Bootstrapping in Minnesota: Praful Saklani, CEO of Pramata (Part 4)

Sramana Mitra: That brings us to what timeframe? Praful Saklani: That brings us to probably mid to late 2007. There’s a second piece that I’d like to add to this. As we were developing this, it wasn’t just about a technology product model that we built. We actually built a whole service and delivery model

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250th Roundtable For Entrepreneurs Starting NOW, Live Tweeting By @1Mby1M

Today’s 250th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, February 26, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join.

Bootstrapping to $55 Million from Rural Minnesota: Tom Fallenstein, CEO of Fun.com (Part 4)

Sramana Mitra: Wow! It must have been very scary. How long did it take you to recover that $1 million from that domain? Tom Fallenstein: It paid for itself in nine months. Sramana Mitra: Awesome. Tom Fallenstein: We bought it in January. By the time we made it through October, about 30% to 40% of

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250th 1M/1M Mentoring Roundtable For Entrepreneurs Tomorrow!

Entrepreneurs are invited to the 250th FREE online 1M/1M roundtable mentoring session on Thursday, February 26, 2015, at 8 a.m. PST/11 a.m. EST/9:30 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 in Minnesota: Praful Saklani, CEO of Pramata (Part 3)

Sramana Mitra: Which brings us up to mid-2000? Praful Saklani: That’s exactly right. In 2005, I decided it was time to move back to the US for a variety of reasons. I wanted to get back into enterprise software and started to think about the things that either I had experienced as a pain point

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Bootstrapping to $55 Million from Rural Minnesota: Tom Fallenstein, CEO of Fun.com (Part 3)

Sramana Mitra: What next? What happened in 2006? Tom Fallenstein: In 2006, we moved into a 10,000 sq. ft. facility and started the company. I hired my mom and two sisters to work full-time and started building out the websites. Sramana Mitra: Were there other properties in 2006 or just those three? Tom Fallenstein: No, we

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Bootstrapping in Minnesota: Praful Saklani, CEO of Pramata (Part 2)

Sramana Mitra: Where were you when you were doing this company? Praful Saklani: I was back in Minnesota. We were based in the Twin Cities. Our customer base was all over the country and the world. The company that bought us was actually based out of Ireland. Sramana Mitra: Before we go into the details

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Bootstrapping to $55 Million from Rural Minnesota: Tom Fallenstein, CEO of Fun.com (Part 2)

Sramana Mitra: You joined the costume business in 2004? Tom Fallenstein: Yes, I was the only one doing it full-time. It was only a seasonal business up until 2002 and then I built a website to see if I could make it a full-time job. I was doing extra orders basically through college out of

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