If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Jason has done three bootstrapped startups, sold two of those, and then bootstrapped a fourth one to heavy duty venture financing. This is a great interview with a pro who knows what he is doing at many levels. Sramana Mitra: Let’s start at the very beginning
Sramana Mitra: How long did it take you to hit the $1 million mark? Shane Evans: I think we would have come just under it in 2013. In 2014, we would have been $2 million. Sramana Mitra: In 2013, you were at $1 million revenue. At that point, what was the distribution between professional services
Sramana Mitra: I know quite a bit about that kind of work because I did a lead generation software company earlier in my career that required lots of scraping and cleaning. It’s quite complicated and it’s very domain-specific. I am very aware of how very complicated this is. Did you launch this with any financing
Sramana Mitra: What’s the next move? Shane Evans: Let me give a background about what happened at Mydeco so the next move will make a lot more sense. As part of the platform we were trying to build, there was a big e-commerce part. Part of that e-commerce component was we needed some data from
Sramana Mitra: What happens next in the story? Shane Evans: I was quite enjoying my time there. It turned into more of a big company. Once again, I found myself yearning for something that was a little bit different. I think it was late 2004 when I quit. During my time there, I had focused on
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Shane has built a 140-people virtual team-based business from Ireland. Very interesting view into a different part of the world. 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?
Sramana Mitra: What else is interesting and what’s worth highlighting in your entrepreneurial journey from a lessons from the trenches point of view? Kris Duggan: There are probably a million directions we could go. One thing I would say as being very important is to be very focused as a company. I think we decided
Sramana Mitra: It sounds like at this point, you have decided on the positioning and the target market. You started generating revenue. You hit the million dollar mark. What’s the next major inflection point? Mikko Valimaki: One important point in the early days was, we were also talking with venture capital. When we got the