Sramana Mitra: After you quit Mirvac, you started an ad agency? Jon Ellis: I didn’t intend to start an ad agency. I just intended to work as a marketing manager for other property developers. Very quickly, I realized that there weren’t a lot of experienced marketers. There was an opportunity to work for a number
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. You know I don’t buy into the men saying that there’s a bias against women entrepreneurs in the industry. Janet doesn’t either. Here’s an opportunity to learn from her success in building solid revenues, and a profitable business. Sramana Mitra: Let’s start at the very beginning
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Jon has side-stepped venture capital, and raised a significant funding from his customers. He hopes to take the company public in Australia once the company gets to about $50 million in revenue. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you
Sramana Mitra: If you can attract bank financing and can do things with bank financing, it’s hugely advantageous from an ownership point of view. Vlad Friedman: Exactly. Today, we’re at about $18 million run rate and on our way to hit $20 million this year. We’re still in the same position. We still have a strong
Vlad Friedman: Over the course of time, it was almost like there was an impasse where by the time the recession hit in early 2000, we had just reached our stride. We were sitting in a good place. We were starting to build these relationships with more and more customers. As the market bottomed out,
Sramana Mitra: What year did you come up with the insight? Vlad Friedman: It was in the mid-90s. I don’t remember the exact year. Sramana Mitra: You started to provide a hosting solution in the 1995 to 1996 time frame. What was the customer base that you went after with that? Vlad Friedman: Interestingly, the
Sramana Mitra: You basically would do whatever it is the client was asking you to do, I imagine, at the beginning. As time progressed, what became your core competency even in the mode of delivering consulting or solutions? Where did you find your sweet spot? Vlad Friedman: I had a couple of stages along my
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Vlad has built his business using only bank financing, and has aspirations of growing it to $50 million. Read how he has done it, including about on-dilutive financing mechanisms. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were