A very effective way to dance the entrepreneurial Waltz is to do a bootstrapped company first, sell it, and then do another with a more ambitious agenda. Jeremy’s journey is a great case study in this method.
Sramana Mitra: Let’s go to the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
>>>Teachers need to inspire their students to ideate, guide them on how to evaluate their ideas and make sure they are viable and scalable.
>>>Every student is different, every entrepreneur is different, and every sector is different. It is important to study domain-specific case studies to validate a concept, discover product-market fit, and learn about various forms of startup funding. Based on your student’s interest, point them to the right resources that can help them understand a domain’s opportunities and pitfalls.
>>>Entrepreneurs are invited to the 554th FREE online 1Mby1M Mentoring Roundtable on Thursday, November 18, 2021, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 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!
Hamiz Awan: One example is the Ethereum network. It’s essentially a plug-and-play Blockchain solution. If you want to build a Blockchain startup, you don’t have to go and build a Blockchain yourself. You can just plugin to the Ethereum network that already has the infrastructure, security, and incentives figured out. You are just using it like you’re using the internet to build Facebook.
In order for anybody to use the Ethereum network, they have to pay a certain fee to process their transaction. That fee has to be paid, and it’s the second largest digital asset in the world.
>>>Earlier last month, Ontario-based Shopify (NYSE:SHOP) announced its quarterly results that missed market expectations. Shopify continues to invest in product upgrades while benefiting from social partnerships with players like TikTok, and several partner integrations.
>>>Sramana Mitra: What are the metrics? How many buy side and how many sell side do you have?
Mike Rosenbaum: We have over 50,000 locations across Australia and over 200,000 members on our platform. In the US, we have over 10,000 locations now. It’s growing rapidly. The key thing for us is to keep balancing supply and demand at that hyperlocal level. That’s something we’re optimizing.
>>>Considering how omnipresent the topic of fundraising is in the entrepreneurship media, it is entirely reasonable to dedicate a quarter or a semester to teaching how investors think.
>>>