Sramana Mitra: In 2008, Concur was already public and quite a successful company. What did you think of the opportunity? Let’s get a bit granular because we do cover Concur very extensively. Recently, we did a story on Expensify as well. The expense reporting space has shown up on our blog from many different angles. So
This discussion contains an extensive review of film recommendation systems that would be extremely interesting for folks engaged in building Web 3.0 systems. All in all, the story is quite fascinating! Sramana: Tobias, let’s start with the beginning of your personal story. Where are you from? What is the background that gave roots to your
Sramana Mitra: Your number one competitor is Oracle, based on what I just heard, because Oracle is moving all their stuff to the cloud. It’s reasonable to expect that you’re going to have Oracle as a major competitor because Oracle has a big emphasis over on-cloud technology. Ric Leutwyler: Of course. There are a number of others
Chris and his co-founder bootstrapped Tallie to a high growth Inc. 500 company in four years. After that, the product had to be re-architected, and slowed down for a couple of years, before picking up again. Read how they have competed in a crowded marketplace and built a robust position. Sramana Mitra: Let’s start at
Sramana: In the United States we are used to seeing VCs build a company in a 5 to 7 year window. You have had VCs for substantially longer than that timeframe. How do European VCs look at the time windows? Paulo Rosado: We have so many strong relationships with gross equity VCs that at this
Sramana Mitra: Does the team at SkyTouch have ownership? Are there options? Ric Leutwyler: The compensation is a mixed bag. There is some level of ownership but there isn’t anything to own yet of SkyTouch because there isn’t a separate entity to have valuation in. Our plans to create that kind of equity opportunity for
Sramana: When you tried to sell the platform, what were the top use cases against which you were closing deals? Paulo Rosado: Portals, dashboards, and mobile apps. Those were our primary use cases. We found that those had to be integrated together and 60% of them had to have mobile interfaces. Sramana: Is there a
Ric Leutwyler: That was about the time when Choice Hotels contacted me and said they wanted someone to come in who has experience in hospitality and technology and also has entrepreneurial interest. They thought I may be a fit for that and I remember walking out and texting my wife that this was a dream job. This is