Ep 149 Inspire People to Your Crazy Journey, Creating a Startup with Jay Jayamohan

Jay Jayamohan shares his startup journey and what he has learned along the way. While everyone talks about getting investors and using other people's money Jay shares the downside of doing that. We also talk about alternative ways to raise funding. 

 

Take away: Accepting venture capital money in business comes with a lot of strings that you may not like.

 

Action step: Describe something without using the word it is.

 

Money Learnings: Jay grew up happy. It didn't matter how much money they had or didn't have. Money doesn't equal happiness.

 

Bio:  Jay Jayamohan is a leading expert in disruptive innovation, design thinking, and strategic management. He has worked extensively with Fortune 500 and Global 1000 companies, the U.S. government, startups, venture capitalists and foundations.

 

As Executive Director of the Center for Innovation & Entrepreneurship at Harrisburg University, he is responsible for creating a multi-pronged but interconnected hub that aligns entrepreneurial activities across campus and across disciplines. He leads the effort that strategically positions HU to have a greater impact – socially and commercially – by having innovative thinkers and entrepreneurs from and around Harrisburg coming together with students and faculty to collaborate on ideas and solve problems.

 

He is the founder of RollStream, a product company and as CEO grew the company from concept to over 100 people globally, raised tens of millions in venture capital and won numerous accolades including ‘top 100 supply and demand chain vendors in 2008’. RollStream under Jay’s leadership innovated to define a new space and acquire Fortune 500 customers like Walgreens, Tesco, McKesson and Tyco within the first year of product release. The company was acquired in 2011 by GXS, now OpenText. Jay has broad industry knowledge in Software, Financial, & Manufacturing and international experience in Asia, Europe and Middle East.

 

Previously Jay was a Practice Leader at PricewaterhouseCoopers. Also as Managing Director of Synteras, a Professional Services firm, led from startup to over $25 M in revenue with consistent 20% net income. The company was selected as a Washington Technology Fast 50 firm in 2012. He has been profiled multiple times in local press including Washington Post, Business Journal etc. and is a speaker at local business events.

 

Jay Holds an M.S in Management from George Mason University and Bachelors in Mechanical Engineering.

 

Highlights from this episode: Episode Page

 

• How life is different in India.
• Creating a safe zone for your kids.
• Working at PWC.
• Consultants don't have the answers.
• Figuring out your money run rate and how long you can survive.
• Other people's money and how you lose control.
• The right time and rate for spending money.
• Hacker, Hustler, Hipster
• Start with the end in mind.
• The pressure of 20x returns.
• The customer can be a great investor in your company.
• Changing the way you think.

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Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.