If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
Evenica CEO Sadek Ali has built an e-commerce platform company for the mid-market within the Microsoft ecosystem. Read on to learn more.
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?
Sadek Ali: I was born in Canada. I grew up there. Most of my adult life has been spent here.
According to a recent report, the global customer experience management market is projected to grow at 16% CAGR to reach $32.5 billion by 2029 from $11.34 billion in 2022. Qualtrics (NYSE: XM) continues to grow strong in the market and recently announced an acquisition within the healthcare vertical.
>>>During this week’s roundtable, we worked with two startups, both of whom need to plug some methodology gaps.
KwiKBio
First up, Justin Lancaster from Barnard, Vermont, pitched KwiKBio, a solution for citizan scientists to participate in biomedical research.
Bixpand
Next up, VJ and Sudipta Das from San Ramon, California, pitched Bixpand, a competitor to Zoho and Hubspot.
You can listen to the recording of this roundtable here:
Valon is a software developer who made a successful transition to an entrepreneur and had a quick exit with his first venture.
His second venture is already at $5M+ in revenues with just a pre-seed round of financing. This venture, Behemics, has already received two acquisition offers. Fabulous story!
>>>Sramana Mitra: What is the check size that you like to write?
Naganand Doraswamy: When we started the first fund, we said anywhere around $500K to $750K. Then we would participate with another $500K in the following round. The target was about $1.25 million per company. The second is double the size.
We’re looking at $2.5 million total per company. The first check can be anywhere from $750,000 to $1.75 million. We realized that our companies needed a little bit more runway to show the traction necessary to raise the next round. $1.25 million is too small an amount to make some decisions in companies.
>>>Today’s 569th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, March 31, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
Today’s 569th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 20 minutes, on Thursday, March 31, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
According to a recent report, the global Application performance monitoring market is estimated to grow at 11% CAGR to reach $15 billion by 2028. The continuously increasing complexity of applications is driving the growth in this market. Splunk (NASDAQ: SPLK) continues to grow its enterprise clients at a stellar pace, thus driving interest in its stock.
>>>