By guest author Irina Patterson Last week we talked about private investors – the so-called friends, family, and fools. Known as the 3 Fs, they usually invest a few thousands here and there. But as scrappy as we are, we still recommend the 1M/1M education first and any capital injection second, even if the investment is only $5,000.
Sramana: How much add on revenue does a major enterprise customer provide when they bring along all of the additional suppliers? Greg Johnsen: When you win big customers, say five or six, and a single third party logistics provider such as DHL services for each one of them, the impact is that their commercial organization
Sramana: When you started GT Nexus, who were your first customers and what did they buy? Greg Johnson: We started the company in 1998 and we won the consortium deal in 2001. In 1999 we were focused on building the software platforms we needed and by 2000 we were talking to the big carriers and
Entrepreneurs are invited to pitch their businesses or attend this FREE online 1M/1M strategy roundtable on Thursday, September 8, 2011, starting at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. IST. This roundtable will be co-hosted with Israel Startup Network (ISN). You can find more details here and register here. Please tell your friends, all are welcome!
Sramana: How did you make the transition from a generic on-demand business platform into a logistics market company? Greg Johnsen: We started to optimize our existing generic business platform and transform it into a domain platform for supply chain. That encompassed things like purchase orders, shipments, inventory, invoices and payments. We were off and running.
Summer is over. Time to get back to work. At today’s roundtable, I synthesized some posts from our blog to give entrepreneurs, incubators, investors, and economic development agencies a flavor of what we’ve been doing this summer to make life easier for you. In How Not To Sell Equity Too Cheap, Too Soon, entrepreneurs would find
In case you missed it, here is the recording:
Today’s FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, September 1, at 11 a.m. EDT/8 a.m. PDT/8:30 p.m. IST. Click here to join.