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Best of Bootstrapping: Blitzscaling versus Bootstrapping

Posted on Tuesday, Apr 26th 2022

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

You must have read something or the other about Blitzscaling, the hypergrowth phenomenon that Reid Hoffman has been championing:

What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or Airbnb? Yet those who actually manage to do so are exceedingly rare. So what separates the startups that get disrupted and disappear from the ones who grow to become global giants?

The secret is blitzscaling: a set of techniques for scaling up at a dizzying pace that blows competitors out of the water. The objective of Blitzscaling is not to go from zero to one, but from one to one billion – as quickly as possible.

Well, I have a small fact to point out: it probably isn’t an option for you.

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568th 1Mby1M Entrepreneurship Podcast with Abinash Saikia, EnCloudEn (Part 2)

Posted on Tuesday, Apr 26th 2022

Sramana Mitra: Total funding of under one million dollars and a little bit of government fund. Talk about the customer development process. Where did you get the customers from? What type of customers zeroed in on your value proposition?

Abinash Saikia: Before these guys put in money, we were able to acquire a reputable customer. You’ve probably heard of Biocon in India which is the largest biopharmaceutical company in India. I was working in strategy at Biocon. My manager connected me to the CIO at Biocon. I built a relationship with him over time. They became our first customers.

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Cloud Stocks: Analysis of Snowflake’s Streamlit Acquisition

Posted on Tuesday, Apr 26th 2022

According to a recent report, the global Data Warehouse as a Service Market is estimated to grow at 25% CAGR to reach $7.69 billion by 2028. The growth is driven by increasing investments in machine learning and artificial intelligence along with BYOD services. San Mateo-based Snowflake is a leading data warehouse solution provider that is addressing this growing market through inorganic growth.

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Video FAQs

Applying AI to Lead Generation: Rev CEO Jonathan Spier (Part 1)

Posted on Tuesday, Apr 26th 2022

I did a startup in 1998 by applying AI to the lead generation and qualification problem. It was early. The data was not yet rich enough.

Now, the data is there. Can the problem finally be solved at the right level of sophistication?

Sramana Mitra: Let’s go to the very beginning of your journey. Where were you born and raised?

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568th 1Mby1M Entrepreneurship Podcast with Abinash Saikia, EnCloudEn (Part 1)

Posted on Monday, Apr 25th 2022

Abinash Saikia, Co-founder of EnCloudEn and former 1Mby1M Premium member, has successfully bootstrapped his venture to an exit and discusses the process in great depth.

Sramana Mitra: Let’s start by introducing our audience to yourself as well as to the premise of EnCloudEn.

Abinash Saikia: I have had a pretty good education from IIT Chennai and, subsequently, an MBA from IIM Bangalore. I worked for a couple of years but the entrepreneurial bug was always there. I could not continue for much longer. I left my job and started a company called SmartBuildings. I was at that company for about three years. It was mostly an IoT-based energy conservation solution.

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Sumo Logic Focuses on the Digital Gaming Industry

Posted on Monday, Apr 25th 2022

         

According to a recent report, the global big data analytics market is expected to grow at 13% CAGR to reach $549.73 billion by 2028 from $231.43 billion in 2021. Redwood City-based Sumo Logic (NASDAQ: SUMO) is meeting this growing demand by improving its product offerings and expanding its use cases in the gaming industry.

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Building a Capital-Efficient Niche SaaS Startup from The Netherlands: Hatch CEO Joris Kroese (Part 4)

Posted on Monday, Apr 25th 2022

Sramana Mitra: Talk to me about the customer acquisition strategy. Beyond the partnerships through which you got to the first base, what did you do from a sales and marketing point of view that got you to the next level?

Joris Kroese: There are different phases there, but we started simply by appointing people who would use their own outreach techniques to prospect potential buyers. It was mainly one-on-one and not so much marketing yet.

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Colors: Fall Reverie IV

Posted on Sunday, Apr 24th 2022

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 – Fall Reverie IV

Fall Reverie IV | Sramana Mitra, 2020 | Watercolor, Pastel, Brush Pen | 9  x 12, On Paper