558th Roundtable For Entrepreneurs Starting NOW: Live Tweeting By @1Mby1M

Today’s 558th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, January 6, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 p.m. India IST. Click HERE to join. PASSWORD: startup  All are welcome!

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558th Roundtable For Entrepreneurs Starting In 30 Minutes: Live Tweeting By @1Mby1M

Today’s 558th FREE online 1Mby1M Roundtable For Entrepreneurs is starting in 30 minutes, on Thursday, January 6, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 p.m. India IST. Click HERE to join. PASSWORD: startup  All are welcome!

Bootstrapping by Piggybacking: Evenica CEO Sadek Ali (Part 4)

Sramana Mitra: They replaced you as the CEO.

Sadek Ali: They tried to. I was the Founder and CTO. My business partner was the CEO. They hired a CEO.

Sramana Mitra: The business got replaced by their CEO.

Sadek Ali: Yes.

Sramana Mitra: That didn’t go well.

Video FAQs

Building a 2-sided Farm to Table Marketplace from Indiana: Nick Carter, CEO of Market Wagon (Part 4)

Sramana Mitra: What happens when COVID strikes?

Nick Carter: Everything in our company is measured on week-over-week sales. I can remember my co-founder texting me one Sunday afternoon saying, “We had a nice week today.” The sales volume grew 600% in one week. It’s because everybody had to stay home. They needed delivery. The traditional supply chain could not keep up with the demand.

1Mby1M Incubation Radar 2022: OneNDF, New Delhi, India

OneNDF is a small business loan marketplace that handles all the loan requirements of SMBs and specializes in Secured Loans. It started off as an offline loan marketplace in 2013. It launched its video powered loan marketplace in August 2021 to provide SMBs access to credit facilities through technology. It has 95 lenders and has generated revenue of over $100k through the platform in just 4 months. 

Bootstrapping by Piggybacking: Evenica CEO Sadek Ali (Part 3)

Sramana Mitra: You joined that other company, but you kept the software services that was going in parallel.

Sadek Ali: Correct. Then we ended the business when I went to New York. From there, I came home because I felt that I had enough experience to do my own raise with my own ideas. In this next company, I was doing crypto and all that stuff. I learned how to do a raise and had my biggest failure at that point. It was then that I finished my PhD.

Sramana Mitra: What didn’t work in crypto?

Best of Bootstrapping: Bootstrapped Y Soft to $30M from the Czech Republic

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

This is a wonderful story of a Czech entrepreneur, Vaclav Muchna, Co-owner and CEO of Y Soft. At age 22, at a time when his country was far from ready to support entrepreneurs, he struggled through immense odds and has built a global business. Read on for inspiration and excellent lessons from our discussion in 2017.

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?

Vaclav Muchna: I was born in Czech Republic. I studied electronics in high school, which I didn’t like. It was not possible back then that would parlay into the software industry. Because the country was not so developed, access to technologies was limited. I really didn’t like the school. I was born and raised in Prague and then moved to Brno which is the largest city.

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Building a 2-sided Farm to Table Marketplace from Indiana: Nick Carter, CEO of Market Wagon (Part 3)

Sramana Mitra: From your network, how big of a consumer base were you able to pull together?

Nick Carter: We got to about 70 to 80 orders a week, which is $2,500 to $3,000 in sales. It was enough of a critical mass.

Sramana Mitra: How long did it stay in just Indianapolis?

Nick Carter: The first year.