Entrepreneurs are invited to the 275th FREE online 1M/1M roundtable mentoring session on Thursday, September 10, 2015, 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:
Sramana Mitra: How is the customer base distributed? Are we talking Asian customers? How have you built the sales channel? Dave Peters: We’ve got 13 telco customers across Australia, Asia, Middle East, and Africa. All of them are paying for recurring software fees and also for our managed marketing operations team. We have teams on
During this week’s roundtable, we further pursued the topic of down to earth execution, versus bubble behavior, and spoke with Tim Hentschel, CEO at HotelPlanner and Meetings.com, who has bootstrapped his company to $25M in revenue, growing 20% y-o-y organically. Tim emphasized our mantra of entrepreneurship = customers + revenues + profits, financing, exit, valuation
Today’s 274th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, September 3, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join.
Sramana Mitra: Was this the first funding? Dave Peters: That’s right. Sramana Mitra: What happened after you got that first funding? What were the next major milestones or accomplishments? Dave Peters: Based on that, we built up the team and started to develop the product further. We started to push the sales and marketing team. We
Sramana Mitra: 1998 was when you started. How long from then did the sale happen? Dave Peters: I think it’s about 2000. Sramana Mitra: A couple of years later. Dave Peters: Yes. I was consulting the first year or so. Then, we started selling it. Sramana Mitra: How much were you charging for the product?
Sramana Mitra: Did you spec out the software that you were going to build? Dave Peters: The way it worked was when I was in Paris, we built a custom-built software. I had actually licensed that software on an exclusive 15-year deal with that telco when I left. Because I didn’t have any capital, I