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Long Journey to a $435M Exit: Bytemobile Cofounders Chris Koopmans and Nicholas Stavrakos (Part 6)

Posted on Tuesday, Sep 11th

Sramana: I think there are a lot of great teams that get stuck. A great team is essential, but there is a lot more to having a successful business than simply having a great team. Chris Koopmans: If you have the right market or the right technology, you can still fail. You need a good

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Long Journey to a $435M Exit: Bytemobile Cofounders Chris Koopmans and Nicholas Stavrakos (Part 5)

Posted on Monday, Sep 10th

Sramana: The tricky part of the journey you have been describing is that you had venture investors. They want to see growth, revenues and a potential exit. There is a lot of pressure on entrepreneurs when the market does not evolve as expected. That is why I find it interesting that you were able to

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Long Journey to a $435M Exit: Bytemobile Cofounders Chris Koopmans and Nicholas Stavrakos (Part 4)

Posted on Sunday, Sep 9th

Sramana: What level of growth were you able to sustain? We know 2001 was an unusually bad time. When did growth start to happen? Chris Koopmans: We saw a lot of growth in 2001 because we had had none the year prior. It was bad for markets, but it was an up year for us.

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Long Journey to a $435M Exit: Bytemobile Cofounders Chris Koopmans and Nicholas Stavrakos (Part 3)

Posted on Saturday, Sep 8th

Sramana: How long after you received financing from Benchmark were you able to complete the first product you were able to ship to customers? Chris Koopmans: We had working code right away and started doing customer trials right away. We consider our first official product the first product that a customer purchased to deploy in

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Long Journey to a $435M Exit: Bytemobile Cofounders Chris Koopmans and Nicholas Stavrakos (Part 2)

Posted on Friday, Sep 7th

Sramana: What part of the mobile ecosystem did you want to play in? How were you planning to use your expertise in high performance computing and wireless networking? Chris Koopmans: There are a lot of services that go over wireless, such as texting. There are companies that build products based on those services. There are

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Long Journey to a $435M Exit: Bytemobile Cofounders Chris Koopmans and Nicholas Stavrakos (Part 1)

Posted on Thursday, Sep 6th

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  Chris Koopmans is a cofounder and the COO of Bytemobile. He has more than 13 years of industry experience in hardware and software engineering and architecture. He has eight issued and pending patents covering wireless internet protocol (IP) services and optimization technology. Before joining Bytemobile, he

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Bootstrapping to $14M, Solving Serious Pain in IT Lead Generation: DiscoverOrg CoFounder Henry Schuck (Part 7)

Posted on Wednesday, Sep 5th

Sramana: How does the revenue break up among your customer base? Do you have a few large customers, or are your revenues fairly evenly spread out? Henry Schuck: We do have some customers who are larger than others, but for the most part it is very evenly spread out. Our large customers probably account for

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Bootstrapping to $14M, Solving Serious Pain in IT Lead Generation: DiscoverOrg CoFounder Henry Schuck (Part 6)

Posted on Tuesday, Sep 4th

Sramana: In the U.S. and Canada, how many companies are there that have 400 or more employees, and what percentage of that market have you penetrated? Henry Schuck: That is a very good question. The answer is a black box in our industry. No data provider knows exactly what that number is. Even if we

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