Today’s 695th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 20 minutes, on Thursday, July 24, 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!
Yesterday, Alphabet aka Google (Nasdaq: GOOG) announced its second quarter results that soared past market expectations. Google is investing heavily in AI to address the evolving landscape.
>>>Sramana Mitra: So tell me more about what you’re seeing in terms of AI in your world. Even if it’s earlier-stage investments, what kind of things have you invested in, and what trends are you noticing?
>>>Sramana Mitra: I have a different question, but we’ll go on to your next case study in just a moment because what you’re describing is so interesting. I did one of the first online fashion companies—real fashion, regular fashion—back in 1999.
The question that’s swirling in my mind is: you have so many users and so much activity. It must be segmented though, right? Is it the fashionistas who are on there, or is it more the geeks who like t-shirts and fashion?
>>>It is always thrilling for me to listen to 1Mby1M entrepreneurs achieving great things. This interview capture’s CEO Bharath Gaddam’s 6-year journey of bootstrapping to over $5M ARR. At this point, I am fairly confident that Data Poem can blitzscale to become a legitimate Unicorn. Not fluff, not fumes, clear, concrete ROI-driven revenue growth that is set up for repeatability and velocity.
This is a text book case study of the 1Mby1M Bootstrap first, raise money to Blitzscale later philosophy. I have no doubt that VCs are going to salivate to get into this rocket.
Sramana Mitra: Bharath, let’s start at the very beginning of your journey. Where were you born? What were the circumstances and what kind of background did you come from?
Bharath Gaddam: I was born in a small town in Andhra Pradesh called Tenali. My father is a production manager in a large dairy farm, and my mother is a professor in a graduation college. I did my graduation from Osmania University in instrumentation. During that time, I realized that maybe I’m not cut out for hardcore engineering, but some of that still stays with you.
Sramana Mitra: So, you’ve already laid out your investment thesis. Just a couple of quick things. How big is Fund Two right now?
Felix Hartman: It’s a $50 million fund. We’ve already closed the first $10 million and have seven companies in the cohort. The goal is to back 40 companies at the pre-seed to seed stage.
>>>Felix Hartmann, Managing Partner at Hartmann Capital, discusses his firm’s investment thesis. This segment triggered an excellent discussion on Human Augmentation.
>>>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 – Drama in Light IV
Drama in Light IV | Sramana Mitra, 2018 | Watercolor, Ink, Pastel | 18 x 24, On Paper