Today the significant opportunities for entrepreneurship currently exist in the application layer of the Big Data industry. The platforms and plumbing are already in place. The most exciting opportunities are going to be available to those entrepreneurs who harness the power of big data, but couple it with intense domain knowledge in specific areas of
Sramana Mitra: You have a third segment that you wanted to talk about? Mike Ward: Those are all the three: corporate, and I believe I touched on consumer and e-commerce. Sramana Mitra: You touched on consumer and e-commerce. I don’t think you elaborated on the corporate. Mike Ward: From a corporate perspective, it covers many different
Sramana Mitra: What did you have in place when you went to raise capital? Josh McCarter: We had a functioning framework of the software. We had about 700 customers and a team of about 30 people. It was, at least, beyond a prototype and proof of concept. The business was doing under $1 million in revenue. We had
Sramana Mitra: What are some of the use cases? Mike Ward: Private clients today might be an expat living abroad for a few years. You might have a consumer who is studying abroad. We pay part of that tuition for them. They could be buying a vacation home. From a corporate perspective, they might have their own website.
Sramana Mitra: What year does this bring us up to? Josh McCarter: Around 2001. Sramana Mitra: What happened then? Josh McCarter: The company’s IPO was successful. After six years, I was looking to do something new. I went and joined a company called Spafinder. It was a travel-based magazine and was call center-oriented. We were trying to turn
We’ve been covering the Vertical Cloud trend extensively this year. The following in-depth interviews with five leaders in Vertical Cloud offer an opportunity to get up to speed with the developments. Peter Gassner, CEO of Veeva Systems – Peter Gassner is a self-described late bloomer. In a wonderfully authentic interview, Peter describes here how he turned
In an increasingly globalized world, currency transfer is becoming increasingly digital. Sramana Mitra: Let’s start by introducing our audience to World First as well as yourself. Mike Ward: I’m the Chief Revenue Officer for World First for the global business unit. It was started in 2004. Jonathan Quinn and Nick Robinson were our two founders based out
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. In 2010, SaaS investors were less rigorous than they are today about unit economics. Josh managed to raise a $15 million Series A and acquired a significant runway to figure out the metrics of his SMB-focused SaaS business. Read more about his journey. Sramana Mitra: Let’s