Ukrainian Entrepreneur Bootstrapped with a Paycheck to $7M ARR: Nikita Sherbina, CEO of AIScreen (Part 2)

Sramana Mitra:: Talk about the two projects.

Nikita Sherbina: I was working in an AI-enabled tool company. It was for marketing and sales people. It helped communication between departments. For example, you can create multiple campaigns in sales. Marketing people can see all these statistics. We’ve 80 customers which generated $80 million of revenue. It was a B2B SaaS business. We were providing a software platform.

Ukrainian Entrepreneur Bootstrapped with a Paycheck to $7M ARR: Nikita Sherbina, CEO of AIScreen (Part 1)

This is a classic bootstrapping story with a very small team to serious revenue.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born and raised? What kind of background?

Nikita Sherbina: I was born and raised in Ukraine. I moved to the United States about six years ago without knowing anything about this land.

Smart City Use Cases and Opportunities: Jay Chandan, CEO of Gorilla Technology (Part 6)

Sramana Mitra: In general, the issue of internet of things and all kinds of monitoring is that there is a lot of data being generated. That data does need to be protected in a holistic and wholesome way. Your point is well taken that that problem needs to be thought about more accurately and more precisely.

Jay Chandan: It’s a long-term issue. We are working very closely with a lot of the government agencies to address them.

Smart City Use Cases and Opportunities: Jay Chandan, CEO of Gorilla Technology (Part 5)

Sramana Mitra: In those situations, they are the tier one system integrator and you come in as a tier two or tier three.

Jay Chandan: I’m happy being tier two. I wouldn’t call myself tier three today.

Sramana Mitra: Your genesis is Taiwan. Where are you getting the traction? Is it more in Southeast Asia?

Smart City Use Cases and Opportunities: Jay Chandan, CEO of Gorilla Technology (Part 4)

Sramana Mitra: The point that I’m probing here is, you have a cybersecurity business. Then you have a transportation management business. Is that the best way to manage a business to have such diversity? In each of those, you’re going to encounter pure play providers. Cybersecurity is an extraordinarily competitive market. You’re going to be facing all the competition from the cybersecurity world.

Smart City Use Cases and Opportunities: Jay Chandan, CEO of Gorilla Technology (Part 3)

Sramana Mitra: How do you do that? How do you intervene in reducing infractions?

Jay Chandan: That is by better traffic management at the intersections. We have a traffic management solution which we have built and deployed at a fraction of the cost.

Smart City Use Cases and Opportunities: Jay Chandan, CEO of Gorilla Technology (Part 2)

Sramana Mitra: Is it a product company or a services company?

Jay Chandan: It’s a mix. Today, about 60% of our revenue comes from product and about 40% from services.

Sramana Mitra: What’s in the product?

Smart City Use Cases and Opportunities: Jay Chandan, CEO of Gorilla Technology (Part 1)

Jay talks about Gorilla’s Smart City system integration business that heavily focuses on IoT security, analytics, and workflow. In the end, we discuss open problems that could warrant new entrepreneurs building startups around.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born and raised? What kind of background?