If you haven’t already, please study our free Bootstrapping Course and Investor Introductions page. In 2021, Oomnitza Co-founder CEO Arthur Lozinski spoke with me about an excellent pivot that is quite enlightening. Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and raised? What kind of background did you have?
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Oomnitza Co-founder CEO Arthur Lozinski talks about an excellent pivot that is quite enlightening. Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and raised? What kind of background did you have? Arthur Lozinski: Both my parents were
Oomnitza CEO Arthur Lozinski talks about an excellent pivot that is quite enlightening. Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and raised? What kind of background did you have? Arthur Lozinski: Both my parents were from the Soviet Union. I was born in the Soviet
Sramana Mitra: How much did you raise this year? Arthur Lozinski: We raised $12.5 million. Sramana Mitra: What metrics did you raise on? Arthur Lozinski: We believe that we have a massive market. We have tons of customers who agree. We are growing at a nice rate. We think that the market opportunity is growing.
Sramana Mitra: You said that this was a fast transactional sale that was solving a big problem. Can you succinctly summarize what the problem was that you were speaking to and successfully closing deals on? Arthur Lozinski: The way that the companies were thinking about this problem was like checking a box. You work in
Sramana Mitra: You have ten customers that you got rapidly. Where are we in the chronology? What year are we in now? Arthur Lozinski: 2014. Sramana Mitra: What kind of contract sizes was this from a financial point of view?
Sramana Mitra: Why did you go after this kind of problem set? Did you have any background in this? Arthur Lozinski: I spent a little time at SAP, but Trent and I decided that we wanted to build the greatest enterprise software company ever. This was in 2010. We were two guys in our early
Arthur talks about an excellent pivot that is quite enlightening. Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and raised? What kind of background did you have?