Amit Jain: It made a lot of sense from two angles. One was, it was more cost-efficient and faster because we didn’t have to spin up a bunch of teams to build infrastructure. We focus our teams more on the differentiating capabilities of a field service solution. Also, it helps us that we are on the same technology platform as Salesforce. That’s where the ecosystem is valid.
>>>Entrepreneurs are invited to the 593rd FREE online 1Mby1M Mentoring Roundtable on Thursday, October 13, 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!
In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, we had as our guest Heather Hiles, 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.
Block Transfer
As for our entrepreneur pitches, first we had John Wooten from Atlanta, Georgia, pitch Block Transfer, a peer-to-peer stock trading platform.
StyleAStar
Then Victoria Christopher from Nigeria pitched StyleAStar, a B-to-C Customized Fashion business.
You can listen to the recording of this roundtable here:
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 – Out of Africa I
Out of Africa I | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 9 x 12, On Paper
Sramana Mitra: How long does a developer stay in one company before they go out and look again?
Lachlan de Crespigny: Developers that find jobs with American companies stay for much longer. As per the current model, the average time is over three years. A normal developer stays 12 to 18 months. I don’t think it’s particularly healthy. Latin American remote workers tend to stay longer because US companies, in general, have very interesting work. They pay good salaries and it’s cool for people to work for a New York or Silicon Valley-backed VC company.
>>>If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
This is a wonderful bootstrapping with a paycheck story of a really smart, scrappy entrepreneur, Suuchi Ramesh, Founder CEO of Suuchi.
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?
Suuchi Ramesh: I was born in India. I spent the first 15 years in Madras, which is Chennai now. My family is in Bangalore, so I went to school in Bangalore. I’m a software engineer. Bangalore has a lot of great technology companies. I came to the United States on a tech job.
According to a recent report, the global internet of things (IoT) market is projected to grow 26% annually from $478.36 billion in 2022 to $2,465.26 billion by 2029. Despite the strong growth projections, China’s Tuya (NYSE: TUYA) is struggling to grow. It has found it difficult to deal with the global inflation and supply chain issues, resulting in a significant erosion of its market capitalization since its listing last year.
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