Entrepreneurs are invited to the 445th FREE online 1Mby1M mentoring roundtable on Thursday, May 23, 2019, 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
In case you missed it, you can listen to the recording here:
Sramana Mitra: Where are you now? How far along? What’s the revenue level? Sean Dawes: We’re doing millions in revenue. It’s about focusing on capturing as much market share as possible. There are still a handful competitors that are larger than us. For us, it’s growing as fast as possible while focusing on profitability. My
Sramana Mitra: What about inventory financing? Did you finance it all out of revenue or did you do some sort of bank financing? Sean Dawes: We did a combination of self-financing and bank financing. Sramana Mitra: Could you give us a range of what level of bank financing you used to leverage the company?
During this week’s roundtable, we had as our guest, Hernan Fernandez, Managing Partner at Angel Ventures Mexico. The firm invests in Mexico, Chile, Peru and Colombia. Excellent discussion on Latin America trends. Lightwing As for the entrepreneur pitches, from Bangalore, India, we had Ravitej Yadalam pitch Lightwing, a cloud monitoring and optimization solution for SMEs.
Sramana Mitra: What are the key inflection points? What strategic moves have you made that led to this? Sean Dawes: For us, it was being able to offer similar content generation that we were used to working with when we worked in-house. We launched our own content video series where we’d purchase vehicles and show
Today’s 444th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, May 16, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. Click here to join. All are welcome!
Sramana Mitra: The transition from dropship to inventory, how far did you get to dropshipping in terms of gross merchandise volume? Sean Dawes: We did over a million in annual sales before we had to inventory anything. Sramana Mitra: That’s terrific. What did you learn about the customer base? Were they auto shops or were