During this week’s roundtable, we had one entrepreneur pitch and several questions about our Ideation Methodology.
If you are ideating, our methodology suggests that you do NOT quit your job. Do the 1Mby1M curriculum. Attend the roundtables. Join 1Mby1M Premium if you want active mentoring. But do it all in a Bootstrapping with a Paycheck mode.
Harmonia Music Production Studio
As for the pitch, today we had Monideepa Roy from Pune, India pitch Harmonia Music Production Studio.
You can listen to the recording of this roundtable here:
After years of losses, it looks like the messaging app Telegram will soon turn profitable. The company has had a very interesting journey so far.
>>>Sramana Mitra: Feroze, there are a few things that come to mind as I’m listening to you. First and foremost, you talked about delivery constraints and supply constraints in terms of the expertise that give you this moat. You haven’t talked about domain knowledge.
>>>John Stewart and his co-founder built MapAnything from Charlotte, North Carolina and Atlanta, Georgia. When we spoke in 2018, he had raised over $40 million in funding, proving that you can build sizable VC-funded SaaS businesses from anywhere. MapAnything was sold to Salesforce in May 2019.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where did you grow up? Give us some early story.
John Stewart: I’m from upstate New York. I’m from a middle class background. My mother was a stay-at-home mom. My father was in the construction business. He was an architect. I went to school in New England for Mechanical Engineering at Worcester Polytechnic Institute in western Massachusetts and graduated in 1997.
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Today’s 675th FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, March 6, at 8 a.m. PST / 11 a.m. EST / 5 p.m. CET / 9:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
Sramana Mitra: So, I’ve a number of questions. First and foremost, you said you acquired or acqui-hired the software from somebody that you started with. What is the financing of this company? Did you raise money? Did you self-finance? How did you acquire?
>>>RKON Technologies CEO Jeff Mullarkey had built a Managed Service Provider (MSP) business that I thought he could take to $500 million or a billion dollars in revenue when we spoke in 2015. Read on to learn why.
Sramana Mitra: Let’s begin at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
Jeff Mullarkey: I’m from the Chicago area. I grew up in a modest environment. I went to Illinois State University. I graduated with a Marketing degree with little clue of what I want. Right at this moment in time, personal computers had started to emerge. I frankly had never even used one. I stumbled into taking a job selling PCs. That’s how I got into the industry. It was a little bit by fluke. It was a very small industry at that time. This was 1986. That was how I got into IT.