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 – a painting, a poem, a piece of music, so forth – 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 – Winter Storm, Monochrome
Winter Storm, Monochrome | Sramana Mitra, 2018 | Watercolor, Pastel, Ink | 18 x 24, On Paper
Sramana Mitra: Are you saying that you have opened up your platform to software developers who want to augment your platform that you then offer to your 40,000 sites?
Greg Smith: Yes, we’re doing that. We have some people who have been doing that for quite some time. We are opening it up more and more to others. The other thing that is a great way for entrepreneurs to get started is to start with services.>>>
Sramana Mitra: One question that arises from this discussion that I would like to explore is, how do you view long sales cycle enterprise deals? It sounds like the kind of technology that you like the most are these deep technologies catering to large enterprise customers where there is typically a long sales cycle.
If you’re doing little deals, you can get into some amount of recurring revenue quickly. You can start showing MRR.>>>
Blackbaud + global virtual accelerator One Million by One Million (1Mby1M), are pleased to announce the winners of the “Social Good Startup Challenge”. As part of our commitment to expanding the Ecosystem of Good®, Blackbaud and 1Mby1M launched the Social Good Startup Challenge in October for startups focused on solving problems that matter to the social good community. Fourteen early-stage software companies were selected to claim a spot in the January 2020 cohort.
Greg Smith: Another trend is the mass adoption of online learning. People
across all socio-economic demographics are going to online learning as the first place to look for things. It’s becoming more and more acceptable.
In fact all the marketplaces out there for online learning have helped build this trend. That is the pull behind the whole industry. If everyone is going online to learn, that creates this massive demand. That allows companies like us to go and say, “I’ve got something I want to teach these people. Let’s put it online.” I see that continuing to grow.>>>
According to an Allied Market Research report, the global self-driving truck market is expected to grow 10% annually to $1.7 billion by 2025. TuSimple is an AI unicorn in the autonomous truck category.>>>
Kevin Groome, Founder of Pica9, has done an excellent job of bootstrapping his tech company without a tech background. Inspiring story for many in his shoes.
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?
Kevin Groome: I grew up in Princeton, New Jersey. I went to school there. I had the good fortune, in those early years, to be around a bunch of people who weren’t famous at that time but went on to be very famous. I went to History class with Jeff Bezos. I went to English Literature class with Michelle Obama, and I even went to acting class with Brooke Shields.
Sramana Mitra: What sized checks do you write?
Karthee Madasamy: Right now, we write between $1 million and $3 million. We may go up to $4 million. We keep about one-to-one reserve for follow-on. We can lead a round. For larger Series A’s, we follow.
Sramana Mitra: If it’s a $1 million check, you can do that yourself?>>>