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Building a PropTech Venture with a Virtual Team: Discount Lots President Paul Hersko (Part 3)

Posted on Wednesday, Feb 15th

Sramana Mitra: How do you finance yourselves? Paul Hersko: We have a fund that we run. People can invest in our fund. Let’s say you invest $150,000. We take that money and purchase property with it and provide our investors a return. Then, we sell the land. Sramana Mitra: What behavior are you seeing in

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Building a PropTech Venture with a Virtual Team: Discount Lots President Paul Hersko (Part 2)

Posted on Tuesday, Feb 14th

Paul Hersko: Then my entire life changed in 2019. My brother-in-law took me to this party. He said, “I have a good friend who owns this business. He’s our age. You might like him.” I started talking to him. I was learning about his business and he was like, “I have this company where I

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Building a PropTech Venture with a Virtual Team: Discount Lots President Paul Hersko (Part 1)

Posted on Monday, Feb 13th

Paul and his co-founder have built a capital-efficient PropTech venture using primarily a virtual team. It’s an interesting niche that is largely underserved. 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?

Disinfecting Hospitals, Impacting Healthcare: Morris Miller, CEO of Xenex (Part 4)

Posted on Monday, Jan 5th

Sramana Mitra: This is a time frame when the Internet is starting to happen. What happens next? Morris Miller: For the year after the sale, you become an indentured service where you have to stay around because the acquirer wants to know that there’s going to be a complete transfer of knowledge. But they don’t

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Disinfecting Hospitals, Impacting Healthcare: Morris Miller, CEO of Xenex (Part 3)

Posted on Sunday, Jan 4th

Morris Miller: I got 168 No’s before I finally found an investor to say Yes. I would work Monday through Friday. I’d work the weekend. I’d work the next Monday through Friday and the next weekend. Then, I might take three days off and go to New York to pitch somebody. Back in 1992, the

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Disinfecting Hospitals, Impacting Healthcare: Morris Miller, CEO of Xenex (Part 2)

Posted on Saturday, Jan 3rd

Sramana Mitra: The Internet was not yet on the horizon. Morris Miller: The Internet was not there. When I was in Law School, I read an article in the Forbes magazine. It talked about how Steve Jobs had just raised money for NeXT computer. Sramana Mitra: My husband used to run NeXT computer. Morris Miller:

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Disinfecting Hospitals, Impacting Healthcare: Morris Miller, CEO of Xenex (Part 1)

Posted on Friday, Jan 2nd

Morris Miller was an original investor in RackSpace, and ended up running the company for almost seven years. Following RackSpace, he is now building a super interesting company in disinfecting hospitals and saving lives. Read on. Exciting stuff! Sramana Mitra: Let’s start at the beginning of your story. Where are you from? Where were your born,

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Bootstrapping to $10 Million from Canada: Jory Lamb, CEO of VistaVu (Part 7)

Posted on Tuesday, Dec 9th

Jory Lamb: In the middle of 2007, I moved to Denver to get things off the ground in the US market. In the early years in Houston, the company was a bit of a revolving door. It was really hard to retain the staff. Again, I made another error, for which I’m smarter today. I kept hiring staff, sticking them

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