From Knives to SaaS: Building, Scaling, and Exiting with Jim Kolchin of iWallet
November 6, 2024
In this episode of Ventures from the Valley, host Victor Orlovski sits down with Jim Kolchin, a serial entrepreneur and founder of iWallet. From a Soviet childhood to his successes in Silicon Valley, Jim shares his entrepreneurial journey, including the bootstrapping story behind iWallet. They explore the hard-learned lessons of launching hardware products, the advantage of a solid market entry strategy, and Jim’s insights into building scalable ventures without outside capital.
In this episode of Ventures from the Valley, host Victor Orlovski sits down with Jim Kolchin, a serial entrepreneur and founder of iWallet.
Together, they discuss:
- Early lessons in entrepreneurship from Jim’s Soviet days
- How Silicon Valley and successful exits sharpened Jim’s approach
- The shift from hardware to software and SaaS as scalable business models
- The challenges of changing consumer habits and succeeding in the payment space without external funding
Jim Kolchin is the CEO and Co-Founder of iWallet, a thriving payments platform he’s bootstrapped to multimillion-dollar revenue. With over 25 years of experience in the appliance and HVAC industries, Jim brings deep expertise in hands-on business and technology. He’s a member of the Forbes Los Angeles Business Council and an active shareholder in Partsable.com, a company revolutionizing appliance and HVAC parts distribution.
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