On Zoho, I want to clarify that we always were a product company, with product development based out of India from the beginning. We never followed the traditio

On Zoho, I want to clarify that we always were a product company, with product development based out of India from the beginning. We never followed the traditional offshore consulting model, which we felt would make it difficult to build products (PG has written about the difficulty transitioning from consulting to products). We started the company selling software to networking OEMs, 1996-present, I still do sales calls for this software, we are the leader in that niche (http://webnms.com http://webnms.com ). From that we expanded to build software that manages corporate networks, 2004-present, we are doing quite well in that market (http://manageengine.com http://manageengine.com ). The latest evolution is Zoho, 2005 - present, it is our most well known division, so the company changed its name to Zoho Corp this year (http://zohocorp.com http://zohocorp.com ). In silicon valley these would have been 3 different companies, with the first 2 "exiting" (mostly by being acquired). We preferred to keep building.