Dominic Vasikhar, co-founder of Spaceship and associate at Hummingbird VC, details the first-year revenue generated by his bootstrapped lead-generation startup.
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“But in total it was somewhere close to a quarter of a million in, in the first 12 months.”
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More from Dominic Vasikhar
Disclosure
Hummingbird VC Is Building Proprietary AI for Automated Deal Screening
“We want to basically put in more and more sources and we basically want we want to build some kind of a, let's say machine learning or artificial intelligence, which basically helps us To do our initial screening for us. So we don't have to go through like 300…”
Dominic VasikharJan 10, 2017▶ 8:46EP 535: He's 24 yo Founder, Now VC at Hummingbird
Disclosure
Hummingbird VC Aims to Embed Founder DNA Evaluation into Sourcing Software
“One of the things that Hummingbird is really, like, very good at is sort of identifying the founder's DNA. And that's something that we want to also deeply embed into a product that we are going to build.”
Dominic VasikharJan 10, 2017▶ 11:43EP 535: He's 24 yo Founder, Now VC at Hummingbird
Insight
Vasikhar: VCs typically target $100K MRR or $1M ARR for Series A
“Yeah, I would say for most of the VCs I met, and it's also the case for us, we are looking at somewhere around 100,000 dollars at a monthly recording revenue which would translate to somewhere around a million ARR.”
Dominic VasikharJan 10, 2017▶ 13:25EP 535: He's 24 yo Founder, Now VC at Hummingbird
AssertionNot checkable as stated
Vasikhar: Spaceship was bootstrapped with just seven dollars
“It was bootstrapped from the very beginning, so like, we invested seven dollars into it in the beginning.”
Dominic VasikharJan 10, 2017▶ 6:32EP 535: He's 24 yo Founder, Now VC at Hummingbird
Disclosure
Vasikhar: Spaceship is pivoting toward a Mattermark-style automated database
“Basically, my co-founder is now taking over and he's planning to pivot our business a bit to make it a bit more scalable and automated. So let's say somewhere close to, a bit closer to, let's say, Mattermark or Crunchbase or so when, where you have some kind o…”
Dominic VasikharJan 10, 2017▶ 6:56EP 535: He's 24 yo Founder, Now VC at Hummingbird
Insight
Vasikhar: Feeling stupid about past actions indicates personal progress
“Like for me, the biggest, biggest turning is always like, well, let's say the biggest value that I'm striving for is to look back and I feel stupid about the way I acted and about the things I do. And as long as this is the case, I feel that I'm progressing.”
Dominic VasikharJan 10, 2017▶ 16:52EP 535: He's 24 yo Founder, Now VC at Hummingbird
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