Sramana Mitra has aptly named the title of her recent forbes column “The Smartest Unknown Indian Entrepreneur”.
Who is it? It can only be Sridhar Vembu, founder and CEO of AdventNet, the company behind recently launched productivity suite Zoho.
The article by Sramana is an eye opener. The way Sridhar has managed to aggressively grow his bootstrapped-mode startup is inspirational.
Here are the quotes from Sramana’s column:
Vembu has stretched this virtue to extreme limits, and added layers and layers of creativity upon it. The result? A 100%, bootstrapped, $40-million-a-year revenue business that sends $1 million to the bank every month in profits.
And how does he send $1 million monthly to the bank?
“We hire young professionals whom others disregard,” Vembu says. “We don’t look at colleges, degrees or grades. Not everyone in India comes from a socio-economic background to get the opportunity to go to a top-ranking engineering school, but many are really smart regardless.
“We even go to poor high schools, and hire those kids who are bright but are not going to college due to pressure to start making money right away,” Vembu continues. “They need to support their families. We train them, and in nine months, they produce at the level of college grads. Their resumes are not as marketable, but I tell you, these kids can code just as well as the rest. Often, better.”
Hats off to Mr. Sridhar Vembu !