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
Sramana: Where you trying to develop another company after you returned to India or did you decide to go back into services work? Manish Sharma: I continued forward with my goal of establishing a product company. I finally came up with a product idea in the AI space which had been a passion of mine
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. This is an interesting story of how an open source software company built around Cassandra was incubated by RackSpace and has grown to $5 million in revenue. Founded by engineers Jonathan Ellis and Matt Pfeil, the interview traces not only the successes of their journey but