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Building a Founding Team Financed Business from Omaha, Nebraska: InfoFree CEO Rakesh Gupta (Part 7)

Posted on Sunday, May 17th

Sramana Mitra: Internet marketing is your primary channel? Rakesh Gupta: Yes. Sramana Mitra: In terms of segments and where you found the most adoption, what segments are you seeing the maximum revenue from? Rakesh Gupta: After that initial journey into financial services and insurance, what we are finding is that we have a very broad

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Building a Founding Team Financed Business from Omaha, Nebraska: InfoFree CEO Rakesh Gupta (Part 6)

Posted on Saturday, May 16th

Sramana Mitra: In terms of customer acquisition, what customer base did you go after? There’s a bit of a subtlety in that question. Typically, in data services like yours, you tend to have richer data in one particular area or a few particular areas. What was that segmentation that you went with at the beginning?

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Building a Founding Team Financed Business from Omaha, Nebraska: InfoFree CEO Rakesh Gupta (Part 5)

Posted on Friday, May 15th

Sramana Mitra: Your thesis on it was that it had to be manually kept up to speed? Rakesh Gupta: No, not manually. It has to be efficiently collected but certainly not in the fashion of crowdsourcing. It’s about collecting it in the right way and verifying it independently. Sramana Mitra: So you verify it other

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Building a Founding Team Financed Business from Omaha, Nebraska: InfoFree CEO Rakesh Gupta (Part 4)

Posted on Thursday, May 14th

Sramana Mitra: What data were you collecting and what was the process of collecting that data? Rakesh Gupta: Any marketing activity in any company actually falls into three or four different kinds of marketing. One is, people using the phone to reach people. People are using email to reach people or people are doing door-to-door

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Building a Founding Team Financed Business from Omaha, Nebraska: InfoFree CEO Rakesh Gupta (Part 3)

Posted on Wednesday, May 13th

Sramana Mitra: Let’s go back to when you started this company. What did you do to get this off the ground? Rakesh Gupta: The first thing was to figure out, with some level of clarity, what space are you going to go after. As our dear friend in Omaha, Warren Buffett, always says, “There has

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Building a Founding Team Financed Business from Omaha, Nebraska: InfoFree CEO Rakesh Gupta (Part 2)

Posted on Tuesday, May 12th

Sramana Mitra: What happened to that company in the end? Rakesh Gupta: That company became part of a large corporation. It’s still part of Reed Elsevier. They still have whole group called Reed Travel Group (RTG). Sramana Mitra: How long did you stay at Reed? Rakesh Gupta: I was there for three years. Sramana Mitra:

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Building a Founding Team Financed Business from Omaha, Nebraska: InfoFree CEO Rakesh Gupta (Part 1)

Posted on Monday, May 11th

The InfoUSA founders sold their information service business and reconvened to build InfoFree, a next generation Data-as-a-Service business. The company is funded with $15 million of funding from the co-founders, especially Vin Gupta, founder of InfoUSA, and is in the $5M+ revenue range and is now looking to scale to the next level. Sramana Mitra:

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