By Sramana Mitra and guest author Shaloo Shalini SM: Can you describe more the case of your HR application going from $100,000 a year to $20,000 a year? How did you accomplish that? Could you take through the changes you made that resulted in those kind of savings?
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Sramana: In the beginning, did you have different merchandise for sale every day? Jason Ross: In the beginning we did sales three times a week, and we rotated the merchandise so each sale had something new. A couple of months later we had enough of an audience to move to sales five days a week.
By guest authors Irina Patterson and Candice Arnold Irina: What do you think angels could do to improve the entire entrepreneurial ecosystem? Dave: It seems the most important thing is providing small amounts of capital early on when companies are getting started and providing advice and support, either in business or product development or marketing.
In case you missed this roundtable for cloud computing entrepreneurs, you can listen to the recording here.
By guest authors Irina Patterson and Candice Arnold Irina: Any more thoughts on funding at different stages of business’ development? Lewis: If we are looking at something that’s a little more established, such as something related to microfinance or SME funding, we will look to fund at the later stage when there is more volume
By Sramana Mitra and guest author Shaloo Shalini SM: And how do you select vendors for cloud solutions? PS: In certain cases, we have vendors we already know because we are moving from an on-premise hosting to a hosted environment, so the selection of the vendors has already been made. SM: So, all the vendors
By Sramana Mitra and guest author Shaloo Shalini SM: The idea of a private cloud within a public cloud is a good one, actually; somebody should start and do it. Do you have any more ideas to share about entrepreneurship in the cloud? RN: Well, I have to think of something more before retirement. I