According to a recent report, the global identity access management market is expected to grow at 12.6% CAGR from 2023 to 2030. The market was estimated at $15.93 billion in 2022. Corporate identity management software company Okta (NASDAQ: OKTA) recently reported its fourth quarter results that continued to outpace market expectations.
>>>Sramana Mitra: How many consumers do you have currently?
KunHee Park: Five million. If I counted paid subscription, we have over one million.
Sramana Mitra: What’s the monthly subscription fee?
KunHee Park: $6.99.
Sramana Mitra: Do you have a sense of who is paying to subscribe to this? Is it mostly Korean speaking people?
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Today’s 603rd FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, March 30, at 8 a.m. PDT / 11 a.m. EDT / 5 p.m. CEST / 8:30 p.m. India IST. CLICK HERE join. PASSWORD: startup All are welcome!
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Co-founders Mary Oemig and her husband, Eric, have been scrappy bootstrappers through a decade-long journey building Boom Cards and Boom Learning. Awesome story!
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 background?
Mary Oemig: I am the child of a blue-collar carpenter and a public school teacher who did, primarily, substituting. But my parents come from a long line of entrepreneurs. My grandfather on both sides of the family-owned their own businesses. My mom now runs the bar that she inherited on her side of the family. My dad founded his own construction company when I was young. I grew up in a world where entrepreneurship was normal even though it was in a small community in Idaho.
Sramana Mitra: You became the CEO of Kocowa?
KunHee Park: No, CTO in the beginning. My original plan was to stay in the States for a year. After one year, they asked me to be the CEO. That was in 2018. Our seed money was very tiny. Seed money was just $15 million.
Sramana Mitra: That’s not tiny.
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