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 still very healthy.
>>>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 Centaurnex, an idea-stage venture that appears extremely capital-intensive. I advised him to discard this idea and go back to the drawing board.
You can listen to the recording of this roundtable here:
Alphabet aka Google (Nasdaq: GOOG) recently reported a strong first quarter that beat analyst estimates driven by strong and profitable growth in Google Cloud.
>>>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 from? Where were you born, raised, and in what kind of background?
Jeremy Young: I was born in Spokane, Washington. My dad had ended up moving our family across the border to Idaho, which is about 45 minutes away. That’s where I grew up. I have six brothers and sisters—two older brothers and four younger sisters. I was raised in a middle lower class home. My dad worked the same job for 30 years. My oldest brother, Jeff, who is five years older than me ended up getting several jobs while he was in high school and got me interested in business and work in general. He’s a role model to me. He worked very hard and always had lots of money. He was able to buy cars, stereo equipments, and video games. I learned from him and really wanted to earn money as well.
Today’s 639th FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, May 9, 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!
Today’s 639th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, May 9, 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!