sridharvembu
Joined 19 years ago
Joined 19 years ago
We are bootstrapped like MailChimp, have never taken any venture capital, and we won't. We have focused on building what we call "the Operating System for Business", because we envision that all the business applications will come together. That's why we have so many engineers to build that vision. By the size of the engineering workforce, we are probably already bigger than Salesforce.
Our own 4000-employee organization relies on Zoho services to run our entire business. We hope to earn your trust some day!
The economy is now fully addicted to bubbles, and the start-up ecosystem is particularly affected. Withdrawal from this bubble-drug is going to be painful.
A couple of anecdotes about the last big tech bubble of 2000. At that time, there were 300+ optical networking companies in silicon valley. We had sold our network management software to about 150 of them. By 2003, only 2 were left standing. We survived because we had saved up some money for that eventuality, and we reinvented ourselves using those savings.
One painful bubble memory I have is the real estate lease that we had no option but to sign in 2000. We moved from San Jose to Pleasanton to escape the worst of the bubble-rents but even in Pleasanton, while the rent wasn't ruinous (about $20 per square foot per year), the landlord forced a 7 year lease on us. Still, the rents fell to about $10 per square foot per year by 2002, but we were stuck with the higher rent for 5 more years. Fortunately, the company was financially strong enough to withstand it but the episode taught us a lesson in bubble-planning and bubble-survival.
I am shocked that people are signing $50-100 a square foot per year leases for 10 year terms these days.
Our goal right now is to survive the present bubble, bigger in some ways than even the one in 2000. I tell our people that there is going to be a serious bust and we should aim to survive it first.
History is full of injustices. I don't see why the present generation of Indians should hold onto what happened to their grandparents generation. We don't need to suffer history now, we get to live in the present - that is the attitude I see in most people in India. That is why India is as peaceful as it is (we have to normalize whatever good or bad is happening to the population - "India" is not an aggregate in the same sense that, say, "Sweden" is an aggregate - so whatever happens in Sweden once a year would happen almost once a day in India, simply based on the relative population sizes).
Recently they stopped access to a whole bunch of CRM players to LinkedIn API. Only Salesforce and Microsoft Dynamics are allowed now.
http://www.zdnet.com/linkedout-crm-companies-squawk-over-lin...
(Disclosure: Zoho CRM was one of the affected products - we offered to pay for their API access but no dice)
I have come to believe over the years that interviewing measures interviewing skills. Test scores measure test taking skills. Success on the job requires success-on-the-job (to coin a phrase) skills. All those things correlate, but the correlation coefficient is not super high. In fact, ignoring those correlations can be an effective strategy to find great people.