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Best of Bootstrapping: Tremend CEO Marius Hanganu Bootstraps from Romania

Posted on Friday, Jul 19th 2019

Tremend CEO Marius Hanganu has built a services company from Romania to over $5 million in revenue. Now, he is trying to bootstrap a product using the services business.

Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and in what kind of background?

Marius Hanganu: I’m from Romania. I was born near the seaside. At an early age, we moved to the capital city of Bucharest. My father is an Admiral in the Navy. A bit of that made a mark on myself. I got into computers around 12. I got into the Polytechnic University of Bucharest in the Computer Science Department. It’s probably the best in the country.

I began working on various jobs. It wasn’t easy to get into this field like it is these days. My first job was for a company that was implementing a game engine. The team leader at that time had a particular vision of having the engine written in assembler; even the non-critical part. I worked for a year solely on the assembler. It was quite fun.

Sramana Mitra: What year are we talking about?

Marius Hanganu: I joined the university in 1996. Around 1998, I started working professionally. In the first year, I was working on game engines. Then I wanted to get the feel of the enterprise environment. I worked on financial software also. That was 2002, roughly. Then at some point, a friend of mine asked for my help. He was asking for my help on building an ERP. He asked me if I’d like to start a company with him. We never really started that one though.

Then I was reunited with a former colleague from university. We started doing various projects together. We had day jobs and we were doing all kinds of personal projects on the weekends. Then one friend of ours saw us and suggested that we start something. We didn’t take that very seriously back then. At some point, we were able to work for a couple of months in the US. We caught the entrepreneurship bug. We got home and we started Tremend. That was 2005.

Sramana Mitra: What was the idea with which you decided to come together to start this company?

Marius Hanganu: We really loved what we were doing. We thought about being able to provide higher-quality. We wanted to make a difference. We worked in larger teams. We had seen the dynamics. We felt we could do better and faster.

Our discussion continues here.

This segment is a part in the series : Best of Bootstrapping


. Bootstrapping to an Exit
. Why is Bootstrapping Important?
. How Can You Play this Low-Probability Game Intelligently?
. Do NOT Go to VCs as Beggars - Go as Kings
. Excess is NOT Required for Success
. Bootstrap First and Raise Money Later
. Some Bootstrapping to Exit Case Studies
. The Buy Side of Bootstrapping to an Exit
. Blitzscaling vs. Bootstrapping
. Bootstrapping to Unicorns
. Cinedigm Acquires Bootstrapped 1Mby1M Company Future Today for $60 Million
. Mailchimp Bootstraps to $600M Revenue
. Bootstrapping from Arizona to $10 Million
. Bootstrapped Basecamp Executes a No Nonsense Strategy
. How Under30Experiences Bootstrapped to $5 Million
. Bootstrapping with a Paycheck
. How Algo.ai CEO Amjad Hussain Bootstrapped using Services from Michigan
. Seed Investors Who Like Bootstrapped Businesses
. How iHeartRaves CEO Bootstrapped a Niche e-Commerce Company to $20 Million
. Bootstrapping with Services
. How The Intern Group CEO David Lloyd Bootstrapped to $13 Million
. How Passageways CEO Paroon Chadha Bootstrapped from Indiana
. How SmartBuyGlasses CEO David Menning Bootstrapped to $50 Million
. Death by Overfunding
. How RainmakerForce CEO Mack Sundaram Bootstrapped Decisively to $5 Million+
. How FormAssembly CEO Bootstrapped a Virtual Company with a Paycheck
. TimeSlips CEO Mitch Russo Bootstrapped to Exit with Sage
. The VC-Entrepreneur Compensation Disbalance
. BioConnect CEO Bootstraps with Sophisticated Strategic Maneuvering
. Tremend CEO Marius Hanganu Bootstraps from Romania
. Gesture CEO Jim Alvarez Bootstraps to $10 Million
. SproutLoud CEO Bootstraps to $30 Million from Florida
. Tuft & Needle CEO Bootstraps to Over $100 Million
. Co-founders Bootstrap Linguamatics to Over $10M from the UK
. Ownership Matters
. Vainu Co-founder Mikko Honkanen Bootstraps from Finland
. Entrepreneur Couple Bootstraps to $10M from Colorado
. Power2Motivate CEO Bootstraps to $80M from Canada
. Financial DNA CEO Bootstraps to $10M+ from Australia
. Big Barker CEO Bootstraps a Niche E-commerce Brand
. PrecisionLender CEO Bootstraps to Over $10M from North Carolina
. Master Bootstrappers with Over $1B in Exits
. Ultra Mobile Founder Bootstraps to Over $100 Million
. Bootstrapping a Two-Sided Marketplace to $10M
. Can You Bootstrap a Virtual Company to Over $5 Million?
. Capital Efficient Entrepreneurs Turn $1M into $80M
. Discussing the Journey Through Failure to Success
. From a Small Town to $12 Million
. Bootstrapping to Y Combinator and $10 Million Series A
. Bootstrapping a Marketplace to Over $10 Million

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