April 27 – 605th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 605th FREE online 1Mby1M Mentoring Roundtable on Thursday, April 27, 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

Catching Up On Readings: Startup Grind Global 2023

This feature from SFGATE covers the highlights of Startup Grind Global Conference held in Redwood City, California. For this week’s posts, click on the paragraph links.

Digital Nomad Building a $5M+ E-Commerce Business: IntelligentLabs CEO Rus Hughes (Part 4)

Sramana Mitra: The bulk of the business is based on doctor recommendations?

Rus Hughes: I would say word of mouth. When we started, it was heavily weighted to doctors. Brand reputation is the crux of the business. More and more brands are doing it now. When we started in 2014, there was a scandal with a few of the larger brands in America. All of the supplements they were selling had to be pulled off from the shelves.

Video FAQs

Digital Nomad Building a $5M+ E-Commerce Business: IntelligentLabs CEO Rus Hughes (Part 3)

Sramana Mitra: How long did it take you to get to a million dollars in revenue?

Rus Hughes: Two and a half years.

Sramana Mitra: What was your inventory strategy during this period? Did you have to finance inventory?

Rus Hughes: We were doing it organically. I kept my cost of living super low. We didn’t take money from the company until 2017.

Roundtable Recap: April 13 – Startup Methodology Exists, Use It

During this week’s roundtable, we worked with three entrepreneurs. In advising them, I keep running into the phenomenon of reinventing the wheel and not using existing proven methodology and frameworks.

Milk e-Taster

First up, we had Barnali Ghatak from Kolkata, India, pitch Milk e-Taster, a technology for testing food contamination.

Nudge

Next, we had Reagan Bonlie from Rochester, New York, pitching Nudge, a financial planning software for banks to service their customers.

Lab.computer

1Mby1M Premium member Pankaj Kumar from Menlo Park, California, then pitched Lab.computer and its TAM model.

You can listen to the recording of this roundtable here:

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Best of Bootstrapping: Developer Entrepreneur Bootstrapped to $20M

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

Numerous developers around the world are turning into successful entrepreneurs. NLP Cloud Founder CTO Julien Salinas provides a textbook case study of a brilliant journey that is a highly repeatable blueprint to follow.

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?

Julien Salinas: I’m French. I live in France. I’m not located in the French Alps. I have a double degree in both business and engineering, especially computer science. I graduated 15 years ago. I initially started working as a consultant and doing product marketing. I was not very happy in my job.

I started coding in my personal time until I realized that maybe it was time to start a real career in programming. That’s what I did. Since then, things have been much easier for me. I did my first startup. Then a second one which is working very well.

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Best of Bootstrapping: Bootstrapped Using Services to $35M, Then Raised $70M

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

Teamwork.com Founder CEO Peter Coppinger has led a terrific vertical cloud business from Ireland and now runs a global SaaS company that is kicking ass.

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

Peter Coppinger: I’m the CEO of Teamwork.com. We are based in Ireland, but we have customers all over the world. I was born in West Cork, Ireland. At a young age, I was very inspired by the likes of Bill Gates. I couldn’t wait to get to college to get going. I thought I’d end up in the States. Somehow, I’m still in Ireland, but we do have a global footprint. I spend a lot of time in the States visiting customers.

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604th Roundtable for Entrepreneurs Starting NOW: Live Tweeting by @1Mby1M

Today’s 604th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, April 13, 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!