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- The Accelerator Conundrum
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nilay banker
Best of Bootstrapping: Bootstrapped Using Services to an Awesome Business Model
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. We’ve shared many Bootstrapping Using Services case studies with you here, as well as in the book on that topic. Inspyrus Founder CEO Nilay Banker’s story is particularly interesting because of the absolutely awesome business model that Nilay and his team had implemented by the time we spoke
Best of Bootstrapping: Inspyrus Bootstraps Using Services to an Awesome Business Model
We’ve shared many Bootstrapping Using Services case studies with you here, as well as in the book on that topic. Inspyrus CEO Nilay Banker’s story is particularly interesting because of the absolutely awesome business model that Nilay and his team have implemented. Read on! Sramana Mitra: Let’s go to the beginning of your personal journey. Where are
Bootstrapping Using Services to an Awesome Business Model: Inspyrus CEO Nilay Banker (Part 7)
Sramana Mitra: You have a tremendous revenue stream. Where are you now? How far along are you? Nilay Banker: We are getting into the tens of millions of dollars. We are doubling every year in revenue. Sramana Mitra: How many people? Nilay Banker: Now, we are close to 50 people. Almost everybody is in the US.
Bootstrapping Using Services to an Awesome Business Model: Inspyrus CEO Nilay Banker (Part 6)
Sramana Mitra: How long did it take you to be able to know that you could actually save money and for you to make money on that gain share model? How long was that process of fully validating the business model? Nilay Banker: Typically, it takes from 6 to 12 months by the time the
Bootstrapping Using Services to an Awesome Business Model: Inspyrus CEO Nilay Banker (Part 5)
Sramana Mitra: When did you start selling the product in this whole gain share model? You said that 2008 is when you started two and a half years of services mode while you got the handle of what the problem was and what product to develop. Was 2011 your first year of selling the product?
Bootstrapping Using Services to an Awesome Business Model: Inspyrus CEO Nilay Banker (Part 4)
Sramana Mitra: How do you do that? How do you take an internal operation and turn it from a cost to profit center? What did you that was innovative there? Nilay Banker: That’s a great question. It all starts with making sure that you can achieve process efficiency. Process efficiency, in this case, is how
Bootstrapping Using Services to an Awesome Business Model: Inspyrus CEO Nilay Banker (Part 3)
Sramana Mitra: Let’s talk a little bit about some of the nitty-gritty processes. What year did you start Inspyrus? Nilay Banker: I started Inspyrus in 2008. Sramana Mitra: You said you started by consulting. How long did you operate this company in a consulting services mode that got you the opportunity to understand the problem
Bootstrapping Using Services to an Awesome Business Model: Inspyrus CEO Nilay Banker (Part 2)
Sramana Mitra: How long did you stay at Oracle? Nilay Banker: I was at Oracle for 10 years. On the first day of my 11th year, I decided it was enough. I had a lot of fun. I actually had a great opportunity to work with Larry Ellison for an extended period of time. At
