Sramana Mitra: So you have multiple technology stacks available as a service from your company for people looking for hosted Big Data platforms and you work with these platform vendors to offer them as a service.
Sramana Mitra: In terms 0f the complexity of the R&D, how much of that was predicated on being able to get the right technical talent? There’s definitely a truth – not just a myth – that it’s harder for self-financed companies to attract the top talent. Everybody’s looking at which VC is funding the company
John Keagy: I have to tell you a story about InReach internet. I ordered three phone lines into my apartment. One was the sales line, one was support, and one was the billing line. I was answering all three phones. I’d use a different voice on each of the phones to make it sound like
John Keagy: There’s a famous sociologist at my college called Harry Edwards. Harry Edwards was the first guy to say that professional athletes are not role models. Charles Barkley was the first professional athlete to implore kids, especially inter-city youths, to not see him as their role model. He said, “Don’t try to make your
Sramana Mitra: This is a behavior that we see in people who are playing with their own money as opposed to other people’s money. It can be easier to be very cavalier and generous with spending other people’s money. When it comes to your own money, you’re a lot more careful. John Keagy: Not just
Sramana Mitra: GoGrid is 100% financed by you? John Keagy: That’s right. Sramana Mitra: Tell us more about how you go about building GoGrid. What can people learn from your journey of building the company assuming that we’re taking the issue of financing off the table in this particular case because you have not raised
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. John spent $200,000 to get to his first million in 18 months with GoGrid. One year from that, the company got to $5 million. Today, they are at over $50 million in revenue run-rate, all organically grown. Read John’s insights on a tightly managed entrepreneurial journey.