SM: Aside from your on-demand aspect, how else do you differentiate from the consulting firms? KP: We do not charge on an hourly basis for customer service and the help desk. Our customers call us all the time and ask for help pricing a job – we try to help our customers with those problems.
SM: What was the competitive landscape like when you started? Besides consultants, was there anyone else in that space at the time? KP: Even today the competition is fairly scant. Back then there was no one doing it. We were alone in the consumer and enterprise business for a solid three or four years.
SM: It was easy to raise money in 1999. It was not easy to raise money in 2001. What was your experience raising angel money during that time window? KP: I have never had a problem raising angel money. It was extremely easy in 1999. We did talk to some venture capitalists, but they did
SM: What was the genesis of Salary.com? KP: Right before I started Salary.com I was building software for What Color Is Your Parachute?, which is also in the career management space. There we ended our process with a recommendation as to what would be a good career fit for an individual. The goal was to
Kent Plunkett is the CEO of Salary.com. His efforts there earned him the Ernst & Young Entrepreneur of the Year award for 2007. He has domain expertise in data on-demand and data syndication, with expertise leveraging this at all levels from the enterprise to the consumer. SM: Where do you come from? Give us some
SM: What should I have asked you that I didn’t? KW: We have not talked about our overseas facility yet. I recently did a press conference with the governor of Indiana where I announced the closure of our Shanghai facility.
SM: Will your publishers be paying a fee to gain access to the service? KW: Yes, they will pay a fee to use the service. In this business, if you do not have critical mass it is really hard to drive customer satisfaction and to get costs in line.
SM: From a writer’s perspective, one of the biggest issues is marketing. If you are an author without an existing platform, how do you market your book, aside from to your friends and family? KW: That is the biggest complaint that writers have. We will launch something focused on author marketing by the end of