Cloud Stocks: Microsoft and OpenAI Deal with Partnership Issues

Microsoft (Nasdaq: MSFT) continues to benefit from its AI investments. Yesterday, it announced its fourth quarter results that surpassed market expectations and sent the stock soaring 7% in the after-hours trading session.

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Building a Venture Scale Two-sided Marketplace for College Prep to $10M+ in Revenue: Empowerly CEO Hanmei Wu (Part 4)

Sramana Mitra: It sounds like it’s a two-sided managed marketplace. What’s the business model? How much are you paying the counselors? How does this work out?

695th 1Mby1M Entrepreneurship Podcast with Vinit Bhansali, Takshil Venture Partners

Vinit Bhansali, Founder and General Partner at Takshil Venture Partners, discusses how his firm is investing in India.

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Video FAQs

Building a Venture Scale Two-sided Marketplace for College Prep to $10M+ in Revenue: Empowerly CEO Hanmei Wu (Part 3)

Sramana Mitra: That’s interesting because you had already validated that there was a market for what you were offering. One of the things that I don’t like about demo days at all is that a company just goes into an accelerator with no validation, and within three months has to go in front of investors and raise money; it hasn’t had the time to do the kind of validation you’re talking about.

You, on the other hand, had done several years of validation before going into demo day.

Best of Bootstrapping: Solopreneur Bootstrapped to Over $5M

Ukrainian entrepreneur Vladimir Gendelman started as a solo entrepreneur in Detroit and, when we spoke in 2023, he had bootstrapped a $5M+ niche e-commerce company called Company Folders.

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?

Vladimir Gendelman: I was born and raised in the former Soviet Union in Ukraine. We came to America when I was 16.

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Building a Venture Scale Two-sided Marketplace for College Prep to $10M+ in Revenue: Empowerly CEO Hanmei Wu (Part 2)

Sramana Mitra: And what did you end up doing to address that itch?

Hanmei Wu: Well, it wasn’t very planned out, to be honest. I was still quite young, only a few years out of college. I was just kind of doing it on my own at first, maybe just charging an hourly amount. I was helping with essays and things like that. Then I decided that I want to get some other people to help me with this.

Start With Customers Not Investors

For our Seed Capital series of podcasts, I’ve interviewed hundreds of investors, especially micro-VCs and angels who play an important role in the early-stage game. The toughest round of funding an entrepreneur will seek to raise is Pre-seed. How do you increase your odds?

Pre-seed has the lowest probability of success. Over 99% of the entrepreneurs who seek financing are rejected. 

So, my humble advice to all entrepreneurs: please learn to assess your own probability of getting funded.

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Building a Venture Scale Two-sided Marketplace for College Prep to $10M+ in Revenue: Empowerly CEO Hanmei Wu (Part 1)

EdTech is notoriously difficult to build at venture scale. Hanmei is doing it.