If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Pierre and Fred Guelen bootstrapped Planon, a very significant company from The Netherlands, using the bootstrapping using services principle. Read this conversation from 2016 to learn more. Sramana Mitra: We’re going to start at the very beginning of your personal journeys. One of you please start
Pierre and Fred Guelen have bootstrapped Planon, a very significant company from The Netherlands, using the bootstrapping using services principle. Read on and learn how. Sramana Mitra: We’re going to start at the very beginning of your personal journeys. One of you please start by telling us where you’re from, where you were born, and
Sramana Mitra: Now what? You’re in 2016. How big is the company revenue-wise and what do yo want to do with it? Do you want to go public? Do you want to go public in the US market? Fred Guelen: We definitely first want to secure further growth for the next three to five years.
Sramana Mitra: Where did you get the money to invest? Fred Guelen: That’s always the big secret, isn’t it? I had a very successful law practice and I made a lot of money as a lawyer. I was able to largely finance that with my own equity, and I also took a loan. Pierre Guelen:
Sramana Mitra: What did that do to your growth? Between 2000 and 2010, how did the company grow? Pierre Guelen: We’ve always had a steady pace of growth of an average of 20% a year. Sramana Mitra: Let’s go to 2010. Are we talking about just one product in the cloud architecture in 2010? Pierre
Sramana Mitra: I imagine that you immediately went and sold the same product to a bunch of other customers. Can you talk about some of the early customers and what kind of price point you sold it at? Pierre Guelen: At the engineering firm, I did my own consultative selling. Here, I needed a sales
Sramana Mitra: We have to capture the story of how you put one foot before the other. You said you started the company right out of school. How did you get it off the ground? What was the premise of the company? What were you going to do and how did you get started? Pierre
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Pierre and Fred Guelen have bootstrapped a very significant company from The Netherlands using the bootstrapping using services principle. Read on and learn how. Sramana Mitra: We’re going to start at the very beginning of your personal journeys. One of you please start by telling us