Sramana: So you really focused on selling to clients who had a workflow or process improvement need? Was any of it regulatory based? Tommy Petrogiannis: Yes. We got very lucky in 1996 when the Joint Chiefs of Staff at the Pentagon ended up buying an enterprise license from us and they standardized on our product.
Bootstrapped Indian entrepreneurs should consider nominating yourselves for BootUpINDIA, an iSPIRT initiative. Through a self-nomination/application process, a select group of winners will be chosen by a jury of successful product champions, including Sramana Mitra. Winners will be awarded participation in BootUpINDIA’s year long mentorship program. You can find more details here. The BootUpINDIA program launch will
Entrepreneurs are invited to the 230th FREE online 1M/1M roundtable mentoring session on Thursday, September 18, 2014, 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
Sramana Mitra: There are two trends that are holding e-commerce back in India. India is getting a lot of investments right now. There is one major company that has emerged called Flipkart that is doing very well. Amazon has announced that they’re going to invest $2 billion. There are two major issues in Indian e-commerce.
Sramana Mitra: For IBM, a $500 million to $2 billion is probably not as interesting as a client. For you, it is interesting. Sean Donaldson: We’ve had some opportunities winning some very large clients from them. In one case, a customer was with IBM and after six months of trying to get a particular system set up,
Sramana: It sounds like you found a niche working on digital signatures to enable paperless workflows well before it became a standardized business practice. Tommy Petrogiannis: A lot of what we developed is commonplace today. In 1994, we were the first company to embed signatures into a PDF document. Adobe did it six years later. Today that
Today’s roundtable had five presentations, and as usual, an international representation. iTrans Technologies First up, Mallesh Reddy from Singapore pitched iTrans Technologies, a platform for auto insurance companies to implement user behavior based pricing. The company is already doing $1M in revenue, and shows strong potential for success. PoolCircle Next, Raghu Ramanujam from Bangalore, pitched
Sramana Mitra: What is the size of your customer base? How many African consumers are interacting with your mobile application to buy products from the US and UK? Chris Folayan: We have several hundred thousand customers on our platform. The amount of sales done on our mobile platform is about 52% right now. Sramana Mitra: