Gans Subramanian, Managing Partner at Hourglass Venture Partners, and a former 1Mby1M Premium member who has now formed his own venture fund.
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Sramana Mitra: What were the deal sizes?
Juha Lehtonen: It was very little – annual fees of €20,000. It was more like an advertisement for us. In addition to developing the platform, we did quite a lot of projects. We needed to self-finance. After the initial investment, we didn’t raise any other capital. That was the only capital we got. We ended up building up a consultation business.
>>>Israel-based Wix.com (Nasdaq:WIX) recently announced its fourth quarter results that failed to meet the market’s expectations. The company continues to release new products and services to help small businesses expand their online presence.
>>>Naganand Doraswamy, Managing Partner and Founder at Ideaspring Capital, adds to our thesis on great investment opportunities within the sub $100 million exit space.
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European companies often follow a methodical, deliberate approach to business building as opposed to mindlessly chasing venture capital.
Juha has used the principles of bootstrapping using services to build his venture from Finland.
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?
>>>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 – Winter in Yosemite II
Winter in Yosemite II | Sramana Mitra, 2020 | Watercolor, Brush Pen | 9 x 12, On Paper
Christopher Mirabile is Senior Managing Director at Launchpad Venture Group. We have an awesome conversation about a non-Unicorn chasing investment philosophy.
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Sramana Mitra: It’s true about men also. Unless you come from our kinds of backgrounds, you don’t reach this community. If you come from an average background, you don’t have much of a choice than go through the bootstrapping route. We belong to a very privileged elite class of people who have access. Most of the industries don’t have that access.
Aparna Dhinakaran: Maybe we agree to disagree on this one.
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