Capital Efficient Entrepreneurship from the Czech Republic: Runecast CEO Stan Markov (Part 2)

Sramana Mitra: How is Runecast positioned? What is the go-to-market?

Stan Markov: We started developing the MVP in 2014. We launched at VMWorld in San Francisco in 2015. At that time, our product was oriented towards VMWare vSpheres. It was proactive troubleshooting but also security hardening. It was a lot on the IT operations and configuration management side.

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Capital Efficient Entrepreneurship from the Czech Republic: Runecast CEO Stan Markov (Part 1)

Stan and his four co-founders have built a wonderful business from Brno in the Czech Republic. A lot of Bootstrapping by Piggybacking principles have been applied to gain leverage.

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

612th Roundtable: Brainstorming on Eastern India Startup Development – Starting NOW: Live Tweeting by @1Mby1M

Today’s 612th FREE online 1Mby1M Roundtable is starting NOW, on Thursday, July 20, 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: 2553 399 8343 PASSWORD: startup  All are welcome!

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612th Roundtable: Brainstorming on Eastern India Startup Development – Starting in 20 Minutes: Live Tweeting by @1Mby1M

Today’s 612th FREE online 1Mby1M Roundtable is starting in 20 minutes, on Thursday, July 20, 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: 2553 399 8343 PASSWORD: startup  All are welcome!

July Udemy Coupons for Tech Startup Courses

Our proven 1Mby1M methodology for building technology startups has been packaged into short courses on Udemy as a part of our aim to democratize entrepreneurship education at scale globally.

We are offering you up to 85% off of the following Udemy courses this month, each spotlighting our most informative and inspirational case studies of noteworthy technology startups.

These coupons will expire on July 31, 2023, so be sure to enroll today!

Bootstrapping:

Bootstrap First, Raise Money Later with Sramana Mitra: TRY1MBY1MJUL2023BTS

Bootstrapping a Startup with a Paycheck with Sramana Mitra: TRY1MBY1MJUL2023PAY

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Best of Bootstrapping: Bootstrap, Fund Raise, and Exit

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

Co-founder Mads Jensen started working on Sefaira while an MBA student at INSEAD Business School. When we spoke in 2016, he had gone on to launch a sustainable architectural design software product, raised $18 million in funding, and exited the company. Read on to learn more.

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?

Mads Jensen: I was born and raised in Denmark. I’m from a family with several generations of entrepreneurs. I grew up with business in my blood. I was fortunate enough that my grandfather, in the early 80s, thought this computer thing might have some potential. He bought me a computer when I was quite young. All kids these days grow up with computers.

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1Mby1M Udemy Courses with Sramana Mitra: Preview Courses

For the busy wannabe entrepreneur, we have designed some bite sized courses that offer a preview into the 1Mby1M methodology.

H2O.ai Makes AI Approachable to Enterprises

According to a recent report, the global artificial intelligence (AI) market is expected to grow at 37% CAGR from $136.55 billion in 2022 through 2030. The growth in the industry is expected to be driven by the continued research and innovation by tech giants who are helping increase the adoption of this technology in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing. H2O.ai is a leading player in the run to get enterprises comfortable with the AI revolution.