SM: You have always stayed focused on quality content and good analysis. RM: From the very beginning I have believed that analysis is important. I strive for thoughtful posts about technology that illustrate where technology is going. I highlight trends and the latest products. Throughout ReadWriteWeb’s history that has been the focus, and it remains
SM: The nice thing about having an influential audience is that people are willing to pay to access that audience. The consulting and sponsorship revenues gave you time to build up your blog. Were you working entirely on your own at that point? RM: I was definitely on my own by then.
SM: April 2003 was still very early in the time period of blogging. RM: It was, and there definitely was no money in it. I had a day job at the time as a Web manager, and I was not fulfilling my mind. I wanted to explore all of this different stuff, and blogging was
Richard MacManus is the founder and co-editor of ReadWriteWeb, which he founded in April 2003. Today ReadWriteWeb has millions of readers and is syndicated by the New York Times. Through his blog, Richard has become well known for forecasting technology trends and how they will be adopted or used throughout the world. Richard was born,
SM: What is your observation about Silicon Valley in the era in which China has become such a big factor in the world economy? KX: In our space China is still a small market. Their IT assets are growing very quickly. In our space the key is to quickly do the innovation aspects of technology.
SM: What was Fortinet’s revenue last year? KX: We had $250 million in revenue. We are as large as NetScreen was when Juniper acquired them.
SM: What was your per-share price for your C round? KX: Sequoia came in at $3.50. One of our investors introduced us to Sequoia. They became interested in us once we won the head-to-head evaluation against Cisco.
SM: Knowing you have a two-year run up front provides a lot of security. KX: It was. When we started NetScreen, the largest hurdle we faced was credibility. Even though we had a prototype developed, when we went out to raise money we did not have credentials behind us. We did not have business experience.