Sramana: Are you still a services company or have you developed a product now? Gaurav Khandelwal: We have 55 developers in Houston. We did develop products over the years. Only one product is still active among the products that we have produced in the past four years. Last year, we felt we had learned our
Sramana Mitra: This is a behavior that we see in people who are playing with their own money as opposed to other people’s money. It can be easier to be very cavalier and generous with spending other people’s money. When it comes to your own money, you’re a lot more careful. John Keagy: Not just
Sramana: When did you start hiring people? What year? Gaurav Khandelwal: I hired the first three in February of 2010. That year, we hired 22 people, all in Houston. Sramana: Where you at in terms of revenue in 2010? Gaurav Khandelwal: In 2009, we doubled our revenue from 2008, and in 2010, we tripled our
Sramana Mitra: GoGrid is 100% financed by you? John Keagy: That’s right. Sramana Mitra: Tell us more about how you go about building GoGrid. What can people learn from your journey of building the company assuming that we’re taking the issue of financing off the table in this particular case because you have not raised
Sramana Mitra: What you have today is a product and a business model that is just starting to come into the market? This business model is not generating $5 million in revenue? Benoît l’Archevêque: If you only consider Azzimov, no. But if you consider the whole entity, yes. Sramana Mitra: You’re basically trying to turn
Sramana: Who were you going after in terms of clientele? Gaurav Khandelwal: In the beginning, I was going after companies that had an appetite for innovation. Primarily, they were small and medium businesses. I often ran into entrepreneurs who were looking to build their ideas into the next big thing. This was happening in 2008
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. John spent $200,000 to get to his first million in 18 months with GoGrid. One year from that, the company got to $5 million. Today, they are at over $50 million in revenue run-rate, all organically grown. Read John’s insights on a tightly managed entrepreneurial journey.
Benoît l’Archevêque: It’s like the 411 service in North America where people call to get services. In China, they have salesmen receiving the call. People call and say, “I’m looking for this.” The person receiving the call will not only give the information but also go and complete the sale. Azzimov is included in that. They