609th Roundtable for Entrepreneurs Starting in 30 Minutes: Live Tweeting by @1Mby1M

Today’s 609th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, June 22, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. CLICK HERE to join. MEETING NUMBER: 2551 483 3108  PASSWORD: startup  All are welcome!

Featured Videos

Serial Entrepreneur Bootstrapping Three PropTech Ventures: LuxuryProperty Founder Jason Hayes (Part 4)

Sramana Mitra: One of the keys to building scalable businesses is to operate within guardrails. What you’re pointing out in deciding not to go for any kind of permit is a huge decision. It’s a smart decision. That allows you to move quickly. In the business that you did first versus this business, it’s a different model. Debt financing is the same, but you’re not building as much in the balance sheet.

Jason Hayes: That’s right.

Best of Bootstrapping: Bootstrapped with No Outside Financing to $300M

If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page.

Faisal Husain, CEO of Synechron, is one of those rare entrepreneurs who managed to grow his business with no outside financing to significant scale when we spoke in 2015. We discuss his journey here.

Sramana Mitra: Let’s go to the very beginning of your story. Where are you from? Where were you born, raised, and in what kind of background?

Faisal Husain: My roots are from India, but I was actually born in West Africa in Nigeria. My parents had moved from India to Nigeria in search of jobs and they were in the education field. My father was a principal and my mother was a math teacher. While they were doing their jobs and building their careers in Nigeria, I was born there. I lived in Nigeria for 13 years. At that point, my parents decided to move back home to India. I was then home schooled for about three or four years, and then came to the United States.

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Video FAQs

Serial Entrepreneur Bootstrapping Three PropTech Ventures: LuxuryProperty Founder Jason Hayes (Part 3)

Sramana Mitra: What segment were you going after? What kind of price?

Jason Hayes: I started by buying homes around the $300,000 mark. I was looking to go for volume and was trying to spread the risk. Sometimes, we would buy homes that were significantly cheaper and sometimes, we would buy homes that were significantly greater in value. For me, it was all about what the value proposition was.

Best of Bootstrapping: Bootstrapped from London, Scaled in the US

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Alexandre Wentzo is the former CEO of Casewise, an enterprise software company that started in London and scaled in the US. The company was self-financed and did $24 Million in revenue when we spoke in 2015. Our discussion focuses on some of the nuances of starting an enterprise software company in Europe and scaling it in the US. Casewise was sold to Erwin in 2016. You can also listen to our podcast interview here and watch the roundtable interview here:

Sramana Mitra: Let’s start at the very beginning of your story. Tell us where you’re from, where you were born, raised, and in what kind of background.

Alexandre Wentzo: I was born outside of Paris in a little suburb. I come from a low social background. I would say that when I was around 13 years old, I started to set up my business. I used to check out every shop around my place. I started to offer brochures and create any marketing collaterals they needed and offered the complete package, from the design to the printing.

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Cloud Stocks: NVIDIA Cashes in on AI Growth

According to recent reports, generative artificial intelligence (AI) technology is expected to grow at 58% CAGR to reach $36 billion by 2028 from $3.7 billion this year. NVIDIA (Nasdaq: NVDA) is cashing in on this by expanding its computing offerings to cater to the growing demand.

Serial Entrepreneur Bootstrapping Three PropTech Ventures: LuxuryProperty Founder Jason Hayes (Part 2)

Sramana Mitra: When you sold the company in 2007, what were the metrics?

Jason Hayes: The value of the entire portfolio was in the region of $200 million. Revenues were approximately 10% of that. There was probably about 70% loan to value. I sold it to a London hedge fund. I remained with the company for a couple of years in an advisory capacity. At the same time, I was busy building my second venture ,which was Propertyandhomes.com in California.

June 22 – 609th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 609th FREE online 1Mby1M Mentoring Roundtable on Thursday, June 22, 2023, 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, 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!