Best of Bootstrapping: Bootstrapped a Virtual Company to Scale

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

When we spoke in 2020, Lilia Stoyanov, CEO of Transformify, had built a virtual company with zero employees, all freelancers and scaled it without outside financing. Read on for more.

Sramana Mitra: Let’s start by introducing our audience to you. Where are you from? Where did you grow up? Let’s start at the very beginning of your journey.

Lilia Stoyanov: I was born in Bulgaria. It was part of the communist block before 1989. After that, I moved to the UK and I traveled a lot.

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Twin Brothers Building a FinTech Venture: Stephen Roche and Gabino Roche, CoFounders of Saphyre (Part 1)

Gabino and Stephen have built a wonderful FinTech company and tell their story with wonderful flair and candor.

Sramana Mitra: Let’s go to the very beginning of your journey. Where were you from? Where were you born, raised, and in what kind of background? You are twin brothers. I think this is my first case study of a twin-brother entrepreneur.

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Catching Up On Readings: AI 100 2022

This report from CB Insights ranks the 100 most promising private AI companies in the world that are working on diverse solutions designed to recycle plastic waste, improve hearing aids, and combat toxic online gaming behavior. For this week’s posts, click on the paragraph links.

591st 1Mby1M Entrepreneurship Podcast with Anirudh Damani, Artha Venture Fund

Anirudh Damani is Managing Partner at Artha Venture Fund. We have a terrific discussion on the Indian Startup Ecosystem and its trends.

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Bootstrapping a FinTech Startup by Piggybacking with Services: Quavo Co-Founder David Chmielewski (Part 7)

Sramana Mitra: When you decided to pick on, what was the process?

David Chmielewski: My initial endeavors were around disputes. It was always near and dear to our hearts. For Joe, one of the other co-founders, that’s where he started. His first job was at Bank of America as a call center agent. This was the fundamental use case.

More important than that, having a good business case for clients when we sell. We can save our clients so much money by selling them dispute systems. Some of the other products didn’t have the business value that disputes do. It wasn’t a technology decision; it was more around how we can make our clients successful and to what level we can save them money.

Colors: Church II

I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Church II

Church  II | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 8  x 8, On Paper

1Mby1M Virtual Accelerator Investor Forum: With Dheeraj Pandey, Founder of Nutanix (Part 6)

Sramana Mitra: This is a topic that I’ve been very passionate about – The Renaissance Mind. I have a large body of writings on this. If you follow me on LinkedIn, I have a series called Colors where I publish paintings. I ask people to meditate on just that painting. The whole point is to draw attention to the visual impact of colors and design.

I wrote a series quite a few years ago on the future of Silicon Valley being at the cusp of design and technology, but it hasn’t gone that way. I thought that movement of bringing those two sides together would come faster. Instead, we went deep into data, AI, and machine learning. The design side went by the sidelines. The liberal arts and the humanities side went on the sideline. That still remains to be done.