Bootstrapping to Exit from Saudi Arabia: Emad Daghreri, Co-Founder CEO of Autobia (Part 4)

Sramana Mitra: So in the early stages, you’re doing $50K to $300K projects across two or three different types of work – the technology, the consulting, the project management, etc. How does the revenue progress in 2013-14? What kind of revenue levels did you reach?

Emad Daghreri: I’m not sure about the specific numbers, but we were always cash flow positive.

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Bootstrapping to Exit from Saudi Arabia: Emad Daghreri, Co-Founder CEO of Autobia (Part 3)

Sramana Mitra: Let’s go back to the 2012-13 time frame. You’ve done this $50,000 project, are seeing other kinds of competitive situations where you can play a role, are automating, and you’re turning everything into a digital competition. At that point in the 2012-2013 time frame, what was the price point?

Emad Daghreri: It was based on the size of the project.

Colors: Alone 2

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 2

Alone 2 | Sramana Mitra, 2022 | Watercolor, Pastel, Ink | 8  x 8, On Paper

Bootstrapping to Exit from Saudi Arabia: Emad Daghreri, Co-Founder CEO of Autobia (Part 2)

Sramana Mitra: Interesting. This particular project that really gave you this breakthrough situation, was it paid or was it just a complimentary thing that you were doing for Mr. Ahmed?

Emad Daghreri: It was a complimentary thing.

Sramana Mitra: So, once this worked, you took it to other people to replicate this kind of situation.

Bootstrapping to Exit from Saudi Arabia: Emad Daghreri, Co-Founder CEO of Autobia (Part 1)

Emad bootstrapped his first company and took it public in the junior stock exchange in Saudi Arabia. He is now doing a second company. This interview focuses on his bootstrapping to exit story with the first one.

Sramana Mitra: Emad, let’s start at the very beginning of your journey. Where are you from? Where were you born? Raised? What kind of background?

Colors: Alone 1

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 1

Alone 1 | Sramana Mitra, 2022 | Watercolor, Pastel, Ink | 8  x 8, On Paper