Today’s 375th FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, November 9, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!
Entrepreneurs are invited to the 375th FREE online 1Mby1M mentoring roundtable on Thursday, November 9, 2017, at 8 a.m. PST/11 a.m. EST/9:30 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 can register
Sramana Mitra: Fantastic. That’s your big hit from the product company. You’ve built about $18 million worth of revenue across these three businesses. I believe you have raised some financing. Can you tell me a bit about the financing history about the company? Rohith Bhat: We raised our first round in 2013 from Kalaari Capital.
Sramana Mitra: Both of them were structured as subsidiaries of Robosoft? Rohith Bhat: Yes. Sramana Mitra: You continued Robosoft with the regular format of doing services projects? Rohith Bhat: Yes. Sramana Mitra: What was the revenue level of Robosoft at this point when you launched these two companies?
Sramana Mitra: These were projects that Apple gave you to build these apps? Rohith Bhat: We had customers of our own. We built it for them. Apple gave us the SDK. Sramana Mitra: This was very early. My question is how did you find clients to build products for the Apple App Store? Rohith Bhat:
Sramana Mitra: What kind of revenue levels were you operating at? Rohith Bhat: We were still at a million dollars. Sramana Mitra: You were steady at a million dollars from 1998 to about 2002. Rohith Bhat: In 1998, we were much smaller. By 2002 to 2003, we hit a million dollars in revenue. We were steady
Sramana Mitra: Chronologically, we are in the 1996 to 1997 timeframe? Rohith Bhat: Yes. From 1996 to 1998, we worked for, at least, five to six companies. I have not met any of these folks from the United States. I was in Bombay. Getting talent for my startup was now becoming a little bit difficult
Entrepreneurs are invited to the 375th FREE online 1Mby1M mentoring roundtable on Thursday, November 9, 2017, at 8 a.m. PST/11 a.m. EST/9:30 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 can register