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In my post Making Money With Blogs , I have articulated some of my thoughts on the subject and presented some possible models that would enable blogs and small media properties to sustain themselves with a proper revenue framework. One of them is the 1M/1M Affiliate Program we announced today at the roundtable. Photo by 7rains. Discuss.
Bizosys Technologies, a Bangalore, India based software engineering company was founded in 2009. The first is HSearch, a NoSQL technology based search engine for big data that aims to break the barrier of scale of growing information and accessing it across information silos. Toward that end, they have created two products.
Clearly, efforts to establish technology business incubators are in high gear around the world, and our 100% virtual offering can be a great complement to the brick-and-mortar incubators that are providing on-the-ground support for entrepreneurship development. From 2008 to 2010, Mitra was a columnist for Forbes. Discuss.
Well, 1M/1M is focused on helping businesses generate $1M in annual revenue, whatever be the nature of the business. But our goal is to make sure that these businesses are sustainable, have customers, revenues, and profits. Sramana Mitra is a technology entrepreneur and strategy consultant in Silicon Valley.
First up was Brad Barrett presenting GrillGrate , a grill accessory with which Brad has built a year-to-date revenue of $400,000. 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. GrillGrate.
Acelerar Technologies Daniel expects SharePoint's cloud based solution provider eco-system to develop over the next few years. Anupam Rajey from Lucknow, India, presented Acelerar Technologies , an outsourced accounting services BPO project from India. For now, it won't come in through the store. Discuss.
They already have several customers including some telcos, and are at about $350,000 in revenues. Because customer financing equals revenue, not equity. That's why, I advised Gio to keep going with further execution on his business and build more revenue traction. In 1M/1M, our preferred financing strategy is customers.
Charge-back accounting solution for large enterprises deploying cloud technologies. Ric Telford, VP of cloud services, IBM pointed me to the rather significant move towards rolling out private clouds at large enterprises, a move that IBM is spearheading by providing full stacks of infrastructure technologies.
A lot of money can be made with this product, and Rajan needs to build it without any outside capital - that is, with customer money - that is, with revenue - for a long while yet. Sramana Mitra is a technology entrepreneur and strategy consultant in Silicon Valley. Value Of Insight Consulting, Inc.
In How To Defend Your Dream Against All Odds , Alex and I explore the company's journey to $200 Million in revenue, while their VCs wrote them off. Zoho is already over $100 million in revenue and is seeing tremendous traction. So, please don't get discouraged; there are many paths to success. Statisco Economic Analytics. Discuss.
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. She is a Silicon Valley entrepreneur and strategy consultant. Discuss.
At today's session, first up, Ramkumar RS from Chennai, India, presented Mango DVM , an innovative solution to turn vendors of illegal, grey market music to legal distributors using a combination of mobile apps and media server technology. Ramkumar has made certain pricing model and delivery model assumptions that are yet to be validated.
I also suggested that Ashni focuses on funding science, technology and engineering program students, since there is so much energy today around America's role in the world, and whether the country is losing its edge in science and technology. From 2008 to 2010, Mitra was a columnist for Forbes. Discuss.
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. Up last, Leandro Telles from Brazil, pitched ledface , a knowledge management technology company that still needs a business strategy.
Repeatedly recognized by Forbes as one of the “Most Influential CMOs in the World” and by AdWeek as one of the “Top 20 Marketing and Technology Executives,” his work has attracted over 1.1 So for example, a few years ago in the town I was living in Lexington, Massachusetts, they offered an incentive for buying solar panels.
a group of entrepreneurs from TiE Chennai gathered at the Indian Institute of Technology-Madras (IIT-M) Research Park campus, and we spent the next four hours discussing strategy and tactics of early-stage entrepreneurship. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology.
states for-profit companies can accept donations and nonprofit companies earn revenue, which dispels the myths that a nonprofit can’t make money, or a for-profit venture would miss out on donations. InStove contributes both the technology for efficient stoves, and the means to create sustainable jobs. economy in general—U.S.
Interesting technology, and I will be working with him to build a comprehensive go-to-market strategy as part of the premium program. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology. Photo by duchesssa. Discuss.
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. From 2008 to 2010, Mitra was a columnist for Forbes. Photo by nazreth. Discuss.
He also wants to build optimization technology to make the delivery process - today managed largely by hand - better optimized. Over time, Ankur will be in a position to solve this with technology, but for now, human intervention is just fine. Upwardly mobile consumers, I am sure, would welcome a service like Delyver. Discuss.
