199th 1M/1M Roundtable For Entrepreneurs: Final One For 2013
During today’s roundtable, we had representation from Texas, California, and three cities in India.
First up, Rekha Bangalore from Austin, Texas, pitched Nanothermo, a thermal cooling technology for LED lighting. Rekha needs some funding, and is having difficulty cracking the seed market in Austin. Well, semiconductor, cleantech and related markets are seeing very little funding these days. Besides, it seems Rekha has been approaching VCs, whereas, the deal is at a seed stage.
Next, Rishabh Gupta from Mumbai, India, pitched Letsintern, a portal for students to connect with internships, as well as other career development resources. Letsintern has recently changed its business model from employers paying for the service to students paying. The company is generating revenue, and trying to figure out its growth strategy vis-à-vis financing, markets, etc.
Then, Apoorv Gaur from New Delhi, India, pitched Edcoogle, a K-12 portal for students and teachers to find the best videos on specific topics organized by grade level. The portal also supports a Quora-style Q&A function that is available for each topic / video through which teachers and students can interact. An MVP launch is coming soon.
Karen Malik from Burlingame, California, pitched ClearChex, a payment app through which organizations can collect check-style payments. Non-profits, churches, community organization in particular are interested in using the product for its low transaction fee structure ($.25 per transaction). It is vastly cheaper than credit cards, Paypal, etc.
Last up, Satyamrut Uttarkabat from Bhubaneswar, India, pitched Innoprep, which he started off by presenting as a ‘prepare for anything’ concept. The project is very early, and I asked Satyam to flesh it out with a clear eye on monetization strategy, which he hypothesizes will be around test prep.
You can find 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.