This TechCrunch article looks at how accelerators could be the business school of the future, providing tremendous educational value to budding entrepreneurs. For this week’s posts, click on the paragraph links.
Sramana Mitra: While it wasn’t a small company, it wasn’t one of the major companies – SAP or Oracle. Sunny Singh: That’s right. Sramana Mitra: What were the contract sizes of the projects you were doing? Sunny Singh: Under $2,000. They were all between $500 and $2,000. It depends how many seats they buy. If
Sramana Mitra: They should and they do, but from a software design point of view, you have to keep in mind that they’re two different departments. You can’t assume that the user and user interface are going to be exactly the same. Jason Wells: We learned that over the next couple of years as we
Cliff Johnson: After law school, I ended up working at a tax firm in Colorado and gained a lot of experience there. I worked with a lot of small businesses and mid-sized businesses, which was very invigorating for me. I was interested in tax law but I was always more interested in their business story
Sramana Mitra: What did you start with? Were you bootstrapping the company? Sunny Singh: Yes, I took about 18 to 20 credit cards. That was seed money for Edifecs. I had no concept of VCs. I was not business savvy. That was how Edifecs got started. I’ve never run a business before. Sramana Mitra: How
Sramana Mitra: $3 million was raised from whom? Jason Wells: They are a private investment group out of New York. They’re not a traditional venture capital firm. They’re more of a Warren Buffet type of an organization, which makes about one or two investments a year in public companies. They didn’t have a portfolio for
Vacasa has bootstrapped to scale in the crowded vacation rental space. Read how! Sramana Mitra: Let’s start with the very beginning of your journey. Where were you born, raised, and in what kind of background? Cliff Johnson: I actually have a fairly unique background, at least for the US anyway. I was born in New
Sramana Mitra: What year does that bring us up to when you finished your Microsoft gig? Sunny Singh: 1996. Sramana Mitra: The Internet is now in full swing and you wanted to be an entrepreneur. Within that year that you worked at Microsoft, you figured out what it was that you were going to do