IoT companies have often been system integrators. Ariel discusses an end-to-end solution strategy that includes both hardware and software.
Sramana Mitra: Let’s start by introducing our audience to yourself and Ayyeka.
>>>This report from CB Insights ranks the 100 most promising B2B retail tech companies in the world that have together raised $14.8 billion in funding. It also provides insights into the leading categories and trends in the industry. For this week’s posts, click on the paragraph links.
>>>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 – Red Barn, Vermont, III
Red Barn, Vermont, III | Sramana Mitra, 2020 | Watercolor | 9 x 12, On Paper
Martin Neale: From our perspective, we understand that the Microsoft sellers provide a specialized service. They typically will be happy to talk to you if you have gone through some of the activities required. You are a Microsoft partner. You have signed up through their co-selling program. If you do those things and your proposition aligns, then that is the time where regular communications happen.
Sramana Mitra: The kind of price point you’re talking about, that’s not necessarily very large deals. But you’re saying that the direct sales force still works with that kind of deal size.
>>>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 – Red Barn, Vermont, II
Red Barn, Vermont, II | Sramana Mitra, 2020 | Watercolor | 9 x 12, On Paper
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!
During this week’s roundtable, I coached a startup from Tyler, Texas called Zil Money. Very interesting company, and now a part of the 1Mby1M Premium program.
You can listen to the recording of this roundtable here:
Sramana Mitra: What range would you put on your first two categories?
Steven Mitzenmacher: It’s so subjective. I used to live at a time when an enterprise software company could expect a 2.5 to 3 times revenue to be an appropriate multiple. Then you get into the SaaS world where it’s 30 to infinity times. Similarly, now being in the world of professional services, you used to live in a world where 1 to 1.5 times was appropriate. Now you see sexy cloud consultancy companies selling for 4 to 6 times revenue.
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