Sramana Mitra: What happens after Sony? Jason Wells: That leads me to where we are today – Convirza and a few other company names in between that process. My brother-in-law Jeremiah Wilson started a company back in 2001 called Contact Point. He was the typical entrepreneur. He just went ahead and did it. He started a professional services
Sramana Mitra: You said you started the company while you were still running the other one in 2001. Alon Aginsky: I finished all my responsibilities in the call accounting company in 2001. After the bubble burst, I started the cVidya journey. That was a different startup. We bootstrapped it in the beginning. We completed our institutional
Sramana Mitra: I imagine, given what you’re doing right now, you’re already substantially profitable. Josh Levy: We run a profitable business. We try to invest every dollar back whether it’s additional hires, marketing, or content licensing. We still see so much opportunities in data and where the broader space can go. Sramana Mitra: That’s actually an interesting
Sramana Mitra: You left in 2005? Jason Wells: Yes, I left in 2005. I was tapped by a recruiter from Sony Pictures. Sony Pictures wanted to start and build a mobile content business around the world. They’ve got every movie asset. They have licensing rights for games and content. We had a 60-person development team to create creating mobile
Sramana Mitra: Other than the $400,000 that you got from the first investor, did you raise more money subsequently? Alon Aginsky: No. Sramana Mitra: You basically customer-financed the company, right? Alon Aginsky: Yes, it was completely bootstrapped. Sramana Mitra: So you finished college and then went to work for this company full-time. Alon Aginsky: Yes.
Sramana Mitra: Besides the $600,000 and the $200,000 that you raised, did you raise more money? Josh Levy: We did. We did a Series B with another high net worth extended friends and family group for around $1.3 million in 2012. Sramana Mitra: So you’ve raised over $2 million to build the business. Josh Levy:
Sramana Mitra: What happens in 2000? Jason Wells: I had spent a lot of time internationally while at A.T. Kearney. In January of 2000, I left A.T. Kearney to start my first entrepreneurial venture. The company was called Globient. This was at the peak of the dot-com era. There were many companies that were in mezzanine
Alon Aginsky: Hotels made a lot of money from 800 number calls and calls made locally from the rooms. That was the second most important income for hotels, hospitals, and universities. I wondered if there’s something that I can do in New York. I grabbed a few of those cards with me and took a plane to