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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
michael hughes
Surviving Near-Death Experiences and Going Public in London: Michael Hughes, co-CEO of LoopUp (Part 7)
Sramana Mitra: Where are you now? What are the metrics of 2016? Michael Hughes: We went public in the summer of 2016 on the London Stock Exchange. Our revenue for 2016 is about £12.8 million. We will actually be releasing our 2016 results in a couple of weeks. We have to do an announcement that
Surviving Near-Death Experiences and Going Public in London: Michael Hughes, co-CEO of LoopUp (Part 6)
Sramana Mitra: Explain the business model a bit. Secondly, describe the competitive landscape. Who or what are you competing against and how? Michael Hughes: We built up all these systems because we didn’t have any money and it was all we could do. The business model that we followed is very much the same business
Surviving Near-Death Experiences and Going Public in London: Michael Hughes, co-CEO of LoopUp (Part 5)
Sramana Mitra: This journey of getting to profitability happened on a total of about $2.5 million? Michael Hughes: All in all, it was a little bit more than that. It would probably be about $4 million. I would need to go and check. Sramana Mitra: Now we are in 2010? Michael Hughes: Yes. We’ve got
Surviving Near-Death Experiences and Going Public in London: Michael Hughes, co-CEO of LoopUp (Part 4)
Sramana Mitra: Timeline-wise, from when you started with the initial investment and went through these pivots, how much time has passed? Michael Hughes: We started in 2003. We realized we were running out of time in late 2005. We pivoted in 2006. We started selling with this Blackberry bit. We had very strong growth in
Surviving Near-Death Experiences and Going Public in London: Michael Hughes, co-CEO of LoopUp (Part 3)
Sramana Mitra: How much money did you raise from this round? It sounds like it was a friends and family angels round. Michael Hughes: It was about $400,000. Sramana Mitra: What did you tell these people who invested that first $400,000? Michael Hughes: We used to be called Ring2 Communications back then. The original idea
Surviving Near-Death Experiences and Going Public in London: Michael Hughes, co-CEO of LoopUp (Part 2)
Sramana Mitra: What year did you guys come together to start LoopUp? Michael Hughes: We first met each other from 1995 to 1997 at Stanford. I had this fellowship, which meant that I had to go back to the UK. I went back for about nine months and then moved back out to California. I then joined
Surviving Near-Death Experiences and Going Public in London: Michael Hughes, co-CEO of LoopUp (Part 1)
An entrepreneur’s journey is often about survival and getting to profitability so that near-death situations do not threaten his venture’s existence. Michael talks about his team’s long, often treacherous, path through troubled waters. Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and
