Sramana: You were already doing your first major startup while you were still in school? Gene Hoffman: I was in school, and I also worked for the North Carolina basketball team. During my junior summer, Coach Smith had a basketball camp where he brought in a lot of kids from all over the country for three
Gene Hoffman is the chairman and CEO of Vindicia, a provider of SaaS billing solutions. Prior to Vindicia, Gene co-founded eMusic in January 1998 and served as president, chief executive officer, and a director. As head of eMusic, Gene was featured on the cover of Forbes Magazine as a member of the July 1999 E-Gang
Sramana: What is your vision going forward? What comes next? Alex Bouzari: At this point, the opportunity and challenge are that we are in a market that is broader and moving faster than any other market in storage. We have the right technology, and it is differentiated. We have the right partners and we have
Sramana: How much of the unstructured data market have you been able to get into? Are you in with the big social media companies? Alex Bouzari: We are in a few of them. We are in some very big ones, but they don’t want us to talk about it. However, some of our customers will
Sramana: When you went through your fight with the VCs and they resigned they still owned a very large portion of your company. How did you resolve that situation? Alex Bouzari: We bought them out. They walked away from the company in 2002. They told us we had lower than a 1 in 1,000 chance
Sramana: Where did you and your investors agendas diverge? Alex Bouzari: The investors wanted us to go into the broad market with that technology while we kept telling them that it was not technology that applied to the broad market. It was high-performance, high-capacity storage for unstructured data. We had put in three years of
Sramana: How did you fund Mega Drive Systems? Alex Bouzari: With the few dollars that we received from licensing our previous companies technology, as well as some of our credit cards. We worked 16-hour days. We designed the product, wrote the data sheets, and sold them to customers ourselves. In 1988 we managed to generate
Sramana: What did you do after you completed your master’s studies? Alex Bouzari: After a year there I was starting to explore my PhD, and at the same time I really wanted to get a company going. A friend from Caltech was involved in helping some technology companies get established in the U.S. and introduced