Best of Bootstrapping: Bootstrapping Power2Motivate to $80M from Canada

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

Adding to our incredible roster of stories of entrepreneurs who have bootstrapped decisively, CEO Rob Purdy’s story as shared with me in 2017 is an incredible journey of precise execution.

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

Rob Purdy: I was born in Ontario, Canada. Our family is very blue collar. I grew up in an environment centered around a steady out by 7 in the morning and home at 3:30 kind of routine. We were in an area of the city where General Motors dominated the local landscape. Everyone in our neighborhood worked for that company. It was an interesting background and a great lifestyle to grow up in. It also taught me that I wanted to get outside of that and move into a different environment – more entrepreneurial and less structured.

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Featured Videos

June 16: 579th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 579th FREE online 1Mby1M Mentoring Roundtable on Thursday, June 16, 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!

Roundtable Recap: June 9 – Discussion of India’s Startup Journey

During this week’s roundtable, we had as our guest Janam Mehta, Partner at Campus Fund and Venture Investments at JSW Ventures discussing the progress of the Indian startup ecosystem.

You can listen to the recording of this roundtable here:

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Video FAQs

Indian E-Commerce Unicorns 2022: GlobalBees Acquires its Way to the Club

According to a recent report, the Indian E-commerce market is expected to grow to $188 billion by 2025 from $46.2 billion in 2020. The market is expected to further grow to $350 billion by 2030 from $74.8 billion in 2022 driven by an increase in internet and smartphone penetration. These growth rates are triggering the creation of several e-commerce unicorns in the country. One recent entry is GlobalBees.

578th Roundtable for Entrepreneurs Starting NOW: Live Tweeting by @1Mby1M

Today’s 578th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, June 9, 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!

578th Roundtable for Entrepreneurs Starting in 30 Minutes: Live Tweeting by @1Mby1M

Today’s 578th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, June 9, 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!

1Mby1M Virtual Accelerator Investor Forum: With Bill Baumel, Managing Director of Ohio Innovation Fund (Part 3)

Sramana Mitra: It’s great to hear about all these activities. We have seen many ecosystems come up through our work. We try to cover a lot of these companies. Utah is a very good example. They’re a bit ahead of you, because they’ve had sizable exits. That has created angels and seed money. Ohio probably has better bridges with New York than with Silicon Valley.

Also now, things have changed in Silicon Valley. As you know, people used to only want to invest in local companies. That is not the case now. Investors are happy to invest in companies as long as the business models are proven and are venture-scale business models. The globalization of entrepreneurship is in full swing right now. It’s wonderful.

Indian E-Commerce Unicorns 2022: DealShare Looking to Double its Market Reach

According to a Bain report, the social commerce in India is expected to grow from $1.5-$2 billion market in 2022 to as much as $20 billion in five years. The report expects this market to grow to $70 billion by 2030, making India’s social commerce sector twice the size of the current e-commerce market within 10 years. The high growth market has attracted several players who are managing to hit unicorn status due to their ability to create a massive user base. One such player is DealShare.