188th 1M/1M Roundtable For Entrepreneurs: SMB Focused Offerings
Today’s roundtable had an interesting mix of companies ranging from Internet-of-things to daily deals platforms.
We started with Axel Kloth from Palo Alto, California, who pitched SSRLabs, a semiconductor concept. Axel rightly pointed out that chip funding in the Valley has dried up, and there are very few VCs who invest in the sector. However, there are such investors, and I do know some of them.
Next, Mahesh Santhana from Boston, Massachusetts, pitched RealOffer, a platform for small businesses (restaurants, spas, etc.) to run their own daily deals. Mahesh has about 60 merchants in Harvard Square (Cambridge) engaged, and is working on validating his assumptions with them.
Then, Bahubali Shete from Bangalore, India, pitched Connovate, an outsourced product design company in the realm of connected devices / Internet-of-Things. We had an interesting discussion on their business strategy, which, IMO, should be focused on working with major brands like Samsung, who can bring products like wearable computing, sensor-based mobile apps, etc., to market.
Last up, Jonathan Dannevig from Buenos Aires, Argentina, pitched Flimbu, a PPC Optimization company focused on catering to global SMBs. Flembu has about 30 clients and $3 million ad budget under management. The company will break even within a few months.
You can listen to the recording of today’s roundtable here.
Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, a virtual 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, she writes the blog Sramana Mitra On Strategy, and is author of the Entrepreneur Journeys book series and Vision India 2020. From 2008 to 2010, Mitra was a columnist for Forbes. As an entrepreneur CEO, she ran three companies: DAIS, Intarka, and Uuma. Sramana has a master’s degree in electrical engineering and computer science from the Massachusetts Institute of Technology.