Raghu has built an incredible AI startup from India with a global base of enterprise clients. Fabulous story! Sramana Mitra: Let’s start by introducing our audience to yourself as well as the genesis of Yellow.ai. Raghu Ravinutala: I’m the Co-Founder and CEO of Yellow.ai. Yellow.ai enables enterprises to drive automation on their customer experiences and
Sramana Mitra: You sold from bootstrapped directly to exit right? Jay Perkins: Right. When you’re building a business, it’s not easy. You can live and die with the day-to-day. Something good happens and you’re on cloud nine. Then a customer gets a damaged product. Sramana Mitra: What kind of exit price did you get for
Sramana Mitra: How long from the point you started did it take you to get to $1 million? How long did it take you to get to $5 million? Jay Perkins: A million would have been in our fourth year. We did $60,000 in our first year, $270,000 in our second year, and $750,000 the
Sramana Mitra: At what point did you plug Kabbage into your financing process? Jay Perkins: That was probably about four or five years in. Sramana Mitra: So for four years, you operated as a fully-bootstrapped company? Jay Perkins: Yes, it was tough. We’d be out of the most popular SKUs for four to five months
Entrepreneurs are invited to the 582nd FREE online 1Mby1M Mentoring Roundtable on Thursday, July 7, 2022, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others
In case you missed it, you can listen to the recording of this roundtable here:
During this week’s roundtable, Kasie Hills from Knoxville, Iowa, pitched Hybrid Health Properties, a largely brick and mortar venture concept that requires a lot of capital to get off the ground. You can listen to the recording of this roundtable here:
Sramana Mitra: What did you do? You said you started a company on the BigCommerce platform? Jay Perkins: I started a business called Kettlebell Kings while I was still employed at BigCommerce. Kettlebells are basically fitness equipment. Along with my co-founders, we would hold meetings for a year and a half leading up to when