Sramana Mitra’s next free online 1M/1M strategy roundtable for entrepreneurs will be held this Thursday, May 20, 2010, starting at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. IST. You can find more details and register here. We hope you will join us and let other entrepreneurs know!
SM: Let’s go over the terms of your transaction. I think that can be educational for a lot of people.
TM: It was basically a $100 million sale, and then Dave and Cam each reinvested in the business. >>>
As this week’s installment of Tech Stocks shows, the economic recovery continues across all sectors, from media to networking. Most important, jobs continue to be added. You can read all of this week’s posts by clicking on the full article. >>>
SM: Dave and Cam, what was going on in terms of your revenue ramp between 2000 and 2007?
CC: In 2000 we started off with no revenue. In 2001 we made $250,000 in revenue. In 2002 that jumped to $550,000. In 2003 we broke the million-dollar mark with $1.4 million, and that jumped to $4 million in 2004. >>>
Sridhar Vembu is the CEO of Zoho, which bootstrapped to over $50 million in annual revenue. Here is his review:
“In Vision India 2020, Sramana Mitra provides not a recipe for success, neither a roadmap to transform India. She does something far better than that: Sramana paints what could emerge out of India in the years to come. While 10 years is a very aggressive goal, I firmly believe that the vision she paints can be achieved within the span of a generation. We could see this turn into a reality within our lifespan! There are many things that we require to get there, and I agree with many of the concepts that Sramana describes in her book. For example, the concept of hiring for attitude and training for skill is something we’ve done since the beginning at Zoho. I have also said (repeatedly) that the only way to economic and social development is entrepreneurship and innovation, not governmental aid and intervention. In fact, the Convert chapter shares many similarities to what we are doing and building at Zoho, right down to our vision for Contextual Integration. I am sure there are many other entrepreneurs working on many of the other areas that Sramana highlights. We can slowly turn the vision into a reality. This is a book worth reading for inspiration of what can be, if we allow ourselves to believe in it.”
>>>
SM: Dave and Cam, when you initially started to sell, did you focus on a particular grade level or subject area?
DM: We started with grades 4, 6, 9, and 12. The subjects we focused on were math, reading, science, and social studies. Those grade levels and subject areas were chosen because of Ohio standards testing. We created all of the content for the specific grade levels ourselves and focused only on Ohio. >>>
Sramana Mitra’s next free online 1M/1M strategy roundtable for entrepreneurs will be held next Thursday, May 20, 2010, starting at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. IST. You can find more details and register here. Please join us and let other entrepreneurs know!