Entrepreneurs are invited to the 551st FREE online 1Mby1M Mentoring Roundtable on Thursday, October 28, 2021, 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!
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
E-commerce companies are relatively easy to bootstrap. In 2015, Steve Acree shared his journey bootstrapping Seismic Audio to almost $10 million in revenue.
Sramana Mitra: Let’s go back to the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
Steve Acree: I was born in Tennessee, about 60 miles north of Memphis. I went to school for computers but I’ve never used my degree. I chose the wrong computer industry. I chose the repair side instead of the software side.
Sramana Mitra: In the different segments that you talked about, what is the competitive landscape and the market share situation? Who is the market share leader in each of these categories? Where do you fit in?
Amit Saha: On the access management side, there are two top leaders, Microsoft being one of them. There are other players as well. Saviynt has a strong partnership with all of those players. On the IGA side, which is one of our core foundations, Saviynt is one of the leaders. In the PAM space, one of the market leaders is CyberArk. Then there are other private offerings.
>>>The global gaming market is projected to grow at 11% CAGR to $398.9 billion by 2026, from $192.2 billion in 2019, driven by the increased adoption of internet services, widespread availability of online games, the adoption of gaming platforms, such as E-sports. Gaming developers are responding to this high growth by providing games that are constantly improving and leveraging advanced technological capabilities in the form of real-time rendering of images. San Francisco-based Unity Software (NYSE: U) is a leading player in the market that is hoping to address this high growth through acquisitions.
>>>Sramana Mitra: How much of system integration work is involved to implement a solution like yours?
Ariel Stern: Before Ayyeka, the majority of the projects were system integrations. We said, “Ayyeka will eliminate the need for the complicated system integration. We provide end-to-end solutions that have both the hardware and software.” It’s almost like plug-and-play. We provide support tools. We provide a software component, which gets as complicated as a full-blown private installation in a customer premise or fully-hosted cloud-based solution. With that, we eliminate system integration.
>>>Amit provides an excellent overview of the Identity space and some new developments in the Managed Service Provider market that are consequential for long-term trends.
Sramana Mitra: Let’s introduce our audience to yourself as well as to Saviynt.
>>>The Big Blue (NYSE: IBM) recently reported its third-quarter results that failed to impress the market. The company is looking toward acquisitions and partnerships to drive its services segment.
>>>Have you started or are you stuck in your startup journey?
Many entrepreneurs think that they need a cofounder or a team to start, but it is really simple.