If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Chuck Bloomquist bootstrapped a security company using services all the way up to $16 million in revenue and then raised private equity capital to develop a platform product. Since we spoke in 2015, InteliSecure was acquired by Proofpoint. Sramana Mitra: Let’s start at the very beginning
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Chuck Bloomquist bootstrapped a security company using services all the way up to $16 million in revenue and then raised private equity capital to develop a platform product. Since we spoke in 2015, InteliSecure was acquired by Proofpoint. Sramana Mitra: Let’s start at the very beginning
Sramana Mitra: What is your plan going forward? You’re about $16 million. The market has appetite for what you bring to the table. Is it just basically doing more of the same thing? Is that an accurate summary of what your game plan is? Chuck Bloomquist: I definitely want to continue and expand in different
Sramana Mitra: I’m asking a very specific question. Maybe I should ask you a broader question. Is this still a services company or is this a product company now? Chuck Bloomquist: We are a services company. Products that we sell are developed by a variety of different organizations – Symantec, RSA, and Cisco. They have
Sramana Mitra: In that process, was there any other kind of segmentation? Were there any particular styles of CIOs or IT organizations that were resonating with you? Maybe a vertical or any kind and size of business? Chuck Bloomquist: Absolutely. There were certain verticals that were more responsive than others. The first one that we
Sramana Mitra: You’re talking about protecting critical assets essentially. Chuck Bloomquist: Yes, you can call it critical assets. Whether it’s IP or regulatory control data, to us, it didn’t really matter. Sramana Mitra: How did you determine what was categorized as critical assets? Chuck Bloomquist: It’s based on value to the organization. If your revenue
Sramana Mitra: When was this company founded? Chuck Bloomquist: In 2002. Sramana Mitra: When you started the company, what were the circumstances? Did you and your co-founder put a product together and start selling to customers? Were there customers first? Chuck Bloomquist: We really didn’t have a product. We just had a concept. We had
Chuck has bootstrapped a security company using services all the way up to $16 million in revenue and has recently raised private equity capital to develop a platform product. Sramana Mitra: Let’s start at the very beginning of your story. Where are you from? Where did you grow up? What kind of background leads up