Today’s 305th FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, May 5, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Sramana Mitra: In the 2012 to 2014 period, you were operating with a very healthy profit margin. How many people were in the company and how did it grow? Jason Westland: That’s why it was so profitable. We had no marketing team at that time. It was just me. We had two full-time developers. We
Sramana Mitra: You said you started the company at about 2008 around the financial crisis. It took you nine months to get the first product out. The first product didn’t work. Can you put this in a timeline on when the traction actually started? Jason Westland: It actually started in January 2010. We had, what
Sramana Mitra: What about money? Hiring high-level people costs money. Jason Westland: It does. I sold my first business. My second business was sold shortly after that. I invested all of the money from those two businesses. I then went and mortgaged the house. My mom mortgaged her house. I took out some credit card
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. I have always said that you need to bootstrap your way to validation and traction. Jason did just that, and has built a robust company from New Zealand. Read on, it’s a fabulous story. Sramana Mitra: Let’s start at the very beginning of your journey. Where
Sramana Mitra: What market were you going after? Was Investorist focused on the Australian market to start with? Jon Ellis: To start with, it was. Initially, Investorist launched as an idea of working just in the Australian market. As soon as I launched, I’ve probably been active for six months and then I realized that to
Entrepreneurs are invited to the 305th FREE online 1M/1M roundtable mentoring session on Thursday, May 5, 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
In case you missed it, you can listen to the recording here: