If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. President CEO Adam Stern used some equipment financing, and was considering some debt financing, to scale Infinitely Virtual when we spoke in 2015. He had not used any venture capital or private equity, but had built a substantial company. Read on to learn how. Sramana Mitra:
President CEO Adam Stern used some equipment financing, and was considering some debt financing, to scale Infinitely Virtual. When we last spoke, he had not used any venture capital or private equity, but had built a substantial company. Read on to learn how. Sramana Mitra: Let’s start at the very beginning of your story. Where
Sramana Mitra: In terms of the competition, when you started tinkering with virtualization in 2005, it was lesser known and everything was immature. Today, it’s mainstream and well-penetrated. What is your experience of the evolution of the competitive landscape in the market? Adam Stern: It’s mainstream in that people know what cloud means. Quite often,
Sramana Mitra: Did you continue to bootstrap the company, or did you, at this point, introduce financing? Adam Stern: Early on, we financed purchases. Then we decided that from a cash flow perspective, it made a lot of sense to lease equipment. Our storage equipment, switches, and routers were leased. We only stopped leasing equipment
Sramana Mitra: Tell me a bit more about what was in the product. Adam Stern: In the very early days, we were focused on terminal server environments and delivering Windows virtual machines to do web and SQL-based workloads. We did offer people the flexibility of building their own environments. They couldn’t build their own virtual machines.
Adam Stern: Because we are engineers, we are largely responsible for helping Tutor Perini build their infrastructure team. We worked with them to build their skill levels and ensure that the instructor was choosing the right people for his team, and even to help them with inter-political battles. During that process, we earned a lot
Sramana Mitra: What is the reception for the concept of hosting a virtualized infrastructure in your client base? What was the level of awareness? Were you doing missionary selling? How are you getting customers for that particular value proposition? Adam Stern: We did talk to existing customers about what we were doing, and only a
If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page. Adam has used some equipment financing, and plans to use more debt financing, to scale Infinitely Virtual. He has not used any venture capital or private equity, but has built a substantial company. Read on to learn how. Sramana Mitra: