Interview: Sunil Maheshwari, CEO and Co-founder, Mango Technologies

Question: What has been your experience in bootstrapping your venture? Answer: It has been very challenging but very satisfying too! When you start a new venture, you need a very good and dedicated team to deliver your dreams and that's what as a team we have been doing for the past >2 years.  As an entrepreneur you always need to remember that CASH is always KING in business so always preserve it (wherever you can). We started with our own small money so always believed in this concept and kept our administrative and operational cost minimal or nil. When we started, we requested one of our friend to provide a plug n play office space with resources to work on our product in return for a small equity. The kind of continuous support we have got from them is very good and in your early days you can't have anything better than that. After completing our first year we got incubated at NSRCEL, IIMB, which gave us lot's of visibility, advisory inputs from NSRCEL, over and above a very healthy and productive working environment. Many people including you have helped us in our early days with a very small fraction of upfront money.  But at the same time we have picked the best brains in the industry in this domain and have spent money generously there, followed strict process within the company (which many startup companies ignore) but which is very important for our survival. 
Read more at: http://bangalore.citizenmatters.in/blogs/entrepreneur-s-corner/blog_posts/401-interview-sunil?utm_source=copy