Sramana Mitra: Let’s anchor this on some dates. What year were you noodling with this idea? Mike Carter: I graduated from college in 1992. I immediately went to work for this tech startup called The Computer Group. That company was acquired in 1996 by IKON Office Solutions. It’s part of the overall document workflow type
Sramana: In 1998, we were in the height of the dot com boom. I am sure it was a bit different in Toronto, but how much of that market momentum did you feel? Kevin North: We felt it a lot. It was a big thing because within 18 months of me joining Dyadem, my group
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Continuing our coverage of entrepreneurship far away from Silicon Valley, we bring you a conversation with Mike Carter, CEO of eGroup in Charleston, South Carolina. Typically, these environments have bred bootstrapped companies, and bootstrapping using services continues to be a popular method. Of late, incubators and
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. We cover Big Data at length, both on Thought Leaders in Big Data and Entrepreneur Journeys. This story relates the tale of robust execution on a very insightful concept, delivering a real-time Big Data solution to merchants transacting on marketplaces like eBay. Sramana: Kevin, let’s start
Sramana Mitra: How many people do you have? OJ Whatley: We currently have 20 employees. Sramana Mitra: That’s very good – 20 employees, $20 million in revenue. OJ Whatley: Half of those are sales associates. Sramana Mitra: That is my next question. What is the composition? Half are sales associates, what is the other half
Sramana: Who led your latest round of funding? That is a substantial amount of money to bring onboard. Rob Hull: We had participation from Norwest Venture Partners, Bessemer Venture Partners, as well as participation from others such as Salesforce.com and even ex-CFOs who found this to be a compelling platform like Jeff Epstein who used
Sramana Mitra: Regardless, in 2008 you were generating business at your own site. Talk to me specifically about your own site – developing your own site, business on your own site, the traffic. How much business do you do today on your own site? OJ Whatley: Back then, as it is today, it’s primarily keyword-driven.
Sramana: One of the things I like is that the type of software you are selling has a lot of exit barriers. Rob Hull: The important things to take away as an entrepreneur is that our product is sticky. Our software becomes an integral part of a business’s ongoing monthly process. We are a part