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Shalin Madan

👤 Person
168 total appearances

Appearances Over Time

Podcast Appearances

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

Those are the types of people that we try to find, because I think that in this very volatile world that we live in, having your staff stick around is vitally important in terms of getting the job done.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

It's always been built to scale. One of the questions and criticisms that we got early on from venture capitalists was they didn't believe in scale. And to give you a sense of how our business has grown, we effectively saw 2,000% between the years 2020 and say call it mid-2022. And we increased our staff at that time tremendously as well. And that goes back to the point

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

It's always been built to scale. One of the questions and criticisms that we got early on from venture capitalists was they didn't believe in scale. And to give you a sense of how our business has grown, we effectively saw 2,000% between the years 2020 and say call it mid-2022. And we increased our staff at that time tremendously as well. And that goes back to the point

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

It's always been built to scale. One of the questions and criticisms that we got early on from venture capitalists was they didn't believe in scale. And to give you a sense of how our business has grown, we effectively saw 2,000% between the years 2020 and say call it mid-2022. And we increased our staff at that time tremendously as well. And that goes back to the point

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

Do you turn down business in order to basically pump your chest and call yourself a technology firm? Or do you take perhaps a more pragmatic approach and you take on business? Do you increase that, perhaps not look like what people think of a technology firm should look like, but then use that as your core foundation to build it?

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

Do you turn down business in order to basically pump your chest and call yourself a technology firm? Or do you take perhaps a more pragmatic approach and you take on business? Do you increase that, perhaps not look like what people think of a technology firm should look like, but then use that as your core foundation to build it?

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

Do you turn down business in order to basically pump your chest and call yourself a technology firm? Or do you take perhaps a more pragmatic approach and you take on business? Do you increase that, perhaps not look like what people think of a technology firm should look like, but then use that as your core foundation to build it?

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

So in other words, service expertise, tech team alongside, parlay the service expertise into the technology. And that's the approach that we took, partly by necessity, right? If you don't have outside funding, you have to fund your operations one way or another. It has always been our goal to scale.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

So in other words, service expertise, tech team alongside, parlay the service expertise into the technology. And that's the approach that we took, partly by necessity, right? If you don't have outside funding, you have to fund your operations one way or another. It has always been our goal to scale.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

So in other words, service expertise, tech team alongside, parlay the service expertise into the technology. And that's the approach that we took, partly by necessity, right? If you don't have outside funding, you have to fund your operations one way or another. It has always been our goal to scale.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

It's always been our goal to be the quote unquote Amazon of our business to offer services to the guy who has a $500,000 special purpose vehicle that he wants to invest in, say, SpaceX, or to service a multi-billion dollar business. That's always been our business model. And the only way we knew we would get to that point is through a technology solution. It's like building a house, right?

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

It's always been our goal to be the quote unquote Amazon of our business to offer services to the guy who has a $500,000 special purpose vehicle that he wants to invest in, say, SpaceX, or to service a multi-billion dollar business. That's always been our business model. And the only way we knew we would get to that point is through a technology solution. It's like building a house, right?

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

It's always been our goal to be the quote unquote Amazon of our business to offer services to the guy who has a $500,000 special purpose vehicle that he wants to invest in, say, SpaceX, or to service a multi-billion dollar business. That's always been our business model. And the only way we knew we would get to that point is through a technology solution. It's like building a house, right?

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

First, you build the foundation, you put the frame up, and then you start putting the bricks or whatever your siding is, and you build it. And that's exactly how we built this company. Again, not without turbulence. It's been a rather turbulent time, I would say, especially the last couple of years. But we've still, through that, been able to grow, thank God.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

First, you build the foundation, you put the frame up, and then you start putting the bricks or whatever your siding is, and you build it. And that's exactly how we built this company. Again, not without turbulence. It's been a rather turbulent time, I would say, especially the last couple of years. But we've still, through that, been able to grow, thank God.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

First, you build the foundation, you put the frame up, and then you start putting the bricks or whatever your siding is, and you build it. And that's exactly how we built this company. Again, not without turbulence. It's been a rather turbulent time, I would say, especially the last couple of years. But we've still, through that, been able to grow, thank God.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

I think that the introduction of a lot of the tools that we brought on with respect to the technology has allowed us to take on more business and make our existing staff much more efficient. I would just say from a personal standpoint, we live in an amazing time. Irrespective of what people think, it is really amazing to see what's happening. I'm bullish. I'm bullish for the future.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

I think that the introduction of a lot of the tools that we brought on with respect to the technology has allowed us to take on more business and make our existing staff much more efficient. I would just say from a personal standpoint, we live in an amazing time. Irrespective of what people think, it is really amazing to see what's happening. I'm bullish. I'm bullish for the future.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

I think that the introduction of a lot of the tools that we brought on with respect to the technology has allowed us to take on more business and make our existing staff much more efficient. I would just say from a personal standpoint, we live in an amazing time. Irrespective of what people think, it is really amazing to see what's happening. I'm bullish. I'm bullish for the future.

Code Story: Insights from Startup Tech Leaders
S9 E32: Shalin Madan, Formidium

I'm generally an optimist. I can see technology making our staff's lives better. Not having to say use Excel, which would have been to the memory, but a little technology in our business. That is, it's amazing to see our staff focusing their time on much more productive items because the technology is taking care of some of the things that made them less productive.