Why this cloud computing startup turned down 4 acquisition offers and continued bootstrapping

Grazed from StanfordBusiness. Author: Harshith Mallya.

Advances in cloud computing have brought in a technological revolution in recent years. Now, small and medium scale businesses don’t need to physically invest in infrastructure like servers and then worry about changes they need to make while scaling up, or even cutting back and scaling down during lean business cycles.

Cloud computing has also brought in a new era of business, with ventures that are being termed ‘born-in-cloud’ companies. Bengaluru-based Powerupcloud is one such company, and it has an interesting story. PowerupCloud initially started as a Cloud and Big Data consulting startup in June 2015. The founding team consists of Ankit Garg (COO), Ranjeeth Kuppala (CTO), Siva Surendira (CEO), Ram Kumar (Director-Engineering) and Arun Britto Lawrence (Director-Analytics)…

Like every startup in a competitive space, Powerupcloud faced multiple challenges from different fronts in their early days. The biggest struggle though was when the team was bad mouthed unfairly by one of their ex-employers, which prevented Powerupcloud from closing three massive deals. Siva noted that they had done everything right, both legally and ethically, but their ex-employer didn’t want them to rise because of the extremely competitive nature of the big data and cloud business…

Read more from the source @ https://yourstory.com/2016/08/powerupcloud/