Sramana Mitra: What year is that? Paula Tompkins: 1985. Sramana Mitra: Tell us a bit about the idea and how you came up with it. Paula Tompkins: As I mentioned, the idea was that personal computers were gaining popularity. In 1985, there were about 10 million personal computers. There was the Macintosh, which had just
Entrepreneurs are invited to the 309th FREE online 1M/1M roundtable mentoring session on Thursday, June 16, 2016, 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 to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any
Sramana Mitra: How did you find your investors? Manick Bhan: Most of the investors that we were connected to came through our networks. Along the way, we went to various events. I don’t recommend going to all of the tech events, but sometimes, some of them are good. You know which ones are good because
Sramana Mitra: What happens next? Manick Bhan: We figured out how to rub these two stones together and kept building up this small fire. We were doing maybe $50,000 in sales a month and slowly growing. By the end of the year, we had hit $1 million ARR (Annual Revenue Rate). In that process, we
Sramana Mitra: Let’s get back to the specifics of how you did it. Now that you are in the market, you have figured out that you can get to a million dollar run rate. What was the reason why people were buying from you versus these other players? You had all kinds of hypothesis intellectualizing
During this week’s roundtable, our guest was Jeremy Young, CEO of Tanga Network. Tanga has bootstrapped a ~$30M a year affiliate marketplace. It’s a Groupon-like business, but with much more sustainable unit economics and business practices. Very interesting discussion on how and why! DriveSmart First up, Mallesh Reddy from Singapore pitched DriveSmart, a fleet-safety software
Today’s 308th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, June 9, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join.
Today’s 308th FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, June 9, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!