During the downturn after the bubble burst, many companies took significant hits. Here, it is revealing to notice there was really only one tough year for Adventnet, which could actually be described as an R&D year. That could have taken place anytime in the company’s history. The bubble burst did not destroy the company, they
SM: What are your top target segments? PF: As a comprehensive search engine for jobs, Indeed.com isn’t targeting particular segments. We’re covering all jobs in all fields. Having said that, we do have a disproportionate number of web-savvy, early-adopter types who have discovered the beauty of comprehensive job search. SM: How did you penetrate the
Sridhar’s experience in bootstrapping is something to learn from, especially for entrepreneurs in India, who keep complaining about the lack of funding availability from venture sources. Along the way, he weathered many storms, as all good entrepreneurs learn to do. SM: How did you fund your early initiative? SV: It was all bootstrapped. My wife
SM: What was the market landscape like when you founded the company? PF: Online recruitment has been dominated by job boards, particularly Careerbuilder, Monster and Hotjobs and specialized sites like Dice for technology professionals. Indeed.com makes it possible for job seekers to search across these sites to find exactly the right jobs. Job seekers click
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. [Also check out my Entrepreneur Journeys book, Seed India – How To Navigate The Seed Capital Gap in India] Sridhar Vembu is the CEO of AdventNet, which owns Zoho, a new on-demand office suite we’ve been hearing about a lot lately. I spoke with Sridhar about his rather unorthodox but
We have been reviewing the Online Jobs vertical at length, and in this interview, will be speaking with Paul Forster, co-Founder and CEO of vertical search engine Indeed. SM: Please describe your personal background. PF: My professional background is in finance. I was an investment manager with the International Finance Corporation, the private sector arm
SM: Please describe some of your team building experiences. Is your management team complete now? It seems like you’ve had a founder transition, and the company has already burnt a lot of capital. These are indications of problems with the team, normally. MS: Yes, we’ve had some problems, but they were not with Founder transition.
SM: How did you finance the different phases of the company? MS: The early stages of the company were funded by an Angel and subsequent capital has been raised through VC’s. The first 2 rounds (Angel and Series A) were raised by the Founder, a total of $8.2 Million. I raised 2 rounds. One within