Sramana: What was your pricing model prior to the shift into SaaS? How did you adjust that model when you moved into SaaS? Derek Roos: Prior to our SaaS model, we sold perpetual licenses for the use of our platform. The price would depend on the number of applications that would be deployed on the
Sramana: How many VC funds were operating in Amsterdam? Did you know them well? Derek Roos: There are very little options in the Netherlands. There are a lot of angel investors but we were looking for an institutional investor and there are a handful of institutional investors there. There are maybe 10 at most. It
Sramana: Let’s talk about the rest of your team. You were in business school, but you had technical co-founders. How did this team come together? Derek Roos: At the company that I was working for while I was going to business school, there was another individual there who became my co-founder. He had a technical
Sramana: What specifically do you mean when you say application development? Are you talking about web applications or mobile applications? Derek Roos: Both, actually. When we say applications, we are talking about business applications. The Mendix app platform means web and mobile at the same time. Our vision for applications is that it should not
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Derek Roos is the CEO if Mendix, an enterprise app platform company looking to bridge the gap between business and IT, making business application development dramatically easier, faster and collaborative. Derek earned a master of science degree in business administration from Erasmus University, Rotterdam. He is
Sramana: What was the premise behind Zscaler? Jay Chaudhry: We wanted to offer web security in the cloud. We also recognized that the world would be increasingly mobile. We also needed to do integration of point products. We did not need one for URL filtering, one for caching, one for antivirus, and one for DLP.
Sramana: At some point you did sell your first company to Verisign. What came next? Jay Chaudhry: I stayed with Verisign for a while. I left in late 1999 after 18 months, although my obligation was only 12 months. I was ready to do more startups. I was driven by a few things. First, I
Sramana: Tell us about the first offer to buy your company. How was the proposal made and how did you evaluate it? Jay Chaudhry: The CEO of an existing public company called me up one day out of the blue. He told me he wanted to buy my company, and I told him that I