Sramana Mitra: Has your sports league business come to a complete standstill? Kristi Herold: Yes, it’s gone, but it will come back. Sramana Mitra: Yes, it will come back, but you will just have to survive this period.
Sramana Mitra: It also depends on what you are trying to accomplish because cash acquisitions are easy to rationalize on your balance sheet. If it’s an equity acquisition joint venture with another player, then that is not so easy to value. That is why I was probing that issue. Let’s go back to what happened
Entrepreneurs are invited to the 530th FREE online 1Mby1M Mentoring Roundtable on Thursday, May 13, 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: What was your revenue in 2016 when you decided to switch gears? Kristi Herold: We were doing $6.5 million in revenue. Sramana Mitra: That is substantial for a word-of-mouth business.
During this week’s roundtable, we had as our guest Stefan Batory, Co-founder and CEO of Booksy, a SaaS-enabled marketplace venture. Koi Reader As for our entrepreneur pitch today, we had Ashutosh Prasad from Dallas, Texas, pitching Koi Reader, a bootstrapped IoT company for the logistics industry. Fitness Locater We then had a conversation with entrepreneurs
Sramana Mitra: Give me the highlights of your strategy in growing this thing to that level. How long did it take you to achieve $1 million in revenue? Kristi Herold: It took me 8 years to get to $1 million in revenue. Sramana Mitra: In 1996, you started the business and then in 2004, you
Kristi Herold: I called everyone in my address book. I would also say, “If you know anyone that you think might be interested, will you send me their contact info?” I had friends faxing me their address books and then I would go through their address books and call everyone and tell them my idea.
Entrepreneurs are invited to the 529th FREE online 1Mby1M Mentoring Roundtable on Thursday, May 6, 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