This report from Gartner projects worldwide IT spending to grow 4% to $3.8 trillion in 2021 from $3.6 trillion in 2020, down 5.4% from 2019. For this week’s posts, click on the paragraph links.
Sramana Mitra: What revenue level are you operating at now? Brian Robertson: Our revenue is over $20 million and growing at a range of 25% to 40% with our current platform. We are at the point of raising now and growing equity. I wanted to skip the traditional VC phase. I never saw a term
Sramana Mitra: How much of your old customer base from MedeFinance came into Visiquate? Brian Robertson: Not too many. Mede is still a friend of mine and I’m a shareholder, so we were in a situation that just sometimes happens. Sometimes you have certain relationships that follow you wherever you go. I only needed a
Sramana Mitra: Did you keep the 250 customers after generating another $10M on top of what you earned before? Tim Ericson: Exactly. Sramana Mitra: COVID hits. What happens next?
I love doing stories of entrepreneurs who are long-time readers of the 1Mby1M blog. Kovai CEO Saravana Kumar is one of them. This is a wonderful story of how he is scaling a SaaS company from Coimbatore! Sramana Mitra: Let’s start at the beginning of your journey. Where were you born and raised? What kind
Entrepreneurs are invited to the 510th FREE online 1Mby1M Mentoring Roundtable on Thursday, November 19, 2020, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your
Sramana Mitra: Let’s go back to 2009. Did you have clients from your previous business that you sold this concept to be able to sign on as your validation partners? How many were they? Brian Robertson: Yes, we had three or four cornerstone clients.
Sramana Mitra: What was the total amount of capital you had raised at this point when the market started becoming challenging? Tim Ericson: We’d raised about $16 million in total at that point. Sramana Mitra: You had a chunk of capital in hand when the problem started happening?