Sramana: After you were unable to get VC funding, how did you finance the company? Jay Chaudhry: My wife and I talked and we decided to put our life savings on the line. We figured that if our business was successful then we would have fulfilled the dream, and if it failed then we could
Sramana Mitra: The answer you gave me is interesting in itself. But what I was originally asking you about the entrepreneurship audience is more about a loyalty program. For example, where the consumer is the entrepreneur, and you either have a small business and there is a bank or large vendor catering to that small
Sramana Mitra: Do you have to do anything with your software to optimize it for a DRAM-oriented system versus a flash-oriented system? Srini Srinivasan: We have optimizations to use a flash system. We also have optimizations for DRAM systems, but they are simpler. We wrote our own file system to take advantage of flash storage.
In case you missed it, you can listen to the recording here:
Sramana: How big was this new company that you joined? Jay Chaudhry: They had about 130 people in it and I became the number 2 man handling all the marketing and some of the BD functions. This was a wonderful experience. I was able to put all the lessons I had learn up to that
Sramana Mitra: What is your business model in this scenario? Who pays you? Kelly Passey: This is not a public-facing model – these merchants are getting access to a private network of consumers, Allstate Motor Club members in this example. Allstate is endorsing these merchants to their customers. That kind of value is hard for
Today’s roundtable had three Indian entrepreneurs pitching their businesses from all over the country. Revolution Next Technologies First up was Rahul Sharma from Ludhiana, India, pitching Revolution Next Technologies, an integrated educational institution management solution. Rahul has several institutes in Turkey and Colombia using the product, but wants to get into the US private and
Sramana Mitra: How is this all handled? You said Aerospike cluster, does that mean you deliver your service on the cloud? Srini Srinivasan: We build software and we license our software to our customers. They put it on their hardware and run it. However, the software is self-managing. It is very easy to set up,