Kovai is fully bootstrapped and has raised no outside funding
Saravana Kumar · Kovai $8.5m Revenue, India Bootstrapped, 3 Core SaaS Products · Aug 21, 2020 · at 12:45
Saravana Kumar is the founder and CEO of enterprise SaaS company Kovai.co, discussing the company's capital history with host Nathan Latka.
0:00 / 0:02exact quote · 2.9s
720p mp4 · rendered on demand · StarZero watermark
“No, it's fully bootstrapped. Yeah. We don't have any funding.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Saravana Kumar
Founders cannot build a bootstrapped software company in Western Europe
“You cannot build a product company, especially a bootstrap company from London or anywhere from Europe.”
Kumar: Founders should avoid flat organizations and build hierarchy quickly
“And don't build a flat structure. Because what typically happens is when you're in the early stages, like, you know, 10 people, 20 people, et cetera, you try to build a flat structure, right? Everybody reports to you. And it's fine. But once you start scaling,…”
Kumar: Building multiple $20M-$30M products is easier than one $100M business
“It's harder to build a single product, hundred million dollar business. Then, you know, like, it's fairly, comparatively easy to build, like, a 20, thirty million dollar businesses.”
Sourcing elite product developers in India is difficult despite massive talent pools
“I think in India, the challenge is the quantity is there. If you want, say for example, tomorrow you want 1000 developers, you can go to one of those TCS and Wipros and say, tomorrow I need a team of 1000 developers. It's not a problem. But if you wanted to ge…”
Indian software engineers value cash and bonuses over startup equity
“I think it would be very difficult to convince on a equity basis because, you know, it's a paper money for them, right? Like I think it's you will be better off paying them a good salary and maybe some kind of a bonus rather than explaining equity”