Today’s 676th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, March 13, at 8 a.m. PDT / 11 a.m. EDT / 4 p.m. CET / 8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
The global AI image generator market is estimated to grow 17% CAGR to $917.4 million market by 2030 from $300 million in 2023. While tech giants like Adobe and OpenAI keep improving their GenAI capabilities, there are also several smaller companies like Midjourney that are managing to make their mark in the industry while remaining very lean.
>>>To succeed in e-commerce today, you need to look for unserved niches with unique products. Learn how KURU Footwear Founder Bret Rasmussen bootstrapped an e-commerce startup from Utah.
Sraman a Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and raised? What kind of background did you have?
Bret Rasmussen: I was born in Utah, but my parents quickly moved to Indiana. We actually lived a few years in Italy until I was about eight or nine years old. Then we moved to Taiwan and then back to Indiana. I graduated high school in Texas and then I went to college out west here in Utah.
Sramana Mitra: Now, you raised your seed round on an IP-led hypothesis or plan.
>>>This conversation with Modded Euros Co-founder Sean Dawes from 2019 is a comprehensive discussion on how to bootstrap a niche e-commerce venture with a lean team and effective use of inventory financing. You can listen to the podcast interview here and watch the interview here:
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?
Sean Dawes: I was born and raised in Philadelphia. I haven’t gone too far away from my hometown as my company is based out of West Chester, Pennsylvania, which is 20 or 30 minutes outside of Philadelphia.
Sramana Mitra: If you look at the P&Ls of these Infosys, WiPro, Persistence and various companies that have achieved scale in the services universe, how do the components of the P&L and the margins of these companies compare with the kind of company that you are looking to build?
>>>I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Dark Sky III
Dark Sky III | Sramana Mitra, 2022 | Watercolor, Ink | 8 x 8, On Paper
Sramana Mitra: Right, you’ll learn as you go along. But there will be these three buckets, I think, even when you are a $100M or a $1B company. This is going to be the structure of your company. So the question then is, what is the distribution?
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