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beenverified
Best of Bootstrapping: Co-founders Bootstrapped with Angel Money
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Building businesses has become cheaper by several orders of magnitude. When we spoke in 2015, Co-founder Josh Levy and his team took just over $2 million in angel financing, and had built a profitable business in New York. For those entrepreneurs facing the Series A crunch,
Best of Bootstrapping: Co-founders Bootstrapped BeenVerified with Angel Money
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Building businesses has become cheaper by several orders of magnitude. When we spoke in 2015, Co-founder Josh Levy and his team took just over $2 million in angel financing, and had built a profitable business in New York. For those entrepreneurs facing the Series A crunch,
Bootstrapping with Angel Money: Josh Levy, CEO of BeenVerified (Part 7)
Sramana Mitra: I imagine, given what you’re doing right now, you’re already substantially profitable. Josh Levy: We run a profitable business. We try to invest every dollar back whether it’s additional hires, marketing, or content licensing. We still see so much opportunities in data and where the broader space can go. Sramana Mitra: That’s actually an interesting
Bootstrapping with Angel Money: Josh Levy, CEO of BeenVerified (Part 6)
Sramana Mitra: Besides the $600,000 and the $200,000 that you raised, did you raise more money? Josh Levy: We did. We did a Series B with another high net worth extended friends and family group for around $1.3 million in 2012. Sramana Mitra: So you’ve raised over $2 million to build the business. Josh Levy:
Bootstrapping with Angel Money: Josh Levy, CEO of BeenVerified (Part 5)
Sramana Mitra: You started finding these use cases and segments as you launched in 2010. What did you learn about the business model and the pricing model? How did those decisions evolve and how did that turn into revenue? Josh Levy: It’s a good question. Subscription models have been around forever, but they’ve also gotten
Bootstrapping with Angel Money: Josh Levy, CEO of BeenVerified (Part 4)
Sramana Mitra: I’m interested in more granular information. Josh Levy: I think TV is a great example. In 2007 to 2010, television was cheap. The market and the economy were down. It was a great time for us to step in and grow the brand through television. At that time, we had been trying Facebook
Bootstrapping with Angel Money: Josh Levy, CEO of BeenVerified (Part 3)
Sramana Mitra: What are the use cases? What are the drivers to want to subscribe to something like this? In my life, for instance, if I need to check somebody out, I go to LinkedIn and look at their profiles. Josh Levy: If I have to pick the hardest problem for BeenVerified, it’s that we
Bootstrapping with Angel Money: Josh Levy, CEO of BeenVerified (Part 2)
Sramana Mitra: In 2007 when you started with this concept, did you raise money? Did you bootstrap? How did you get the business off the ground? Josh Levy: We bootstrapped it for a couple of months. My co-founder and I were working out at his house in his living room. Right around the time when
