Sramana: Did you focus only on IT, or did you focus on IT only to validate your concept and use the IT list as a minimal viable product? Henry Schuck: We stayed very focused. People would ask us to create our service for finance, engineering, and marketing. The company was bootstrapped with our savings money
Sramana: You mentioned that the owner sold this company to a private equity firm. What led him to take that step rather than building the company further? Henry Schuck: The owner was in a place where he was making a lot of money but he did not like the job. He was not in a
Henry has more than 10 years of experience managing the sales and marketing activities of fast-growing IT data companies. Prior to DiscoverOrg he managed marketing and research at Global IT Profiles, LLC and led the company en-route to a successful private equity sale. At DiscoverOrg he manages sales, marketing, and strategic development for the company.
Sramana: You mentioned earlier that you have bootstrapped your online training offerings via your on-site training courses. Has bootstrapping been your funding model or have you taken outside funding? Aaron Skonnard: We are a bootstrapped company. We started this company with $5,000 from each of the partners and we have not taken any money. Last
Sramana: Are people able to take your courses and then move on to find new careers or jobs? Aaron Skonnard: Definitely. There is a woman in Sweden who was a dietician, but she really wanted to make a career change and become a programmer. She started taking some classes at a local institute and got
Sramana: What plans do you offer today, and what are the feature of each plan? Aaron Skonnard: We have a standard plan and a plus plan. Our standard plan provides access to the entire library as long as you are connected to the Internet, and it is $29 a month. We also have mobile apps
Sramana: When did you release your first ten courses online? Aaron Skonnard: In 2008, just as the banking system collapsed. Training budgets were slashed, and Wall Street fell apart. We had an early adopter price of $699 for full access to the library of courses for a year. The idea was that we would move
Sramana: Once you realized your business was not making a revolutionary change, what were your first reactions and steps? Aaron Skonnard: The most immediate was a feeling that I did not want to continue doing what I was doing. I did not want to spend the rest of my life doing something I had lost