Sramana Mitra: The truth is, you can learn income statement. Learning leadership is a much harder thing. Leadership is something that is either you have it naturally or don’t. It’s not so simple. Patrick Quinlan: I would agree. We certainly see people who are uncomfortable leaders who have done good. At the end of the
Sramana Mitra: How much money did you get from your friends and family to start this company? Ike Kavas: Less than $200,000. Sramana Mitra: How did you find these four people in India? Ike Kavas: I did a lot of research on companies that can develop software. I interviewed companies from Ukraine, Russia, and India.
Sramana Mitra: What was your next move after you came out of school? It sounds like you came back to Denver? Patrick Quinlan: I did. I’d been planning on joining the Peace Corps and was accepted, but due to some health issues, I was not able to go forward with my training. I needed a
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Ike has bootstrapped Ephesoft and turned a relatively small $3.2 million investment into $12 million in 2016 revenue. Excellent execution. Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and in what kind of
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. You learn from successes. You learn a lot more from mistakes and failures. Patrick freely discusses various missteps in his journey and how he managed to pivot out of various corners. Excellent discussion. Sramana Mitra: Let’s start at the very beginning of your journey. Where are
Sramana Mitra: What did you learn about the target customer segment? You said you started catering to tech startups. Where was the business coming from as you grew? What were you learning about customer acquisition? Isaac Oates: There are some really big things that we learned. One is that it’s really hard to control when
Sramana Mitra: Who were you dialing? What was the process of targeting and positioning? Isaac Oates: I always think about what I would do differently, I would say that we probably brought on a sales team a little bit later than we could have. We had a website and people could come in and sign
Sramana Mitra: How did you get the company off the ground? Isaac Oates: I got a lot of help initially. It was pretty easy and there was a lot of luck involved. When I was at Etsy, one of the members of their Board was an investor. I know Danny who’s on Etsy’s Board. I told