My first company launched in 1999 and we were offering a SaaS document management in the cloud (we were called ASPs back then).  Their first company was called Traffic.com, which they sold in March  2007 to Navteq for $180 million (not too shabby).  I This is the final part of my series on Entrepreneurial DNA that was originally published on  VentureHacks .  OK, OK, it’s not really my final part.

the answer was “we are trying to build a community� also, “we can offer the tool as an ASP model to enterprise customers�, “we have a customer that uses the tool on his website� , “we feel that when we develop the next version with mobile capabilities it will really pick up� were some of the answers provided in a span of a 30 minute conversation. The entrepreneurs were clearly fatigued when they waked into my office. They had raised close to a $1,000,000 at a whopping valuation of close to $10,000,000.