Sramana Mitra: How does a new small company entering in this system break through? We are seeing a huge amount of usage of these services exchanges – Elance, oDesk, etc. – and one thing we always hear from small companies is when they start transacting and selling on those exchanges, it takes them a long
Sramana: Given that you were facing a tricky market with uncertain revenues, how were you able to finance the cash requirements to keep your human capital? Eran Yaniv: We did not have enough revenue coming in to keep the status quo. When you make the right decisions financially and organizationally, then your VCs will appreciate
Sramana Mitra: Talk about that a little bit. Our community is full of small companies. If they want to try out the Ariba network, what would you advise them to do? Tim Minahan: I would invite them to go and get discovered with a service on the network we call Ariba Discovery. It is at
Sramana: How did you finance the company? Did you get the VCs to finance the concept? Eran Yaniv: That is an interesting question. The concept we had in place that we were going to use to target mobile developers needed some engineering development. It did not need too much, but to prove the concept we
Sramana Mitra: I think most of the big data solutions nowadays are being delivered in either public or private clouds. Sandy Steier: But in that case, the purpose of the cloud is merely an outsourcing mechanism, so you don’t have to have your own computers and your own data center. It is not open to
Sramana Mitra: That is interesting. That brings me to the question about startups. Of the one million companies transacting on your system, what is the distribution? How many are large companies, how many are mid-sized companies, and how many are small companies? Tim Minahan: Demographics would certainly tell you that the large majority of them
Entrepreneurs are invited to the 168th FREE online 1M/1M roundtable mentoring session on Thursday, April 4, 2013, at 8 a.m. PDT/11 a.m. EDT/8:30 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: What was the premise on which you founded Perfecto Mobile? Eran Yaniv: I have two small stories from my past that I can tell to answer that question. When I worked for Converse, we would develop instant mobile applications for mobile operators in the U.S. We developed them in Israel and then came here