Sramana: How did you take your initial courses to market? How did you access customers? Scott Skinger: In 2002 I was building courses. Before I could get a course to market, I ran up close to $120,000 in credit card debt. Sramana: Whoa! What were you doing with $120,000 of credit card debt? Scott Skinger:
Sramana: How long did you continue in your certification teaching job? Scott Skinger: I worked at Computer Learning Center until it went out of business in 2001. I was still working as a network administrator. I moved on to work at an independent school as a technical instructor. I started working with more diverse curriculum,
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Scott Skinger is the founder and CEO of TrainSignal, a Chicago-based company that makes computer training for IT professionals. Founded in 2002, it has grown to exceed $7 million in revenue after being bootstrapped on personal credit cards. Prior to founding TrainSignal, he was the president
Sramana: You are still quite young and you are managing people who are a lot older than you. How does that dynamic play out here? Jaspreet Singh: I have found that I have to constantly evolve. When I got funded I asked a VC how long I should be CEO of the company. He told
Sramana: Did you have members of your board with you in the US helping you build your team? Jaspreet Singh: None of my founders of board members were in the US. I was alone and I struggled hiring my first team. In the Bay area getting a team together is a struggle. In India getting
Sramana: As a first time entrepreneur this is your first time heading up an enterprise software company. What has been your personal evolution and education from this process? Jaspreet Singh: I have learned a lot. I still remember the day that Milind asked me to join him as an engineer in his startup. I talked
Sramana: Financing in India has become a little bit easier. One of our 1M/1M companies managed to raise their first million from a VC. We worked with them during the bootstrapped phase. Our advice was to get to the point where they had paying customers. They sell to small businesses, so it’s not like they
Sramana: How big is endpoint backup and recovery in the commercial space? Jaspreet Singh: It is a $650 million market, according Gartner. It is growing 10% year on year. The largest shareholder is HP, which has $250 million in revenue, but their product is 13 years old and has declining revenue. The market was ripe