Sramana Mitra: How fast were you able to course correct on that? I imagine that when you saw that things were not working out, you fired the CEO. When did that happen? Frank Sheppard: Late 2003, I believe. We were probably short of bankruptcy, but like all good entrepreneurs, we were too stupid to do
Daniel enlightens us on the identity side of IoT and discusses use cases in automobiles and transportation in this interview. Sramana Mitra: Let’s start with some introduction about yourself as well as ForgeRock. Daniel Raskin: I’m the VP of Strategy at ForgeRock. I have a long history in the identity and access management space, stemming from
Duncan Lennox: Another classic case for us would be on-boarding. Like a lot of our technology companies, customers are very fast-growth companies. They’re bringing on board a lot of sales people all the time. They’re also acquiring companies. When they acquire a company, they get a new set of sales people with that as well.
Frank Sheppard: At that time, my spouse was still with IBM, working in the retail division. She just saw some opportunity there. We agreed to bring her on board in late 1995 to see if she can develop a lot of what we were doing for the telecom industry. We were able to do that very
Sramana Mitra: Given the numbers you’ve quoted in terms of houses sold, it seems to me that you should be ready to go public at this point. Is that part of the thinking? Why or why not? What’s going on from an exit point of view? Jake Seid: Our goal is to build a big company.
Sramana Mitra: What kind of games are they playing when you talk about gamification. I think what you’re saying is the concept of games as a method of sales training, yes? Duncan Lennox: I think it’s a lot more than that, but that’s certainly a key part. When you talk about gamification, it’s important to
Sramana Mitra: Let me see if I got this. You basically had a project within IBM that IBM didn’t want to pursue. You wanted to pursue it and, with IBM’s blessing, you spun it out as a separate company? Frank Sheppard: Correct. IBM had no part in the founding of that company except to say
Entrepreneurs are invited to the 265th FREE online 1M/1M roundtable mentoring session on Thursday, June 25, 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