Shane Neman is Founder of EZ Texting, JoonBug.com, and Principal at Neman Ventures. Shane has bootstrapped two companies as a solo entrepreneur, found successful exits for both, and is now an investor. Needless to say, he has no bias against solopreneurs.
Shane Neman: We had a real problem in finding affordable tech talent. I was in New York at this time. I bootstrapped it, so I was being very careful with how I was spending the money. In many ways that was an element of the success. It was my own money. What happened was, we
Sramana Mitra: In 2007, JoonBug was sold, and you were fully into EZ Texting. Most of the proceeds from the sale have gone into EZ Texting, what happens next? Shane Neman: I realized that I needed to quickly start scaling the business. I started hiring developers and salespeople. I went at it as a product-first
Shane Neman: Back then, Shortcodes had just come out. Are you familiar with what Shortcode is? Sramana Mitra: No. Shane Neman: It’s like those five or six-digit phone numbers that you text into to get a coupon. It’s a special five or six-digit phone number, and at that time they had just come out in the
Sramana Mitra: You started as a solo entrepreneur, and it scaled. How long did you do it as a solo entrepreneur? Shane Neman: The first year was solo, but then my girlfriend became my partner in it. She had a lot of experience in events in particular and that is how we came to doing
Sramana Mitra: What did you do after that? Shane Neman: I have to remember because it was a long time ago. Sramana Mitra: I remember it very well. I don’t know if you know my background. I am a computer scientist from MIT. The period that you are describing – the 1994 to 2000 period
If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page. Shane started as a solo entrepreneur and built two companies, bootstrapped both, and found successful exits for each. Read on for more on his journey. Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and