Sramana Mitra: So, that means a large number of your customers are basically Internet companies. Companies that provide Internet services or Internet retail, e-commerce, and so on. Is that correct? Billy Bosworth: That is certainly not uncommon. Overall, I would not say Internet companies, but that their applications are Internet based. That is the better
Sramana: Where are you located? Daniel Cane: We are in Boca Raton, Florida. Sramana: That is a region that does not have as much of an angel or a VC community. That makes your company’s story even more interesting.
Sramana Mitra: The map that is emerging in my mind is that you are doing all the big data processing on your side, whether it is Adobe building a product on top of your platform, or eBay or Netflix building certain capabilities in their transactional systems. That is how you go to the market. Is
Sramana: This is one of the few stories I have heard where this type of fundraising has taken place. It is wonderful, and it makes perfect sense. You have converted customers into very serious evangelists. Daniel Cane: Exactly. The company has done well financially, so I think everyone is happy with the outcome. Raising money
Sramana Mitra: I would like you to do two more use cases. Feel free to pick whatever would be a good illustration of your functionality. Bill Bosworth: What we tend to focus on is the following: When we work with larger companies, many of them have lines of business that are trying to fundamentally change
Entrepreneurs are invited to the 161st FREE online 1M/1M roundtable mentoring session on Thursday, February 14, 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 Ms. Sramana Mitra. You’ll gain constructive feedback and she’ll answer any of your questions.
Sramana: When you started Modernizing Medical, you focused on dermatology specialists. How many specializations do you sell to today? Daniel Cane: We have also launched products in ophthalmology and optometry. This quarter we are launching into plastic surgery and orthopedics. We also have derivative products. For example, the plastic surgery product has a cosmetic derivative
Sramana: Let’s talk about your current company, Modernizing Medicine. What were the circumstances of the founding of Modern medicine? What was the genesis? Daniel Cane: Modernizing Medicine is one of those companies where two people met under the right circumstances; in this case a serial tech entrepreneur meets a visionary doctor. Both of us were