If you haven’t already, please study our free Bootstrapping Course and Investor Introductions page. “My journey was as unexceptional as you can imagine,” says Rukkus Founder CEO Manick Bhan, in describing how he got to $1 million annual revenue rate in transactions before raising financing. He shared the whole story with me in 2021. Rukkus was acquired in 2018.
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. “My journey was as unexceptional as you can imagine,” says Rukkus Founder CEO Manick Bhan, in describing how he got to $1 million annual revenue rate in transactions before raising financing. He shared the whole story with me in 2021. Rukkus was acquired in 2018. Sramana
“My journey was as unexceptional as you can imagine,” says Rukkus CEO Manick Bhan, in describing how he got to $1 million annual revenue rate in transactions before raising financing. Read on for the whole story. Sramana Mitra: Let’s start by going back to your very beginnings. I want to hear about where you were
Sramana Mitra: How did you find your investors? Manick Bhan: Most of the investors that we were connected to came through our networks. Along the way, we went to various events. I don’t recommend going to all of the tech events, but sometimes, some of them are good. You know which ones are good because
Sramana Mitra: What happens next? Manick Bhan: We figured out how to rub these two stones together and kept building up this small fire. We were doing maybe $50,000 in sales a month and slowly growing. By the end of the year, we had hit $1 million ARR (Annual Revenue Rate). In that process, we
Sramana Mitra: Let’s get back to the specifics of how you did it. Now that you are in the market, you have figured out that you can get to a million dollar run rate. What was the reason why people were buying from you versus these other players? You had all kinds of hypothesis intellectualizing
Sramana Mitra: How did you get your MVP out? Before you got any seed funding, I take it that you had to get an MVP launched and get some customers going. Manick Bhan: Yes. Sramana Mitra: That’s how the industry works. There are exceptions. Usually, first-time entrepreneurs are not exceptions. I’m just trying to see
Manick Bhan: At a high level, the preparation included me learning how to code. I had spent about nine months on that. I spent a lot of time in my apartment staring at a blinking cursor on a black background. Every time I hit an error, I put that error into Google to figure out what