Sramana Mitra: What is your competition in this?
Carl Memnon: The way we see it and by what’s reflected in our customer base, our primary competitors are the traditional credit cards. Those are our competitors. That’s because the product functions exactly like a credit card in terms of reporting and a revolving line. But there’s no product that’s exactly like Grain.
>>>Today’s 585th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, August 11, 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!
Today’s 585th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 20 minutes, on Thursday, August 11, 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!
Cameron Kramlich, General Partner at Angelneers, offers a rare perspective in support of solo entrepreneurs.
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Carl discusses Grain’s FinTech innovation, and also some of the unique ways in which his company has been financed. Excellent conversation.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Grain.
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If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
We’ve seen some excellent European companies make successful transitions into becoming global software companies. MP Objects CEO Martin Verwijmeren shares an excellent and inspiring story for European startups to emulate.
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?
Martin Verwijmeren: I’m from the Netherlands but living in Boston these days. Before moving to Boston, I lived in Amsterdam. I was working for our European headquarters in Rotterdam. Nowadays, I’m working from our US headquarters in Boston.
Sramana Mitra: You mentioned earlier that the Indian startup boom has happened in two cities – Bangalore and Delhi NCR. We’ve had a lot of success in Chennai as well. Some of the bigger successes came out of Chennai. What are you seeing in other places?
We are seeing companies coming out of Chandigarh and many other places. That’s part of the vision of One Million by One Million – to enable not only all corners of India but all corners of the world. We have companies from Tanzania. We have companies from Chandigarh. I’m from Calcutta, so I’ve always had a soft corner for Calcutta. It is a different India. It is a different world. How is that impacting the startup ecosystem?
>>>Sramana Mitra: If you look around, what are some open problems that you would point new entrepreneurs towards?
Jan-Philipp Mohr: There are a lot of other sensory technologies which are exciting and could add a lot of value. We have a very big lab in Nashville where we try out a lot of things. It’s a very green field. In my opinion, there is still a lot of room for improvement when it comes to distributed computing, especially when you run multiple models and when you want to embed models in chips. There are still physical limitations in these hardware environments.
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