Bootstrap an AI Startup First, Raise Money Later: Sean Minter, Founder CEO of AmplifAI (Part 3)

Sramana Mitra: Let’s focus on that phase. I just want to go from that zero to $1 million ARR phase. Where did the customers come from and were you building the product with customers or did you build something and then go to customers, how did you navigate that first phase?

Sean Minter: I had a good idea of what was needed because I would have been a customer. We built most of it on my vision of was needed in the market. There was no customer involved. But for any B to B business, the only way to get your initial customers is through relationships. To be honest with you, it’s hard. That’s why it’s always good to have experience working in an industry if you’re going to do B to B.

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Bootstrap an AI Startup First, Raise Money Later: Sean Minter, Founder CEO of AmplifAI (Part 2)

Sramana Mitra: What were the highlights of that journey? How long did you do it for? How big did it get and what happened to it?

Sean Minter: That company got to about $5 million in revenue. We actually sold it to a larger telecom entity called Birch Telecom.

Bootstrap an AI Startup First, Raise Money Later: Sean Minter, Founder CEO of AmplifAI (Part 1)

Sean has bootstrapped AmplifAI to $1M, and then raised over $15M in two rounds of financing. Read on to learn the nuances of his strategy and execution.

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Catching Up On Readings: WWDC 2024

This feature from Forbes covers the highlights of the Worldwide Developers Conference last week where Apple unveiled its own GenAI vision among other things. For this week’s posts, click on the paragraph links.

June 20 – 644th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 644th FREE online 1Mby1M Mentoring Roundtable on Thursday, June 20, 2024, 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!

643rd 1Mby1M Roundtable Recording

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

Roundtable Recap: June 13 – Spotlight on Nigeria

During this week’s roundtable, we put the spotlight on a Nigerian startup.

Ruah Technologies

We had Levi Stephen from Abuja, Nigeria, pitch Ruah Technologies, a SaaS business.

You can listen to the recording of this roundtable here:

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643rd 1Mby1M Roundtable for Entrepreneurs Starting NOW: Live Tweeting by @1Mby1M

Today’s 643rd FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, June 13, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup  All are welcome!