On this episode of Startup Funding hosted by Dr. Roshawnna Novellus we have Azim Barodawala who is the CEO of Atlanta-based Volantio Inc, a technology based focused on helping industries with highly volatile pricing and availability. This technology particularly applies to the travel industry and increases conversion rates while reducing costs. He is also a graduate of Duke University and completed his MBA in the Walton School along with a Masters in International Affairs from the University of Pennsylvania.
Azim, who has a strong passion for travel, innovation, technology, and strategy, has been able to utilize his significant international experience to solve the problem of last minute airline ticket sales. He talks about his experiences and why he decided to become an entrepreneur in a startup company. Azim explains better what Volantio Inc, actually does and how they are able to solve a major problem in ticket sales.
“Are you really passionate about what you are doing?” According to Azim, passion is a huge part of a successful startup, sharing how his passion for traveling was a huge factor in changing the way Volantio Inc operated in the past. Volantio Inc was already setup before Azim came into the picture and he tells us how he was able to properly integrate and overcome that challenge.
According to Azim, “financial concerns are the ones that can hold some people back” stating that monetary gains or glory shouldn’t be the main focus for startups, instead they should aim to solve a problem, in his case, Azim is trying to change and fundamentally impact how airlines are able to sell their tickets.
We get to hear Azim’s best and worst parts of raising capital including the highlights of the fundraising process for his business. We get to learn network building tips like writing a thank you card to potential investors and leveraging personal connections which will make funding much easier.
Speaking on the best advice he has received, Azim recommends a lecture he once heard on: 10 pieces of advice for a mega-successful career and a fulfilling life. These tips include focusing on objectives and starting your day early for higher effectiveness. The episode ends with Azim giving some words of wisdom to startup founders who want to raise money for their business.
Roshawnna and Azim discuss:
[04:09] Azim talks about himself and why he decided to become an entrepreneur.
[05:25] We get to hear more about the company and what has Azim fired up.
[12:44] Azim talks about how he was able to come into the business.
[16:50] Azim talks about his passion and how it was able to help him in the business.
[20:25] “Tell us about the best and worst parts of raising capital.”
[26:16] We learn what may have held him back from investing in the business.
[34:52] Azim shares a personal habit that contributes to his success.
[50:23] Azim shares words of wisdom for founders who want to raise capital.