Sramana Mitra: Great. How far does this bring us to? You mentioned that you went up to $25 million with no outside financing. Would these two major strategic approaches cover that 0 to $25 million journey? John Pope: That gets us to $25 million. We’ve always had a broad appeal. Our product works for 99%
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Cambridge, England is a great place for high-end technical talent. This story traces the journey of a group of such talented people with core expertise in Natural Language Processing, and how they turned their expertise into a robust, profitable business. Sramana Mitra: Let’s start at the
Sramana Mitra: How did it impact the revenues? How long did it take for you to start producing really strong multipliers on your revenue numbers using the channel? John Pope: It had an immediate impact. We were starting from nothing back then but we’ve built a third of our business through the indirect channel. We’re
Sramana Mitra: Let’s got into the block-by-block journey of how you got to $25 million. What were some of the first strategic moves that you made that set you up for that journey? Just walk me through the strategic process of navigating through to $25 million. John Pope: The first one was a lesson that
Entrepreneurs are invited to the 363rd FREE online 1Mby1M mentoring roundtable on Thursday, August 10, 2017, at 8 a.m. PDT/11 a.m. EDT/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 can register
Sramana Mitra: Where there is something wrong is this crazy glamorization of unicorns and fundraising. That is really unhealthy and it is really destroying the entrepreneurship ecosystem. John Pope: I completely agree. In closing on that, what I didn’t want to do was have a business and then stop working hard. Maybe this will resonate
In case you missed it, you can listen to the recording:
During this week’s roundtable, we had as our guest Ken Anderson, Director of Entrepreneurial and Small Business Support, Division of Small Business, Development and Tourism, Delaware Department of State. Ken discussed the partnership between 1Mby1M and his agency. Throughout the roundtable, we had discussions on economic development strategies for government agencies. Spexciton Biosciences As for