Posted on Friday, Dec 10th 2021
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
In our effort to bring you stories from the global startup ecosystem, here we introduce you to Mikko Valimaki, Co-founder of Tuxera, and his wonderful success story from Finland.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of circumstances? Mikko Valimaki: I’m a 39-year-old guy from Finland. I did my schooling in Finland. I did, however, study in Berkeley in the United States and was exposed to the American culture. I’ve never worked for any big company. I always started my own stuff. I had already developed my own computer games back in the 1990s while at high school. I tried to sell those.
After university, I tried to found my own company. I tried several things. We had one database startup back in 2001. The product is still selling but that broke up perhaps because of personal issues with the other founders. That was one of my first success stories. There were some other companies as well. In 2008 finally, I got in touch with a Hungarian software engineer who was working at a local IT security company, which was one of the leaders in antivirus software. He had moved to Finland around 2000. At that time, he was working in open source. Then he quit in 2006 and went to work for Ericsson that that had big local offices here. He was able to continue his open source project.
He called me in 2008. I was known for knowing something about open source. I was, for example, consulting this local company called MySQL. He called me and we met. We talked about an opportunity to start a new company around filesystems. We started to build a company on top of an open source project.
Sramana Mitra: What specifically was the problem with open source filesystems that you identified? Mikko Valimaki: There’s a lot of filesystems out there. There are these things that read and write all your files. Every computer has a filesystem and most of them are free. There are specific cases with specific filesystems. In this case, the main thing was the interoperability. At that point in 2008, Windows was still everywhere and people didn’t have that many mobile phones. These days, everything is about phones and tablets. Mac was coming up. There was Linux but Linux wasn’t that popular.
The challenge was that Linux was becoming popular in various devices. Linux basically couldn’t read and write to Windows format. That was one of the big bottlenecks for Linux to become really popular. That was a successful attempt to make a reliable filesystem on Linux that is able to read and write in Windows format. We found that there’s a lot of need for this kind of filesystems in different applications from corporate data centres down to embedded devices.
The guys who manufacture devices need this kind of filesystem so that the devices can interoperate in an environment where you have all kinds of computers. Let’s say you have your mobile phone that you want to plug into your phone, this phone has to be able to read and write in a Windows format. Then we had to build a company on top of this. That was the real work.
Our conversation 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 More »» . 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 . 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