Summary: IDA Pivoted during Coronavirus to a more diversified strategyWe got a call from our largest client [during Corona] and they told us to immediately stop all work for them. Within two hours we lost everything we build up in three years. Hamedo Ayadi – Co-Founder and CEO IDA The founderIn this interview Jörn “Joe” Menninger, founder, and host of Startuprad.io talks to Hamedo Ayadi (https://www.linkedin.com/in/hamedo-ayadi-00021b15a/), co-founder and CEO of IDA – Intelligent Data Analytics (https://ida-analytics.de/). Hamedo is originally born in Morocco and a serial entrepreneur, always based around Frankfurt and the Rhine-Main-Area. He speaks five languages and English is his 5th language. He has not used English in a business setting for 7 years before our interview, so please cut him some slag. He came to Germany early in his life and studied Psychology at the University of Mainz. PatreonYou can now support us on Patreon https://www.patreon.com/bePatron?u=35246148 if you like what you see and hear consider to support us, so we can keep bringing you great content. Within two days after our major client called us – to stop all work for them -, we defined a new strategy for IDA … we prepared new services, for new customers for fixed prices Hamedo Ayadi – Co-Founder and CEO IDA Affiliate LinksIs your startup in need of a bank account in Germany? Try our partner affiliate Penta http://bit.ly/3bdHX3d Looking to open a bank account to shift between crypto and fiat? Try our partner Bitwala with this affiliate link here http://bit.ly/2w01Zye Startup of the Month May 2020IDA is the Startup of the Month - May 2020 by Frankfurt Forward. This podcast is in a media partnership with Frankfurt Forward. You can learn more about the startup and the initiative here (German only) https://www.frankfurtforward.com/startups/ida Corona really gave us a hard time. 70% of our employees do work related to aviation Hamedo Ayadi – Co-Founder and CEO IDA The Startup IDA is the second company of Hamedo, both of which he co-founded with one of his colleagues from Unisys. They sold their first business – a tech consulting company – which worked with SAP tools and their integration and maintenance in large corporates. They sold the company end of 2017. IDA is a platform to connect all data in a single platform and make them usable for the client. They help to optimize and workflows and business processes IDA started originally with a meeting of chance in a train driving from Frankfurt to Munich Hamedo Ayadi – Co-Founder and CEO IDA Venture Capital IDA has been bootstrapped so far, but they are looking to raise a Series A Venture Capital round. They want to use the funds for global and cross industry expansion. If you want to get introduced to them, let us know. The Video Interview weng live on April 2nd 19.00 Frankfurt (1 PM Eastern, 18.00 London)https://youtu.be/9mHpBDwHAHc Further Readings / Additional Resources Learn more about Frankfurt Forward here: https://www.frankfurtforward.com/ Feedback Reach out to us, here is our audience survey, to give us feedback, suggest topics, interview partners or just to say “Hallo!” https://forms.gle/mLV6mVKwGwKuut8BA Folge direkt herunterladen
