Xactly develops software-as-a-service for managing sales performance. It provides real-time, web-based, on-demand sales compensation solutions that help companies to sell more. The programs are affordable and enable smaller size companies to design, implement and manage sales compensation programs. The company was launched in 2005 by Christopher Cabrera and Satish Palvai and is headquartered in San
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Intacct provides on demand financial management applications for small and midsized companies. It was founded in 1999 and is headquartered in San Jose, California with offshore operations in Bangalore, India.
SM: Were they willing to fill out the spreadsheet you sent over? LD: Most people are like, “this is insane … what are you, a root canal?”
SM: You don’t face as much competition in small business either. LD: No, you don’t. There is no competition. That was Eric Dunn’s decision point on the Board. “That alone,” he said, “is an argument for me. We struggled so much in Intuit when we went up market to make the product scale.”
SM: How did you go from 2001 with $1M in financing to the scale you are today? Didn’t you have to finance the company further? LD: I basically did not have a life for six years. SM: Didn’t you need more financial resources? LD: When you are cash flow positive, you don’t need any more
SM: How do you view your competitive landscape right now? The HR, human capital landscape is moving online and becoming very big as we are penetrating more of the mid-market and small businesses. How do you view the rest of the players in your ecosystem and how do you position? LD: Let’s just look at
SM: The “mush” factor in corporations is amazing. LD: That is a beautiful word for it. Now we have products through which you know what people you need in different roles. Now you need to recruit people to fit into those slots, so we built a recruiting product to get them into the right places