Sramana Mitra: Listening to you and the story, you’ve already hit your stride. You’re growing at 60% year over year. You’ve got internally generated cash. If I were you, I would probably not take external financing. How does this company become a billion dollar company? That question is not clear. On the other hand, you
Sramana Mitra: How many of those customers do you have? Is that a much larger customer base? Demitri Memos: In total, we have just over 4,000 paying customers. Sramana Mitra: There is a lot of SMBs that need to track and that includes all kinds of smaller operators. Demitri Memos: There is also service providers
Sramana Mitra: So the company was registered in London but you were still operating out of Greece? Demitri Memos: Right. Ironically, the decision at that point was to register a company in London for stability and better access to the markets. Next year, my partner will be moving to the UK. He’s leading the sales
Sramana Mitra: Were you doing this for a green shipping company or an idea that you came up with yourself? Demitri Memos: Our third partner had already started that. Sramana Mitra: How did he get plugged to you guys then? Demitri Memos: He was introduced by a mutual friend. He had built this website on
Sramana Mitra: What was the e-learning business that you were trying to raise money for? Who were the customers? What kind of e-learning are we talking about? Demitri Memos: It was corporate e-learning. The idea was that we were to provide a platform with some content. Sramana Mitra: This was going to be for Greek
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. The morning that Brexit sent shockwaves through the world economy, I spoke with Demitris Memos who is building a nicely scaling, bootstrapped SaaS company from Athens, Greece. It was thrilling to hear a story of success and hope against the larger backdrop of doom and gloom. Greece