John McEleney: One of the best things about a SaaS solution is that it’s very easy to get multiple people and locations to get onboard. The strategy with respect to Creo is to continue to improve the core base and then embrace and extend it with other cloud-related applications and functionalities.
We’re not forklifting everybody to our cloud offering. That being said if customers are leaning in, we also are not saying, “You have to stay with your legacy product.” There are many large customers that are going through the early evaluation process. They’re using Onshape as a glue to connect customers.>>>
Suman Talukdar is Founder and Managing Partner at AiSprouts.VC.
Sramana Mitra: Your primary business has been the e-commerce services business. You sunsetted the call tracking business. Then the rest of the product portfolio supported your services business. There was no other product that really took off, but you have more products that you have introduced to the market.
Jordan Brannon: Yes. We have a couple of smaller paid recurring apps. We have automated backup solutions for both Shopify and BigCommerce stores. Then we also have the LMS platform. We also have that recruiting software, which is now being used by about 800 companies.>>>
I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Monsoon in Goa, Yellow Roof II
Monsoon in Goa, Yellow Roof II | Sramana Mitra, 2020 | Watercolor, Pastel, Brush Pen | 6 x 9, On Paper
In case you missed it, you can listen to the recording here:
In general, Bootstrap First, Raise Money Later is the best strategy. You need to be ready to raise money.
If you decide to raise money, I strongly suggest you read the 1Mby1M Seed Capital series of interviews on our blog ASAP. We’ve profiled investor after investor to understand their investment thesis. You need to get in their heads and get a sense of what they’re looking for, especially if you’ve never raised money before.
Remember, Investors are looking to multiply the money that they put into startups.
John McEleney: When PTC acquired Computervision in early 2000s, they stumbled upon a company called Windshield Technologies that Computervision had invested in and ultimately acquired. Windshield was based out of Minnesota and founded by Jim Heppelmann. It was the first cloud-based PLM system. The idea behind it is that you can manage data with links and allow the information to be managed in a much easier system.>>>
During this week’s roundtable, we had as our guest Suman Talukdar, Founder and Managing Partner at AiSprouts.VC.
As for entrepreneur pitches, this week we had Shantanu Dev from Plainsboro, New Jersey, pitch Examd, an online exam proctoring solution.