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 – Thunderstorm V
Thunderstorm V | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 9 x 12, On Paper
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
True to our mantra, Co-founder Mark Newman bootstrapped HireVue to $1M in revenue before raising the first funding. When we spoke in 2015, the company had raised a total of $92 million, and was doing $30 million in revenue. Excellent case study to study!
Sramana Mitra: Let’s go to the very beginning of your story. Tell us where you’re from, where you were born and raised, and in what kind of circumstances.
Mark Newman: I was born in Northern Canada, about 400 miles north of Toronto, in a small town called Timmons. I was a mining industry brat. My dad designed and built the copper smelters. He was a chemistry and metallurgy nut whose favorite thing was taking rocks and turning them into solid bars of something. Living up there, you were able to be blissfully unaware. You live in a small little town. You had chances to go to lakes and kick through trees.
Security player Palo Alto Networks (NYSE:PANW) recently announced its quarterly results that continued to outpace market expectations. The company has put a pause on its acquisition spree for now and is instead focused on building its AI-focused product portfolio while improving margins.
>>>We have packaged our proven 1Mby1M methodology for building technology startups into short courses on Udemy as a part of our aim to democratize entrepreneurship education at scale globally.
In addition to offering you up to 85% off the following Udemy courses this month, we are introducing the new course, Student Entrepreneur Startup Case Studies. Through this course, we explore our most informative and inspirational case studies of noteworthy startups founded by student entrepreneurs.
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Bootstrapping:
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Sramana Mitra: The PaaS business is getting harder and harder to do because the big players are so entrenched. It’s so expensive. The stack is so expensive from an infrastructure and computing point of view. You can’t really play the PaaS game as a startup anymore. Let’s switch to what you’re seeing on the go-to-market side.
When you were doing the beginning phase of Aisera, AI was not in the mainstream. The demand in the enterprise for AI-enabled solutions was not as strong. Now, the conversation has shifted. C-levels are talking about it. This must be making life easier for you.
>>>If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
Ateb CEO Frank Sheppard and his co-founders had built a sizeable bootstrapped business in North Carolina when we spoke in 2015. Read on to learn what worked for Ateb and what you can learn from them. Ateb was acquired by Omnicell in 2017.
Sramana Mitra: Let’s go to the very beginning of your story. Where do you come from? Where were you born, raised, and in what kind of circumstances?
Frank Sheppard: I was born in Florida but I was raised in Atlanta in a typical middle-class suburban environment.
Muddu Sudhakar: I run a PaaS company. I used to work for VMWare. We had the Hadoop stack and catered to Java. What happened is you have to optimize it to a cloud. You need to take your PaaS and optimize to one infrastructure. If you have a proprietary NLM, it’s not going to be specialized to Azure as well as Azure can.
I, as a vendor, have to make sure that my NLMs will run on more than one cloud provider. Customers may want multiple choices. The burden is on me to make sure that Aisera algorithms can run on AWS, Azure, and Google. I’m optimizing to each of the stacks and not going to 20 of them.
>>>Entrepreneurs are invited to the 608th FREE online 1Mby1M Mentoring Roundtable on Thursday, June 15, 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!