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Problem:
Philippe Kahn, founder of Borland Software, created Starfish
Software with two legacy Borland Products, twenty engineers and
an old office building. The goal was to re-create the energy and
spirit of the original Borland and to build a business with limited
cash.
Solution:
While the team of engineers began work on a new generation
of middle-ware and internet tools, Charlie Wallace, now Core Vice
President and Senior Partner, was brought on board to create a
distribution and retail channel from scratch. Charlie began by
creating partnerships with the two largest distributors in North
America and a four retail chains: CompUSA, Computer City, MicroWarehouse
and Fry’s Electronics. Leveraging his relationships with
the channel press, he had editorials in all the channel and computer
publications - all within a very limited budget.
Next, Charlie convinced InfoWorld Magazine that Starfish Software
deserved a place in their yearly “Demo World” presentation.
At Demo 96, Charlie wrote, produced and presented what was hailed
as the most powerful presentation of the year. Over 2000 members
of the press and venture capitol community rewarded Starfish with
a standing ovation and several offers of venture capitol –
all of which were refused by Mr. Kahn.
The event yielded more than 50 very favorable editorials in the
channel and business press and, by the end of 1996; sales of the
two updated products had gone from less than one million dollars
to nearly eighty million dollars in the first year.
Result:
This flow of revenue allowed Starfish to continue development
of their “TrueSync” line of middleware products which
were adopted by Palm, Microsoft and Motorola. Finally, in 1998,
the team led the sale of Starfish Software to Motorola Inc for
over $450 Million dollars. Motorola continues to operate Starfish
as a wholly owned subsidiary and their products are used across
hundreds of products and platforms.
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