If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Minnesota seems to be developing well as a hub for tech startups. With a strong culture of bootstrapping, we’re seeing a lot of entrepreneurs building high growth businesses. Here is my conversation from 2015 with Praful Saklani, Founder and CEO of Pramata. Sramana Mitra: Let’s start
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Minnesota seems to be developing well as a hub for tech startups. With a strong culture of bootstrapping, we’re seeing a lot of entrepreneurs building high growth businesses. Here is my conversation from 2015 with Praful Saklani, Founder and CEO of Pramata. Sramana Mitra: Let’s start
Sramana Mitra: What is at the heart of that? What do you think is the core competency that you’ve built in your product that is enabling you to branch out into upsell opportunities in the enterprise and even work yourself into additional use cases? Praful Saklani: There’s a couple of things. First of all, I
Sramana Mitra: How did you find these angels? What was the logic of these angels being in this company? Praful Saklani: Among the people that we brought on as early angels, one was the former CEO of SAP America. He’s actually listed on our website as an advisor. He was involved from a very early stage in
Sramana Mitra: What are the significant developments in 2008 and 2009? How is the company growing now? Praful Saklani: This is where it gets interesting and fun. 2008 was a phenomenal year for us. We started to see traction with the use cases around understanding the risk inherent in your relationships and how you comply
Sramana Mitra: That brings us to what timeframe? Praful Saklani: That brings us to probably mid to late 2007. There’s a second piece that I’d like to add to this. As we were developing this, it wasn’t just about a technology product model that we built. We actually built a whole service and delivery model
Sramana Mitra: Which brings us up to mid-2000? Praful Saklani: That’s exactly right. In 2005, I decided it was time to move back to the US for a variety of reasons. I wanted to get back into enterprise software and started to think about the things that either I had experienced as a pain point
Sramana Mitra: Where were you when you were doing this company? Praful Saklani: I was back in Minnesota. We were based in the Twin Cities. Our customer base was all over the country and the world. The company that bought us was actually based out of Ireland. Sramana Mitra: Before we go into the details