If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. In our effort to bring you stories from the global startup ecosystem, here we introduce you to Mikko Valimaki, Co-founder of Tuxera, and his wonderful success story from Finland in 2016. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from?
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. In our effort to bring you stories from the global startup ecosystem, here we introduce you to Mikko Valimaki, Co-founder of Tuxera, and his wonderful success story from Finland. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were
Sramana Mitra: It sounds like at this point, you have decided on the positioning and the target market. You started generating revenue. You hit the million dollar mark. What’s the next major inflection point? Mikko Valimaki: One important point in the early days was, we were also talking with venture capital. When we got the
Sramana Mitra: You basically were putting embedded code on the devices for filesystem management. Mikko Valimaki: Yes. Looking back, I think we made the right choice. We were able to grow really fast in the selected Asian market. When we were in the open source stage, I would say that from the early revenue, it
Sramana Mitra: Can you highlight what was different in the commercial product versus the open source product? From a product positioning point of view, why would somebody who was interested in the open source product buy this one? Mikko Valimaki: I would say there are three reasons. Some of our biggest customers were very hesitant
Sramana Mitra: Were they willing to pay if you had a good website and if you had a company? Mikko Valimaki: We were able to get some of our very first money just by basically consulting and helping some of the first commercial users. For that, we improved the website a little bit. We tried
Sramana Mitra: What year was this happening? Mikko Valimaki: This happened in 2008. Sramana Mitra: The first order of business was to get an open source product going right? Mikko Valimaki: We thought this whole thing through and we figured out that it cannot be a big enough business for us to grow this company
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. In our effort to bring you stories from the global startup ecosystem, here we introduce you to a wonderful success story from Finland. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what