Tomas Gorny: We never went bankrupt. We paid off all the creditors. We filed what is called ABC – assignment for the benefit of creditors. After we filed that, we dissolved the company. In 2001, I was left with no money and was in pretty much the same situation when I came to America. Sramana
Sramana: What did you do next? Mohammed Farooq: I decided to move back to Texas. My friends from the State of Texas Governor’s Office had called me back. They wanted to transform Texas technology due to health laws, so I took over as the CTO of Health and Human Services. I drove state wide transformations
Tomas Gorny: As a result, while I was building my tech business in the web hosting industry, I was doing whatever it takes – valet car parking, carpet cleaning – to survive. For two years, I lived on $3 a day in terms of food allowance. I even remember days when I didn’t have any
Sramana: What was your next career step after your successful project for the State of Texas? Mohammed Farooq: In 1999, a guy called Manoj Saxena started a company in Austin and I became his first employee. I joined them on a journey of entrepreneurship. When I was working for the State of Texas in the
Tomas Gorny: When I was living in Germany, I was 17 years old and had learned the language. I decided that the PC industry is growing, so I started a PC distribution company. We were buying different PC components from vendors, assembling them to computers, and then selling them to businesses and individuals. What I started
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. We continue to see exciting enterprise software companies being built by entrepreneurs who have roots in the consulting business and who have taken their domain knowledge and customer insights to develop compelling products to solve specific problems. Gravitant is yet another case in point. Sramana: Mohammed,
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. I see so many people making excuses for why they are not successful – discrimination, fate, luck, all external factors. Read Tomas Gorny’s story. I hope it will give you some perspective and some attitude adjustment that hopefully propels success. Sramana Mitra: Let’s start with
Sramana: How well has the company grown? Michael Seifert: We have roughly 10% of the global market share. Sramana: How does the market share split up? Who is number 1? Michael Seifert: There are many vendors in our market. I usually describe this as an oasis battlefield out there. The group at the top is