Sramana: How did you finance that inventory? Jason Ross: I financed it from my savings, from the money I made on my first business, and debt. I never raised any money. Everything was bootstrapped.
By guest authors Irina Patterson and Candice Arnold Irina: But you will clearly be looking for some returns, right? Lewis: Absolutely, yes. We view this space from [the point of] recognizing that there are strong business models and strong opportunities that if and when applied to the right sector and segment, there is the ability
By Sramana Mitra and guest author Shaloo Shalini In this interview, Sramana and Paul Stamas, VP of IT at Mohawk Fine Papers, discuss how cloud computing has helped Mohawk compete with larger players without having to grow its data center and staffing. Paul believes that cloud computing is an essential element of IT for small
By guest authors Irina Patterson and Candice Arnold Dave: When I receive a referral from someone, I always ask, “Are you investing?” If he’s not investing, I really want to understand why. Why does he think if he’s not going to invest that it’s a good opportunity for us to invest? I sort of hold
By Sramana Mitra and guest author Shaloo Shalini SM: In the remaining time, I would like to explore the topic of entrepreneurship in the clouds. From your vantage point, what are the entrepreneurial opportunities that are best addressed through the cloud paradigm? I run a program called 1 Million by 1 Million. We are trying
Sramana: How did you go about launching the company? Jason Ross: It was a long and joyful journey. In January of 2006 I wrote the business plan despite having no fashion industry or e-commerce experience. I made a pact with myself that whatever barriers would come up would not stop me and that I would
By guest authors Irina Patterson and Candice Arnold Irina: When you’re deciding whether to invest in a company, to what factors do you give the most weight? Dave: Usually, product is the most important to me. But I think a lot of people say team is most important. I do agree with that, but it’s
By guest authors Irina Patterson and Candice Arnold Irina: Do the partners participate in your conference calls with entrepreneurs? Lewis: It depends on the situation. Typically, if we’re working just for the entrepreneur and helping him, it’s just with the entrepreneur. If it’s working with one of the funding organizations, a lot of times the