Down To Earth Execution

During this week’s roundtable, we further pursued the topic of down to earth execution, versus bubble behavior, and spoke with Tim Hentschel, CEO at HotelPlanner and Meetings.com, who has bootstrapped his company to $25M in revenue, growing 20% y-o-y organically. Tim emphasized our mantra of entrepreneurship = customers + revenues + profits, financing, exit, valuation all being optional. Of course, today’s atmosphere is so frothy that such fundamental-oriented thinking has few takers.

The Beer Exchange
As for the pitches, First up, Rethesh George from Charlotte, NC, pitched The Beer Exchange, a marketplace where craft beer lovers can buy beer from eclectic retailers far away, as well as exchange beers among themselves. Interesting, straightforward concepts. Don’t see why it wouldn’t work, other than poor execution.

Presso
Next Amandeep Bhatia from Pune, India, pitched Presso, also an exchange where Indian consumers can have an on-demand laundry service. It appears that the business will take very little money to get to profitability and further validation, which is the first order of business here.

M-Payments
Then Vandit Patel from Ahmedabad, India, pitched M-Payments, a concept for mobile payments in lieu of cash. In India, this concept may not fly, and to make it fly, there is huge capital risk involved.

You can listen to the recording of this roundtable here:

As always, I would very much like to hear about your business, so let me invite you to come and pitch at one of our free 1M/1M public roundtables. We will be holding future roundtables at 8 a.m. PDT on:

Thursday, September 10, Register Here.
Thursday, September 17, Register Here.
Thursday, September 24, Register Here.

If you want a deeper relationship with me, you are very welcome to join the 1M/1M premium program. If you have any questions about the program, please, first study the website, especially What to expect from the 1M/1M premium program and the FAQs. If you have additional questions, please email me, and I would be very happy to respond. Please note that I work exclusively with 1M/1M entrepreneurs.