Building Two Capital-Efficient AI Companies: Arijit Sengupta, Founder and CEO of Aible and BeyondCore (Part 3)

Arijit Sengupta: We had done a project with McKinsey where we looked at 30 million patients across a million variable combinations. At that time, McKinsey had come out and said, “What would have taken us three months, we can now do in two hours using the software.”

Clay ended up writing an article around that time in Harvard Business Review saying BeyondCore was disrupting the consulting market. It got us into a lot of trouble with consultants.

Building Two Capital-Efficient AI Companies: Arijit Sengupta, Founder and CEO of Aible and BeyondCore (Part 2)

Sramana Mitra: You started thinking about BeyondCore around 2004. What did that entail? Did you do this full-time?

Arijit Sengupta: Clay doesn’t admit this story as being true so I’ll tell you the story as I remember it. You incorporate the company as part of the business plan concept. I told Clay, “I’ve got this great job.” He looked at me and said, “All that business plan you did, was that real?” I said yes.

Building Two Capital-Efficient AI Companies: Arijit Sengupta, Founder and CEO of Aible and BeyondCore (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

As AI companies start to find adoption, we are now starting to see real successes emerge. Arijit Sengupta has built one company and sold it to Salesforce.com. He is doing a second one that is also moving right along. Many insights to draw from this conversation!

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?

Meaningfully Impacting the Economy in The Philippines: John Jonas, CEO of OnlineJobs.ph (Part 4)

Sramana Mitra: When was this launched?

John Jonas: 2009.

Sramana Mitra: How did the revenue ramp up on that one?

John Jonas: It was slow. I was teaching how to hire people in the Philippines. We had made $250 that month teaching it. He said, “I think this job board can make $10,000 a month.”

Meaningfully Impacting the Economy in The Philippines: John Jonas, CEO of OnlineJobs.ph (Part 3)

Sramana Mitra: Tell me about the timeline. How long did it take you to experiment enough to arrive at this stable conclusion that you could get a virtual assistant?

John Jonas: I don’t know if there was a timeline of when I realized it. The whole thing was just a leap of faith. I didn’t know they were going to help me. I worked with other people. It hadn’t worked out.

Meaningfully Impacting the Economy in The Philippines: John Jonas, CEO of OnlineJobs.ph (Part 2)

John Jonas: I was getting good at SEO. I built this website. A week later, I made $50 in one day. I remember jumping around the house. I had this tiny 2-bedroom house. It was 900 square feet. I was jumping around the house with my wife because we made $50.

I built more of them. I recognized that these weren’t adding value to anybody. These aren’t doing any good. This isn’t going to last forever. I started learning more.

Meaningfully Impacting the Economy in The Philippines: John Jonas, CEO of OnlineJobs.ph (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

John has built an online job portal specifically focused on the Philippines. Very interesting story of how one entrepreneur has held steady his priorities and built a terrific lifestyle business! Kudos!

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?

Capital Efficient Entrepreneurship: Glamping Hub CEO Ruben Martinez (Part 5)

Sramana Mitra: What about number of travelers? Are we looking mostly at couples traveling or are we looking at group travel?

Ruben Martinez: Our demographic is between the ages of 25 and 42. There really is something for everybody. We do get a lot of families and couples, and ladies weekend and solo trips. Really because of the variety of accommodations, you can find something at your price point within your area.