Mark Spencer recounted the history of Digium / Asterisk at a linux users group meeting recently.
Money was tight at Digium until one day a salesman from DeltaCom (a southeastern competitive local exchange carrier) walked in to sell Mark and Jim a T1. After understanding what Mark and Jim had built the salesman offered to help them out gratis. From that point on they started seeing a steady increase in sales, and ended the year with a profit. After living on a meager income for so long Mark was able to grow the business without dipping too deep into the profits.Â
I am a big fan of Asterisk, especially the much underappreciated IAX2 protocol. Mark’s journey has some lessons for Indian grassroots entrepreneurs such as myself.
- Make code. Didnt Mao say something like “First, build a strong base” ?
- Entrepreneurship is a journey. Not only should you be able to ride out periods of heavy work and low revenue, but also be able to enjoy it. If you grin and bear it, your heart is not in it.Â
- Do not look at VC funding as a way to get into “salaried mode”. It rarely works that way.
- There is room to innovate in the linux / embedded / server / 64-bit / multicore and networking areas. It is intriguing to see so many ads from startups advertising for “challenging” PHP/Joomla/Google SEMÂ jobs in the fledgeling social networking industry.
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