Entrepreneurs are invited to the 572nd FREE online 1Mby1M Mentoring Roundtable on Thursday, April 21, 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!
Brent was a solo founder starting up a Fintech company. Read on how he put one foot before the other to navigate his journey.
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?
>>>According to a recent report, US retail eCommerce sales grew 16% to $1.06 trillion in 2022 and is expected to grow to $2.4 trillion by 2025. The recent pandemic has accelerated the shift to e-commerce, and companies like Bloomreach are helping marketers reach this fast-growing market.
>>>Sramana Mitra: What year did you start?
Mahendra Alladi: From 2006 to 2007, we were doing services. With HP, there was also a bit of a services element. I was really representing HP to their customers. There, I had a much bigger exposure. That opened up my understanding of this domain.
Sramana Mitra: How did you get into HP?
>>>If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
Let’s do a thought experiment.
List all the things you want to do with your life if you had additional resources.
How many of these require additional money?
How much additional money do you need to acquire to afford these things?
How many of these require additional time?
According to a recent report, the global Internet of Things (IoT) market is estimated to grow at 25% CAGR to reach $1.84 trillion by 2028 from $310 billion in 2020. China’s Tuya (NYSE: TUYA) is a leading player in the market that went public last year. Tuya has had a tough run in the stock market with its valuation falling over 90% since its listing.
>>>Mahendra transitioned from a developer to a successful entrepreneur with his first company, exited it, and then started ACCELQ. ACCELQ already has 200 customers and is a profitable, bootstrapped company growing fast. A wonderful and inspiring 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?
>>>Sramana Mitra: How long did it take you to come up with a product?
Manish Jethani: This is very interesting. We signed an agreement with one customer that if we deliver that product, they will pay us $50,000.
Sramana Mitra: What kind of customer?
Manish Jethani: This was the largest food-tech delivery company in India. They were scaling hyper-fast. They didn’t have a team. After we got such strong validation, we started building the product. From my past learning, it was obvious that unless we have a very strong intent from the customer, we’re not going to build the product. The first version was out in four months. It didn’t have a lot of functionality. It wasn’t self-serve yet.
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