You want to do a startup. So, you need an idea to build around. The Covid-19 pandemic has changed consumer behavior in a major way. As we move through the virus-era, much more will likely change. With this realization, we ran a poll asking which topics readers would like me to cover and discuss. The overwhelming winner was startup ideas. So, after much thought, here are eight of my most recent startup ideas. My hope is to stimulate and help my fellow entrepreneurs catalyze these ideas into profitable businesses.
>>>In case you missed it, you can listen to the recording of this roundtable here:
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
Joe Speiser, Founder & CEO of LittleThings bootstrapped his first digital media/ad network business to $50 million in revenue and then sold it to private equity. Later he started a second business, an e-commerce company, that he bootstrapped for a year and then raised venture capital. His third business, LittleThings, is a spin-off within the second business that took him back to his digital media roots. Since our conversation in 2015, LittleThings was acquired by RockYou Media, an entertainment and media company aimed at millennials, in 2018.
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?
Joe Speiser: I’m from New York and I went to school in the city. I studied at the Columbia University. I’ve been doing all sorts of businesses from a very young age. I always had a passion for trying to start something from scratch and make a living. My dad is an entrepreneur. I used to work in his warehouse for most of my summers. It definitely taught me a lot watching my dad run a business. I don’t know if it’s something that’s taught or something that you’re just genetically predisposed to. I enjoy it so much.
During this week’s roundtable, we did a global romp through startup land.
Beem
First up we had Taha Jiwaji from Dar es Salaam, Tanzania, pitch Beem, a terrific cPaaS company that is already doing over $1M in revenue.
OneNDF
Then we had Nitin Khandelwal from New Delhi, India, pitch OneNDF, a terrific FinTech company that is also doing over $1M in revenue, although not all of it through their FinTech platform yet.
Green Transport
Next Mohammed Tai and Jian Ming Lin pitching Green Transport, a concept stage idea. Mohammed is an intern in the 1Mby1M program.
You can listen to the recording of this roundtable here:
John discusses trends and opportunities within the manufacturing shop floor.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as L2L.
John Davagian: I’m the CEO at L2L. I’ve been the CEO for just about six months. I’ve spent 20 plus years in the SaaS industry, primarily on the go-to-market side, and most recently, in significantly scaling a business called Salsify. L2L is a leading SaaS platform built for global manufacturers. At its core, we deliver a pragmatic, innovative, and transformative solution.
>>>The toughest round of funding an entrepreneur seeks to raise is pre-seed investment. It sports the lowest probability of success, the highest amount of ambiguity, is poorly defined, and is causing the greatest amount of confusion and road wreck out there.
>>>Enterprise cloud security company Zscaler (NASDAQ: ZS) recently announced its quarterly results that were labelled as “jaw dropper” results. The company has had a strong run this year with the stock more than doubling within the last twelve months.
>>>Udemy has over six million students who are learning Machine Learning on the platform. Many of these students are aspiring entrepreneurs.
Here is a list of Udemy entrepreneurship courses based on the 1Mby1M methodology that would help them put one foot before the other to get a startup strategy figured out.
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