Sramana Mitra: When you started to get this thing off the ground, anecdotally and structurally, what were the next steps? Andrew Rubin: PJ and I probably first had to figure out whether or not we like each other enough to spend more time together. I know that sounds silly now in hindsight, but when you
Sramana Mitra: How has your revenue ramped from the 2007 time frame to 2015? Where are you now? Chris Grandi: We’re growing over 50% per year. In year one, we started our revenue with less than a million dollars. You grow a 100% when your revenue is smaller. Our revenue is significantly bigger now but we’re
Sramana Mitra: What did you do in the Valley? Andrew Rubin: In every sense of the word, people talk about luck, timing, and fate being not everything, but an important part of the story. Sramana Mitra: It’s a very big thing. Andrew Rubin: It’s an incredibly important part of the story in my case. While
Sramana Mitra: You seem to be enjoying the process of starting something, figuring a niche, and getting it to a certain amount of revenue. The first one you scaled to $50 million in revenue, which was a substantial amount of revenue. It sounds like you like to figure it out and then sell the company. Is
Sramana Mitra: What is it about the hedge fund space in terms of work flows or virtualization? What specifically is different in that space versus other verticals? Chris Grandi: There are really two things that make the hedge fund space different. One is the level of service. Because of what hedge fund managers do and
Sramana Mitra: What year does this bring us up to? Andrew Rubin: It was in 1998 that I graduated from university. Sramana Mitra: How long did you work in the first job? Andrew Rubin: I stayed in my first job for under five years. Sramana Mitra: This brings us to about 2003 then? Andrew Rubin:
Sramana Mitra: How much did you sell it for? Todd Dunlop: Unfortunately, I can’t disclose that. Sramana Mitra: You’ve made a substantial amount of money in that exit so that whatever you then chose to do next, you had capital available? Todd Dunlop: That’s correct. Sramana Mitra: What was the next venture? Todd Dunlop: From
Sramana Mitra: What was going to be the new company? What did you find that warrants doing another company? Chris Grandi: This is one thing that I always tell the entrepreneurs I speak to. You always hear about entrepreneurs who start a company when they’re super young and don’t have a lot of experience, and