Sramana Mitra: What was the competitive landscape like? Jedidiah Yueh: Two years after we started the company and we started marketing the product and the space, we had a competitor enter the market called Data Domain. In the end, both companies were sold to EMC. They were sold for over $2 billion. There’s another lesson
Sramana Mitra: How long did it take you to launch your product from that round? Jedidiah Yueh: It took us a long time. This was my first time as a founding CEO. I’d never run a development program. I still don’t know how to code. We were four years late in shipping product. We shipped
Sramana Mitra: Carry on. Lead us through the next phase of your journey. Jedidiah Yueh: In some ways, since I’m an accidental entrepreneur or even a reluctant technologist, that was a bit of an advantage. I had lots of ideas and I had friends that had lots of ideas, but I wasn’t interested in starting
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Jed has built two fat startups. This discussion delves into the nuances. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Jedidiah Yueh: The funny thing is, I never
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Niche e-commerce still produces compelling success stories. Read on to see how Brian built iHeartRaves. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Brian Lim: I was born
Sramana Mitra: In 2015, you decided to create this cloud stack. Then you started getting traction with other customers like Magento. How did you get to that? What gave you the idea of building that stack? Fred Plais: We were involved in several e-commerce projects where things were failing because of DevOps. It was always
Sramana Mitra: We’re going to need to double-click on that. What do you actually provide? My understanding is that Magento is a hosted e-commerce platform. Fred Plais: Exactly. When you take a look at what a development team on the web is, you’re going to have 3 to 4 people that are managing the servers.
Ram Palaniappan: Once we got that algorithm, we were able to expand it to salaried workers as well. Another thing that was interesting was, when I started, I was pushing money out over ACH. It shows up in the employee’s bank account the next day. Over time, we integrated with every ATM and debit network