Sramana Mitra: How many people did you need to make this equation work? Fred Hsu: We had a peak of about 225 employees across three or four locations. Sramana Mitra: What function required a lot of people? At some level, it sounds like if you’re doing all this by technology, it’s not probably that people-intensive
Today’s 262nd FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, June 4, at 8:00 a.m. PST/11:00 a.m. EST/8:30 p.m. India IST. Click here to join.
Sramana Mitra: Did you bootstrap it all the way? Fred Hsu: If I were to relay anything and I could teach people, we raised money when we least needed it. We raised $150 million for Series A. Sramana Mitra: $150 million?! Fred Hsu: Yes. Sramana Mitra: What were your metrics in the business that you
Sramana Mitra: Is this the company that you’re running now? Fred Hsu: No, that company was actually called Oversee. It had started around 2000. It was completely bootstrapped. Our first investor was my mom. She helped us buy our first server. That company grew from zero to eventually $230 million in annual revenues from 2000 to
If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page. Fred has bootstrapped two companies with huge amounts of revenue. The first, he sold to a private equity firm. The second, he is still running. Amazing story! Sramana Mitra: Let’s get started at the beginning of your personal story. Where
Entrepreneurs are invited to the 262nd FREE online 1M/1M roundtable mentoring session on Thursday, June 4, 2015, at 8 a.m. PST/11 a.m. EST/8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any
During this week’s roundtable, we started off with a discussion about the Funny Money Unicorn Business and what entrepreneurs need to be careful about when contemplating financing and navigating the current highly irrational market environment. MDbN As for the pitches, first up, Stewart Lowinger from Palm Springs, California, pitched Crescendo MDbN (Music Database Network). MDbN
In case you missed it, you can listen to the recording here: