1Mby1M Virtual Accelerator Investor Forum: With Shane Neman, Principal at Neman Ventures (Part 7)

Sramana Mitra: Have you met any entrepreneur who is trying to merge the world of art collecting and blockchain? Shane Neman: I haven’t met them, but I have seen some decks. Sramana Mitra: If you locate them, can you send them to me? I have a concept that merges those two. I am looking for

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1Mby1M Virtual Accelerator Investor Forum: With Shane Neman, Principal at Neman Ventures (Part 6)

Sramana Mitra: You were running a bootstrapped business; you had to make it profitable, otherwise you would go out of business. Shane Neman: Right. It is interesting because there were certain things that I could have done to accelerate a lot. However, I chose not to do it because it would be highly unprofitable to

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1Mby1M Virtual Accelerator Investor Forum: With Shane Neman, Principal at Neman Ventures (Part 5)

Sramana Mitra: Did they come to you or did you approach them? How did you find that exit? Shane Neman: We were friendly, but we were fierce competitors. I approached him and said, “Listen, something’s got to give, I would be willing to discuss selling the company if that was something that you were interested in.

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1Mby1M Virtual Accelerator Investor Forum: With Shane Neman, Principal at Neman Ventures (Part 4)

Sramana Mitra: You also did ad sales on your own? Shane Neman: Initially, I did. The first advertiser I got was a boutique that was doing a sample sale. They asked me how much I wanted to send out an email blast. I said $5,000. I just made up a number. It was whatever I

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1Mby1M Virtual Accelerator Investor Forum: With Shane Neman, Principal at Neman Ventures (Part 3)

Sramana Mitra:  What was the business model? Shane Neman: It was the traditional media model where we sold ads on our website. We also sold the photos and the print copies. It doesn’t seem like it, but we found a way to find a third-party printer and batch take them and then you sell them

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1Mby1M Virtual Accelerator Investor Forum: With Shane Neman, Principal at Neman Ventures (Part 2)

Sramana Mitra: There was little due diligence before people were willing to write checks at that time. Shane Neman: In retrospect, I wouldn’t have given myself a check. We got almost $2 million. I wasn’t part of the finance portion of things. I was the CTO. We built this company and hired people. We built

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1Mby1M Virtual Accelerator Investor Forum: With Shane Neman, Principal at Neman Ventures (Part 1)

Shane Neman is the Founder of EZ Texting, JoonBug.com, and Principal at Neman Ventures. Shane has bootstrapped two companies as a solo entrepreneur, found successful exits for both, and is now an investor. Needless to say, he has no bias against solopreneurs.  Sramana Mitra: We are going to spend quite a bit of time today

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530th 1Mby1M Entrepreneurship Podcast with Shane Neman, Neman Ventures

Shane Neman is Founder of EZ Texting, JoonBug.com, and Principal at Neman Ventures. Shane has bootstrapped two companies as a solo entrepreneur, found successful exits for both, and is now an investor. Needless to say, he has no bias against solopreneurs.