Cliff Johnson: After law school, I ended up working at a tax firm in Colorado and gained a lot of experience there. I worked with a lot of small businesses and mid-sized businesses, which was very invigorating for me. I was interested in tax law but I was always more interested in their business story
Sramana Mitra: What did you start with? Were you bootstrapping the company? Sunny Singh: Yes, I took about 18 to 20 credit cards. That was seed money for Edifecs. I had no concept of VCs. I was not business savvy. That was how Edifecs got started. I’ve never run a business before. Sramana Mitra: How
Sramana Mitra: $3 million was raised from whom? Jason Wells: They are a private investment group out of New York. They’re not a traditional venture capital firm. They’re more of a Warren Buffet type of an organization, which makes about one or two investments a year in public companies. They didn’t have a portfolio for
Vacasa has bootstrapped to scale in the crowded vacation rental space. Read how! Sramana Mitra: Let’s start with the very beginning of your journey. Where were you born, raised, and in what kind of background? Cliff Johnson: I actually have a fairly unique background, at least for the US anyway. I was born in New
Sramana Mitra: What year does that bring us up to when you finished your Microsoft gig? Sunny Singh: 1996. Sramana Mitra: The Internet is now in full swing and you wanted to be an entrepreneur. Within that year that you worked at Microsoft, you figured out what it was that you were going to do
Sramana Mitra: What were the levers for scaling this? What strategy did you take to scale this business? Jason Wells: Strategy number one was to change the business from a professional services business into a software business. There was some back-end technology and some software that was built to help them do these things, but the
Sramana Mitra: I think your point is also that there are different kinds of employees. There are certain people who are startup type of employees. Alon Aginsky: Right. You have to be very precise about the people you hire. Most of the people that are in cVidya are veterans. Those are the people who join you for
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Sunny has built a very interesting healthcare IT company, overcoming serious challenges. Inspiring story of a bootstrapped success. 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? Sunny Singh: