Today’s 657th FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, October 3, 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!
Today’s 657th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 20 minutes, on Thursday, October 3, 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!
Sramana Mitra: So, six to seven years of Upwork. What revenue level were you able to reach? How many people did you have in the company?
>>>If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
Founder CEO Sean Minter has bootstrapped AmplifAI to $1M, and then raised over $15M in two rounds of financing. Read on to learn the nuances of his strategy and execution.
Sramana Mitra: All right, Sean, let’s start at the very beginning of your journey. Where are you from? Where were you born, raised? What kind of background?
Sean Minter: My background is Indian. My parents are from Indore and Bhopal in India. I’ve been in the US most of my life. I came here when I was three years old and was educated here.
Sramana Mitra: I can resonate with the time that you’re talking about. In the last ten years, I would say things have really progressed. But at that time, it was still a bit early, especially for these kind of ideas. EdTech is notoriously hard to sell. And schools are notoriously hard to sell to.
>>>If you work in tech and are seeing your entrepreneurial friends build their own businesses, you might be wondering if it’s possible for you to do the same without giving up your full-time job. The answer is YES – it’s not only possible, but it’s also a major trend in today’s entrepreneurial landscape.
The truth is, you don’t have to take the plunge into full-time entrepreneurship immediately. In fact, many successful founders, like Girish Navani of eClinicalWorks, built thriving businesses while keeping their day job. The key is to validate your business idea – talk to customers, ensure they’re buying, and confirm that your idea has traction.
Our Bootstrapping a Startup with a Paycheck course is designed for people just like you: tech workers with big ideas but also financial obligations. Entrepreneurs today are navigating the risky, cash-strapped early stages of their startups by leveraging their steady paycheck, or sometimes, their spouse’s income, to stay afloat. Learn directly from entrepreneurs who have successfully walked this path and gain insights on how to validate your idea, manage risk, and decide when to make the leap.
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According to a recent research report, the global AI data management market is estimated to grow 23% annually through to 2030. The market was pegged at $25.53 billion in 2023. Campbell, California-based Weka is a fast growing company in the space.
>>>Sramana Mitra: What was the startup that you were working on?
Ayush Jain: At that time, I was working on launching a website focused on exchanging old and new books. The idea was for people to list their books online, similar to eBay, but specifically for books. Other people could then buy them. As a book reader, I noticed that many people have lots of books, and I wanted to create a solution for that.
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