Bootstrapping Using Services and Piggybacking from Australia: StoreConnect CEO Mikel Lindsaar (Part 2)

Sramana Mitra: What was reinteractive?

Mikel Lindsaar: reinteractive is a consulting business. We do software development. I really wanted to build a SaaS business, but I didn’t have the resources or the people to start it. I didn’t have any way to get funding at that point.

Sramana Mitra: What you’re describing – starting with a consulting company – is a very common way. We have a whole track in One Million by One Million that we call Bootstrapping Using Services.

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Thursday, July 14 – 583rd 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 583rd FREE online 1Mby1M Mentoring Roundtable on Thursday, July 14, 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.

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Video FAQs

Dutch Student Entrepreneurs Building a Large Scale EdTech Marketplace: StuDocu CEO Marnix Broer (Part 2)

Sramana Mitra: Did you build the platform yourself?

Marnix Broer: Yes. I started with Jacques. He was my roommate in the student house. Soon we needed someone to build the website. That’s when I knocked on the door of my old friend from high school who was also studying in Delft.

Later on, we saw that he was great at that. He also had a friend helping him out. They joined us. That’s how we bootstrapped the first website. As soon as we had the first documents up, it went like wildfire. Everybody started using it in just a couple of weeks. Then we got requests from students in other cities. They gave their documents. We put them online.

Best of Bootstrapping: Capital Efficient Entrepreneurs Turned $1M into $80M

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

Motili CEO Jeff Wilkins and his co-founder had turned $1 million of personal investment into $80 million in revenue. Pretty capital-efficient, this entrepreneur’s journey! Motili was acquired by Daikin/Goodman in 2019.

Sramana Mitra: Let’s start with where your story begins. Where are you from? Where were you born, raised, and in what kind of background?

Jeff Wilkins: I grew on the East Coast. I was born in Bethesda, Maryland, outside of Washington DC, and moved around a lot as a kid. I spend time in Maryland, North Carolina, Texas, Oklahoma, and Pennsylvania.

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Bootstrapping Using Services and Piggybacking from Australia: StoreConnect CEO Mikel Lindsaar (Part 1)

Mikel has built a services company in Australia and spawned six SaaS products out of it. One of them, StoreConnect, is a terrific Bootstrapping by Piggybacking story on top of Salesforce.com. He has exited four of the apps and expects to grow StoreConnect to $100M+ in revenue.

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?

Cloud Stocks: Samsara Expands Farm-Focused Vertical Offerings

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. San Francisco-based Samsara (NYSE: IOT) is a leading player in the market that went public last year.

Dutch Student Entrepreneurs Building a Large Scale EdTech Marketplace: StuDocu CEO Marnix Broer (Part 1)

We’ve done a lot of EdTech case studies and also a lot of 2-sided Marketplace Case Studies.
Here’s one from The Netherlands that compares/competes with Course Hero and Quizlet. Terrific story!

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?