Bootstrapping in Pennsylvania: OnSIP CEO Mike Oeth (Part 5)

Sramana Mitra: Let me understand the open source strategy a little bit better. You offer a portion of your technology as open source, right? Mike Oeth: Correct. Sramana Mitra: It’s a freemium open source model. You have other functionalities and features. It’s a classical commercial open source model. Mike Oeth: Right. On top of that,

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Roundtable Recap: January 29 – Billion Dollar Unicorns With Vineet Jain, CEO of Egnyte

During today’s roundtable, we celebrated the launch of my new book, Billion Dollar Unicorns, with Vineet Jain, founder and CEO of Egnyte, a potential Unicorn company in the same space as the much-hyped Box – Cloud Storage and File Sharing. In this discussion, we did a deep-dive on the space and how it is likely

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246th Roundtable For Entrepreneurs Starting NOW, Live Tweeting By @1Mby1M

Today’s 246th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, January 29, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join.

Bootstrapping in Pennsylvania: OnSIP CEO Mike Oeth (Part 4)

Sramana Mitra: Interesting! What about financing? Did you, at any point, raise external financing? Mike Oeth: We did not. We have stayed completely self-funded. We see ourselves as a software company and we’re lucky enough to have software margins. We’ve been cash flow positive since 6 to 12 months of starting. Rob does the marketing and

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Bootstrapping in Pennsylvania: OnSIP CEO Mike Oeth (Part 3)

Sramana Mitra: This went live in 2004? Mike Oeth: The company went live in 2004. The OnSIP Hosted PBX was October 2006. It was actually nice not being funded by VCs. We had the flexibility to change our business plan and go out and see what was working and what wasn’t. The SIP Trunking was

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Bootstrapping in Pennsylvania: OnSIP CEO Mike Oeth (Part 2)

Sramana Mitra: What year does that bring us up to? Mike Oeth: 2002. Sramana Mitra: Where were you located? Still in Connecticut or had you moved out by now? Mike Oeth: At that point, I had moved down to Yardley, Pennsylvania. RCN is based in Princeton, New Jersey; so for a while, I was commuting

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Bootstrapping in Pennsylvania: OnSIP CEO Mike Oeth (Part 1)

The theme of entrepreneurs building robust companies without outside capital continues in the story of OnSIP. Sramana Mitra: Let’s start at the beginning of your personal story. Where were you born, raised, and in what kind of circumstances? Mike Oeth: I was born in the MidWest, specifically in Speedway, Indiana. It’s the home of Indianapolis

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245th Roundtable Recording On Jan. 22, 2015: With Warren Weiss, Foundation Capital

In case you missed it, you can listen to the recording of this roundtable here: 245th 1Mby1M Roundtable with Warren Weiss, Foundation Capital