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timothy menard
Building a Capital-Efficient, Highly Scalable Smart City IoT Venture: LYT CEO Timothy Menard (Part 4)
Sramana Mitra: It sounds to me like you have very large deals in your pipeline. At some level, $5 million may be the only money you need to build this business. Timothy Menard: Absolutely. The mindset was to build a company and be revenue-generating. Having these large contracts that pay 90% of the contract value
Building a Capital-Efficient, Highly Scalable Smart City IoT Venture: LYT CEO Timothy Menard (Part 3)
Sramana Mitra: Santa Clara was the first that adopted your technology? Timothy Menard: San Jose was first. Sramana Mitra: Let’s go into the mechanics of how you built the company from a financial engineering point of view. The first grant was $250,000. You got a second grant because of the discussions with Santa Clara and
Building a Capital-Efficient, Highly Scalable Smart City IoT Venture: LYT CEO Timothy Menard (Part 2)
Sramana Mitra: Was there a customer that you had in mind? Timothy Menard: All sides – automotive and the communities they drove in. Sramana Mitra: How did you get the company off the ground? Timothy Menard: I applied for a Federal Small Business Research and Innovation grant. The company started on a quarter-million grant. I
Building a Capital-Efficient, Highly Scalable Smart City IoT Venture: LYT CEO Timothy Menard (Part 1)
You would think deep tech AI / IoT startups take gobs of venture capital to build. Read on to see how Tim has built an incredibly capital-efficient business with massive growth potential using grant money and revenues. Superb company! Sramana Mitra: Let’s go to the very beginning of your journey. Where are you from, born,
