Best of Bootstrapping: Bootstrapped from Atlanta a Virtual Company to $10M

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

We’re big fans of bootstrapping, virtual companies, and domain knowledge. Field Pros Direct Founder CEO Matt Anderson’s story from 2020 has all these ingredients.

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 did you have?

Matt Anderson: I’m from a small town northeast of Tennessee called Rogersville. It’s a rural area in the foothills of the Smokies. It’s very beautiful there. I went to East Tennessee State University. I had an aspiration to play football. That’s what drew me to that college. I grew up in that rural town and went on to East Tennessee State. 

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Featured Videos

Cloud Stocks: Google Runs Simplicity Sprint to Address Economic Uncertainty

Big tech is struggling to maintain the optimism in the market as is evident in the recent quarterly results. Alphabet, Google’s (Nasdaq: GOOG) parent, recently reported its third quarter results that failed to impress the market and sent the stock tumbling.

Thought Leader in Financial Technology: DealMaker CEO Rebecca Kacaba (Part 2)

Sramana Mitra: What is your business model?

Rebecca Kacaba: We charge technology fees – setup, monthly, and transactional. We are very aligned with our clients. They can pay as they raise capital. We’re not asking them for a big upfront payment. We make money as they make money.

Sramana Mitra: You take a percentage of the transaction?

Rebecca Kacaba: Yes, under our broker-dealer model. In other ways, they pay after they close capital.

Video FAQs

Thought Leaders in Financial Technology: Sankaet Pathak, CEO of Synapse (Part 3)

Sramana Mitra: Given your vantage point, what open problems do you see out there? Not just ones you are working on but things that other entrepreneurs can work on.

Sankaet Pathak: There are a couple of problems that are infrastructure-focused. Then there is one thing that is more consumer-focused that I feel somebody should work on. On the infrastructure side, getting really good at risk and credit underwriting at a global scale is an open opportunity. Nobody is doing a phenomenal job on that.

1Mby1M Virtual Accelerator Investor Forum: With Heather Hiles, Founder and Managing Partner at Imminent Equity (Part 1)

Heather Hiles is the Founder and Managing Partner at Imminent Equity and a pioneering entrepreneur in the Black community. Heather also has deep experience in financing Black entrepreneurs, as well as on the education side to close knowledge gaps at scale.

Sramana Mitra: Let’s get you acquainted with our audience. Tell us about you and the tracks you have traveled to get to where you are today. Tell us about what you’re working on at Imminent. What is your investment focus?

Thursday, November 3 – 595th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 595th FREE online 1Mby1M Mentoring Roundtable on Thursday, November 3, 2022, 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!

November Udemy Coupons for Tech Startup Courses Based on 1Mby1M Methodology

Through the years, we have developed a proven methodology for building tech startups. We have started packaging the 1Mby1M methodology into short courses on Udemy. This is an extension of our strategy to democratize entrepreneurship education at scale, globally.

Here are the $12.99 coupon codes for all of our courses on Udemy. These coupons expire on November 30, 2022, so enroll today!

Bootstrapping:

Bootstrap First, Raise Money Later with Sramana Mitra: TRY1MBY1MNOV2022BTS

Bootstrapping a Startup with a Paycheck with Sramana Mitra: TRY1MBY1MNOV2022PAY

Bootstrapping a Startup with Services with Sramana Mitra: TRY1MBY1MNOV2022SVC

How to Bootstrap Startups by Piggybacking with Sramana Mitra: TRY1MBY1MNOV2022PIG

How to Bootstrap a Startup to Exit with Sramana Mitra: TRY1MBY1MNOV2022EXT

How To Succeed As A Solo Entrepreneur with Sramana Mitra: TRY1MBY1MNOV2022SOL

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Cloud Stocks: Analysis of ServiceNow’s Era Software Acquisition

According to a recent report, the global IT Service Management applications market grew 21.9% to nearly $7.7 billion in 2021. ServiceNow remained the market leader with a 40.1% market share. The researcher estimates the market to grow 3% annually to $9 billion by 2026. ServiceNow (NYSE:NOW) recently reported its strong quarterly performance.