Sramana Mitra: When you look at cloud computing in general, where do you see startup opportunities? For example, in 2005, you identified file sharing as one of the opportunities. What do you see today from your vantage point? Jesse Lipson: I think a lot of customers, especially on the enterprise side, still have not adopted
Sramana: So, you basically bootstrapped the early stages of the company? Adeyemi Ajao: Brendan and I developed a prototype with the assistance to two engineers. Once we had the prototype in place, we put it in front of some investors. Our first investors were professors and classmates at Stanford. One of my professors has been
Sramana Mitra: Who are the leaders in those six quadrants? If you look at computer file sharing, who is the leader, in your opinion? Jesse Lipson: I think on the consumer side, the ad hoc file sharing , companies like YouSendIt have specialized in that area. On the consumer storage and backup solutions, Dropbox tends
Sramana: Was it difficult for you to come to Silicon Valley? Adeyemi Ajao: I contemplated three options. One option was for me to come here on trips using a tourist visa; however, I was concerned that I would not have enough time to really start anything. Another option was for me to come and work
Entrepreneurs are invited to the 130th FREE online 1M/1M roundtable on Thursday, June 14, 2012, at 4:00 p.m. BST/8:00 a.m. PDT/11:00 a.m. EDT. A&N Media and Elance will be co-hosting a roundtable competition with Imperial College entrepreneurs. Five entrepreneurs will be selected to present their company pitches. We are especially looking for business ideas which
Sramana Mitra: Between 2005 and 2011, at the time of the acquisition by Citrix, how did the revenue run? Jesse Lipson: We were definitely experiencing triple-digit growth every year. We were in the Inc. 500 the last two years. We actually ranked above some of the heavily venture-funded companies like Box.net and YouSendIt. We were
Sramana: How did the story with Teunti end? Adeyemi Ajao: I ran it as the CEO for two years, and it was sold in 2010 to Telefonica. It was the biggest startup transaction in the history of Spain. We sold for $100 million. Sramana: Were you with the company all the way through the transaction?
During today’s roundtable, we held the second finals for the BlueSnap-Elance contest. Family Rx Tracker First, Stephanie Mountain from Leawood, Kansas, pitched Family Rx Tracker, an online service and mobile app for reminding caregivers about the administering times of elderly family members’ medications. Family Rx Tracker wants to differentiate itself from competitors by making available a