SM: Please describe some of your team building experiences. Is your management team complete now? It seems like you’ve had a founder transition, and the company has already burnt a lot of capital. These are indications of problems with the team, normally. MS: Yes, we’ve had some problems, but they were not with Founder transition.
Political stability must be viewed as a precursor to economic development. How else do you explain the success of microfinance in places such as India, Mexico, South America, and its failure (for the most part) in Africa (aside from limited success in places such as Kenya – which is a rather stable government for the
SM: How did you finance the different phases of the company? MS: The early stages of the company were funded by an Angel and subsequent capital has been raised through VC’s. The first 2 rounds (Angel and Series A) were raised by the Founder, a total of $8.2 Million. I raised 2 rounds. One within
Continuing on the same theme, I now delve more into the entrepreneurial / venture capital opportunities. This region is actively looking for external investments, and simply because of the vast natural resources there, they are very likely to receive investments in the energy industry. I have also noticed over time that entrepreneurial spirit exists is
We conclude our conversation with a brief discussion about Google, and any potential impact it may have on Adapt.tv, including competing for talent. SM: Which companies are out there that you find interesting, who have good approaches, besides yourselves? AA: We obviously think the approach should be viewer friendly, effective monetization. I think it is
SM: How big is the market? How do you calculate TAM? MS: In 2007 the groups and meetings market is forecasted to be $170 B. The travel portion, $92B. (Source: Phocus Wright) SM: What are your top target segments? MS: Small to Medium size companies (we also get business from Fortune 500 companies), Sports Teams,
Countries such as Iraq, which have not been involved in a capitalistic economic circumstance, are going to experience growing pains as they attempt economic development. Among the most important requirements will be access to capital, and likely in case like this, access to microfinance. My first question about the banking capabilities in the area reveal
According to Amir, the learning system is an important aspect which will lead to optimized ad campaigns for content providers. Is it? I’m still very skeptical … SM: I see, so what you are basically doing is trial and error while the learning system figures out effectiveness, and then you push ads out accordingly. AA: