IDA Pivoted during Coronavirus to a more diversified strategy
Episode description
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 ā Co-Founder and CEO IDA
Ā The founderIn this interview Jƶrn āJoeā 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 ā 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.
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Within two days after our major client called us ā to stop all work for them -, we defined a new strategy for IDA ā¦ we prepared new services, for new customers for fixed prices
Hamedo Ayadi ā Co-Founder and CEO IDA
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Ā 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.Ā You can learn more about the startup and the initiative here (German only) https://www.frankfurtforward.com/startups/ida
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Corona really gave us a hard time. 70% of our employees do work related to aviation
Hamedo Ayadi ā Co-Founder and CEO IDA
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The StartupĀ
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 ā a tech consulting company ā which worked with SAP tools and their integration and maintenance in large corporates.Ā 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
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IDA started originally with a meeting of chance in a train driving from Frankfurt to Munich
Hamedo Ayadi ā Co-Founder and CEO IDA
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Ā Venture CapitalĀ
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.
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The Video Interview weng live on April 2nd 19.00 Frankfurt (1 PM Eastern, 18.00 London)https://youtu.be/9mHpBDwHAHc
Ā Further Readings / Additional ResourcesĀ
Learn more about Frankfurt Forward here: https://www.frankfurtforward.com/
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