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During today's roundtable, we opened the session with a discussion of the existential crisis in media and how talented bloggers and journalists are facing a tough time sustaining themselves due to lack of businessmodels. One of them is the 1M/1M Affiliate Program we announced today at the roundtable. Photo by 7rains. Discuss.
The company already has paying customers and a validated businessmodel. In fact, they generated $100k in revenues over the last year, since they first pitched at one of our roundtables. Abhijit foresees primarily a technology licensing businessmodel whereby device vendors would be paying royalty per handset or tablet.
In addition, I asked him to do a competitive analysis on the pricing models of the various mobile app platforms and come back to me with both sets of market data, namely, customer research and competitive analysis. We can derive GeoInvenio's businessmodel and pricing model based on that. Discuss.
Well, 1M/1M is focused on helping businesses generate $1M in annual revenue, whatever be the nature of the business. We see a lot of businesses that can be characterized as social enterprises, ranging from education to rural development businesses. Also, the businessmodel for the business is unclear.
First up was Brad Barrett presenting GrillGrate , a grill accessory with which Brad has built a year-to-date revenue of $400,000. Her upcoming campaign of reaching out to 100,000 moms will be one of the first concerted efforts to actually test her businessmodel. GrillGrate. She wants to sell these products on her site.
They already have several customers including some telcos, and are at about $350,000 in revenues. And EVEN if you ARE an experienced entrepreneur, all but just a few VCs still want to see customer validation, businessmodel validation and traction, before they will invest. Because customer financing equals revenue, not equity.
Siddhesh has already validated his business and is catering to home buyers, sellers, and brokers, generating revenues from advertising and sponsorships as well as brokerage revenue sharing. As I keep reiterating, 99% of the businesses that go out for financing get rejected. He wants to penetrate the Indian market.
Today, the telecom industry charges customers based on fixed price businessmodels for data services. Its mission is to help a million entrepreneurs globally to reach $1 million in revenue and beyond, build $1 trillion in sustainable global GDP, and create 10 million jobs.
As for businessmodel, Jigar wants to sell services like refilling cards. Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, an educational, business development and incubation program that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond.
The Social Enterprise Alliance offers this definition: “In its early days, the social enterprise movement was identified mainly with nonprofits that used businessmodels and earned income strategies to pursue their mission. According to the Harvard Business Review, in most U.S. economy in general—U.S.
Additional work in figuring out the precise go-to-market consumer, academic institution, or enterprise - each is a different business), and consequent businessmodel and pricing model will help enhance the company's valuation. My assessment is that this is a good company that should be able to raise money at this point.
While the basic premise is compelling, and I am very interested in entrepreneurship opportunities in this area, the businessmodel is flawed. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology. From 2008 to 2010, Mitra was a columnist for Forbes. Discuss.
I detected a major flaw in Kiran's businessmodel assumption. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology. Kiran is trying to bring transparency to the industry that currently has some awkward behavior like admission in exchange for donations!
Americas new businessmodel: Sharing. What distinguishes the latest generation of start-ups is a confluence of new technologies and more-efficient businessmodels that leave much of the logistical heavy-lifting to peers who share. Airbnb, Zimride, RelayRides and others have embraced the fee-per-transaction model.
If failure is defined as failing to see the projected return on investment—say, a specific revenue growth rate or date to break even on cash flow—then more than 95% of start-ups fail, based on Mr. Ghoshs research. Massachusetts. Massachusetts. start-ups fail, he says. California. Connecticut. District of Columbia.
It is much better to grow organically with revenue. Please remember, free is not a businessmodel. a healthcare IT business for managing compliance requirements for pharmaceutical and medical device companies, recording transactions that involve payments to physicians. Cortese Design Bags. The Free Rider Problem.
Over a year and a half ago, I did a two-part blog post on the East Coast IPO malaise – one focused on Boston (Massachusetts more broadly), another focused on New York. Perhaps the poor performance of the Facebook IPO soured Wall Street on the consumer sector and advertising-based businessmodels?
I have discussed at length why revenue sharing channel deals may serve as perfectly fine alternatives to raising equity (or even complements) because of their non-dilutive nature. Persistent is breaking out of the mold of labor arbitrage, and looking at new and exciting businessmodels. million in revenue. Discuss.
To me, this indicates that venture capitalists (VCs) are looking for business, but they are clearly moving away from early-stage (pre-revenue) deals. Massachusetts and NY states also have high numbers. It also helps to keep track of the business sectors VCs are focusing on. Create an investment-grade business plan.
Despite its success and growth as a partnership, Party Pieces has maintained its family businessmodel and Carole continues to be involved in the sourcing and developing of new party products. In 2002, the Glacéau, line of beverages became the top-selling enhanced water brand in America and it raked in $350 million in revenues in 2006.
make so little use of the affiliate businessmodel for monetization purposes? Please use the comments below to give your thoughts and analyses on why you think Twitter is not using the affiliate businessmodel to monetize its immense traffic. This is a question I would like to address to you guys as well. Photo by ilco.
Soren Harrison, from Boston, Massachusetts, presented SolSolution , a solar electricity venture whereby his company places solar panels on the roofs of schools, generates electricity, sells it to the schools, as well as back to the grid, and takes advantage of the federal rebates, incentives, etc. SolSolution. Who funds the solar panels?
They make a lot of money, and nothing in Anuj's businessmodel convinced me that these people have any interest or incentive to go around teaching, especially in rural India. Such OEM deals may cost him 50% of his product revenue, but would be the fastest way to reach a large number of customers, nonetheless.
Manoj is experiencing a long sales cycle of close to 12 months, but he has already created a sustainable company that has revenues and profits. He is exploring outside financing, but my concern is that unless the growth rate accelerates, this particular business may not fit the venture model. Discuss.
An ad-supported network, the company has achieved over $1 million in revenue and is profitable. The businessmodel Adarsh is proposing is a per lead compensation structure, which seems perfectly reasonable. However, the business is at a pure concept stage and most of the details are yet to be fleshed out. Discuss.
In our Business Incubator series of interviews, we have invited many leaders from the industry to come share their best practices and challenges with us. We have also facilitated open discussions on Why Do Business Incubators Fail and Incubator BusinessModels , which turned out to be animated, active and extremely constructive discussions.
Nifty idea, but the businessmodel is predicated upon selling merchandise that is curated from affiliate networks like Commission Junction. My question was around the size of the catalog that can be pulled together that will render affiliate commissions and will meet quality standards of this business. Discuss.
Irit, however, needs to think through some of the details of the businessmodel, pricing model, and positioning. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology. I like the concept, and there is already a prototype and a pilot case with an advertiser.
Facebook and Google would be obvious choices for this, but so much has been written about each of them and they represent such special businessmodels, I worried that it would be both hard for entrepreneurs to relate and hard for me to develop new insights. The first year of revenue (1999) was $4 million – a remarkable achievement.
On the topic of businessmodels, Spencer proposed building traffic and then selling the company, which I pushed back on. We spent considerable time exploring ways to verticalize the app and creating an ad-supported businessmodel instead, which would also broaden his exit options considerably. could be your companion.
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