Deepak Goel, the mastermind behind his new company KarmaCircles. Deepak says the company is the next-generation LinkedIn. He believes he has found his calling in life as an entrepreneur in the social networking niche.

Famous Five:

Favorite Book? – Give and Take
What CEO do you follow? — Jeff Weiner, CEO of LinkedIn
Favorite online tool? — Mint, Appear.in

Do you get 8 hours of sleep? — Absolutely.
If you could let your 20 year old self know one thing, what would it be? — Don’t stay in a company for more than two years.

Time Stamped Show Notes:

01:05 – Nathan introduces Deepak
01:50 – KarmaCircles is an app that connects entrepreneurs with successful business people
02:55 – Pilots with business schools and corporate companies
03:15 – No money the first year
03:30 – What companies are similar to KarmaCircles
- 04:20 – A LinkedIn of the future
05:00 – All free pilots right now
- 05:45 – Why they are not charging for the app now
06:40 – Will the customers pay when they make that shift?
- 07:10 – If customers like the product, they will stay
07:40 – Target annual contract value size
- 07:55 – 500 users per month for business schools
- 08:45 – It can be used by any company that does networking
- 09:00 – Much larger contracts for corporate companies
10:10 – Capital from six angel investors
10:40 – 6 people on their team
- 10:50 – They pay $3000/month for six engineers
11:40 – Differences between them and the company Clarity
12:00 – Social networking is Deepak’s “life calling”
13:00 – Karmacircles.com/Deepak
15:00 – Giving of yourself for free will circle back to you
15:45 – The Famous Five

3 Key Points:

Find the industry that you were made for.
If you give to others freely, you will see karma come back around to you.
Believe in your business and set high expectations.

Resources Mentioned:

Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible – Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
Mint – Deepak’s favorite online tool
Appear.in – A video conversation tool that requires no download
Show Notes provided by Mallard Creatives

EP 401: Quit $180k Microsoft Job to Launch Own Startup with KarmaCircles CEO Deepak Goel

SaaS Interviews with CEOs, Startups, Founders