In case you missed it, here is the recording:
Sramana Mitra is offering this free online strategy roundtable for entrepreneurs looking to discuss positioning, financing, and other aspects of a startup venture. Up to 1,000 people can attend, but only the first five who register to pitch will be able to present their business ideas. All attendees are able to join in on the conversations via a live chat. This hour-long session will begin at 8 a.m. PST/11 a.m. EST/9:30 p.m. IST.
You can find more details and register here.
Please join us and tell other entrepreneurs. Everyone is welcome.
Today’s roundtable is starting in 30 minutes, at 8 a.m. PST/11 a.m. EST/9:30 p.m. IST. Click here to join in.
Fred Luddy founded ServiceNow.com in early 2004 and has served as chief executive and technology officer since the company’s inception. He was CTO at Peregrine Systems from 1990 to 2003. Prior to Peregrine, he founded Enterprise Software Associates (ESA), and worked at Boole and Babbage, and the Amdahl Corporation. Fred tried to attend Indiana University and Sir George Williams University, but he found part-time programming for these institutions to be far more compelling than the classroom experience.
SM: Fred, give me some background about your childhood and early career.
FL: When I was 16 years old, which was in the early ’70s, I had a part-time job as a purchasing guy at American Standard. They bought a high-end computer, and I walked into the data center where the Hewlett-Packard computer was and never wanted to leave. >>>
Sramana Mitra’s next free online strategy roundtable for entrepreneurs will be held tomorrow, March 11, 2010 starting at 8am PST/11am EST/9:30pm IST.
You can find more details and register here.
Please join us and let other entrepreneurs know.
Not only are Americans buying more online, but they’re also buying more types of products online, including items such as health products, cosmetics, and beauty products that were once the sole domain of physical stores. Of course, products such as books and small electronics that have long been bought over the Internet remain popular. All of this bodes well for BigCommerce, which provides SaaS e-commerce products for small businesses in a variety of retail categories. >>>
SM: I often tell entrepreneurs to bootstrap the early stage, and if they do raise money it should result in a better valuation. They have a validated business. Did you find that to be the case during your valuation negotiations?
CC: We are a great example of bootstrapping paying off. In Q3 2004 we raised money. At that time the median valuation for a first-time fund-raising company was something like $5 million pre. We raised at $20 million pre. >>>
ProbusOneTouch is a family of Web sites that makes premium-quality products available to customers at factory direct prices. The company handles the e-commerce element as well as product sourcing, supply chain management, and warehousing and fulfillment. >>>