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November 3 – Sramana Mitra on India’s Prospects in the Age of AI

Posted on Friday, Sep 22nd 2023

Sramana Mitra returns to the Ramakrishna Mission Institute of Culture in Kolkata, India, to discuss “India’s Prospects in the Age of AI” on Friday, November 3, 2023, at 6:00pm IST. The event is free, but registration is required.

REGISTER HERE

Artificial Intelligence is sweeping through society. In this century, it will have a species level impact on humanity. What are India’s prospects in the age of AI? This talk explores the nuances of India and humanity’s future.

Sramana Mitra is Founder and CEO of One Million by One Million (1Mby1M), a global virtual accelerator that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond. She is a Silicon Valley-based entrepreneur and strategy consultant, she writes the blog Sramana Mitra On Strategy, and is author of the Entrepreneur Journeys book series. As an entrepreneur CEO, she ran three companies: DAIS, Intarka, and Uuma. Sramana has a master’s degree in electrical engineering and computer science from the Massachusetts Institute of Technology. In 2015, Sramana was named one of LinkedIn’s Top 10 Influencers.

Sramana would love for this to be an interactive experience. Before attending, please listen to her previous RKM talks, Future of Capitalism (2016) and Man and Superman: Human History Bifurcates (2019):

Come with your questions to participate in Sramana’s interactive Q&A discussion with the audience.

The event is free, but registration is required.

TIME:

Friday, November 3, 2023

6:00 p.m. IST

LOCATION:

Ramakrishna Mission Institute of Culture

Vivekananda Hall

Golpark, Kolkata

REGISTER HERE

Featured Videos

Roundtable Recap: September 21 – Concept Arbitrage Happening Everywhere

Posted on Friday, Sep 22nd 2023

During this week’s roundtable, we worked with entrepreneurs from South Africa, Tanzania, and India. There’s a thrilling level of concept arbitrage happening all over the world right now. Proven business models and ideas are being replicated by entrepreneurs in far corners of the world. Proven blueprints exist on how to make these businesses successful.

IQPay

First up, we had Michelle Ruiz in Johannesburg, South Africa, pitching IQPay, a fraud prevention venture.

Sambazah

Next, Loibulu Loponu in Arusha, Tanzania, pitched Sambazah, a 2-sided marketplace venture.

Jeevant Organics

Then, Abhishek Jain in Delhi, India, pitched Jeevant Organics, also a 2-sided marketplace venture.

You can listen to the recording of this roundtable here:

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619th 1Mby1M Roundtable for Entrepreneurs Starting NOW: Live Tweeting by @1Mby1M

Posted on Thursday, Sep 21st 2023

Today’s 619th FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, September 21, 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!   

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619th Roundtable for Entrepreneurs Starting in 30 Minutes: Live Tweeting by @1Mby1M

Posted on Thursday, Sep 21st 2023

Today’s 619th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, September 21, 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!

Best of Bootstrapping: Bootstrapped Using Services to $26M and a Fabulous Exit

Posted on Tuesday, Sep 19th 2023

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

When we spoke in 2021, Founder CEO Vamsi Kora had bootstrapped Gathi Analytics to over $26 million in revenue in four years and exited at a fabulous multiple. Much to learn from his journey.

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?

Vamsi Kora: I’m from south India, from a village in Rajamundry, which is very close to the Bay of Bengal. I did Mechanical Engineering. Right after it, I went to have one of the very few well-paid careers at that time. I couldn’t afford to come to the US. So I went into merchant shipping and roamed around the world for about three years. I made two and half rounds around the equator.

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Best of Bootstrapping: Bootstrapped to Exit and THEN Did a VC-Funded Venture

Posted on Monday, Sep 18th 2023

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

A very effective way to dance the entrepreneurial Waltz is to do a bootstrapped company first, sell it, and then do another venture with a more ambitious agenda. From 2021, Jeremy Swift’s journey as Co-founder and CEO of Cordial is a great case study in this method.

Sramana Mitra: Let’s go to the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?

Jeremy Swift: I was born in Beaverton, Oregon. Most people know about Beaverton because of Nike. It’s a small suburb outside of Portland. I grew up in what I would consider a small middle class family. Both my parents were a rare breed and especially different from the path that I’ve taken in my life. The first job they got out of college is the same job that they retired with 40 plus years later.

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Catching Up On Readings: Impact of Streaming on Music

Posted on Sunday, Sep 17th 2023

This feature from The Wall Street Journal analyzes the impact of streaming on the music industry. In 2022, on-demand music streams in the U.S. alone exceeded 1 trillion. For this week’s posts, click on the paragraph links.

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Building a Global AI Venture for Medical Imaging Analysis from India: Prashant Warier, CEO of Qure.ai (Part 7 )

Posted on Sunday, Sep 17th 2023

Sramana Mitra: The lifetime value of the customer is much higher.

Prashant Warier: I don’t think we have had more than one or two churn. That means a lot to me. The lifetime value is high. Also, it takes time to activate a market. Once there is a reasonable number of users in a certain market, that is when you start seeing the cost of sales become low. Initially, you might have to spend a lot. If you look at the cost of sales, you might not be making money on that particular customer. Then you are hoping that you’ll make money on the 31st customer.

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