Yaacov Cohen: Let’s say, if I want to look for a specific life insurance policy. I want to see who among my colleagues have been able to tailor an insurance portfolio to a specific scenario. I want to be able to use tags which are describing the specific scenario to search across a million documents and to retrieve the five documents which are relevant to me for this particular insurance situation. That’s the type of scenario that we see where you need to build a knowledge center rather than simply store a document.
Sramana Mitra: What does your competitive landscape look like? Whom do you consider as direct and indirect competitors?
In case you missed it, you can listen to the recording here:
Peter Mann: Initially, I started with a couple of factories in China and started with those products to get the business started. These were mostly Chinese developed products that I adjusted and branded. It wasn’t really manufactured from the ground-up by us. Shortly thereafter, I started looking at air purifiers. In its simplest form, it’s a motor, fan, and a filter. My idea was to get the best filters, motors, and fans and put them together. That kicked off about a year’s worth of research into different motor manufacturers. I was looking at it as a high-end consumer product with industrial-quality components. I evaluated component after component until I settled on the components that we felt comfortable putting into the product. We built a prototype and ran it for several months. That’s how we got into the current air products at Oransi.
Entrepreneurs are invited to the 208th FREE online 1M/1M roundtable mentoring session on Thursday, March 6, 2014, at 8 a.m. PST/11 a.m. EST/9:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
After a minor turnaround earlier last year, local business reviews site Angie’s List (Nasdaq: ANGI) seems to be back in the rough. Recently released dismal financial results continue to spell gloom for the company. And there doesn’t seem to be a revival in sight.
Rategain is one of the top global SaaS companies built out of India. This interview captures CEO Bhanu Chopra’s entrepreneurial journey.
Sramana: Bhanu, let’s start with the beginning of your story. What kind of circumstances where you raised in? What is the genesis of your entrepreneurial journey?
Bhanu Chopra: I am a Delhi boy, I was born and raised in a business family in Delhi. Right after I completed school, I went to the US for my undergraduate studies. I went to the Indiana University and have a double degree in finance and computer science. When I was growing up, I was very good with numbers. The advice that my father gave me was to get into something like finance. Computers are a derivation of mathematics. That is why I got interested in computers. >>>
Sramana Mitra: Can you talk to me a bit about the other different use cases that you’re seeing for the solution you’re offering. You took off through the investment banking use case. Are we talking more of a sales kind of scenario? Do you want people who are in sales situations to have access to their colleagues and information to interact with clients?
Sramana Mitra: What happened after Dell?
Peter Mann: When I was at Dell, I learned pretty quickly that the culture wasn’t what I was expecting. At the same time, the Internet bubble burst. Dell started going through round after round of layoffs. The morale was low. It was a difficult environment from a cultural perspective. I was confident that I wasn’t going to lose my job but at the same time, no one really knew what was going to happen.