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HOT TOPICS
- The Accelerator Conundrum
- The Startup Velocity Question
- Platform as a Service
- Man and Superman
- Web 3.0 = (4C + P + VS)
- The Future: End of Capitalism
- Capitalism 2.0
Bootstrapping to $13 Million from the UK: David Lloyd, CEO of The Intern Group (Part 4)
Sramana Mitra: What were you doing revenue-wise? You started in 2011. What revenue level did you finish 2011 at? How long did it take you to hit the $1 million revenue run rate? David Lloyd: In 2011, our revenue was $20,000. We hit $1 million in early 2013. Sramana Mitra: In 2013, you’re still self-funded?
Bootstrapping to $13 Million from the UK: David Lloyd, CEO of The Intern Group (Part 3)
Sramana Mitra: The under-21 World Cup became a client of yours and they were offering internships on your platform. You started finding those interns through your platform. David Lloyd: Exactly. Sramana Mitra: How did you find these guys as clients? David Lloyd: That was due to the hustle and determination of my co-founder Joanna Molina.
Bootstrapping to $13 Million from the UK: David Lloyd, CEO of The Intern Group (Part 2)
Sramana Mitra: 2011 was when you started? David Lloyd: January 2011. Sramana Mitra: What were the circumstances? What was going on in the industry? What was going on in your own personal life? What was the idea that came out of both factors? David Lloyd: I was working on the trading floor in Merrill Lynch
Bootstrapping to $13 Million from the UK: David Lloyd, CEO of The Intern Group (Part 1)
If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page. I am very bullish about market opportunities that are large enough to build sizable businesses but not large enough such that VCs end up funding numerous competing companies. This case study shows you how a niche player with a $150
Bootstrapping from Indiana: Passageways CEO Paroon Chadha (Part 7)
Paroon Chadha: There is a nuanced point that I’m trying to make here. I love Chris like a brother. He has worked with me for 10 years. I don’t think there will be another person who’ll ever be smarter than him. At the same time, what we needed at that time was not something we
Bootstrapping from Indiana: Passageways CEO Paroon Chadha (Part 6)
Sramana Mitra: It sounds like when you did the cloud strategy, you almost did it with a different product. Even though the technology was the same, the positioning was quite different. The board technology was for the cloud software. Paroon Chadha: As an organization, we made the jump from being a Windows company to a
Bootstrapping from Indiana: Passageways CEO Paroon Chadha (Part 5)
Paroon Chadha: We started to see some cross-pollination. We were pulling some leads that we didn’t really plan for. It was a little bit organic. We needed to move out of financial because the financial sector was stalling. We found ourselves selling in hospitals with some success. Then we ran into a very interesting founder
Bootstrapping from Indiana: Passageways CEO Paroon Chadha (Part 4)
Paroon Chadha: If one has to learn a business, you’d rather start out from where your foundation is good. Raising capital and accelerating based on your balance sheet is a thing you can do anytime. If you have a solid core business, it’ll happen. The reverse of that is not possible. If you fund your
