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Scaling to $500M in Revenue: ModMed CEO Daniel Cane (Part 3)

Posted on Sunday, Nov 17th 2024

Sramana Mitra: I purposely actually picked to highlight the positioning points where you can differentiate it versus areas where you cannot really differentiate. The domain of billing is less of a big differentiation in ModMed. The bigger differentiation is in the specialty specific content, specialty specific workflow and specialty specific treatment, right?

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Scaling to $500M in Revenue: ModMed CEO Daniel Cane (Part 2)

Posted on Saturday, Nov 16th 2024

Sramana Mitra: Okay. So that’s one positioning differentiation. What about within the private practice market? Why do your customers pick you and what is special about it? What are the needs of a dermatology private practice or an OB-GYN practice or a plastic surgery practice? What’s special about each of these individual types of practices?

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Scaling to $500M in Revenue: ModMed CEO Daniel Cane (Part 1)

Posted on Friday, Nov 15th 2024

I first spoke with Dan a decade back. Here is the story. This conversation offers insights on his scaling strategy with ModMed.

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Bootstrapping to Exit, Then Raise Money and Exit Again: Wendy CEO Lance Neuhauser (Part 4)

Posted on Sunday, Nov 3rd 2024

Sramana Mitra: From your personal career journey point of view, I have gone through a similar journey. After I did three startups as Founder CEO, I started consulting because I just wanted to do something else and learn a different skill. I didn’t want to be a CEO, I wanted to learn something else. I then did turnaround consulting, and I learned a ton.

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Bootstrapping to Exit, Then Raise Money and Exit Again: Wendy CEO Lance Neuhauser (Part 2)

Posted on Saturday, Nov 2nd 2024

Sramana Mitra: I assume that since it was a services company, you were able to bootstrap it, right?

Lance Newhauser: Yes, it was a service company that we initially bootstrapped. We did bring on one investor who put a few thousand dollars into the company so that we could go get some office space and work in the same area. But this was very much a bootstrapped, service-oriented organization. Over time, we incorporated technology to offer differentiated services and improve operational efficiency, enabling us to stay price-competitive.  But we’re very much a bootstrapped service business, no doubt.

Sramana Mitra: Now, how did this company that spent $50 million on a campaign find you?

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Bootstrapping to Exit, Then Raise Money and Exit Again: Wendy CEO Lance Neuhauser (Part 1)

Posted on Friday, Nov 1st 2024

Lance bootstrapped his first company to an exit. He venture funded his second company and exited after 10 years. He is about to launch his third. Read on, great story.

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Bootstrapping Using Services from Pune: Mindbowser CEO Ayush Jain (Part 1)

Posted on Monday, Sep 30th 2024

Services companies are easy to bootstrap, but often, they grow slowly in the beginning. How do you accelerate? This discussion is about the levers of acceleration.

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Best of Bootstrapping: Canadian Co-founder Brothers Bootstrapped to a $40M Exit

Posted on Wednesday, Sep 25th 2024

I always love Bootstrapping to Exit stories. AppArmor Co-founder Chris Sinkinson and his brother bootstrapped a wonderful startup and sold it for $40M. Read on for the nuances.

Sramana Mitra: All right, Chris, let’s start at the very beginning of your journey. Where are you from? Where were you born, raised? What kind of backgrounds?

Chris Sinkinson: I’m from a small town called Kingston in Canada located about halfway between Toronto and Montreal. Our parents had three boys. I was the oldest. I have a brother who’s three years younger than me, who’s a very successful researcher. He’s currently working for the Kellogg School of Management in Chicago. My youngest brother, David, is the one that I ended up starting my company with.

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