During this week’s roundtable, we had Vinit Bhansali, Founder and General Partner at Takshil Venture Partners, discuss how his firm is investing in India.
Indorve
As for our entrepreneur pitch, we had Adesh Kumar from Jhansi, India, pitch Indorve. It sounded to me like a TaskRabbit for India. Good idea!
You can listen to the recording of this roundtable here:
IBM (NYSE:IBM) reported its second quarter results earlier this week that outpaced market expectations. Despite the headwinds due to the current geo-political situation, IBM reiterated its outlook for the rest of the year.
>>>Sramana Mitra: You know, I read something interesting as you’re talking about this idea of glasses and the augmentation of your experience.
>>>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.