Ten years ago about this time I terminated my early retirement to get back to the startup world to work on my vision of a code-free application development platform.
A year later Caspio Bridge 1.0 hit the market. It was a modest start, but we had built a Microsoft Access equivalent for the web. Initially the backend was an Oracle database and the middle tier was in Visual Basic. But the front-end was the most sophisticated AJAX user interface anywhere.
The first release of Caspio Bridge went live in 2001. Since then we have kept improving the platform by adding capabilities that our customers have asked us to add. We have certified the platform in several ways including PCI certification that Microsoft Azure lacks, and have made it perhaps the most robust platform for building web applications available anywhere.
Today we power over 300,000 apps for companies as large as Fortune-500 conglomerates to small one-person shops, universities, government agencies and non-profits in the US and over 40 other countries. Caspio is the de facto standard in the online news category where over 80% of the largest American newspaper websites use Caspio to build community applications, publish government and local data and to accept citizen submissions and feedbacks.
I contribute our accomplishments to mainly two factors. First is perseverance. Caspio survived two economic downturns and initially slow customer adoption, but we persevered. In our guts we knew this is the future, it’s just that we are early. The second factor is that we never raised any external financing. To date Caspio is free from Venture Capital investment. We don’t even lease equipment. Our operation is entirely funded by our own revenues. We have no “run-way” that is about to end. This gives us the freedom to do what we must do, and that is serving our customers. Some of the competitors who raised VC funding are no longer around, because when going got tough, VC’s backed out and the company was shut down.
Caspio is now stronger than ever before. We feel that we’re just warming up. The world has begun to notice and understand the concept of Cloud Computing. Companies of all sizes realize that they need to establish their own cloud strategy. It’s exciting times for Caspio which has been working on this vision for 10 years.