Subbu Rama, co-founder and CEO of Bitfusion, discusses early customer adoption following the startup's product launch.
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“Since we've released our product in just, like, you know, ah, three months, we basically have about half a dozen customers. Ah, customers range from, you know, ah, cloud service providers, ah, all the way up to, like, oil and gas companies like Shell.”
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More from Subbu Rama
PredictionNot checkable as stated
Rama: Bitfusion could match VMware's scale if executed correctly
“We think this could be as big as VMware, if we executed right in the next few years.”
Subbu RamaJun 13, 2016▶ 13:47Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
“No, we actually did that actually, because, you know, if you think about it, right, that, I think that's the right way to do it. The reason is, ah, you don't want one person to feel that, you know, ah, that person's putting more work, but like getting less equ…”
Subbu RamaJun 13, 2016▶ 5:22Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
Disclosure
Rama: Bitfusion co-founders skipped vesting schedules before raising capital
“Actually, in fact, when we initially signed the founders' agreement before we raised equity, ah, we didn't have an investing schedule.”
Subbu RamaJun 13, 2016▶ 6:58Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
AssertionNot checkable as stated
Rama: Hardware and infrastructure engineers generally earn $250K annually
“Everybody in our industry basically, you know, generally makes about close to a quarter million dollars a year.”
Subbu RamaJun 13, 2016▶ 3:52Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
Disclosure
Rama: Bitfusion raised its seed round using free YC SAFE templates
“We just went online, downloaded what Paul Graham had, printed it, didn't, you know, didn't have to spend any big money on lawyers.”
Subbu RamaJun 13, 2016▶ 8:25Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
AssertionNot checkable as stated
Rama: Bitfusion burns less than $100K in cash per month
“Less than a hundred K. Our budget is less than a hundred K.”
Subbu RamaJun 13, 2016▶ 11:19Shocked Subbu Wouldn't Accept my $10M Offer after Raising $1M This Year, EP 282: Subbu Rama
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