Earlier last month, Unified Communication-as-a-Service (UCaaS) leader RingCentral (NYSE:RNG) announced its first quarter results that continued to surpass market expectations. RingCetnral has been building its market presence through continued partnerships with key go-to-market players. The move has helped it secure its leadership position in the North American market.
>>>Sramana Mitra: How did you find these customers?
David Liu: They came to us. They found our website.
Sramana Mitra: Google search?
David Liu: Yes. SIP is the industry standard for VoIP and PBX basically means phone system. I remember if you type SIP PBX, we would come up on the first page.
>>>If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
CEO Sal Akbani had bootstrapped Gateway Classic Cars to over $10 million in revenue when we spoke in 2017. This is a great story of how a two-sided marketplace was masterfully seeded and scaled in a niche market.
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?
Sal Akbani: We have the same ancestry. My parents were from India. I was born in Pakistan. My mother is from Calcutta. My dad is from Bombay.
Chandrashekar Kupperi is General Partner at Peaceful Progress Fund, an angel fund in India. We have some very interesting discussions on consumer startups in India, especially the ones targeting lower economic strata consumers.
Sramana Mitra: Tell us a bit about your background as well as what you’re doing with Peaceful Progress Fund.
>>>According to a recently released McKinsey study, in the first nine months of 2021, nearly $5.8 billion was invested globally in the development of micro-hubs or dark convenience stores for instant grocers.
>>>David started Deltapath as a college student. Another case in point is that solo entrepreneurs CAN build sustainable, profitable businesses.
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?
David Liu: I was born in San Jose, California. I had a really interesting childhood. My parents moved overseas to Hong Kong as my dad had a career opportunity. The whole family moved when I was still in elementary. I was thrown into a completely different world. I didn’t really speak Chinese. I cannot read or write Chinese.
>>>This report by Paul Biscoff on CompariTech analyzes the impact of ransomware attacks on schools and colleges, which cost the sector $3.56 billion in2021. For this week’s posts, click on the paragraph links.
>>>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 – Yellow Spring I
Yellow Spring I | Sramana Mitra, 2020 | Watercolor, Pastel, Brush Pen | 9 x 12, On Paper