If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Peter Gassner is a self-described late bloomer. In a wonderfully authentic interview, Peter describes here how he turned his middle-age crisis into a multi-billion dollar market cap company. Veeva, in 2016, will do well over $500 million in revenue and trades at a market cap of
Sramana Mitra: I have three questions as you were relating that portion of the story. It sounds like this is an experimental period. Were you financing this period yourself? Yaron Galai: Yes. I did finance our early days. I also had a couple of our investors at Quigo. Sramana Mitra: The second question is the people
Sramana Mitra: Now we’re talking 2015 and you’re trying to recover from this fiasco. Kean Graham: This was the beginning of 2014. Sramana Mitra: You did this $2 million in 2013 and early 2014, you had this fiasco. That revenue was basically being forfeited. Kean Graham: Yes, all revoked. Sramana Mitra: What was the recourse?
Sramana Mitra: It’s a very interesting angle to entrepreneurship that you shared. Colin Campbell: I have a unique perspective in that I’ve done company after company. I’ve worked at a larger company. The interesting thing is you begin to see patterns emerge. This is where I’ve been able to learn a bit of a formula
Sramana Mitra: You sold at the right time because after the iPhone and mobile advertising, the whole ad rate world just collapsed. Yaron Galai: Generally, it did. We sold at a very pretty good time. I do know that just by talking to a friend from AOL that they kept running Quigo as an independent
Sramana Mitra: Talk a little bit about what was in the product that drove that much increase. What did you do in the product that allowed you to go to that level of scaling? Kean Graham: Because the product is intrinsically scalable and because we were leveraging Google’s technology, we were able to take all
Sramana Mitra: Given that was your observation and that was you interest, how did that manifest in the next startup? Yaron Galai: In 2000, I started a company called Quigo. It was a mix of similar ideas that my co-founder and I had started working on independently. We merged it as one company. The idea
Sramana Mitra: You don’t sell directly. You sell through other domain name sellers like GoDaddy? Colin Campbell: That is correct. We’ve gone to all the GoDaddy’s around the world. The largest company in China is Alibaba. They’re the ones with the largest distribution for domain names and websites. We sell through Alibaba in China as