You’ve launched your product and are now getting early customer traction. You might even be seeking capital to ramp up the sales team or invest heavily in customer acquisition. But how do you know it’s the right time to scale?Read More
No one can deny the positive impact email has had on the way we conduct business. From rapid communication to dramatic increases in efficiency, the list is endless with ways that email has helped companies expand into giant multinational corporations. Yet, something that will not appear on that list is security, or rather the lack thereof. Whether if it be an unintended attachment or a misguided email address, employees have the ability to completely cripple their company’s reputation with one click of a button. Here's a scary example:Read More
Last week I attended the Valuation Roundtable of San Francisco’s 26th Annual Seminar with keynote speaker Aswath Damodaran, Ph.D. Damodaran is a highly respected Professor of Finance at the Stern School of Business in New York University. During the event, Damodaran went over what I thought was the most interesting topic of the day - the myths around valuation. It was eye opening to see how many variables can affect a business valuation.Read More
Woody Rollins is the CFO of Eucalyptus Systems, which is the most widely spread cloud computing IaaS service. After years of painful experiences with different virtual data rooms, Woody reached his last straw when he needed to hire a temp to set up his previous data room - it was that difficult and time consuming to use. Woody recently switched to AppFolio SecureDocs and has been able to do everything on his own with little time and effort (and no need for additional employees) at a fraction of the cost.Read More
There are many options to consider when raising money for a business including debt financing. Debt financing is the act of borrowing money from an outside party with the agreement that you will pay the initial principal back with a negotiated level of interest. Don’t let the “d” word scare you, this type of financing is used for many businesses. There are some advantages and disadvantages to taking this funding route - the following list shows some pros and cons of debt financing.Read More
This interview is continued from the 4/11/12 blog post Interview With Entrepreneur Of The Year Klaus Schauser (Part 1) ...Read More
Klaus Schauser is the Chief Strategist and Founder at AppFolio, Inc. He also founded ExpertCity (now Citrix Online) and created GoToMeeting and GoToMyPC. Klaus is the recipient of the 2012 Entrepreneur of the Year award from the South Coast Business & Technology Awards and recipient of the UC Berkeley Computer Science Division’s 2012 Distinguished Alumni Award.
Your first founded company, ExpertCity (acquired by Citrix Online), produced GoToMeeting and GoToMyPC which presently generates over $400MM/year. What drove you to get back into founding a new business?
New companies are a lot of fun - creating awesome products that customers love is really exciting and I love building the team too. At AppFolio we are developing web-based business process management software for different vertical markets. There is a huge revolution that is happening now to deliver the next generation of software (Software as a Service, SaaS) and that’s why I’m doing it. I am having so much fun.
Before SaaS was available, companies going through mergers and acquisitions (M&A) would conduct their due diligence in a physical data room which would contain hundreds to thousands of documents needing review. A bidding party and their associates would need to be flown out to the data room location and enter the physically secured room to complete their document reviews. This process was, and still is, incredibly time consuming, costly, and environmentally unfriendly - it also greatly reduces the amount of potential buyers/investors that companies can present their documents to in a specific period of time.Read More
When presenting your business to potential investors for funding you will be asked many questions about your company, competitors, and industry that you should be confidently prepared for. In this post we will cover a few of the frequently asked questions that Venture Capitalists and Angel Investors ask while meeting with entrepreneurs.Read More