Sramana: What did you do after VerticalOne? Marc Gorlin: I went back to the recruiting firm I had, and I also helped a bunch of startups in the interim. I also looked at deals in Atlanta for some investors as well. It was a good time to focus on family and real estate and do
Sramana: When you had those initial conversations, what was the consensus on identifying a company-building opportunity? Marc Gorlin: The concept was to take a worldwide known brand, PGP, and turn it into a product that corporations could buy to protect their digitally sensitive information. It was not something that you would normally see done because
Marc Gorlin is the co-founder of Kabbage and a serial entrepreneur. In 1996 he was a co-founder of Pretty Good Privacy (PGP) and oversaw the financing and eventual sell of PGP to Network Associates in 1997. After PGP Marc co-founded VerticalOne, a content personalization service that was sold to S1 Corporation. Marc is also a
Sramana: What percentage of your business is in the U.S. today? Leigh Jasper: On a bookings basis it is around 15% and growing fast. Within a couple of years, I think it will be the biggest part of our business. The U.S. market is just very large. We have 35 offices globally with 400 people.
Sramana: You have moved to San Francisco and raised institutional financing from local VCs. Based on my knowledge of the industry, there is obviously a game plan here, and my inclination is to believe it is a roll-up game plan. Do you plan on rolling up another $70 million to $80 million of revenue by
Sramana: What is the total available market for the construction management software? Leigh Jasper: That market is probably $500 million at the moment. We are the biggest player in the space, followed by AutoCAD. After that there are around 20 smaller companies that do around $10 million apiece. We see this as a multi-billion dollar
Sramana: How long did it take you to get to a critical mass of Australian construction projects transitioned to the Aconex platform? Leigh Jasper: It took a few years to really build it up. Ultimately we served our clients well. The business has grown phenomenally. In 2001 we raised money and started getting some publicity
Sramana: Do you get a lot of repeat business from the same clients or do you have to find new construction projects and reach new clients? Leigh Jasper: The way we typically work with a company is by starting on one of their projects. During that initial project they see what the system does and