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Best of Bootstrapping: Master Bootstrappers with Over $1B in Exits
If you haven’t already, please study our free Bootstrapping Course and Investor Introductions page. There’s a GIGANTIC myth in the startup ecosystem. Go BIG or Go HOME! Raise GOBS of venture capital. Otherwise, you can’t build anything big. It’s GIGANTIC BS! Watch this inspiring 2 minute 09 second video and learn how the Turakhia brothers have created over a
Best of Bootstrapping: Master Bootstrappers with $1+ Billion in Exits
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. There’s a GIGANTIC myth in the startup ecosystem. Go BIG or Go HOME! Raise GOBS of venture capital. Otherwise, you can’t build anything big. It’s GIGANTIC BS! Watch this inspiring 2 minute 09 second video and learn how the Turakhia brothers have created over a billion
Master Bootstrapper with a Billion Plus in Exits: Bhavin Turakhia, CEO of Directi and Flock (Part 7)
Sramana Mitra: You have, yourself, generated a huge amount of capital at this point through a couple of exits. You had an all-cash exit of $160 million plus a $900 million exit. That’s a lot of cash. You don’t really need to go anywhere for cash. You have plenty of cash. Culturally and strategically, in
Master Bootstrapper with a Billion Plus in Exits: Bhavin Turakhia, CEO of Directi and Flock (Part 6)
Sramana Mitra: Any other businesses that you want to talk about? Bhavin Turakhia: After that, I started two more — Flock and Zeta. Flock is in the enterprise and team messaging space, and Zeta is in the payment space. I started Zeta with a co-founder in India, and the business is currently largely managed by
Master Bootstrapper with a Billion Plus in Exits: Bhavin Turakhia, CEO of Directi and Flock (Part 5)
Sramana Mitra: What scale did you get to with that business before you exited? Bhavin Turakhia: In the public domain, we exited that business at a valuation of $900 million to this consortium of investors in a public company in China. This happened in August of 2016. It was the third largest ad tech deal
Master Bootstrapper with a Billion Plus in Exits: Bhavin Turakhia, CEO of Directi and Flock (Part 4)
Sramana Mitra: In parallel, you started other businesses. At what point did you start the next line of business besides web presence? What was the thinking behind that? What were the circumstances? Bhavin Turakhia: In 2007, we started dabbling in the online advertising business using a brand called Scenzo. My brother started operating that business.
Master Bootstrapper with a Billion Plus in Exits: Bhavin Turakhia, CEO of Directi and Flock (Part 3)
Sramana Mitra: How long did you go in this mode of in-person selling? What kind of revenue level did that get you to? Bhavin Turakhia: In that first set of businesses, which we call the web presence business, I actually did in-person selling for the better part of six years. Sramana Mitra: There’s no choice.
Master Bootstrapper with a Billion Plus in Exits: Bhavin Turakhia, CEO of Directi and Flock (Part 2)
Sramana Mitra: What was the first business that you and your brother launched? Bhavin Turakhia: The first one that we launched together was in late 1998. Sramana Mitra: You said you and your brother did all your businesses together? Bhavin Turakhia: Yes. In many ways, that was the genesis. Before that, we were independently doing
