Sramana Mitra: Who built the company? You or your son? Mort Fertel: Both. We’re co-founders. Sramana Mitra: The idea sounds great. It came out of your personal observation of your wife’s woes with laundry. It sounds like your son has the technical expertise. What was he doing at that time when he decided to put
During this week’s roundtable, we held a Workshop on How to Build Communities of Entrepreneurs EVERYWHERE. The 1Mby1M Ambassador program has now been relaunched with a comprehensive revenue model. mKonnekt As for entrepreneur pitches, up first we had Seshu Madabushi from Dallas, Texas, pitched mKonnekt, a revenue-generating business within the restaurant ecosystem. PickMee Then, Felix Scholz
Today’s 552nd FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, November 4, 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 552nd FREE online 1Mby1M Roundtable For Entrepreneurs is starting in 20 minutes, on Thursday, November 4, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/8:30 p.m. India IST. Click HERE to join. PASSWORD: startup All are welcome!
Sramana Mitra: ARR is now your business model right? Lloyed Lobo: We look at it as ARR. For every year a company does R&D, they pay us. It’s recurring. Although we take a percentage, it’s very consistent with how much R&D they do. That’s how we model it out. Sramana Mitra: How many customers is
Entrepreneurs are invited to the 552nd FREE online 1Mby1M Mentoring Roundtable on Thursday, November 4, 2021, 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
Sramana Mitra: How did you manage the early phase where you had to stay afloat to get paid? Lloyed Lobo: With the help of loans, houses bank loans, credit cards, and very lean teams. Sramana Mitra: How many were you? Lloyed Lobo: When we started, it was just me and my co-founder. Then there was
Sramana Mitra: Let me probe one thing here. When you were doing this manual customer servicing, was it more of a rule-based engine than pure AI? Lloyed Lobo: First, it was fully manual. The rules-based engine was the Wizard-of-Oz MVP. It looks like technology but, on the backend, humans are doing it. There are two