Manish discusses his various experiences with customer validation in great depth, as well as his journey from being a hard-core developer geek to a successful entrepreneur CEO who has raised multiple rounds of venture capital from top firms including Sequoia Capital.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
>>>Sramana Mitra: When did you reach some level of cruising altitude? What year would that be?
Dheeraj Pandey: We were still the fastest to half-billion in 2015. Along the way, there were jitters. There’s always turbulence. In 2015, there was turbulence when the Intel issue came up. They had a massive number of bugs on the server. They started to put more stuff in their folder. The Intel processor had an immense issue on the server-side.
>>>Sramana Mitra: What was the size of your Blumberg Capital round? What milestones were you able to achieve with that?
Dheeraj Pandey: It was a million and a half. Word spread out that three Aster Data people had started a company. Lightspeed came within 10 months and we raised a $10 million round and converted the safe. We were trying to use our skills to try and build a distributed system story around one of the favorite movements at that time – virtualization.
>>>Sramana Mitra: Going from a techie to an entrepreneur, I presume you did a lot of founder-led selling. What was that transition like?
Dheeraj Pandey: One is just humanism. Business is about people. You have to connect with people. Difficult words like negotiation – if you replace this with building trust, it’s much easier. People want to give you a chance if you are authentic. At the same time, this idea of not overpromising but underpromising and overdelivering. That’s the way we built trust.
>>>Sramana Mitra: When you decided to start Nutanix, what was your understanding of the problem that you were going to go after? Did you have a clear vision of the problem you were going to solve?
Dheeraj Pandey: We had an idea based on our skillsets and passion for distributed systems. If you look at my pattern over those 10 years, I was just building distributed systems. Reliability, availability, serviceability – all these were etched into my fabric. I was like, “Let’s figure out a way to bring this out through an idea.”
>>>Inspiring story of a passionate technical founder who has built one of the iconic fast growth Unicorns in the tech industry.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
>>>Sramana Mitra: Besides the guy you brought in from Twitter, who else did you bring in as your key team member? How did you find them?
Manasi Vartak: I recruited through normal channels whether it was through Angel List or emailing people. I also started with a small set of contractors overseas. This was after I had some seed money. That gave us a good start. We still work with them.
Sramana Mitra: What kind of functions?
>>>Sramana Mitra: If you’re an MIT founder, I don’t think gender matters at all.
Manasi Vartak: Based on my experience, I would push back. It’s definitely different. I don’t think it’s terrible. MIT gives you a significant leg up. The other thing that was helping here was that it was an open-source tool that people were using. It wasn’t a question of building, it was more of getting people to pay for it.
Sramana Mitra: You have the product out there as an open-source tool.
>>>