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frank sheppard
Best of Bootstrapping: Bootstrapped Using Services to Exit from North Carolina
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Ateb CEO Frank Sheppard and his co-founders had built a sizeable bootstrapped business in North Carolina when we spoke in 2015. Read on to learn what worked for Ateb and what you can learn from them. Ateb was acquired by Omnicell in 2017. Sramana Mitra: Let’s
Best of Bootstrapping: Co-founders Bootstrapped Ateb Using Services from North Carolina
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Ateb CEO Frank Sheppard and his co-founders had built a sizeable bootstrapped business in North Carolina when we spoke in 2015. Read on to learn what worked for Ateb and what you can learn from them. Ateb was acquired by Omnicell in 2017. Sramana Mitra: Let’s
Bootstrapping Using Services from North Carolina: Ateb CEO Frank Sheppard (Part 7)
Sramana Mitra: Where are you in terms of revenues? Frank Sheppard: Last year, we did $21 million. Over the last two years, we’ve grown 20% and we’re projected to grow 20% this year. Sramana Mitra: Current business is growing at about 20%. How profitable is your business? Do you put a lot of profit into
Bootstrapping Using Services from North Carolina: Ateb CEO Frank Sheppard (Part 6)
Frank Sheppard: The other part of it is the reorganization of pharmacies. Traditionally, pharmacies are focused on filling prescriptions and are very reactive to patients coming in for that purpose. We’re doing things to make a lot of pharmacies more proactive, so instead of waiting for patients to engage them, we’re trying to find ways to enable
Bootstrapping Using Services from North Carolina: Ateb CEO Frank Sheppard (Part 5)
Sramana Mitra: I want to probe that a bit before we go beyond 2010 to the new mode. Let me just get the benchmarks on the 2005 to 2010 when you started focusing on patient reminders. What did that do to your business in terms of growth? Where were you in 2010 for instance? Frank
Bootstrapping Using Services from North Carolina: Ateb CEO Frank Sheppard (Part 4)
Sramana Mitra: How fast were you able to course correct on that? I imagine that when you saw that things were not working out, you fired the CEO. When did that happen? Frank Sheppard: Late 2003, I believe. We were probably short of bankruptcy, but like all good entrepreneurs, we were too stupid to do
Bootstrapping Using Services from North Carolina: Ateb CEO Frank Sheppard (Part 3)
Frank Sheppard: At that time, my spouse was still with IBM, working in the retail division. She just saw some opportunity there. We agreed to bring her on board in late 1995 to see if she can develop a lot of what we were doing for the telecom industry. We were able to do that very
Bootstrapping Using Services from North Carolina: Ateb CEO Frank Sheppard (Part 2)
Sramana Mitra: Let me see if I got this. You basically had a project within IBM that IBM didn’t want to pursue. You wanted to pursue it and, with IBM’s blessing, you spun it out as a separate company? Frank Sheppard: Correct. IBM had no part in the founding of that company except to say
