August 24 – 615th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 615th FREE online 1Mby1M Mentoring Roundtable on Thursday, August 24, 2023, 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!

Featured Videos

1Mby1M Virtual Accelerator Investor Forum: With Max Brickman, Founder at Heartland Ventures (Part 2)

Sramana Mitra: Let’s do some examples of companies that you have invested in especially where you have brought them to your customers very early on.

Max Brickman: One would be Workstream. We are one of the early investors in their seed round. It targets the HR space – hiring hourly employees. We loved Desmond the founder. We wanted to introduce him to our network and see if other people agreed.

1Mby1M Virtual Accelerator Investor Forum: With Max Brickman, Founder at Heartland Ventures (Part 1)

Max Brickman, Founder at Heartland Ventures, talks about his firm’s investment thesis.

Sramana Mitra: Let’s start with a little bit of introduction about your background.

Max Brickman: I’m from Wisconsin. I started in the entrepreneurial space early on. I bought my first property in northern Wisconsin when I was 14. It was money from a landscaping company that I had.

Video FAQs

Catching Up On Readings: Future of DSML

This feature from Gartner identifies the top trends impacting the future of data science and machine learning (DSML) as the industry evolves to meet the increasing significance of data in artificial intelligence (AI). For this week’s posts, click on the paragraph links.

Bootstrapping an AI-Powered Security Startup to $10M+ in Revenue: Osprey Security CEO Rohit Anabheri (Part 4)

Sramana Mitra: These two customers that you were able to place the MVPs into pilots with, how long did it take you to turn them into paying customers?

Rohit Anabheri: About three to six months. They wanted to ensure the stability of the platform.

Sramana Mitra: What is the average deal size?

Rohit Anabheri: Six figures.

Bootstrapping an AI-Powered Security Startup to $10M+ in Revenue: Osprey Security CEO Rohit Anabheri (Part 3)

Sramana Mitra: How long did it take you, and what was the trajectory? How many customers did you work with in the beginning? As you started to productize, what was the timeline?

Rohit Anabheri: The first year is always a struggle. It was completely bootstrapped by me and my co-founder.

Best of Bootstrapping: Bootstrapped a Product Using Services

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

Here’s yet another great case study of a successful bootstrapping whereby the entrepreneurs developed a solid product business eventually. This conversation with 2600Hz Co-CEO / Co-founder Patrick Sullivan took place in 2017.

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

Patrick Sullivan: I was born in California. I eventually went to school at Santa Barbara and got a degree in Computer Science. I graduated in 1999. I moved back to Tahoe to be a ski bum for a year to get that out of my system. Then I moved to San Francisco right before the dot-com crash happened. It was a pretty awful thing from a career standpoint.

>>>

Bootstrapping an AI-Powered Security Startup to $10M+ in Revenue: Osprey Security CEO Rohit Anabheri (Part 2)

Sramana Mitra: Did you have a customer with whom you validated this with?

Rohit Anabheri: This has been my mantra. Find your customer. Know their problems and fix their problems. We did it very organically. We knew what the gaps were. Then what we did is documented them and went to the people to validate.

Sramana Mitra: Who are these people?