Sramana Mitra: I completely agree with you. Daniel Scandian: The priority is to be profitable and grow. If I don’t reach profitability, it can be very difficult. The company has to remain profitable. We are 230 people right now. We need to add another 200 people in the next two years. Sramana Mitra: What happened to
Sramana Mitra: Do you need to a raise more money or are you planning to now keep growing organically? Daniel Scandian: Now, we are breaking even. Last year, we achieved $65 million in revenue and we plan to reach around $150 million in 2017. We are cash flow positive now. Just now, we are building
Daniel Scandian: We realized that that process was the same that should work in Brazil. Of course, the software was a little bit different, but the workflow was quite the same. We were lucky for them to open to us. We went to Brazil and started building a software. The Brazilian market is much more
Sramana Mitra: You were almost like a solo entrepreneur with your brother helping you out. Daniel Scandian: Yes. My brother took care of the company while I looked for investors. Then I had to talk to some investors in Brazil. In 10 months, I had a very nice investor from Brazil and from Argentina. I
Sramana Mitra: You were targeting this business to customers in North America or in Latin America? Daniel Scandian: Only in Brazil. Sramana Mitra: Was it Google AdWords that helped you recruit the customers? What was working in terms of marketing? Daniel Scandian: It was 100% Google AdWords in the beginning. I had this agency that
Daniel had fully validated his business to significant revenue before going to investors. The result is spectacular! Read on… Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Daniel Scandian: I’m from Rio de Janeiro. I started my