Creative Bootstrapping To A 350 Million Dollar Exit: Nimsoft CEO Gary Read (Part 6)

SM: In 2004 when you merged the two companies, what was the revenue of the new entity?

GR: It was just shy of $3 million. >>>

1M/1M Strategy Roundtable For Entrepreneurs June 24, 2010

For entrepreneurs looking to discuss positioning, financing, and other aspects of a startup venture, Sramana Mitra will be holding a FREE online 1M/1M strategy roundtable on Thursday, June 24, 2010, starting at 8am PDT/11am EDT/8:30pm IST.  You can find more details and register here.  Please join us and let other entrepreneurs know!

Entrepreneur Journeys Book Review: Zest For Creation

 Here is a nice review of Sramana Mitra’s Innovation: Need Of The Hour, volume four of the Entrepreneur Journeys book series, by ForeWord Clarion Reviews:

“The time is now for ‘a system that rewards long-term, sustained effort in solving humanity’s biggest problems, not one driven by unbridled greed,’ Sramana Mitra writes in the fourth volume in her series on entrepreneurism. Her call to action asserts itself in the wake of the recent financial meltdown, and Mitra is resolute in her demand for increased innovation among entrepreneurs and ‘the value creator’s return to power.’ Despite a risk-averse economic environment, especially for venture capitalists, Mitra argues that the stranglehold on credit, equity investments, mergers, and other transactions that propel businesses is verging on hazardous because it ultimately squelches big ideas just when they are most needed.
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Creative Bootstrapping To A 350 Million Dollar Exit: Nimsoft CEO Gary Read (Part 5)

SM: What was going on in the marketplace at that time? Why was there doubt that additional network monitoring software would be needed?

GR: While customers had plenty of choices, many times those customers were not happy. The companies they were buying it from were not focused on customer satisfaction. >>>

Catching Up On Readings: A New Way Of Living Off The Land

The City of New York recently began financing classes on writing a business plan, marketing, and pitching that have been created for artists in an effort to help them earn a living through their art, not the day jobs that many of them have. With galleries throughout the United States, wildlife photographer Tom Mangelsen is ahead of the curve, although his journey was not without its challenges. Click on the full article to read Tom’s story in Entrepreneur Journeys Interviews, and the rest of the week’s posts. >>>

Creative Bootstrapping To A 350 Million Dollar Exit: Nimsoft CEO Gary Read (Part 4)

SM: What was your solution for European companies?

GR: It is very difficult for European companies to get established in the United States. The United States is such a large market, and European companies can spend such a large amount of money trying to get established without much success. >>>

Partner Events

The NYC Business Networking Group – June 22, 2010
Entrepreneur Commons Fredericton, Canada – June 23, 2010
Entrepreneur Commons El Salvador – June 23, 2010

The NYC Business Networking Group – June 22, 2010
Join members of The NYC Business Networking Group as we host our signature monthly Professional Pitch Party for business professionals.
WHEN:    Tuesday, June 22, 2010, at 6:30 p.m.
WHERE:  New York Life Offices: Graybar Building, 420 Lexington Ave, 15th Floor
COST:     $15 prepaid by noon on June 22 or $20/door
RSVP HERE 
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Creative Bootstrapping To A 350 Million Dollar Exit: Nimsoft CEO Gary Read (Part 3)

SM: So you were able to build a portfolio of skills by working as many different types of positions as you could?

GR: Yes. By 1997 I had worked for a couple of different companies and had learned how to do sales, marketing, and manage channel partners. I already had the technical and engineering aspects. That is also when I came to the United States. >>>