Building a Capital-Efficient, Highly Scalable Smart City IoT Venture: LYT CEO Timothy Menard (Part 1)

You would think deep tech AI / IoT startups take gobs of venture capital to build. Read on to see how Tim has built an incredibly capital-efficient business with massive growth potential using grant money and revenues. Superb company!

Sramana Mitra: Let’s go to the very beginning of your journey. Where are you from, born, and raised? What kind of background are you from?

Featured Videos

Catching Up On Readings: WWDC 2022

This feature from Bloomberg by Mark Gurman covers the highlights and implications of the Worldwide Developers Conference last week where Apple unveiled a new version of CarPlay among other things. For this week’s posts, click on the paragraph links.

Colors: Printemps V

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 – Printemps V

Printemps V | Sramana Mitra, 2020 | Watercolor, Pastel, Brush Pen | 9  x 12, On Paper

Video FAQs

Colors: Printemps IV

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 – Printemps IV

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

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.

>>>

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:

>>>

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.