Roundtable Recap: November 4 – The 1Mby1M Ambassador Program for Building Entrepreneurship Communities

During this week’s roundtable, we held a Workshop on How to Build Communities of Entrepreneurs EVERYWHERE. The 1Mby1M Ambassador program has now been relaunched with a comprehensive revenue model.

mKonnekt

As for entrepreneur pitches, up first we had Seshu Madabushi from Dallas, Texas, pitched mKonnekt, a revenue-generating business within the restaurant ecosystem.

PickMee

Then, Felix Scholz from Auckland, New Zealand, pitching PickMee, a PropTech product.

You can listen to the recording of this roundtable here:

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Featured Videos

Best of Bootstrapping: Bay Dynamics Co-founders Bootstrapped Using Services

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

Bay Dynamics Co-founders Feris Rifai and Ryan Stolte wanted to work together on a new venture. They first built a services company, then introduced an OEM product, and eventually bootstrapped a product under their own brand. When we spoke in 2016, the company had just raised its first venture money after many years of being in business as a profitable, growing entity.

Sramana Mitra: One of you should probably get started. I want to go back to the very beginning of your journey, and learn about your pre-Bay Dynamics story. Where were you born, raised and, in what kind of background?

Feris Rifai: I was born in Beirut, Lebanon. That’s where I was raised till I was 18 years old. I then came to the United States to go to college. I went to school at Indiana University. It was a great experience for me. Throughout my journey when I was much younger in Lebanon, it was a bit of a difficult upbringing because we couldn’t find a way to get safety to be a part of our lives. I think it’s taught me a lot. It has helped me be, believe it or not, very optimistic.

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552nd Roundtable For Entrepreneurs Starting NOW: Live Tweeting By @1Mby1M

Today’s 552nd FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, November 4, 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!

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552nd Roundtable For Entrepreneurs Starting In 20 Minutes: Live Tweeting By @1Mby1M

Today’s 552nd FREE online 1Mby1M Roundtable For Entrepreneurs is starting in 20 minutes, on Thursday, November 4, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/8:30 p.m. India IST. Click HERE to join. PASSWORD: startup  All are welcome!

Bootstrapping a Two-Sided Marketplace: Mort Fertel, CEO of SudShare (Part 1)

This is an insightful story of a family that has built an interesting two-sided marketplace business for outsourcing laundry services.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born and raised? In what kind of background?

Cloud Stocks: Atlassian Expands Beyond IT Offerings

Atlassian (Nasdaq: TEAM) recently reported its first-quarter results that continued to surpass estimates. The company continues to expand its product offerings to cash in on the continuing demand for cloud-based enterprise collaboration tools.

Thought Leaders in Artificial Intelligence: Salil and Kiran Pande, Co-Founders of VMock (Part 3)

Sramana Mitra: What is the pricing structure? How much are colleges and universities willing to pay to train their student body in just the elevator pitch?

Salil Pande: We don’t ask that question. Our thing is we’re trying to be a collaborator with the university.

Sramana Mitra: But you’re doing $5 million plus in revenue.

548th 1Mby1M Entrepreneurship Podcast with Lloyed Lobo, Co-Founder of Boast.ai (Part 6)

Sramana Mitra: ARR is now your business model right?

Lloyed Lobo: We look at it as ARR. For every year a company does R&D, they pay us. It’s recurring. Although we take a percentage, it’s very consistent with how much R&D they do. That’s how we model it out. 

Sramana Mitra: How many customers is $10 million ARR for you?