Sramana Mitra: I have coached and mentored hundreds of thousands of entrepreneurs. As a rule, I advise people not to follow this principle of releasing a free app or any kind of free service thinking that we will figure it out later. I want you to hypothesize that you are going to do a free app and it’s going to get a number of users. What is your premium service?
I don’t actually like freemium. I like free trial. Something you use for three months for free and then you pay for it. If that is a viable go-to-market strategy, do this business. Otherwise, don’t do this business. This is my mantra.
>>>Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its first quarter results that surpassed market expectations. The company recently expanded its communication capabilities with the $975 million acquisition of Loom.
>>>Sramana Mitra: What you did had a major impact.
Pallav Pandey: They did that and they swept the election. While we were consulting them, something crazy happened. There was a batchmate of mine in the US. He was consulting for McKinsey. He was after my life. We were doing some interesting stuff, but it was person-dependent. I was also getting tired. Not to mention that the people I had to work with were not great people to work with and look up to in life.
>>>Entrepreneurs are invited to the 626th FREE online 1Mby1M Mentoring Roundtable on Thursday, November 30, 2023, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 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, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!
Pallav is a serial entrepreneur and one of the cofounders of Knowlarity. Readers may recall our Knowlarity story as told by Ambarish Gupta. Pallav’s newest venture is a fantastic case study in positioning and Go-to-Market Strategy for EdTech.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born and raised? What kind of background?
>>>This report from Gartner analyzes the top trends in M&A for 2024. These include unlocking technology M&A opportunities amidst macroeconomic ambiguity, acquiring AI-based businesses, and navigating an increasingly complex regulatory environment. For this week’s posts, click on the paragraph links.
>>>I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Commune III
Commune III | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 8 x 8, On Paper
I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Commune II
Commune II | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 8 x 8, On Paper