Entrepreneurs are invited to the 262nd FREE online 1M/1M roundtable mentoring session on Thursday, June 4, 2015, at 8 a.m. PST/11 a.m. EST/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 of your questions.
Today’s 261st FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, May 28, at 8:00 a.m. PST/11:00 a.m. EST/8:30 p.m. India IST. Click here to join.
Sramana Mitra: This is something that we are very much in alignment with. Our principle in the 1M/1M methodology is ‘Bootstrap first and raise money later’. The more you can do without raising money and the more carefully and more thoughtfully you can setup the foundations of your business outside of a venture clock, the
Entrepreneurs are invited to the 261st FREE online 1M/1M roundtable mentoring session on Thursday, May 28, 2015, at 8 a.m. PST/11 a.m. EST/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: Interesting. I see what you’re doing. Did you start this company in 2012? Josh Manion: 2009. Sramana Mitra: At that point, you self-financed this company based on money from your consulting firm, right? Josh Manion: That’s right. My wife and I decided that we would bootstrap it while we were building the technology. That started
Sramana Mitra: Talk to me a bit about how the product is architected. You talked about what other people cannot do. What is it that you do? How do you architect the product that you can do something different and better? Josh Manion: That really started from the inception. When we looked at solving the
Joe Speiser: We spend a lot of time looking at, “How can we engage the user? What kind of content can we show them to keep them interested?” What does that [time spent] look like? Is it one minute, two minutes, or three minutes? What’s that number? Right now, we’re up to 3 minutes and
Sramana Mitra: What was that insight? Josh Manion: No matter what we did with those customers, the amount of value that they were able to realize was this tiny fraction of the potential value of all the different technologies that they would use. You could think of it this way. The vendors of this time