Bootstrapping From Arizona To 36 Million Dollar Series A Valuation And Silicon Valley Venture Capital: Infusionsoft CEO Clate Mask (Part 1)

Clate Mask, who has a JD and an MBA from Brigham Young University, is the co-founder and CEO of the fast-growth software company Infusionsoft. He is also the co-author of the New York Times bestseller “Conquer the Chaos: How to Grow a Successful Small Business without Going Crazy.” Mask raised nearly $17 million in venture capital

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40 Million Dollar Company, Paying Dividends, Growing Steadily: 3CInteractive CEO John Duffy (Part 7)

Sramana: Are the investors you work with accredited, or are they more friends and family without much of a professional investment angle? John Duffy: In most cases, we require people to be accredited investors. We have several professional investors on our cap chart, but their personal funds are used instead of having professional investors. But we

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40 Million Dollar Company, Paying Dividends, Growing Steadily: 3CInteractive CEO John Duffy (Part 6)

Sramana: Did you self-finance the company or did you raise money? John Duffy: We self-financed the company from 2005 through early 2007. We did a small friends and family round in 2007 and another one in 2008. We became profitable in 2009, and since then we have not taken any additional capital.

40 Million Dollar Company, Paying Dividends, Growing Steadily: 3CInteractive CEO John Duffy (Part 5)

Sramana: Of your technology and administrative offerings, what is your core value proposition? John Duffy: The technology enables us to deliver our administrative offering which is our core value proposition. Our sweet spot is ensuring that compliance is handled properly. Carriers are always up to date with what our clients are doing and that they

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40 Million Dollar Company, Paying Dividends, Growing Steadily: 3CInteractive CEO John Duffy (Part 4)

Sramana: Why did you move from a processes-oriented business to a company that developed technologies when there were already other larger companies building communication technologies in the same space? John Duffy: One of the things we were concerned about when we first got into this business was that the technology would change very quickly. I

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40 Million Dollar Company, Paying Dividends, Growing Steadily: 3CInteractive CEO John Duffy (Part 3)

Sramana: When you sold that company in 2002, you received a return. Had you had any other returns from other businesses, or was that the first? John Duffy: That was the first, and to date it has been the only exit I have ever had. I did well, but I did not get rich by

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40 Million Dollar Company, Paying Dividends, Growing Steadily: 3CInteractive CEO John Duffy (Part 2)

Sramana: How did you move from MCI to join your mentor’s company? What was the sequence of events? John Duffy: In 1993, when I was at MCI, I had a customer call me and tell me that he had developed a bulletin board system for Star Trek fans. It was a computer program that people

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40 Million Dollar Company, Paying Dividends, Growing Steadily: 3CInteractive CEO John Duffy (Part 1)

John Duffy is a serial entrepreneur with extensive experience in communications and payment processing. At 3Cinteractive, John is responsible for setting corporate strategy, driving revenue, and helping to maintain the company’s key relationships with customers and vendors. Prior to co-founding 3Ci, John built several successful companies in various industries. John lives in Delray Beach, Florida,

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