Driver Smart Modular Technologies Flash Card

Together with SamsungвЂ™s Head of Application Engineering, Mukesh Patel, I proposed a new internal business to meet the requirement, but after several trips to Korea, SamsungвЂ™s management said, вЂњno thanks.вЂќ They saw the memory market as a high volume business poised for rapid growth and did not want to create and manage custom designed solutions within it. We would send them to other companies to design and manufacture the product, but they wanted a more integrated solution from a dedicated provider. I noticed customers kept asking for custom memory devices. Javier Rojas: How did Smart Modular get started?ДЄjay Shah: In 1989, I was director of marketing for SamsungвЂ™s memory business.

Through excellent execution and continued product expansion, he grew the business to $1 billion in revenues.

Identifying a customer problem that his employer, Samsung, did not want to address, he jumped into the market with existing customers and support from a large corporate partner.

Investors call these businesses вЂњexecution playsвЂќ because they require great execution instead of innovative technology.

Rather than rely on a technology breakthrough to create a large market, he created an innovative business model in a rapidly growing existing market: device memory systems.His success runs counter to the approach of most technology companies in Silicon Valley and provides valuable insights in todayвЂ™s technology market.

I have known Ajay Shah for more than 15 years. M&A Exit/IPO Return Multiple: Very High/Not Meaningful Figure M&A Exit/IPO Valuation: IPO valuation of $500 million $2 billion purchase by Solectron Communications companies comprise the bulk of the sales. It sells products directly and through independent sales representatives primarily to major OEMs that compete in computing, networking, communications, printer, storage, and industrial markets. Headquartered in Newark, Calif, Smart Modular Technologies was founded in 1988 and designs and manufactures dynamic random access memory, computer memory modules, solid state drives, compact Flash cards, flash-based storage, and embedded storage systems for original equipment manufacturers. I sat down with Ajay Shah, co-founder of Smart Modular Technologies, to learn how he bootstrapped his startup to create a billion-dollar revenues business in just 11 years with only $80,000 of initial capital. Some leading companies arrived at the top without taking early venture capital funding. Monday, AugConversation with Ajay Shah, Founder, Smart Modular Technologies Inc.

Driver Smart Modular Technologies Flash Card