If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Bootstrapping with service, then building two products, then splitting up the company into two, and finally, scaling a sizable product company – not the kind of stories we hear often from Indian entrepreneurs. This story is a rare window into the journey of a group of
Sramana Mitra: Can you talk about the business model from that time? What were you charging? What were the deal sizes and so forth? Jonathan Ellis: When we were first starting the company, we had a potential $80,000 deal. I told Matt, “You know if we can get a few deals like this, we might
Sramana: What was your next step? Was your first store a proof of concept to raise more money? Manish Sharma: I had enough money to do something else, but not enough for an entirely new shop. I decided to put up a smaller shop inside a larger store. I clearly identified the demand and need
Sramana Mitra: Let’s come back to the pitch to Lightspeed based on which you raised your Series A. How did you evolve from there? How did you build the business? Matt Pfeil: We built out an engineering team for both the core open source project as well as continued to evolve OpsCenter. For practical purposes,
Sramana: Did you fund the business with just friends and family? Manish Sharma: I did have two angel investors when I started Printo. I met them at conferences and gave them a basic elevator pitch. I was looking to raise 2 crore rupees but ended up raising 1.4 crore rupees. I did not raise a
Sramana Mitra: Had you already moved to Silicon Valley before raising the money? This is another key question that a lot of entrepreneurs are wrestling with and making decisions on. Jonathan Ellis: Yes. It actually wasn’t an explicit condition of the funding and we actually took another 3 months or so before moving the headquarters.
Sramana: What happened to that business? Manish Sharma: We were caught in the crash. Not a lot of people remember how fast that happened, but I definitely do! The company did not go anywhere. Sramana: What did you do after the dot com crash? Manish Sharma: We had 40 people in India at that point
Sramana Mitra: I am going to probe you on a couple of different points. Did you start DataStax while you were still inside of Rackspace? Jonathan Ellis: No. We were working on Cassandra at Rackspace but we started DataStax, originally called Riptano, after leaving Rackspace. Sramana Mitra: So, by the time you left Rackspace and