Sramana Mitra: You were kind of an applications engineer? John Wallace: It was a great opportunity. Sramana Mitra: That brings us to 2003? John Wallace: Yes. In 2003, I started a firm doing analytic consulting. I thought that I would be more impartial to what software we use to solve a problem and be more focused on
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. We maintain that one of the best ways to identify complex problems worth solving inside enterprises is by offering services to them, thereby gaining exposure to the domain. Datasong is yet another case in point. Related reading: Bootstrapping Using Services. Sramana Mitra: Let’s start at the
Over 99% of entrepreneurs who seek financing get rejected. The seed capital gap leaves many entrepreneurs struggling to get their businesses off the ground. Bootstrapping, a tried and true method to self-fund a business, is a must to bridge this gap in seed funding. And offering a service is one of the best ways to
Because it’s often so difficult for entrepreneurs to obtain seed funding for their startups, bootstrapping is one of the best methods to self-fund their projects. And offering a service is one of the best ways to go. This, by the way, remains a controversial point of view, and most industry observers will take the position
I know I have a lot of readers from the EDA industry. Once a hotbed of innovation, entrepreneurship, and wealth creation, it is an industry that is now moribund. VCs and angel investors have all but abandoned the industry, and those private companies that exist find it difficult to create lucrative exits, a phenomenon that