Sramana Mitra: It’s a very crucial point where you raise your first institutional round of financing. It doesn’t have to be an institutional round, but it has to be a seed round. How much was the seed round?
Eytan Bensoussan: It was $1.7 million.
Sramana Mitra: The investors are from New York??
>>>Bhaskar Ghosh, Partner and CTO at 8VC, discusses his firm’s investment thesis, and we have an interesting discussion about the definition of a “good” entrepreneur.
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Entrepreneurs are invited to the 585th FREE online 1Mby1M Mentoring Roundtable on Thursday, August 11, 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!
During this week’s roundtable, we had as our guest Bhaskar Ghosh, Partner and CTO at 8VC, discussing his firm’s investment thesis. We had an interesting discussion about the definition of a “good” entrepreneur.
UpTerra
As for our entrepreneur pitch, we had Roland Van der Meer from San Francisco, California, pitch UpTerra, a fascinating AgTech company that is already at $3M in revenue.
You can listen to the recording of this roundtable here:
In case you missed it, you can listen to the recording here:
Google’s (Nasdaq: GOOG) recent second-quarter results failed to meet the market’s expectations. The company is feeling the impact of macro-economic conditions as organizations brace themselves for the rising costs amid inflationary pressures.
>>>Sramana Mitra: How were you financing a 15-people operation?
Eytan Bensoussan: A lot of it is personal. We had a very early investor who helped us out. Then it was about making the very tiny amount of money that we had last as if it was 10x the amount. This was about being scrappy, extremely thoughtful, and purposeful. Over time, there wasn’t enough. I had to start taking out of my savings and retirement and putting them into the company. Otherwise, you wouldn’t even have the opportunity to launch.
>>>Sramana Mitra: In these kinds of conversations, I always ask for open problems that new entrepreneurs can solve. One of the problems that come to my mind is, I live a public life. The problem is all these fraudsters are able to access my entire LinkedIn following. I have all these LinkedIn followers who, to some degree, trust me.
I’m just using myself as a proxy. There are lots of people out there on other platforms. If the fraudsters use these brands and start phishing, that’s a very dangerous scenario. We are not doing anything to protect our followers because there’s no solution available. Even if I wanted to, I have no way of protecting my followers from this kind of phishing.
>>>