If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
I would like to encourage bootstrapping entrepreneurs to start thinking about certain investors as bootstrapping partners. These investors, typically, LIKE capital efficient businesses.
They do not want to force feed capital into companies, unlike certain larger funds.
Their fund sizes are small, and they are set up to make money off smaller exits. [Re: Bootstrapping to Exit]
Please listen to a few conversations to get a feel for the point of view. There are many more on the Seed Capital series on our blog. You can also listen to the 1Mby1M Podcasts for more.
Earlier this month, Meta (Nasdaq: FB), formerly Facebook, announced its first-quarter results that surpassed all market expectations. The company continues to invest in AI and its Horizon platform as it transitions towards a somewhat unclear Metaverse strategy.
>>>Sramana Mitra: There is a lot of IP that didn’t quite get anywhere. SuccessFactors is a company that was built exactly how you did it. Lars Daalgard bought the IP at a Redwood City auction and repurposed it. This is a way of building companies if you can locate IP that has value.
Simon Taylor: When we did this, there were about 17 monitoring companies focused on Citrix. All of them were entrenched. Some of them were doing $30 million to $50 million in ARR. Some of them like Splunk were doing billions of dollars a year. Entering a very crowded market like that as a no-brand, the no-name individual is almost crazy.
>>>Entrepreneurs are invited to the 574th FREE online 1Mby1M Mentoring Roundtable on Thursday, May 5, 2022, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/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!
Julie Lein: What we want to see is execution. You may not have a full-fledged product yet. You may not have everything figured out, but you’re doing things to attract attention. You’re doing things to move the customer feedback forward. That’s what we get impressed about at pre-seed. The definition has changed.
It’s typically that first round of funding, typically, less than two million. In our order of criteria, one is the team and the ability to execute. Two is, we do look at the market. We want markets where you can have a pathway to having a billion-dollar type of exit and beyond.
>>>If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page.
I am always thrilled to see great entrepreneurship in various parts of the world that are off-center. Well, Algo Founder and CEO Amjad Hussain’s journey is a great one from Detroit.
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?
Amjad Hussain: I was born in a very small village of Pakistan.
Microsoft (Nasdaq: MSFT) continues to remain unscathed with the current macro-economic conditions. For the recently reported third quarter, the company outpaced market expectations on the power of its cloud platform.
>>>Sramana Mitra: You identified some Citrix monitoring IP. Where was this IP located?
Simon Taylor: It was in Slovenia. It became the technology capital of central Europe at that time. They have become incredibly adept at artificial intelligence. With what we’re seeing in Ukraine today and the attacks by Russia, it’s extremely concerning what’s going on in that region. We were fortunate. They were able to recreate upwards of a thousand jobs across the region.
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