Dr. Aniruddha Malpani, Founder of Malpani Ventures, is an active angel investor in Indian startups for the past decade. Wonderful conversation.
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There are 22 million restaurant locations globally generating more than $2.6 trillion in annual sales in 2021. Within the US, there are approximately 860,000 restaurant locations. US restaurants generated nearly $700 billion in sales last year and are expected to grow to $1.1 trillion by 2024. Recently listed Toast (NYSE: TOST) is helping adapt the restaurant industry to the digital world.
>>>In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had as our guest Dr. Aniruddha Malpani, Founder of Malpani Ventures, an active angel investor in Indian startups for the past decade. Wonderful conversation.
You can listen to the recording of this roundtable here:
Sramana Mitra: What worked?
Mike Rosenbaum: It’s hard to say when we started getting product-market fit. Over time, we just got better and better at targeting the right customers whether that was through Google or Facebook or offline channels. Eventually, it was word of mouth. Now, most of our new supply is people telling other people about the positive experience that they’ve had.
>>>This feature form Bloomberg analyzed the brewing rivalry between Apple and FB around wearables, AR/VR headsets and home devices. For this week’s posts, click on the paragraph links.
>>>Sramana Mitra: Did you launch with your own money?
Mike Rosenbaum: We made a lot of mistakes as well. We did okay. I put in some of my money. I had a new co-founder, Roland. He came from private equity background and had a very complementary skillset. He was more of a finance and strategy guy. We had met over the previous 12 months or so. We kept in touch. We put in some money. We raised some money from our network.
Sramana Mitra: Give me more specifics. What did you raise money with? Did you do an MVP?
>>>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 – Cliffs IV
Cliffs IV | Sramana Mitra, 2020 | Watercolor | 9 x 12, On Paper