108th 1M/1M Strategy Roundtable For Entrepreneurs: Web 3.0 And Social Dancing; Romania Emerging

17 December 2011 Entrepreneurship

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At today’s roundtable, we had a 30-minute segment on Web 3.0 and Social Dancing. We basically took the Web 3.0 framework – Web 3.0 = (4C + P + VS) – and did a blue sky exercise on how to create a comprehensive user experience for social dancers. We also explored business models that not only can span advertising, subscription, and e-commerce, but also hybrid virtual-physical concepts that could even draw upon a Starbucks of Salsa, Tango or Swing!

It’s a fun segment, so please take a look at the recording here. I hope some of you reading this post ARE social dancers. I am. I would love to see a much better leverage of web technologies to facilitate the formulation of dance related experiences. For more, you can also follow the discussion on my blog titled: Web 3.0 and the Argentine Tango. Complete with videos and definitive use cases, it would give an interested reader some great ideas on how to design such a Web 3.0 system.

Then we moved to another exciting segment for which I need to give you some context. As you may recall from previous roundtable posts, that 1M/1M works closely with many incubators around the world. We simply offer our services as an extension of the incubators’ existing programming. Today, Timişoara Software Business Incubator, led by Executive Director Radu Ticiu, brought on an entrepreneur to pitch, giving us a window into the Romanian startup scene.

Florin Cornianu from Timisoara, Romania, pitched 123ContactForm, a company that competes in the same space as YCombinator’s WuFoo that exited earlier this year for a $35M price, and was acquired by SurveyMonkey. In other words, 123ContactForm offers web forms of all kinds that are used by web developers, small businesses, etc., for various purposes, from surveys to lead collection.

Florin has already built a nice, profitable business with $100,000 a year in revenue. Of course, the significantly lower cost-structure in Romania helps a lot. He is looking at additional expansion opportunities, especially in Europe (through the introduction of multi-language forms) and Asia (through channel partners).

The space is crowded, and requires steady navigation. However, it is wonderful to see steadfast execution from a software startup, and the evolution of a sustainable business in Romania. We hope to see many more in 2012.

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. PST on the following dates:

Thursday, December 22, Register Here.

Thursday, January 5, Register Here.

Thursday, January 19, Register Here.

Thursday, January 26, 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.


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Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, an educational, business development and incubation program that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond, build $1 trillion in sustainable global GDP, and create 10 million jobs. She is a Silicon Valley serial entrepreneur and strategy consultant who writes the blog Sramana Mitra On Strategy, and is the author of the Entrepreneur Journeys book series and Vision India 2020. She has a master’s degree in electrical engineering and computer science from the Massachusetts Institute of Technology.


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