlock the potential of this enormous industry using the strategies and tactics of Silicon Valley.