Sramana: When you went through your fight with the VCs and they resigned they still owned a very large portion of your company. How did you resolve that situation? Alex Bouzari: We bought them out. They walked away from the company in 2002. They told us we had lower than a 1 in 1,000 chance
In this week’s guest post, Daniel Burrus returns to discuss How to Future-Proof a Business. To read the rest of the week’s posts, click on the full article.
Sramana: Where did you and your investors agendas diverge? Alex Bouzari: The investors wanted us to go into the broad market with that technology while we kept telling them that it was not technology that applied to the broad market. It was high-performance, high-capacity storage for unstructured data. We had put in three years of
By guest author Irina Patterson Are you an entrepreneur? Are you considering joining 1M/1M? If so, STOP considering. This week I want you to ACT and if you DO, I’ll be standing by to help you in any way I can.
Sramana: How did you fund Mega Drive Systems? Alex Bouzari: With the few dollars that we received from licensing our previous companies technology, as well as some of our credit cards. We worked 16-hour days. We designed the product, wrote the data sheets, and sold them to customers ourselves. In 1988 we managed to generate
By guest author Irina Patterson Today, I’ll share with you Michael Goldman’s story. As you read, see how Michael was able to successfully leverage the resources of both his local incubator in Maine and the 1M/1M program.
By guest author Gerry Langeler from his e-book “Take the Money and Run! An Insider’s Guide to Venture Capital” The old saying in the VC business is investors invest in three things: people, people and people. There’s more than a little truth to that. We’ve seen great teams dig themselves out of some deep holes, and weak
Entrepreneurs are invited to pitch their businesses or attend the 102nd FREE online 1M/1M roundtable on Thursday, October 20, 2011, starting at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. IST. You can find more details here and register here. We hope to see you there, all are welcome!