Sramana Mitra: Both of them were structured as subsidiaries of Robosoft? Rohith Bhat: Yes. Sramana Mitra: You continued Robosoft with the regular format of doing services projects? Rohith Bhat: Yes. Sramana Mitra: What was the revenue level of Robosoft at this point when you launched these two companies?
Sramana Mitra: These were projects that Apple gave you to build these apps? Rohith Bhat: We had customers of our own. We built it for them. Apple gave us the SDK. Sramana Mitra: This was very early. My question is how did you find clients to build products for the Apple App Store? Rohith Bhat:
Sramana Mitra: What kind of revenue levels were you operating at? Rohith Bhat: We were still at a million dollars. Sramana Mitra: You were steady at a million dollars from 1998 to about 2002. Rohith Bhat: In 1998, we were much smaller. By 2002 to 2003, we hit a million dollars in revenue. We were steady
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Rohith started a services company in his hometown – a small town on the west coast of Karnataka, India. Fifteen years later, the company is generating $18 million in revenue and has raised two sizable rounds of VC funding. I found the story exhilarating! Sramana Mitra:
Sramana Mitra: How much money did you raise in 2013? Jason Kassin: Our Series A was $20 million. Sramana Mitra: How many companies did you acquire? Jason Kassin: We acquired two companies. The first one was a company called Jaguar. In between, we acquired a third company, but that was of a slightly different complexion.
Sramana Mitra: After the client from which you identified the business opportunity of turning this into a product, who was your next client? Once you turn it into a product, how long did it take you to start acquiring actual clients? Jason Kassin: I think the number two client was a company in Amsterdam, which
Jason Kassin: Through a series of events, we ended up getting a large investment from a private equity group in 2013. That transformed FilmTrack from a small startup to a much larger organization that was funded by a private equity group and was able to grow substantially in the last three years. That investment, we
Jason Kassin: The ability to record all your distribution agreements in film and television was the genesis of FilmTrack. That has changed dramatically since even the mid 90’s. There was not any such thing as streaming back then. The notion of the business was distributing content to various mediums and territories, various languages and channels,