202nd 1M/1M Roundtable For Entrepreneurs: All Emerging Market Ventures
Today’s roundtable, once again, had huge geographical diversity, spanning presenters from Venezuela, China, India, and callers from Ireland, New York, Georgia, Virginia, etc. I always love to hear from entrepreneurs from so many different parts of the world. It’s thrilling to experience the creative energy.
First, Sridev Nair and Sunil S. from Hyderabad, India pitchedCoresonant, a services company that builds solutions for companies across different verticals in the general area of Internet-of-Things. Sridev has about 60 clients, and $500k in revenue. So far so good. Now, he needs to position the company around some key expertise / platforms / solutions, and make those scale with proper go-to-market strategies.
Then, Alejandro Bermudez Ferris from Caracas, Venezuela, pitchedGrupoSupernova, an entrepreneurship school in Venezuela. Alejandro also has a lot of customers in various different areas of entrepreneurship from restaurants, mining, to IT, and needs to focus on some specific segments. If Alejandro chooses IT as his focus area, he can become a partner of 1M/1M.
We also heard from Sally Jia and Daniel Wang from Shenzhen, China, who presented Portkey, an e-commerce service concept to take foreign e-commerce vendors into the Chinese market. This too suffers from lack of positioning and go-to-market strategy. The concept is horizontal and reasonable, but it is at a 30,000-foot high level. It needs to be fleshed out and a market penetration strategy needs to be worked out at a granular level.
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 theEntrepreneur 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.