Bootstrapping to $15 Million: Ernie Bray, CEO of ACD (Part 6)

Ernie Bray: The challenge we found with virtual workforce was that some people just don’t fit well in that model because they get distracted too much. They don’t focus on what they’re doing. Because we’re a results-oriented company, we have our computer technology in our platform, we can monitor pretty much whether they’re getting the

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October 8 – 279th 1M/1M Mentoring Roundtable For Entrepreneurs

Entrepreneurs are invited to the 279th FREE online 1M/1M roundtable mentoring session on Thursday, October 8, 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

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Bootstrapping to $15 Million: Ernie Bray, CEO of ACD (Part 5)

Sramana Mitra: In 2005, you were at about $1.2 million in revenue. In 2009, you were already on Inc. 5000. What was the revenue ramp? Ernie Bray: In 2009, we went to $8 million. Sramana Mitra: Where are you now? Ernie Bray: We’re pushing towards $15 million. We also made Deloitte’s Technology Fast 500. We

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Roundtable Recap: October 1 – Equity Crowdfunding From Customers

During this week’s roundtable, we had as our guest Daniel Cane, CEO and co-founder of Modernizing Medicine. Dan has followed a unique and tremendously effective strategy of raising equity crowdfunding from his customers, about 100 of them, and reflects on how well it has worked for him. LeadCrunch As for the pitches, first up, Olin

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278th Roundtable For Entrepreneurs Starting NOW, Live Tweeting By @1Mby1M

Today’s 278th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, October 1, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join.

278th Roundtable For Entrepreneurs Starting In 30 Minutes: Live Tweeting By @1Mby1M

Today’s 278th FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, October 1, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!

Bootstrapping to $15 Million: Ernie Bray, CEO of ACD (Part 4)

Sramana Mitra: Essentially, the $400,000 in the first year was from about 8 to 10 deals? Ernie Bray: Yes. We had about 8 to 10 clients. Sramana Mitra: These were clients that would remain as recurring revenue clients, because they would continue to use your system and the pricing model is based on number of

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Bootstrapping to $15 Million: Ernie Bray, CEO of ACD (Part 3)

Sramana Mitra: When you were actually processing claims, what did you see that triggered this idea? Ernie Bray: What I saw was that claims technology systems were outdated. They were just green screen technologies at that time. I’ll give you an example. When I was looking at AAA, appraisers would go out and take photographs of

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