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Best of Bootstrapping: Bootstrapped First to $10M from Finland

Posted on Tuesday, Jul 25th

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?

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Best of Bootstrapping: Bootstrapping to $10M from Finland

Posted on Friday, Dec 10th

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

Read Full Article »

Bootstrapping to $10 Million from Helsinki, Finland: Mikko Valimaki, CEO of Tuxera (Part 6)

Posted on Saturday, May 21st

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

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Bootstrapping to $10 Million from Helsinki, Finland: Mikko Valimaki, CEO of Tuxera (Part 5)

Posted on Friday, May 20th

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

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Bootstrapping to $10 Million from Helsinki, Finland: Mikko Valimaki, CEO of Tuxera (Part 4)

Posted on Thursday, May 19th

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

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Bootstrapping to $10 Million from Helsinki, Finland: Mikko Valimaki, CEO of Tuxera (Part 3)

Posted on Wednesday, May 18th

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

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Bootstrapping to $10 Million from Helsinki, Finland: Mikko Valimaki, CEO of Tuxera (Part 2)

Posted on Tuesday, May 17th

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

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Bootstrapping to $10 Million from Helsinki, Finland: Mikko Valimaki, CEO of Tuxera (Part 1)

Posted on Monday, May 16th

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

Read Full Article »