Sramana: What has your revenue ramp rate looked like over the years? Roman Stanek: In 2012 we were over $15 million in revenue. We also have a backlog for the next couple of years. We know we have $15 million waiting for us twice over.
Sramana Mitra: How do you find entrepreneurs to develop applications on your platform? How does the platform market itself? Miko Matsumura: We are working that out as we go. We are in beta at the moment. SM: And you are doing $20 million already, while still being in beta?
Bobby Yazdani is the chief executive officer of SABA, one of the industry’s leading learning and talent management providers. Bobby holds a BA in applied mathematics from the University of California at Berkeley. In 1997 Bobby founded SABA, and he took the company public in 2000. Today the company has revenue of more than $100
Sramana: It is good that you have identified a process for moving into new business areas, particularly since you are a SaaS-based business. Roman Stanek: SaaS is an unforgiving business. It is a resource-intensive business, and customers can always churn. There is loyalty, but it is only gained by quality service. There is a very
Sramana Mitra: This exit that you are talking about in Japan, a $25 million to $30 million revenue company, what kind of market gap do you see for this? Miko Matsumura: The market gap range is $100 million. SM: And what is the range of the multiples you can get on something like this in
Sramana Mitra: The only issue there is you would need people who can learn in that mode. That means you would need a high-end set of people already. Venkat Viswanathan: I agree. There is no getting away from the quality of people issue. The only aspect that has been a revelation for me is that
Entrepreneurs are invited to the 159th FREE online 1M/1M roundtable mentoring session on Thursday, January 31, 2013, 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 constructive feedback and she’ll answer any of your questions. Others
Sramana: What were the steps that you took to validate your concept? Who was the first customer you went to talk to who resonated with your value proposition? Roman Stanek: I absolutely believe that as much as you can validate a business model there is no substitution for intuition. The opposite applies as well. If