SM: What does a corporate department pay to use your service?
RR: It depends on size. For the mid-market, meaning companies ranging from $5 million to $500 million in revenue, on average pay us $9,000 to $10,000 per year in annual subscriptions. The range can start as low as $3,000 per year and it could go up to $50,000 per year. >>>
Help to make the ideas in Vision India 2020 a reality by becoming an intern for one of the projects. Click here for more details. You can read all of this week’s posts by clicking on the full article.
SM: I am assuming you raised a second round. When was that?
RR: We then raised a second round of $12 million. That was in the fall of 2000. It was only eight months later. Our valuation increased during that time by five times. >>>
Entrepreneur Commons – April 14, 2010
Entrepreneur Commons – April 21, 2010
Entrepreneur Commons – April 14, 2010
Entrepreneur Commons Academy event coming up on April 14, 2010, at 11 a.m. PDT — Myriam Le Cannellier on “Recruiting tips for new French entrepreneurs in the US.” >>>
Here is Ramprasad Subburaman’s review for Amazon:
“Vision India 2020 is yet another book that every entrepreneur should have at their desk, especially those who are focusing on the Indian Market. All of Sramana Mitra’s ideas in this book about the future of India have been well thought through (Opportunities and Challenges). Anyone who understands Indian market dynamics will appreciate all of her 45 ideas. A truly inspirational book.”
Vision India 2020 by Sramana Mitra is available from Amazon.com in paperback and Kindle, and from Smashwords.com in all e-book formats.
By guest author Jeff Saperstein
Sramana has launched a most useful discussion about whether MBA programs are failing entrepreneurs. As a fifteen-year adjunct lecturer at San Francisco State University’s Graduate School of Business and a ten-year visiting professor at ESCP–Paris Graduate Business Program, I have taught thousands of MBA students. Research we conducted for “Bust the Silos: Opening Your Organization for Growth (December 2009) can also shed some light on the efficacy of MBA programs to better prepare participants to be successful innovators and entrepreneurs during their careers. >>>
SM: Was it a software-as-a-service offering?
RR: When we launched the product in 1997, we did it on the desktop. There was no SaaS model back then. We sold it as a desktop application from 1997 to 1999. >>>
As I have said in my introduction to Vision India 2020, the 45 billion dollar ideas that I have presented in the book need to be further researched, and then implemented by the next generation of entrepreneurs. To further facilitate the process of dialog, discussion, research and team building, I have designed an internship for those who are interested in playing a role in one of the projects. >>>