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Best of Bootstrapping: Bootstrapped to $5 Million First
Founder CEO Josh Millet had bootstrapped Criteria to almost $5 million in revenue before raising funding. Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and raised? What kind of background did you have? Josh Millet: I was born in Toronto, Canada. I have dual citizenship of
Bootstrapping From a Small Town in Denmark to $12 Million: Sebastian Petersen, CEO of TrendHim (Part 3)
Sramana Mitra: What country did you first go into outside Denmark? Sebastian Petersen: Norway and Sweden. Then we started going south into Germany and France. Sramana Mitra: Was there something different that Norway and Sweden wanted? Sebastian Petersen: Only simple things. Once we started moving out of Scandinavia to Germany and France and especially Eastern
Thought Leaders in Online Gaming: Martin Rosinski, Chief Technical Officer Palringo (Part 1)
Have you heard of in-chat gaming? Read on… Sramana Mitra: Let’s start with some introduction about yourself as well as Palringo. Martin Rosinski: To give Palringo’s quick story, I founded Palringo close to 10 years ago. In August, Palringo will be celebrating its 10th birthday. It started out back when mobile apps and the idea
Building an Online Real Estate Business From Brazil: Brian Requarth, CEO of VivaReal (Part 7)
Sramana: In terms of completing the story, bringing us up to 2014, there are few interesting questions I would like to ask. What are some of the other major strategic moves that you made? Brian Requarth: Let me summarize one thing, say financing. I organized the financing in several buckets. After pooling from friends and family, in the first
Building an Online Real Estate Business From Brazil: Brian Requarth, CEO of VivaReal (Part 6)
Sramana: By the time he invested in your business, had he already sold the business in England? Brian Requarth: Yes, he already had an exit in 2007, three weeks before the financial crisis. He was 27 years old. He sold it for a lot of money and when he came down to Colombia, I told him
Building an Online Real Estate Business From Brazil: Brian Requarth, CEO of VivaReal (Part 5)
Sramana: Tell me more about financing, what was the financing strategy that you followed in the company? Brian Requarth: We decided to bootstrap for a long time. Sramana: How long did you bootstrap? Brian Requarth: We started in 2007. We didn’t have cash flow to support the expansion to Brazil in 2009. In 2010, my family invested a little
Building an Online Real Estate Business From Brazil: Brian Requarth, CEO of VivaReal (Part 4)
Sramana: How long did you do a critical mass of a particular listing such that the marketplace on the other side would become interesting? Brian Requarth: During that time, we didn’t have enough listings from customers that we were offering free trials to. So we actually built a robot to go out and get the listings
Building an Online Real Estate Business From Brazil: Brian Requarth, CEO of VivaReal (Part 3)
Sramana: What did you find to take feedback from him? Brian Requarth: He was just Brazilian. Sramana: That’s it? That’s the qualification, that he was Brazilian? Brian Requarth: The other qualification was that his family had a simple construction company. It had nothing to do with home-building, but I thought he perhaps knows something about real estate market.