Sramana Mitra: What about fabric?
Joe Zhou: We purchase from big fabric factories and we handle its stocking.
Sramana Mitra: Let’s say a designer wants to design something, they have to work within a catalog of fabric?
Joe Zhou: We have 40 kinds of fabric. They don’t need to select from the fabric. The fabric is connected to certain styles. We already have these prepared.
>>>According to an IDC report, the global Analytics Data Management and Integration Platforms market is estimated to grow at 16% CAGR from $31 billion in 2021 to $56 billion by 2025. Redwood Shores-based Informatica (NYSE: INFA), a leading player in the market, went public last year.
>>>Naganand Doraswamy, Managing Partner and Founder at Ideaspring Capital, adds to our thesis on great investment opportunities within the sub $100 million exit space.
Sramana Mitra: Let’s start by having you introduce yourself as well as Ideaspring.
Naganand Doraswamy: I grew up in Bangalore. I did my undergrad there and then came to the US in 1999 to do my Masters in Virginia Tech. After my Master’s, I moved up to Boston. I joined FTP Software where I wrote the first implementation of IP security of Windows 95.
>>>If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
PayRange Founder Paresh Patel did a superb job of validating in a bootstrapped mode and then raising significant venture capital. However, he made some mistakes after the fund raise. Eventually, he course-corrected and has built a wonderful business without further infusion of capital. Excellent case study!
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?
Paresh Patel: I was born in Vancouver, Canada. I grew up there and moved to the United States when I was about 10 to Portland. I spent the rest of my life since then in the Pacific Northwest.
Joe talks about a gap in designing, manufacturing, and drop-shipping small run fashion merchandise.
Excellent offering from a Chinese company to fill a big gap in SMB e-commerce.
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?
>>>According to a recently published report, the Global Internet of Things (IoT) Market was estimated at $310 billion in 2020 and is expected to grow 25% annually to $1.84 billion by 2028. San Francisco-based IoT company Samsara (NYSE: IOT) went public last year and recently announced its fourth-quarter results.
>>>If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
SoPost CEO Jonny Grubin started as a solo entrepreneur, bootstrapped with a paycheck, and has built a $15M+ revenue global business with a small amount of funding. Excellent story!
Sramana Mitra: Let’s go to the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
Jonny Grubin: I was born in London but moved to Newcastle when I was three. My dad is American and my mom is from the UK. I grew up in Newcastle and started on my entrepreneurial journey at a pretty young age. When I was studying for my high school exams, I kicked off and ran a range of entrepreneurial ventures of my own.
Entrepreneurs are invited to the 569th FREE online 1Mby1M Mentoring Roundtable on Thursday, March 31, 2022, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/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!