During this week’s roundtable, we discussed three businesses and a lot of related methodology.
Orykl
First up, Huenu Solsona from Cape Town, South Africa, pitched Orykl, a 2-sided marketplace for spiritual healers.
Global Driver’s Club
Next up, Jay Velayutham from Dallas, Texas, pitched Global Driver’s Club, a concept-stage venture.
eNano Technologies
Then Alex Moreno from Berkeley, California, pitched eNano Technologies, a miniaturized BlueTooth chip.
You can listen to the recording of this roundtable here:
There’s an AI blah blah blah phenomenon right now all over the industry!
“Product growth is plateauing or declining but we have AI that will rejuvenate everything …”
Well, AI will do what?
What is the exact positioning of your AI offering?
>>>Last month, ServiceNow (NYSE:NOW) reported its first quarter results that soared past market expectations. Its outlook was marginally shy of the market’s expectations due to continued macro pressures.
>>>Sramana Mitra: How did you get that off the ground?
Erik Severinghaus: It began with me just investing my own personal money – the money I made at IBM and some of the money that I made at iContact. After maybe a year or so of running it, I started to look for outside capital and raised about a million dollars seed round.
Sramana Mitra: When you went out to raise your seed round, what was the situation? Did you already have a product in the market? Did you have customers?
>>>Today’s 641st FREE online 1Mby1M Roundtable for Entrepreneurs is starting NOW, on Thursday, May 23, 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 641st FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, May 23, 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!
Erik discusses his journey as a serial entrepreneur and we deep dive into the Positioning of Bloomfilter.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and what kind of background?
>>>As discussed, the Venture Capital model looks for hyper growth startups that grow at an exponential pace. Companies that can go from 0 to $100M in revenue in 5-7 years.
Hyper Growth is not a natural state of business. Most businesses grow at a linear pace at best.
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