Medallia in Forbes: "Bootstrapped SaaS Gains Critical Mass"
Nice mention of Medallia on forbes.com:
Sramana Mitra argues in her Forbes.com article that it is a myth that SaaS businesses are too capital-intensive for bootstrapping. She then points to three companies that are succeeding. Medallia is one of the examples—yay!
Here are a few quotes:
Entrepreneurs are building significant Software-as-a-Service businesses without outside capital.
We agree...
I got into numerous arguments with people recently when I insisted that you can build sizable companies by bootstrapping (See "Why B-Schools Set Up Entrepreneurs To Fail"). Well, here are some Software-as-a-Service ventures that are steadily gaining critical mass. Many of them will create enormous fortunes for the entrepreneurs who founded them. I hope the stupid myth can be erased ASAP.
Bootstrapping forces you to do stuff that customers are willing to pay for. Being useful feels great. As to the "enormous fortune" part: at Medallia we are already rich—we control our own destiny and we create every day. Financial gain is proof of a job well done. And since everyone contributes, everyone benefits.
Read the full article, including a Medallia profile, here: http://bit.ly/cpvkol
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