Building Successful Startups with Fractional Hires with Praveen Ghanta

How fractional work can be a cost-effective solution for businesses.

Feb 6, 2024

In this episode of Alternative Universe, Steve Zuschin talks with Praveen Ghanta, Founder and CEO of fraction.




Praveen shares his entrepreneurial journey, from his early days in the dot-com bubble to building successful startups in the fintech industry.


He discusses fractional work and how it can be a cost-effective solution for businesses. Their conversation also covers the changing landscape of startup funding, the value of profitability, and the potential of niche markets in the private markets space. Building a successful business is often a multifaceted journey, demanding strategic decisions and resourceful approaches.



"Savvy investors, however, are turning their attention to niche startups powered by fractional work"


For startups, managing operational complexity requires a keen understanding of growth strategies, revenue models, and investment considerations. Savvy investors, however, are turning their attention to niche startups powered by fractional work. In this episode of Alternative Universe, Steve talks with Praveen Ghanta, Founder and CEO of fraction. Praveen shares his entrepreneurial journey, from his early days in the dot-com bubble to building successful startups in the fintech industry. He discusses fractional work and how it can be a cost-effective solution for businesses. Their conversation also covers the changing landscape of startup funding, the value of profitability, and the potential of niche markets in the private markets space.



"Being bootstrapped, what's your funding source? Your customers are your funding source. So, therefore, you've got to meet their needs and grow and adapt with them."


Here are some Key Takeaways: Startups with a clear revenue model can have more options and flexibility in their growth strategies. Fractional work can be a cost-effective solution for businesses, allowing them to access specialized expertise part-time. Fractional work allows for long-term relationships with experts, leading to knowledge transfer and consistent support for the business. Investing in niche markets and companies with a clear path to profitability can be a lower-risk and more realistic approach than chasing unicorn startups. "Being bootstrapped, what's your funding source? Your customers are your funding source. So, therefore, you've got to meet their needs and grow and adapt with them."



All content on this podcast is for informational purposes of a general nature only, and does not address any particular individual or investment. Nothing in this podcast constitutes accounting, legal, tax, financial or other professional advice. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the podcast participants may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. Please seek independent advice from a financial professional about your investment needs.


Listen to the Full Podcast Here:

https://hirefraction.com/listen


Let's grow your team.

Fraction helps companies tap into the best software talent - employees at top tech firms. Fraction taps into their spare capacity, providing you with access to top developers, designers, product managers, and software architects.

See Developers

See more tech stacks

Fraction helps companies tap into the best software talent - employees at top tech firms. Fraction taps into their spare capacity, providing you with access to top developers, designers, product managers, and software architects.

See more tech stacks

Let's grow your team.

SEE REVIEWS REVIEWED ON
Read our reviews on