Daniel Nathan: After I studied Finance, I tried working in Finance. I did six months internship as an M&A Consultant in Deloitte. I really hated it. I was going to the restroom four times a day to sleep half an hour. They gave me a contract to work full time. I said, “I think I’m
Sramana Mitra: So the company was registered in London but you were still operating out of Greece? Demitri Memos: Right. Ironically, the decision at that point was to register a company in London for stability and better access to the markets. Next year, my partner will be moving to the UK. He’s leading the sales
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Europe is imploding. Entrepreneurs are its only hope. Daniel Nathan is building a really cool company based in Paris. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Daniel
Sramana Mitra: Were you doing this for a green shipping company or an idea that you came up with yourself? Demitri Memos: Our third partner had already started that. Sramana Mitra: How did he get plugged to you guys then? Demitri Memos: He was introduced by a mutual friend. He had built this website on
Sramana Mitra: What was the e-learning business that you were trying to raise money for? Who were the customers? What kind of e-learning are we talking about? Demitri Memos: It was corporate e-learning. The idea was that we were to provide a platform with some content. Sramana Mitra: This was going to be for Greek
Sramana Mitra: How much did you do in 2014? Joe Kinsella: We don’t disclose our revenue numbers. Sramana Mitra: How many customers did you close in 2014? Joe Kinsella: We went from nine customers in 2013 to around 60 in 2014. It grew to 300 in 2015 and we’re 600 plus now. Sramana Mitra: What
Sramana Mitra: At this point, you had a bunch of customers. You had validation. Did your venture fund write you a check? Joe Kinsella: They did not. Along the way, I had a series of advisors. I had six advisors. The goal there was to really find people who complemented my skills. I had just
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. The morning that Brexit sent shockwaves through the world economy, I spoke with Demitris Memos who is building a nicely scaling, bootstrapped SaaS company from Athens, Greece. It was thrilling to hear a story of success and hope against the larger backdrop of doom and gloom. Greece