Sramana Mitra: You said Kimberly-Clark has developed 400 applications in a year on top of your big data platform. Talk to us about what the platform consists of, what data sources they are drawing from and what the types of applications are. Adriaan van Wyck: Let’s talk about the role we play within the concept
Sramana: How did revenue scale as you following this strategy? Steve Cotton: We started with revenues of $470,000 and then went to $1.5 million and got up to $7.5 million. This cash revenue gave us some flexibility to develop a strategy for the future. We looked into the marketplace and found a technology company that
Adriaan van Wyk is the chief executive officer of K2, a company that helps business customers make sense of big data analytics in order to make business decisions. The company started off in South Africa and through the years managed to create a global footprint with partners in Europe, the U.S., and Asia. In this
The Economic Times has published Sramana Mitra’s article, Future of Indian Entrepreneurship in Light of Current Worries. You can read it here.
Sramana Mitra: It sounds as though you would prefer to exit into strategic than to deal with all this financial mumbo-jumbo. Asher Delug: Absolutely. Preferably a strategic that is public, so we can participate in the further upside of the company. I think a cash stock deal with a public company would be an option
Entrepreneurs are invited to the 186th FREE online 1M/1M roundtable mentoring session on Thursday, September 5, 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 Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any
In case you missed it, you can listen to the recording here:
Sramana: Was your father’s business model basically selling services around someone else’s product? Steve Cotton: Yes. The company’s business model was essentially a manufacturer’s representative of a battery monitor product. Companies would deploy these systems into their data centers, and then when they would have problems they would realize that there had been indicators in