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