Bootstrapping to $80 Million from Canada: Rob Purdy, CEO of Power2Motivate (Part 6)

Rob Purdy: It is. It has worked very well. It has been a good ride for all the shareholders who came in at that time because they’ve been receiving dividends for the last three and a half years. The valuation of the business has grown significantly in six years. Sramana Mitra: These are people that

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Bootstrapping to $80 Million from Canada: Rob Purdy, CEO of Power2Motivate (Part 5)

Sramana Mitra: Can you bring these inflection points together for us and help us understand how this impacted revenue? Rob Purdy: When we signed the contract, the company business was, in aggregate, about $5 million. We doubled our business in the next couple of years. We grew the business to around $10 million. By 2010,

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Bootstrapping to $80 Million from Canada: Rob Purdy, CEO of Power2Motivate (Part 4)

Sramana Mitra: What happened in 2008? Rob Purdy: There was a turning point in 2007. We went to our first ever trade show and unveiled the product in April. At that show, we had more international people asking about the product. There were a lot of companies that wanted to resell the product in their

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Bootstrapping to $80 Million from Canada: Rob Purdy, CEO of Power2Motivate (Part 3)

Sramana Mitra: How long did it take you to get a first version of this product out? Rob Purdy: We started development for the Power2Motivate platform in late 2005. It took all of 2006 to complete the first phase. Phase one was the employee engagement component. That was enough to allow us to take that

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Roundtable Recap: July 6 – Wisdom on Building a Mid-Market Facing Cyber Security Business

During this week’s roundtable, we had as our guest J. Paul Haynes, CEO at eSentire, who shared his company’s journey in building a mid-market Cyber Security company from Canada. He also gave us an overview of the Toronto-Waterloo corridor and its startup activities. Then we went to the pitches. Toep Up first, Chandra Arora from

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Bootstrapping to $80 Million from Canada: Rob Purdy, CEO of Power2Motivate (Part 2)

Sramana Mitra: In 1989, you launched this company. What happened between 1989 and 2006? Did the business succeed? Were you able to get clients? What scale were you operating at? Rob Purdy: The business did okay. Unless marketing services companies have a very solid unique point of difference, it’s really challenging to continually grow the

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360th Roundtable For Entrepreneurs Starting NOW: Live Tweeting By @1Mby1M

Today’s 360th FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, July 6, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!

360th Roundtable For Entrepreneurs Starting In 30 Minutes: Live Tweeting By @1Mby1M

Today’s 360th FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, July 6, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!