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- The Accelerator Conundrum
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the intern group
Best of Bootstrapping: Niche Player Bootstrapped to $13 Million
I’m 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 – my interview from 2018 with David Lloyd, Co-founder and CEO of The Intern Group – shows you how a niche player with a $150
Best of Bootstrapping: Niche Player Bootstrapped to $13M
If you haven’t already, please study our free Bootstrapping Course and Investor Introductions page. I’m 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 – my interview from 2018 with David Lloyd, Co-founder and CEO of The Intern Group
Best of Bootstrapping: Bootstrapping The Intern Group to $13M
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. I’m 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 – my interview with David Lloyd, Co-founder and CEO of The Intern Group – shows you
Bootstrapping to $13 Million from the UK: David Lloyd, CEO of The Intern Group (Part 5)
Sramana Mitra: I have a few questions. In terms of university strategies, at what point did the universities start coming on board? At what point did you start closing university deals? David Lloyd: We closed our first university deal in 2013 with Europe’s largest private university in Milan. They remain one of our best university
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
