Sramana Mitra: How did you get the company off the ground? How were you acquiring customers? What was the genesis of the story? Marius Hanganu: For years, it was a Sequoia-based startup. Before it came to be known as IoT, it was called Big Data. The technical challenges around it are quite amazing. It was
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Marius has built a services company from Romania to over $5 million in revenue. Now, he is trying to bootstrap a product using the services business. Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born,
Sramana Mitra: What happens after that? Mike Morris: I can’t be specific about revenue after this point. This is where it gets interesting. At this point, we were cash-flow conscious. We weren’t doing all the things that we needed to do to grow more rapidly. We needed outside capital at this point. We had a
Sramana Mitra: By this time, you’re one year into the project. Did you figure out monetization already or was that still open? Mike Morris: That was my job. I would say we probably started on that about halfway through the first year. My responsibility was to figure out how to build a software company on
Sramana Mitra: Was it bootstrapped? How did you get this off the ground? Mike Morris: It was self-funded. The majority came from the Chairman Jack Hughes. He was the Founder and Chairman of Tallan. He had a lot of capital. There were other people, myself included, who invested in the early stages of Topcoder. To
Sramana Mitra: Where does that bring us up to, timeline-wise? Mike Morris: That brings us up to 2001. That’s when the next major shift in my career happened. That was the time where we had gone through our first year after the acquisition. The economy wasn’t fantastic, particularly in the Pacific Northwest. I moved back
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Mike founded Topcoder, then left and joined Appirio. Appirio acquired Topcoder. Wipro then acquired both Appirio and Topcoder. Very interesting storyline. 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
Sramana Mitra: What else is tricky that is worth discussing that people can learn from? Jason VandeBoom: I think it’s really trying to find that optimal speed of growing. Just in the last 12 months alone, a lot of people can look at our company and say, “Why don’t you triple the sales team?” I