What appears clear to me today is how fundamentally the Internet is changing business processes, and the advent of nifty social media tools and technologies that plug into core business processes like lead nurturing are a powerful force. The next event will be on Tuesday, November 22, 2011, at 8:00 AM (PDT), register to attend here.
Technology Live. Dubbed "collaborative consumption" — or "the sharing economy" — this movement represents the newly cemented intersection of online social networking, mobile technology, the minimalist movement and heightened penny-pinching brought on by lingering economic uncertainties. Skip to Main Content. Tech: Blogs. Game Hunters.
Paul is also a senior lecturer at the Massachusetts Institute of Technology in the MIT Sloan School of Management and the co-founder of Oceanworks. You could choose our system to move from vendor to trusted advisor, attract only ideal clients, and confidently present your strategies to build monthly recurring revenue.
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. Meanwhile, not a single New York technology IPO has taken place. If any technology hub can build a strong middle market public company ecosystem, it should be NYC.
It all comes down to three things: Revenue. link] Roundtable Discussions Christine Wyatt , Chief Revenue Officer at Upswing, discussed management essentials and how vital it is to have empathy as a manager. " @Cwyatt1 Chief Revenue Officer from @upswing during her roundtable discussion on "Management Essentials.
Massachusetts needs money. These days, every state is looking for ways to scrape out more revenue for failing budgets and costly infrastructure projects. So, the Massachusetts “Tech Tax” was born. When technology firms in Boston figured out exactly what the Tech Tax was, they fought back.
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. million in revenue. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology.
The revenue in 2012 was $16.4 Sramana Mitra is the founder of One Million by One Million (1M/1M), a global virtual incubator that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond. Jana now has over 70 full-time employees, most of them based out of Salt Lake City, Utah.
The theory is that with the advent of the cloud in the digital age, small businesses can leverage a suite of services from a technology vendor to manage all aspects of their work – from payments to record-keeping to marketing to customer communications. In 2012, analysts estimate they will do $425 million in revenue and $85 million in EBITDA.
Go ahead and laugh, but over 95% of Moon River Software’s revenue this year has been from consulting services. The software I sell has made up less than 5% of total revenue in the past 12 months. In Massachusetts for example, there are 82,007 millionaires. Others took several years, but they all ended up with those things.
IDES Technologies. Then Cristina Soviany presented IDES Technologies from Belgium. In addition, I took Rohit through a discussion on a possible OEM strategy that could result in a significant revenue ramp relatively quickly. Sramana Mitra is a technology entrepreneur and strategy consultant in Silicon Valley.
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. 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.
5% conversion rate resulted in more than $15,000 in revenue. Now, those numbers were released back in March, so it’s safe to assume revenue has increased since. With evolving technology, notably increased use of smartphones , and social media platforms, online shopping is changing and becoming more social. Not exactly.
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. Photo by svilen001. Discuss.
The site has 11 million page views a month, and Jeu expects 2011 revenues to be about $250k. The revenue models need to be revisited, and the customer acquisition strategy as well. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology. Discuss.
It is much better to grow organically with revenue. In 1M/1M premium, we do invest in certain companies on a revenue sharing basis and create channel partnerships with one or more of our partners. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology.
An ad-supported network, the company has achieved over $1 million in revenue and is profitable. 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 1M/1M affiliate program will create additional revenues for some, and for some, this could be their first decent revenue option. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology. She is a Silicon Valley entrepreneur and strategy consultant.
This is a greenhouse technology to grow fresh agricultural produce. She, however, has framed the business model as a franchise, whereas in my opinion, this is a technology licensing and services business. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology.
However, Deborah is looking for ways to sell her low carbon footprint green house technology to producers, and is in conversations with producers in Senegal and India. Jimmy already has about 65 customers and about a million dollars in annual revenue. Sramana Mitra is a technology entrepreneur and strategy consultant in Silicon Valley.
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. From 2008 to 2010, Mitra was a columnist for Forbes. Photo by svilen001. Discuss.
It would be a good idea to explore what part of their technology could be used to deliver what Nitie wants to offer. Then Greg Snead, also from Tacoma, discussed Orbiter , an RFID venture that is moving along quite nicely, having clocked more than $700,000 in revenue last year. You can read more about athenahealth here. Discuss.
After all, the technologies (especially Internet related) we're working with these days are a lot less complex than what the generation that produced bear chips and networking related innovations in earlier decades worked with. From 2008 to 2010, Mitra was a columnist for Forbes. Silicon Valley photo by Revol Web. Discuss.
Also, Kimbra Orr with Kimbra Studios presented an interesting business selling photo jewelry that is already at $750k revenue. She has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology. Kimbra Studios. Kimbra has just started some OEM relationships. Photo by ant_c54.
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