#SUMHK March 5: Transitioning from a Bootstrapped Niche to Venture Backed Success

Most startups want to raise capital, but what about what happens after you do? Unfortunately there are fewer guides and talks about what to do after you raised the money and have to transition to a venture backed success.
Hear about the exciting adventure of Telerik, a successful developer tools vendor, that started as a small niche player in the European backwaters. Learn how they raised venture capital from a prominent firm and grew from a tiny company working in a small warehouse to 500 employees with offices in seven countries. See how the founders had to learn on the fly, particularly when acquiring companies and entering new markets. Telerik has started the difficult process of transitioning from the start-up phase to building a “real” company eyeing an eventual IPO. Learn from all of our mistakes! The story will be told by Stephen Forte, Telerik’s Chief Strategy Officer and Richard Campbell, a member of the board. 

The meeting will be held at BootHK, 19/f, 231 Queen’s Road East at 7:30pm.
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Stephen Forte
Stephen Forte is the Chief Strategy Officer of the venture backed company, Telerik, a leading vendor of developer and team productivity tools. Involved in several startups, he was the co-founder of Triton Works, which was acquired by UBM (London: UBM.L) in 2010 and was the Chief Technology Officer and co-founder of Corzen, Inc., which was acquired by Wanted Technologies (TXV: WAN) in 2007. Prior to Corzen, Stephen served as the CTO of Zagat Survey in New York City (acquired by Google in 2011) and also was co-founder of the New York-based software consulting firm The Aurora Development Group. Stephen is also a Certified Scrum Professional, PMP, and also speaks regularly at industry conferences around the world. He has written several books on application and database development. Stephen has an MBA from the City University of New York. Stephen is also a board member of the Scrum Alliance. An avid mountain climber, Stephen leads a trek in the Mt. Everest region every fall to raise money for charity. Stephen lives in Hong Kong with his wife. @worksonmypc
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Richard Campbell
Richard Campbell has been involved with microcomputers and software since 1977. His career has spanned the industry both on the hardware and software sides, from manufacturing to sales, service, game development, line-of-business software and large scale systems. He’s been deeply involved in creating new businesses around software, hardware, services and products in a huge range of roles, including technical, management and financing. During the halcyon days of the DotComBoom he was a consultant to venture capital firms providing technical due diligence and architectural direction.Today Richard is on the board of directors for Telerik (www.telerik.com), a leading vendor of development, team productivity, automated testing tools, UI components and content management solutions in the Microsoft space. He is one of the co-founders of Strangeloop Networks (www.strangeloopnetworks.com), developing an appliance for web site performance. He’s a partner in PWOP Productions, creating a variety of multimedia programs including “.NET Rocks!, the Internet Audio Talk Show for .NET Developers,” (www.dotnetrocks.com) a podcast produced twice a week for more than 150,000 listeners in 120 countries.
@richcampbell

 

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