If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. David Gorodyansky is the CEO and co-founder of AnchorFree. Previously, David founded Intelligent Buying Inc., a profitable asset management company and reseller of IT enterprise networking equipment. Prior to that, David launched a B2B Web service in the field of competitive intelligence, which in turn, gave
Sramana: What is your forecast for this year? Phil Fernandez: We will do in the up $30 million of annual recurring revenue. We will achieve the same fourth-year revenue that Salesforce.com achieved in their fourth year. The difference is that they spent $250 million to build that market, and I have spent $17 million. It
Sramana: How much revenue did you generate in 2008? Phil Fernandez: We did $400,000 of subscription revenue. Sramana: How many customers did you have? Phil Fernandez: We had acquired 70 customers by the end of that year.
Sramana: What is the price point of the offering? Phil Fernandez: The lowest end customers pay $1,000 a month. The largest spend 100 times that a month.
Sramana: What do you do in the process that directly supports your clients? Phil Fernandez: We can help our clients to produce webinars to promote their product or services, even if it is specific to a geographic area. To run a webinar you need to identify the target audience, and you need to be able
Sramana: What is the genesis of Marketo? Phil Fernandez: My previous companies were million-dollar enterprise software companies. They were classic enterprise software companies with big sales forces. Salesforce had not quite burst on the scene but it was getting started. There was a new point of view that there was a whole new software company
Sramana: Where does the story go from there? Phil Fernandez: After that I got hooked up with a company that is now TIBCO. Back then it was an incubator called Technicron Software Systems. Rick Haven was the chief operating officer, and he was my mentor.
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Sramana: Phil, let’s start with your background. Where does your entrepreneurial journey begin? Phil Fernandez: I’m from Ohio but I grew up all over the place, although I spent a lot of time in California. My entrepreneurial journey started in a serious way in the 1970s