JobNimbus Co-founder and CEO Ben Hodson is a serial entrepreneur with a long experience in bootstrapping and fundraising. He shared how he has navigated his journey with me in 2021. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born and raised? What kind of background
Sramana Mitra: How long did it take you to come up with a product? Manish Jethani: This is very interesting. We signed an agreement with one customer that if we deliver that product, they will pay us $50,000. Sramana Mitra: What kind of customer? Manish Jethani: This was the largest food-tech delivery company in India.
Sramana Mitra: When you launched this, how did you get it off the ground? The problem you’re describing is a very large problem and there are a lot of people working on this. Data, as you know, has become one of the biggest categories in which people are doing startups. The combination of data and
Sramana Mitra: You were doing a hosted product until recently. Francis Dinha: Yes. Even Bloomberg came to us. They said, “What about if we license your software? We pay you half a million dollars one time.” I said no. Our model is subscription. Google was our customer for three years. They used our self-hosted solution.
Sramana Mitra: What did you do next? Manish Jethani: It was a very comfortable role, but that comfort was making me uncomfortable. I was used to solving problems. I wanted to go back and do a startup again. Being well-positioned in a well-funded startup didn’t bring any additional challenge of sorts. I wanted to go
Sramana Mitra: What was the current problem that you could solve in 2005? Francis Dinha: One of my friends started a company in Dallas. They were trying to solve the problem of circumventing the firewall. They raised about $35 million. He said, “How are we going to solve this problem?” I got this technology that’s
Sramana Mitra: Why do you think the VC was calling you? What did he know about what you were doing? Manish Jethani: Some local newspaper caught the Facebook post in the group. They saw that we got 1,700 signups in four hours. She wrote a story around that. That got us a bit of media
Sramana Mitra: What did you do in your first venture? Francis Dinha: I gave Ericsson three months’ notice. I was going to build something related to switching while doing everything in software. That was my first venture where I made my first million dollars. Sramana Mitra: Who was the customer?