
I got the chance to speak with Jeremy Hitchcock , CEO of Dyn Inc. on Friday about how Dyn Inc. was started and became the leader in their field today. Like many founders, Jeremy is passionate about this space and it really shone through in my chat with him.
Before getting into what Jeremy and I covered, let me just say that I have a passion for entrepreneurship and startups. After all, it’s one of the key reasons I became involved with this blog. It’s not often today that you come across a innovative company, such as Dyn Inc., that has been bootstrapped (more on that below). This should command a lot of respect from entrepreneurs, and I know it does from myself.
Dyn Inc. foundation goes back to 1998 when they had 50 users and…
Dyn Inc. started as a free service, based out of a college apartment. A couple guys with a big idea. That service, then operating as DynDNS.org, was a dynamic DNS service for a home user to host a website on their home computer or remote access back to their PC. Over time, as the user base grew and became more demanding, Dyn Inc. turned to a donation-based service in an effort to stay afloat and add complimentary services. Later, Dyn Inc. transitioned to a recurring revenue software-as-a-service (SaaS) model with a suite of IT services aimed at the home/SMB market.
From Dyn Inc. beginning, the company was effectively “bootstrapped” from user donations, building their business on sales and continued support from the community. In July 2003 Dyn incorporated and continues, to this day, to be an employee owned business.
Today – Dyn Inc. works with impressive companies such as; Twitter, Meetup, Zappos, CNBC, Warner Brothers Records, SquareSpace, 37Signals, and many more.
Jeremy continues to inspire, and interact with New Hampshire entrepreneurs and serves on the board of directors for Manchester Young Professionals Network (MYPN). He is a fantastic role model for what young entrepreneurs should look to in New Hampshire, and we wish Dyn Inc. and Jeremy continued success in 2010 and beyond!
Bootstrapped companies, in my opinion, really appreciate what it takes to drive their business. By not accepting money from venture capitalists, or Angel investors you are forced to focus on driving operations from sales and any user donations. Dyn Inc. is among top esteemed companies like 37Signals that have been raised using this method. We, as entrepreneurs, or even just New Hampshire residents, should respect the passion, drive, innovation it takes to do something such as this.
Please post any questions in the comments.
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