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- The Accelerator Conundrum
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- The Future: End of Capitalism
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Bootstrapping to $18 Million: Vlad Friedman, CEO of Edge Hosting (Part 5)
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
Bootstrapping to $18 Million: Vlad Friedman, CEO of Edge Hosting (Part 4)
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,
Bootstrapping to $18 Million: Vlad Friedman, CEO of Edge Hosting (Part 3)
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
Bootstrapping to $18 Million: Vlad Friedman, CEO of Edge Hosting (Part 2)
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
Bootstrapping to $18 Million: Vlad Friedman, CEO of Edge Hosting (Part 1)
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
Multiple Pivots, Taking on Giants, to Over $100 Million in Revenue: Matthew Calkins, CEO of Appian (Part 7)
Sramana Mitra: The competitors who went away, were you winning their customers? Matthew Calkins: We were winning the deals that they attempted to compete in. Sramana Mitra: But people were not switching necessarily. Matthew Calkins: By and large, whoever has done that installation doesn’t want to do it again. They’re going to hang on to
Multiple Pivots, Taking on Giants, to Over $100 Million in Revenue: Matthew Calkins, CEO of Appian (Part 6)
Sramana Mitra: Interesting. So you closed the $10 million round before the financial crisis on a questionable business plan. What happens next? Matthew Calkins: It’s an odd journey. Now we have $10 million and we could be strategic. That felt very nice because there was so much we wanted to do. We’ve always been an
Multiple Pivots, Taking on Giants, to Over $100 Million in Revenue: Matthew Calkins, CEO of Appian (Part 5)
Sramana Mitra: How many enterprise customers were you able to get in 2004? How were revenues scaling? Matthew Calkins: I think we were growing at about 20% to 30% in those years. Our customer gain was never what we wanted but still steady and lucrative. In fact, we didn’t have a growth problem until 2008