Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its first quarter results. While the past quarter was a mixed report card, its significantly weak outlook sent its stock falling. In the after-hours trading session, the company lost $13 billion of its valuation.
>>>The Jobs Act has introduced the notion of democratization in investing. The issue is not as simple as it sounds. There are lots of gaps in doing this safely.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as to the company.
>>>Sramana Mitra: Your customers are all developers?
Julien Salinas: Less and less, but still most of them.
Sramana Mitra: Is there a specific genre of developers? Are they developing a particular platform?
Julien Salinas: Initially, it was mainly machine learning engineers that use Python. All the machine learning engineers are Python developers. They taught me a lot of things. Then gradually, I started moving to a more global developer market. Today, I have developers who are developing on any platform and language.
>>>If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
Some of us have worked relentlessly for decades to bring about the change in India from a largely services-driven technology industry to one that today produces credible products sold all over the world.
Ameyo is one of the early examples of this shift, and Co-founder CEO Sachin Bhatia is an early visionary in this journey. Ameyo was acquired by Exotel earlier this year.
Sachin is also a long-term reader of this blog. It is always a great pleasure for me to do the Entrepreneur Journeys of my long time readers who have benefited from these stories and the invaluable lessons shared by so many entrepreneurs since 2006. This is our conversation from December 2020.
Sramana Mitra: Let’s go to the beginning of your journey. Where are you from? Where were you born and raised? What kind of background did you have?
Sachin Bhatia: I was born in New Delhi, India. I graduated from IIT. I’m a computer science graduate. I did my Bachelors in Computer Science in 2001. I have my whole family in India. My father was in the manufacturing business. In our college days, we thought that India should make some more products. That is how the journey started. I started this with a couple of my batchmates at IIT.
San Mateo-based Freshworks (Nasdaq: FRSH) is focusing on deploying AI capabilities across all its offerings. It recently reported its quarterly results that outpaced market expectations. The overall economic conditions resulted in a weaker outlook.
>>>Numerous developers around the world are turning into successful entrepreneurs. Julien provides a textbook case study of a brilliant journey that is a highly repeatable blueprint to follow.
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?
>>>Sateesh Seetharamiah: I’ll give you an example. Today, 80% of data is hidden in documents in enterprises and is very inaccessible. Why don’t we apply AI to solve this problem? Let’s build a horizontal platform – a domain-agnostic platform – to extract information. While the platform can do it, as soon as you start throwing it to a customer, they say, “What do I do with it?” It’s a very natural question.
We went through an exercise of saying, “What are the areas that we can pick?” This is a problem that’s faced by many entrepreneurs. We don’t have domain capabilities. We are technologists. We build horizontal platforms. How do I bridge that gap? We decided to engage with a customer.
>>>According to a recent report, the Unified Communications as a Service (UCaaS) market is estimated to grow 10% CAGR to reach $44.7 billion by 2030 from $20.4 billion in 2022. Communications PaaS player Twilio (NYSE: TWLO) recently announced its third quarter results that surpassed market expectations. But a weaker outlook has sent the stock tumbling.
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