Roundtable Recap: June 16 – Proof Points Reign in Pre-Seed and Seed

During this week’s roundtable, we had as our guest Evan Zimmerman, Chairman of Jovono, discuss his fund’s investment philosophy, especially around pre-seed and seed.

AdCreative.ai

As for our entrepreneur pitch, we had Gaurav Henry from Bursa, Turkey, pitching AdCreative.ai, an excellent revenue generating business that automates the production of ad creatives for digital marketing.

You can listen to the recording of this roundtable here:

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Featured Videos

June 23 – 580th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 580th FREE online 1Mby1M Mentoring Roundtable on Thursday, June 23, 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!

Best of Bootstrapping: PrecisionLender Bootstrapped to Over $10M from North Carolina

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

CEO Carl Ryden and his co-founders had bootstrapped Precision Lender to over $10 million from North Carolina when we spoke in 2017. This is a superb story, including how the company has formulated an AI agent, Andi.

Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and in what kind of background?

Carl Ryden: I was born in North Carolina. I grew up in eastern North Carolina in a little town called Goldsboro. Folks don’t know where that is. It’s about halfway between Raleigh and the coast. For folks who do know, I would later confess that I’m not really from Goldsboro. I’m from an area of a county that’s closest to Goldsboro, deep in the rural part of North Carolina.

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Video FAQs

Building a Capital-Efficient, Highly Scalable Smart City IoT Venture: LYT CEO Timothy Menard (Part 4)

Sramana Mitra: It sounds to me like you have very large deals in your pipeline. At some level, $5 million may be the only money you need to build this business.

Timothy Menard: Absolutely. The mindset was to build a company and be revenue-generating. Having these large contracts that pay 90% of the contract value in the first year is significant.

Sramana Mitra: Oh my goodness. That is fantastic! You won’t be able to recognize the revenue, though but cash-wise, it’s incredible for business-building.

1Mby1M Virtual Accelerator Investor Forum: With Anupam Rastogi, General Partner of Emergent Ventures (Part 3)

Anupam Rastogi: I’ll talk about a more recent investment. They’re in the privacy space. They’re helping developers develop code that is more privacy-friendly. There are a lot of these regulations including GDPR in Europe where you need to be careful about what data is being stored, how it’s being stored and processes. Developers have to manually think about that.

This company has built a set of scanners to understand the privacy implications. That has a lot of intelligence around understanding what libraries are getting called. We co-led the seed round there. This was more in the pilot stage. We connected them to several people from our network who are close to the space, we sat through some of those meetings and got a good handle that this seemed like a wide need.

Building a Capital-Efficient, Highly Scalable Smart City IoT Venture: LYT CEO Timothy Menard (Part 3)

Sramana Mitra: Santa Clara was the first that adopted your technology?

Timothy Menard: San Jose was first.

Sramana Mitra: Let’s go into the mechanics of how you built the company from a financial engineering point of view. The first grant was $250,000. You got a second grant because of the discussions with Santa Clara and San Jose.

578th 1Mby1M Entrepreneurship Podcast with Janam Mehta, Campus Fund and JSW Ventures

Janam Mehta, Partner at Campus Fund and Venture Investments at JSW Ventures, discusses the progress of the Indian startup ecosystem.

Podcast: Play in new window | Download

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578th Roundtable Recording with Janam Mehta, Campus Fund and JSW Ventures

In case you missed it, you can listen to the recording of this roundtable here: