Ranjith Kumaran is the founder and chief technology officer for YouSendIt. Prior to YouSendIt, Kumaran held marketing positions at Verisity Design, and he was the director of sales engineering at Celoxica. He has also worked as a software systems engineer at Red Hat. Kumaran received a bachelor of engineering degree in computer engineering from McGill
SM: Your Series A investors are reaching the seven-year point and are probably looking for an exit. GS: They are long-term, patient investors. They are not looking for a short-term returns in order to raise their next fund. We are in a very different spot from what other folks could be.
SM: I have known other companies that have acquired venture-owned companies, and they did it via an all-cash transaction. The CEO worked out a valuation with the acquisition company, then went back to his investors and presented the deal and raised the cash to make the acquisition happen. GS: Cash is easier, but those deals
SM: How did you accomplish the financial engineering of the company ramp and product development? GS: Series A was $8 million, which the company had in place before I arrived. That was enough to build the security product.
SM: When you were flying out to your 25 potential customers and converting three of them into very large customers, what was the competitive landscape? GS: There were a lot of existing vendors. CipherTrust was a player; it turned into Secure Computing and was then bought by McAfee.
SM: Once you had a large enterprise willing to test the product for the first time, how did you handle the test? GS: I put our engineering team on-site because I knew that they would find bugs. You can’t deploy new technology and not find bugs.
Prith Banerjee is Senior Vice President of Research and Director of HP Labs, Hewlett Packard Company. Here is his review of Vision India 2020 by Sramana Mitra: “I read Vision India 2020 last month. The book is commendable on two fronts. Each of the business case studies Sramana introduces in her book constitutes a real business case
SM: How did Eric find you and convince you to join Proofpoint? GS: He had a search partner who helped him identify people, and they made the connection. It was a classic Valley network deal. We got to know each other and we liked each other. We thought we were a good fit.