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Go, Kolkata!
Posted on: 6.7.2012 3:29:08 PM Posted by Sramana Mitra
 

During this week’s roundtable, we saw an unprecedented number of entrepreneurs from Kolkata, which thrills me to bits because I am from Kolkata, and nothing would please me more than to see an entrepreneurial ground swell happening in that city.

Project Site Tracker
First, however, Eric Gan from Malaysia pitched Project Site Tracker, a mobile application for construction project management and tracking. Eric estimates a rather large number of construction project managers in the APAC region and has started validating his idea in Malaysia. Autodesk is quite big in the construction software space, and I advised him to look at their APAC strategy carefully.

Zoronto
Then Abhisheek Patra from Kolkata, India, pitched Zoronto, a Web portal for matching people who seek a certain type of lodging with the appropriate guest accommodations. Abhisheek has already validated his business and is generating some revenue. However, most of the business is high touch and manual right now, which limits its scalability. The market is also fragmented, and Abhisheek needs to develop a TAM model to assess how large the business could be. Go-to-Market strategy also needs significant work to make it scalable.

VisiFoo
Next Kundan Singh from Pilani, India, pitched VisiFoo, a web-based question-answer portal. I could not figure out how the business would monetize, and given how much sites like Quora have struggled on the monetization front, I don’t feel particularly comfortable with this business.

ShopOffice.in
Then, Rohit Singh from Kolkata, India, pitched ShopOffice.in, an e-commerce venture for office supplies. The concept is simple and validated elsewhere in the world. The US has multiple successful e-commerce companies selling office supplies to businesses. Rohit’s go-to-market strategy is all over the place, though, and needs substantial tightening. Nonetheless, the concept is eminently viable and a rather large company can be built based on this idea.

You can listen to the recording of today’s 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 8:00 a.m. PDT on:

-Monday, June 4, Ten Finalists of BlueSnap Elance Entrepreneur Development Contest Competing for six 1M/1M Scholarships: Register Here.

-Thursday, June 7, Ten Finalists of BlueSnap Elance Entrepreneur Development Contest Competing for six 1M/1M Scholarships Register Here.

-Thursday, June 14, Contest With Imperial College Entrepreneurs To Win 1M/1M Scholarships From A&N Media & Elance: Register Here.

-Tuesday, June 19, Contest With London School of Economics Entrepreneurs to Win 1M/1M Scholarships From A&N Media & Elance: Register Here.

-Thursday, June 21, 1M/1M Roundtable With Innovation Pavilion in Colorado: Register Here.

-Tuesday, June 26, Contest With University College London Entrepreneurs to Win 1M/1M Scholarships From A&N Media & Elance Register Here.

-Thursday, June 28, 1M/1M Roundtable With Boulder, Colorado Entrepreneurs: Register Here.

-Thursday, July 5, 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.

I also invite you to join the 1M/1M mailing list for the ease and convenience of getting updates. This way we can stay in touch, and it will help you to decide if 1M/1M is a program for you.

Comments:
Wednesday, June 20, 2012 7:01:02 PM by Anonymous
Thinking of Outsourcing? Beware of Elance and SynapseIndia!
Complete documentation of the following account is available from the email address below. Empirical Wellness, Inc. hired SynapseIndia through Elance to build a website/app that would assist healthcare providers and researchers to work with patients through cellphone services. Almost a year after the project due date, and after receiving the majority of payments, SynapseIndia demanded the final payment even though they had produced only an incomplete and defective website. Empirical Wellness was forced to file a Dispute with Elance which escalated to arbitration.
Throughout the 4 months of arbitration, Empirical Wellness proved that Kapil Gupta (COO of SynapseIndia) repeatedly lied under oath to the arbitrators. Nonetheless, Empirical Wellness was awarded only a small refund along with the incomplete and deeply flawed code for their website. Elance paid the financial award for SynapseIndia, but on the site went offline on the day it was supposed to be delivered. Instead of providing the code as ordered, SynapseIndia had sabotaged the website and subsequently provided only useless sabotaged code. Net-arb imposed no penalty for perjury, and despite promises from Michelle in Elance's "Dispute Assistance" there were no consequences from Elance for the contractor's refusal to comply with the "binding" arbitration. Elance allows only the services of Net-arb.com for legally binding arbitration, and SynapseIndia is Elance’s most profitable provider. The undersigned personally lost about $30k and two years of work.
BTW, most of the reviews of SynapseIndia on Elance are positive. So is mine. This is because when the due date for the project arrives (and the project is still far from complete), the client is pressured to provide a positive review. Not wanting to alienate a contractor who already has our money for an unfinished job, clients like myself post positive reviews. Then, when the work goes bad, Elance absolutely prohibits any modification of the review. Journalists interested in this extensively documented case of perjury, abuse, conflict of interest, and possible corporate collusion, please contact me at rpm@empiricalwellness.org.

Robert P. Miller, PhD
President, EmpiricalWellness, Inc.

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