What happens when you take a couple of very seasoned co-founders, investment from some high-profile investors, and an uber-dominant existing vendor? Well, in Wasabi’s case, you get some pretty outlandish claims. But before we got on to that, let’s look at the who and what for Wasabi.
Wasabi is a cloud storage company founded by Jeff Flowers and David Friend. Those names might ring a bell, since they’ve started, built and sold five previous technology companies. Most recently they co-founded backup company Carbonite and previously founded Pilot Software.
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These two can’t seem to stop themselves, and for their latest idea, they’ve already raised a ton of cash—$8.5 million to date with key investors, including Bill Sahlman, Harvard Business School marketing prof and angel investor; Desh Deshpande, who donated $100 million to MIT for the Deshpande Center; Ron Skates, former CEO of Data General; Jeff Parker, founder of CCBN; and Howard Cox from Greylock Partners.
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