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Keep shoppingOpenSource Startup Case Studies with Sramana Mitra
9 students
OpenSource Startup Case Studies with Sramana Mitra
Lessons from the Trenches on How to Build an OpenSource Startup
Created bySramana Mitra
Last updated 9/2023
English
What you'll learn
- Through in-depth interviews with successful founders of OpenSource startups, learn how they built their businesses.
- How to identify promising startup ideas.
- What the innovative trends and business models are in the identity management space to ignite your ideation.
- When and how to bring on a team.
- When to start raising funds for a startup.
- How to scale your business.
- What the exit options are.
Explore related topics
Course content
2 sections • 9 lectures • 2h 26m total length
Requirements
- The only requirement for this course is an open mind and a willingness to learn.
Description
The 1Mby1M Methodology is based on case studies. In this course, Sramana Mitra shares the tribal knowledge of tech entrepreneurs by giving students the rare seat at the table with the entrepreneurs, investors and thought leaders who provide the most instructive perspectives on how to build a thriving business. Through these conversations, students gain access to case studies exploring the alleys of entrepreneurship. Sramana’s synthesis of key learnings and incisive analysis add great depth to each discussion.
Freemium = Free + Premium. You give something away for free and start engaging with a user base. From this emerges a potential customer base, aka prospects. You sell these prospects something that they’re willing to pay good money for, aka premium. Voila, you have a Freemium business.
Brilliant, but there’s a slight problem. Freemium conversion rates tend to be very low. Abysmally low. You’re considered a genius if you get to 4%. Already at 2%, you’re borderline heroic. Mere mortals hang around 0.5%.
Nonetheless, at its best, Freemium is a highly sought after business model among investors.
And Commercial OpenSource is where Freemium business models find some of their best exponents.
In fact, we’re thrilled to see how well solo entrepreneurs do with this business model.
Or entrepreneurs bootstrapping using a paycheck.
Entrepreneurs bootstrapping with services often offer training and support as their Premium tier and it monetizes superbly, bringing in vital cash infusion to early stage startups.
In this course, I will introduce you to a number of OpenSource case studies.
Observe how the entrepreneurs navigated their journeys, both the Free stage and the Premium stage.
Pay attention to the decisions they made on where to put the paywalls.
Find inspiration.
Find education.
Copy. Steal. Mash up.
Have fun!
Who this course is for:
- Those with knowledge of or interest in the OpenSource sector who want to turn it into multi-million dollar revenue businesses by becoming startup founders rather than remain employees or contractors.
- Aspiring founders who want to increase their chances of being accepted into top startup accelerators such as Y Combinator, Techstars, and 500 Startups.
- Any entrepreneur who wants to learn from successful entrepreneurs who have been in your shoes.
- Professors teaching technology entrepreneurship courses anywhere in the world.