SM: Intuit does well because accountants and bookkeepers all know and use its product. They are all trained on QuickBooks, and they are not entrepreneurs. Even Microsoft could not penetrate that relationship. ST: It all depends on the services they’re going to provide to entrepreneurs. Intuit has done a great job and has been very
Subrata Mitra, a partner with Accel Partners, has written a notable review: “Vision India 2020 is a great read for anyone who believes in the India story, how the country is touted to emerge as a global economic force in the coming decades, and how younger generations can think very differently about their lives and
SM: How are you structuring your products as you spin them out of Grasshopper Labs? ST: We want brands that are self-sustaining. We are structured like Coca-Cola is. They are the manufacturing company and the flagship product. However, they also have other brands. Our virtual PBX is our flagship product, but we have other brands
SM: After the first year, what were some of your major milestones and challenges? ST: The primary challenge that we have had from day one is scaling the company without external financing. We continue to reinvest the money and make smart bootstrapping decisions.
Manoj Saxena is vice president and global solutions leader at IBM, and was CEO and founder of Webify Solutions (acquired by IBM in 2006). Here is his review: “Brilliant analysis and a must read. Sramana’s book Vision India 2020 is a book about potential, possibilities and solutions. She provides a comprehensive picture of the potential and
Here is T. Farabee’s review of Sramana Mitra’s Bootstrapping book for Amazon: “Bootstrapping is good! Mitra showcases a dozen entrepreneurs and their lessons from the bootstrapping trenches. Some of the quotes from these interviews are below: Ramu Yalamanchi, Hi5: – No matter how many businesses you start, it just takes one successful business to make
SM: The two of you worked on the project and did creative financing deals to get started. What time was this? ST: We got started in January 2003. At that time we set aside six months to focus on the technology and work with various vendors creatively. We did that from January to June and
SM: What were the dynamics of involving your family in your venture? ST: Entrepreneurship runs in my family. My father ran an accounting firm when he was young in Iran. He had been in a similar situation as David and I had.