660th 1Mby1M Roundtable for Entrepreneurs Starting NOW: Live Tweeting by @1Mby1M

Today’s 660th FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, October 24, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup  All are welcome!         

Featured Videos

1Mby1M Virtual Accelerator AI Investor Forum: With Investor Gus Tai (Part 3)

Sramana Mitra: Now, I’m going to take this logic a little bit in uncharted territory. I think the most important impact of AI is in healthcare. We’re going to have a planet of 10 billion people to service from a healthcare perspective. So let’s just do back of the envelope Math. Let’s just assume that we need a 100 million trained doctors to be able to cater to that large population. We’ll probably need some 10 million hospitals and clinics to be able to manage that whole function.

So, is it possible that we can do that with AI?

Best of Bootstrapping: Bootstrapped from London to $20 Million

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Guy Mucklow, Co-founder of PCA Predict, had bootstrapped his company to $20 million when we spoke in 2016, and at one point turned down a $100 million acquisition offer. Read how he navigated his venture.

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?

Guy Mucklow: I set my company up over 20 years ago when I was in my late 30s.

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Video FAQs

1Mby1M Virtual Accelerator AI Investor Forum: With Investor Gus Tai (Part 2)

Sramana Mitra: So, coming back to entrepreneurship and investment in tech ventures, for the last 30 years that the venture capital industry has been active, as an industry, we have said services companies such as ad agencies, marketing agencies, IT services, legal services, architectural services, and wealth management services are not venture fundable companies. These are not scalable opportunities.

But human-centric AI and AI’s ability to really enhance a human being in doing some of the activities involving these services companies actually raises the question, should we start investing in these companies now?

1Mby1M Virtual Accelerator AI Investor Forum: With Investor Gus Tai (Part 1)

At a recent roundtable, we had Gus Tai, Investor, Board Member and Retired General Partner at Trinity Ventures discuss the implications of human-centric AI, white spaces, comparables, and more.

Best of Bootstrapping: Bootstrapped Meltwater to $200 Million

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Jorn Lyseggen, Founder and Executive Chairman of Meltwater, started the company in Norway and scaled organically to $200 million. His fascinating journey was shared with me in 2015.

Sramana Mitra: Let’s start at the very beginning of your story. Where are you from? Where were you born, raised, and in what kind of circumstances?

Jorn Lyseggen: I was actually born in Korea. I came to Norway as a very small child. I was three years old. I actually grew up in a little farm in the middle of a deep, dark forest in Norway. You drive for hours into the deep, dark forest and then suddenly, there’s a small opening. Then, you come to a little village with 168 families. One of those families is mine.

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AI Unicorns: SambaNova’s Chip Competes with NVIDIA

According to a recent report, the global artificial intelligence (AI) chip market size was estimated at $16.86 billion in 2022 and is expected to grow at 30% CAGR to reach $227.48 billion by 2032. While the market leader in the industry remains NVIDIA, there are other players like SambaNova that are playing in both the hardware and the software segment of the rapidly growing AI industry.

Best of Bootstrapping: Leveraged Domain Knowledge and Bootstrapped to $15M

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Ernie Bray, Chairman and CEO of AutoClaims Direct (ACD), leveraged his domain knowledge in auto insurance claims processing, and built a robust, sustainable business. When we spoke in 2015, he was using a virtual workforce strategy to scale.

Sramana Mitra: Let’s start at the very beginning of your story. Where are you from? Where were you born, raised, and in what kind of circumstances?

Ernie Bray: I was born in a small town in Central California called Porterville, California. It’s a farming community. My dad was a teacher. My mom stayed at home and took care of us. I grew up in a small town environment.

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