Sramana Mitra: Tell me what is the beginning of Torc. How much funding did Frank put in? Michael Morris: That was an important piece for me. Through my experiences at Appirio and Topcoder, I knew about the effort it takes to fundraise. I was concerned about it. I didn’t want to spend all my time
Sramana Mitra: Pinpoint for me exactly what problem you are solving now. Ricardo Josua: We are solving agility with robustness for core banking capabilities. What banks have done for the past 10 years is take an agile team or a group of young developers and build experiences that are very cool but have to integrate
Sramana Mitra: Is it all word-of-mouth that developers found out about you? Michael Morris: Word-of-mouth. I referenced that Social Network movie because it mostly started in Computer Science departments at universities across the globe. Once we got a foothold in the US, it started going globally. Once we went global, it expanded. There was a
Sramana Mitra: Now we’re in 2012? Ricardo Josua: 2014. I started another venture in finance providing structuring for asset-backed security. It was lateral to the business we were doing at that point. I also began working with EdTech on modernization for schools. Sramana Mitra: In what capacity were you involved in these ventures?
Sramana Mitra: What year does this bring us up to? Michael Morris: This would be the end of 2001. A group of us stayed on for a little bit, then we left. We went and started a company called Topcoder. The whole idea was to build a community for software developers to compete and earn
We don’t hear of hardcore B-to-B technology ventures coming out of Latin America very often.Ricardo is building one that caters to banks and financial institutions, has raised over $100M in financing, has over $25M in revenue, and has major Latin American banks as customers. Sramana Mitra: Let’s start at the very beginning of your journey.
Michael has not only transitioned successfully from a developer to an entrepreneur, but he has also built communities of developers and 2-sided marketplaces around them over and again. Torc is his third run at this overall mission of enabling and empowering developers to have great careers. Sramana Mitra: Let’s start at the very beginning of
Deepak Gaddipati: If you’re over 65, that person is 33% likely to fall. Of the 33%, 20% will get a major injury, about 6% will have falls with major injuries. Once you have a fall with a major injury, your immediate cost is about $34,000 for treatment. If a person falls – not just falls