651st 1Mby1M Roundtable Recording

In case you missed it, you can listen to the recording of this roundtable here:

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Roundtable Recap: August 22 – It is Expensive to Develop EdTech Content

During this week’s roundtable, we had two pitches.

Olive Stacks Education

First, we had Jerry Nwodobo from Lagos, Nigeria, pitch Olive Stacks Education, an EdTech venture.

Endeavour Education

Next Amol Namjoshi from Mumbai, India, pitched Endeavour Education, also pitched an EdTech venture concept.

In both cases, and in EdTech in general, assuming that you can create vast ranges of EdTech content is naive. It’s extremely expensive to create high quality, differentiated content that can get people to pay. Also, the competitive landscape in EdTech is very noisy at this point.

You can listen to the recording of this roundtable here:

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Bootstrapping to Exit from Saudi Arabia: Emad Daghreri, Co-Founder CEO of Autobia (Part 7)

Sramana Mitra: So you exited this company, and you have started another company now, right?

Emad Daghreri: Yes.

Sramana Mitra: You and your partner bootstrapped the first company. You did not take any external financing and you were profitable all along. Can you speak on how you feel about bootstrapping to exit versus company that is built in the venture model? How has your thinking been in terms of building a bootstrap company versus a venture funded company? How is that thinking evolving as you go along? Tell me more.

Video FAQs

Bootstrapping to Exit from Saudi Arabia: Emad Daghreri, Co-Founder CEO of Autobia (Part 6)

Sramana Mitra: So, Emad, I’m going to try to synthesize all the things that you said into something that people can understand better. What I’m hearing is that in 2019 when you started restructuring the company, you created platforms for doing not only competitions and engagement but also event management and grant management.

Bootstrapping to Exit from Saudi Arabia: Emad Daghreri, Co-Founder CEO of Autobia (Part 5)

Sramana Mitra: How did your journey evolve in that 2012-17 period. How far did you get from a revenue growth point of view?

Emad Daghreri: Until 2017, the demand was high, and we started getting million dollars contracts. I had to open a technology hub in Bangalore and Jordan just to be able to keep up with the demand.

Bootstrapping to Exit from Saudi Arabia: Emad Daghreri, Co-Founder CEO of Autobia (Part 4)

Sramana Mitra: So in the early stages, you’re doing $50K to $300K projects across two or three different types of work – the technology, the consulting, the project management, etc. How does the revenue progress in 2013-14? What kind of revenue levels did you reach?

Emad Daghreri: I’m not sure about the specific numbers, but we were always cash flow positive.

Cloud Stocks: Twilio Builds on Segment Acquisition

Communication Platform as a Service (CPaaS) player Twilio (NYSE: TWLO) recently announced its second quarter results that outpaced market expectations. The impressive outlook for the coming quarters sent the stock soaring 7% in the after-hours trading session.

650th 1Mby1M Entrepreneurship Podcast with Jishnu Bhattacharjee, Nexus Venture Partners

Jishnu Bhattacharjee, Managing Partner at Nexus Venture Partners, has been investing in AI startups for over a decade. This is an excellent and insightful discussion about his AI investment thesis.

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