Caprice Young is the president and CEO of KC Distance Learning and was formerly vice president of business development and alliances of Knowledge Universe. Prior to joining KU in September 2008, Caprice was president and CEO of the California Charter Schools Association. From 1999–2003, Caprice served as a member and president of the Los Angeles
SM: I talk to a lot of SaaS companies and have noticed that there is a big trend in terms of near-shoring. A lot of companies are moving to affordable areas such as Montana, Wyoming, and Tennessee. You can get good labor arbitrage within the United States. RR: We do have a second sales center
SM: Aside from educating your potential customers, what else governs your growth? RR: We are a very profitable company. Our guidance for 2009 is an 18% operating margin. We have delivered a balanced growth and profitability model to our investors. I could take profitability down to zero and put that money into sales and marketing
SM: What does a corporate department pay to use your service? RR: It depends on size. For the mid-market, meaning companies ranging from $5 million to $500 million in revenue, on average pay us $9,000 to $10,000 per year in annual subscriptions. The range can start as low as $3,000 per year and it could go
SM: I am assuming you raised a second round. When was that? RR: We then raised a second round of $12 million. That was in the fall of 2000. It was only eight months later. Our valuation increased during that time by five times.
Here is Ramprasad Subburaman’s review for Amazon: “Vision India 2020 is yet another book that every entrepreneur should have at their desk, especially those who are focusing on the Indian Market. All of Sramana Mitra’s ideas in this book about the future of India have been well thought through (Opportunities and Challenges). Anyone who understands
SM: Was it a software-as-a-service offering? RR: When we launched the product in 1997, we did it on the desktop. There was no SaaS model back then. We sold it as a desktop application from 1997 to 1999.
Here is William Carter’s terrific review of Sramana Mitra’s Vision India 2020 for Amazon.com: “Although I am not a business specialist, I do have a permanent passion for India and a lively interest in the globalizing economy. Ms. Mitra’s book is unique in combining her impressive background, her pointedly focused yet wide perspective, and her