Best of Bootstrapping: Bootstrapped a RegTech Venture to $20M

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

RegTech is emerging to become a category of its own with numerous risk and compliance issues getting addressed by technology solutions. PerformLine Founder and CEO Alex Baydin has bootstrapped a wonderful business and is now doing a private equity-driven roll-up within the space.

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

Alex Baydin: I am the Founder and CEO of PerformLine. I was born in Boston, but shortly thereafter, my family moved to New Jersey in a town called Morristown. I’ve been here quite a large percentage of my life but also traveled and spent some stints outside of this area.

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Featured Videos

Bootstrapping with Services at the Cusp of AI and FinTech: Vahe Andonians, Founder of Cognaize (Part 1)

In this case study, you will hear Vahe talk a lot about bootstrapping – bootstrapping to exit, bootstrapping with services, so on. You will also learn a nifty way of building domain knowledge on top of horizontal AI expertise. This is a valuable and extremely interesting way of building AI companies for entrepreneurs to consider.

604th 1Mby1M Roundtable Recording

In case you missed it, you can listen to the recording of this roundtable here:

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April 27 – 605th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 605th FREE online 1Mby1M Mentoring Roundtable on Thursday, April 27, 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!

Catching Up On Readings: Startup Grind Global 2023

This feature from SFGATE covers the highlights of Startup Grind Global Conference held in Redwood City, California. For this week’s posts, click on the paragraph links.

Digital Nomad Building a $5M+ E-Commerce Business: IntelligentLabs CEO Rus Hughes (Part 4)

Sramana Mitra: The bulk of the business is based on doctor recommendations?

Rus Hughes: I would say word of mouth. When we started, it was heavily weighted to doctors. Brand reputation is the crux of the business. More and more brands are doing it now. When we started in 2014, there was a scandal with a few of the larger brands in America. All of the supplements they were selling had to be pulled off from the shelves.

Colors: Bariloche II

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 – Bariloche II

Bariloche II | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 9  x 12, On Paper

Colors: Bariloche III

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 – Bariloche III

Bariloche III | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 9  x 12, On Paper