Sramana Mitra: When you were executing this project, what was the business model for the company? Lori Steele Contorer: The business model at that time was to sell election software and services, probably on a per election fee as opposed to a SaaS model. We would get hired to do an election and we would
Sramana Mitra: What are other highlights in the journey of building Gigya that are major strategic points where you went to the next level? Of course, one of the big strategic moves was figuring out what problem you were going to solve and achieving that product-market fit. It sounds like you achieved that in the
Ron Bianchini: Because of the incredible offload ratio, we’re able to build a clustering flash-based product that gives you some incredible performance levels. You can put that in front of a disk-based product, ideally a clustering disk-based product, and build out a system that gets the performance of flash with the cost point of disk. Sramana Mitra:
Sramana Mitra: In 2005, you quit your job. How did you get started? What was your next step? Lori Steele Contorer: I started looking around the world for the best technology. I’ve seen many companies throw money at technologies in the early 2000s and I feel if you don’t understand the process you’re trying to fix or improve,
Entrepreneurs are invited to the 259th FREE online 1M/1M roundtable mentoring session on Thursday, May 14, 2015, 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: How do you price this? Eyal Magen: It’s a SaaS-based model, so you have to pay every year. We usually sign multi-year deals. We price it based on a combination of elements of the product that you purchase and obviously, the number of users that you anticipate. Sramana Mitra: It’s a volume-based pricing model?
In case you missed it, you can listen to the recording here:
Sramana Mitra: So in 2004, you sold to NetApp. Did you work for NetApp? Ron Bianchini: I did. Sramana Mitra: For how long? Ron Bianchini: As part of the acquisition, we all had two-year golden handcuffs, but I stayed for four years. Sramana Mitra: To work for NetApp, did you have to move to Silicon