Entrepreneurs are invited to the 557th FREE online 1Mby1M Mentoring Roundtable on Thursday, December 16, 2021, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 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!
Sramana Mitra: How long did you stay with Nationwide?
Vamsi Kora: I stayed until 2007. I became a full-time employee in an initial management position. Then in 2007, I moved across town to join JP Morgan. JP Morgan bought Bank One. I kept on growing in my career rapidly. I felt that my two interests are enterprise data and building impactful global teams. That aligned very well with the opportunities I got at Chase. That helped me hone my skills.
Sramana Mitra: How long did you stay there?
>>>Two articles this week attempt to demystify the myth.
In The Economist, the phenomenon is explained thus:
>>>The term is elastic, but in essence it makes the proposition that the pandemic has provoked a cultural shift in which workers reassess their priorities. People in low-status jobs will no longer put up with bad pay or poor conditions, while white-collar types scoff at the idea of working long hours. Some people have become lazier or feel more entitled; others want to try something new, or desire money less because they have come to appreciate the joys of a simpler life. This is, supposedly, leading to a tsunami of resignations and dropouts. There is just one catch: the theory has little hard evidence to support it.
Seong Kim, Corporate Strategy & Development for Chegg Inc., discusses exit strategy within EdTech.
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The Global Expense Management Software market is estimated to grow at 16% CAGR from $5.5 billion in 2020 to to $13.3 billion by 2026. San Mateo-based Coupa (Nasdaq: COUP) is building on its PaaS initiative to target this high growth market.
>>>Vamsi has bootstrapped Gathi to over $26M in revenue in four years and exited at a fabulous multiple. Much to learn from his journey.
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?
>>>This feature by Micah Rosenbloom and Joseph Flaherty on Founder Collective reiterates the 1Mby1M philosophy of not overdosing on venture capital. For this week’s posts, click on the paragraph links.
>>>Most businesses can be launched in a capital efficient manner. Most businesses can go a long way in a bootstrapped mode. As long as you’re not taking on capital guzzlers like drug discovery or semiconductor chips, you have many options to explore.
At 1Mby1M, we don’t insist on fund raising. A bootstrapped, capital-efficient, million dollar business is considered a success in our worldview, as long as you are profitable and sustainable.
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