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 – Alone 3
Alone 3 | Sramana Mitra, 2022 | Watercolor, Pastel, Ink | 8 x 8, On Paper
Social engagement player Reddit (NYSE: RDDT) finally went public earlier this year. Reddit had been eyeing a listing for a while and had filed an S1 in 2022. But the market conditions delayed the listing. The recent listing appears to be doing well so far.
>>>Entrepreneurs are invited to the 652nd FREE online 1Mby1M Mentoring Roundtable on Thursday, August 29, 2024, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!
In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, we had two pitches.
Olive Stacks Education
First, we had Jerry Nwodobo from Lagos, Nigeria, pitch Olive Stacks Education, an EdTech venture.
Endeavour Education
Next Amol Namjoshi from Mumbai, India, pitched Endeavour Education, also pitched an EdTech venture concept.
In both cases, and in EdTech in general, assuming that you can create vast ranges of EdTech content is naive. It’s extremely expensive to create high quality, differentiated content that can get people to pay. Also, the competitive landscape in EdTech is very noisy at this point.
You can listen to the recording of this roundtable here:
Sramana Mitra: So you exited this company, and you have started another company now, right?
Emad Daghreri: Yes.
Sramana Mitra: You and your partner bootstrapped the first company. You did not take any external financing and you were profitable all along. Can you speak on how you feel about bootstrapping to exit versus company that is built in the venture model? How has your thinking been in terms of building a bootstrap company versus a venture funded company? How is that thinking evolving as you go along? Tell me more.
>>>Sramana Mitra: So, Emad, I’m going to try to synthesize all the things that you said into something that people can understand better. What I’m hearing is that in 2019 when you started restructuring the company, you created platforms for doing not only competitions and engagement but also event management and grant management.
>>>Sramana Mitra: How did your journey evolve in that 2012-17 period. How far did you get from a revenue growth point of view?
Emad Daghreri: Until 2017, the demand was high, and we started getting million dollars contracts. I had to open a technology hub in Bangalore and Jordan just to be able to keep up with the demand.
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