Sramana Mitra: What was the intellectual property that you bought? From whom did you buy it? Atul Jain: It was a one-person entity. I hired a person that had a bit more telecom knowledge than I did. I asked him about what I could build and he talked about doing something in the billing reconciliation
Today’s 234th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, October 16, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join.
Today’s 234th FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, October 16, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Consider this scenario: A large technology corporation has a few hundred products that are sold to thousands of enterprises and small-medium businesses. Because of the fast pace of change in technology, every single product in the portfolio experiences market pressures of various kinds. Competition from startups. Integration requirements with external products. Architecture changes in the
Sramana Mitra: A plan did not exist at that time? David Karandish: Answers.com was not a parallel path. We acquired Answers.com in 2011. Around 2008-2009, we did a white boarding strategy session. We brought some of the key management team members in and asked them, “If we were going to build the ultimate Internet company,
Sramana Mitra: I experienced this with my grandmother about five years ago. This was in India. She was in a coma essentially and she was not responding. It was about 18 days. We would have been happy to let her go but no one would let us do that. She was 87 years old. Girish
You would think question and answer sites are hard to monetize. Read how David Karandish built Answers.com to be a profitable $200M+ company … Note, the much-hyped Quora doesn’t monetize at all yet. Sramana Mitra: David, let’s start with your background. Where does your story begin? What is the back-story to the Answers.com story? David Karandish:
Sramana Mitra: What were you consulting on? Atul Jain: I was helping them build a system for oil trading. I had developed a certain amount of expertise in doing that, so they were happy to get my expertise to help them figure out how to go about building an integrated oil trading system. I told