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Bootstrapping Using Services to $15 Million in Venture Capital: Gravitant CEO Mohammed Farooq (Part 4)

Posted on Thursday, Jul 3rd

Sramana: You talked about the work that you did for the State of Texas. What work did you do for IBM? Mohammed Farooq: We took the same model and replicated that with IBM for the State of Indiana. Indiana wanted the same thing and IBM needed help. IBM bought our services and the product that

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Bootstrapping Using Services to $15 Million in Venture Capital: Gravitant CEO Mohammed Farooq (Part 3)

Posted on Wednesday, Jul 2nd

Sramana: What did you do next? Mohammed Farooq: I decided to move back to Texas. My friends from the State of Texas Governor’s Office had called me back. They wanted to transform Texas technology due to health laws, so I took over as the CTO of Health and Human Services. I drove state wide transformations

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Bootstrapping Using Services to $15 Million in Venture Capital: Gravitant CEO Mohammed Farooq (Part 2)

Posted on Tuesday, Jul 1st

Sramana: What was your next career step after your successful project for the State of Texas? Mohammed Farooq: In 1999, a guy called Manoj Saxena started a company in Austin and I became his first employee. I joined them on a journey of entrepreneurship. When I was working for the State of Texas in the

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Bootstrapping Using Services to $15 Million in Venture Capital: Gravitant CEO Mohammed Farooq (Part 1)

Posted on Monday, Jun 30th

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  We continue to see exciting enterprise software companies being built by entrepreneurs who have roots in the consulting business and who have taken their domain knowledge and customer insights to develop compelling products to solve specific problems. Gravitant is yet another case in point. Sramana: Mohammed,

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Bootstrapping a Global Software Product Company Using Services From Denmark: Sitecore CEO Michael Seifert (Part 7)

Posted on Friday, Jun 27th

Sramana: How well has the company grown? Michael Seifert: We have roughly 10% of the global market share. Sramana: How does the market share split up? Who is number 1? Michael Seifert: There are many vendors in our market. I usually describe this as an oasis battlefield out there. The group at the top is

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Bootstrapping a Global Software Product Company Using Services From Denmark: Sitecore CEO Michael Seifert (Part 6)

Posted on Thursday, Jun 26th

Sramana: Could you give me an example of some of your customers? Michael Seifert: One of the better examples is one of Europe’s largest airlines, easyJet. When they went live on Sitecore a few years back, they had a huge launch strategy, which is normal for large enterprises. When you turn on the new site

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Bootstrapping a Global Software Product Company Using Services From Denmark: Sitecore CEO Michael Seifert (Part 5)

Posted on Wednesday, Jun 25th

Sramana: What is an example of a capability beyond building websites? Michael Seifert: You can say that once you start gathering information about website visitors, you start to learn a lot about them. Crafting personal emails is a natural extension from that. At that time, we started to explore email marketing, mobile technologies, and many

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Bootstrapping a Global Software Product Company Using Services From Denmark: Sitecore CEO Michael Seifert (Part 4)

Posted on Tuesday, Jun 24th

Sramana: You said Sitecore was profitable from the very beginning. How long did it take you to reach $1 million in revenue? Michael Seifert: I think we had about $500,000 our first year. We reached a million dollars the year after. Sramana: Was Sitecore a pure product company, with services left to the sister company?

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