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HOT TOPICS
- The Accelerator Conundrum
- The Startup Velocity Question
- Platform as a Service
- Man and Superman
- Web 3.0 = (4C + P + VS)
- The Future: End of Capitalism
- Capitalism 2.0
Bootstrapping To $1 Million, Then Growing to $40 Million: iContact CEO Ryan Allis: Chapel Hill, North Carolina (Part 6)
Sramana: How long did your Series A funding last? Ryan Allis: We ran on that money for three years. Last August, we closed a $40 million round of funding. My philosophy on venture capital is to never raise more than one time your annual revenue.
Bootstrapping To $1 Million, Then Growing to $40 Million: iContact CEO Ryan Allis: Chapel Hill, North Carolina (Part 5)
Sramana: What was your strategy for raising capital? Ryan Allis: I was 20 at the time. I had lunch with a friend who was a co-founder of PinPoint, which he merged with PowerByHand to form Motricity. He had raised a couple hundred million dollars for Motricity, and they were one of the most sought-after venture-backed
Bootstrapping To $1 Million, Then Growing to $40 Million: iContact CEO Ryan Allis: Chapel Hill, North Carolina (Part 4)
Sramana: When did you hire your first employees? Ryan Allis: We hired our first employee in September 2003, three months into the business. He was an intern for the first month, and then after that we paid him $1,000 a month which was all we could afford. He did customer service and marketing, and he
Bootstrapping To $1 Million, Then Growing to $40 Million: iContact CEO Ryan Allis: Chapel Hill, North Carolina (Part 3)
Sramana: Where did the money come from to get iContact off the ground? Ryan Allis: We bootstrapped for three years. Initially it was just the two of us, and we did not draw a salary. We were in downtown Chapel Hill. I lived in the office, so I did not have any rent personally. Aaron
Bootstrapping To $1 Million, Then Growing to $40 Million: iContact CEO Ryan Allis: Chapel Hill, North Carolina (Part 2)
Sramana: What was going on in your life parallel to your young entrepreneur activities? Ryan Allis: I was a normal school kid living in Florida. I went to middle school and high school, and I worked when I could on the side. Throughout high school I did 40 or 50 websites and I started a
Bootstrapping To $1 Million, Then Growing to $40 Million: iContact CEO Ryan Allis: Chapel Hill, North Carolina (Part 1)
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Ryan is the co-founder and CEO of iContact, a provider of e-mail marketing software.. iContact currently has 300 employees, 700,000 users, and $50 million in annual revenues. Ryan has been an entrepreneur since he started Allis Computing at age 11 in 1995. He is an active
Monetizing Free Traffic That Refuses To Convert To Premium: SocialVibe CEO Jay Samit, Los Angeles (Part 7)
Sramana: What have been some of the significant milestones in terms of building the company? Jay Samit: The key was getting advertisers to get understand that the key things to measure in a post-impressions world are the attention, engagement, and the rally. We have had campaigns like Toy Story where half of the people who
Monetizing Free Traffic That Refuses To Convert To Premium: SocialVibe CEO Jay Samit, Los Angeles (Part 6)
Sramana: You said news sites is one of your strong areas. What does a before and after picture look like in that segment? Jay Samit: We can talk about news sites in general. One of the most traffic areas is news. That sounds silly, but it’s not. If there is a flood or hurricane that
