By Dennis
Chen
For the Northwest Asian Weekly
James Wong is a seasoned entrepreneur and founder of three successful
companies. He is presently the co-founder and CEO of Avidian Technologies,
the company that created Prophet, an easy-to-use CRM (customer-relationship
management) solution built inside Outlook.
Prior to Avidian, Wong was the co-founder and president of Foci Technologies,
which in February 2001 was acquired by Meritage Technologies Inc. Wong
was responsible for business strategy and operations, including sales
and marketing, business development, finance and investor relations.
He was a hands-on executive with more than 10 years of experience in
information technology, and served as the lead technical architect for
Foci. His clients have included Intel, Port of Seattle and Brown & Haley.
Prior to Foci, Wong was an analyst with the consulting firm Andersen,
where his clients included Solomon Smith Barney, Daiwa Bank and Sanwa
Bank.
Dennis Chen: What makes your company different or unique?
James Wong: I'm interested in building a great company. This time around,
it's not about maximizing profits or creating shareholder value. Those
things will come when you build an enduring company that adds real value
to society. The framework I'm using to build Avidian is taken directly
from Good to Great and Built to Last, both written by Jim Collins. As
our mission statement states, we are interested in building a great
company that is able to attract, develop, excite and retain exceptional
people. Another distinguishing factor is that our company is driven
by very simple yet powerful concepts. They are: passion for what we
do, seeking to be the best in the world at what we do and making an
evangelist out of every customer.
Chen: How did you get the idea to start Avidian?
Wong: When creating Avidian, I asked myself what I am passionate about.
I am very passionate about helping small businesses succeed. I have
been Exchange Server-certified for many years and was one of the first
companies to implement Outlook. Throughout the years, my clients kept
asking me, "Why can't Outlook do this or do that?" I kept
hoping that maybe Microsoft would get it right in the next version.
But after five years, they still didn't get it right. There are over
100 million Outlook users out there, and I know there are many out there
that wished it acted more like a true CRM application. Therefore, I
decided to create one.
Chen: You have picked very interesting names for your company and your
product. Why "Avidian" and "Prophet"?
Wong: I wanted a name that started with the letter A so that it would
come up first in an alphabetical listing, so I went and bought the biggest
dictionary I could find and looked through all of the "A"
section.
When I came across the word "avid," I liked the meaning but
not the sound. Then, as though by divine inspiration, I thought of Davidian,
which means "tribe of David." Thus, why not Avidian and become
a tribe of avid technologists? It's pronounceable, easy to spell, meaningful
and sounds good.
Chen: Did you know that was how Jeff Bezos picked out the name Amazon?
So what about Prophet?
Wong: I wanted something associated with the word Outlook, so I went
through much brainstorming. However, because they're trademarked, Outlook
Pro and Outlook Plus were not possible unless you wanted to get sued.
One night I was driving on I-405 South and began thinking about a product
name. Once again, almost by divine inspiration, I thought of "prophet,"
a messenger of God that sees the future and is never wrong. I thought
certainly "prophet" has more positive connotations then "oracle."
I also loved the fact that it sounds like "profit," which
is another positive word.
Chen: How did you start your last company?
Wong: With $638, plus over $35,000 in credit-card debt and lots of perseverance.
I started the company when I was 24 years old, and everyone thought
I was stupid. Many thought I was crazy for leaving such a nice job with
such a bright future. I was working for Andersen in New York and living
the good life at the time.
Chen: That's a lot of credit-card interest!
Wong: Yes, but fortunately we were able to pay it off in about a year.
I'm a believer of "If you put your mind to it, you can accomplish
anything."
Chen: Your last company was tailored for the dot-com era: web development
and e-commerce. How does your current company fit into the current economy?
What is your strategic vision?
Wong: Our product, Prophet, is perfectly fit for a down economy. We
are focused on increasing sales for our customers by helping them treat
their customers better and by allowing them to know their customers
more intimately.
It's very reasonably priced at $149 per license. Prophet adds value
by helping you to know and serve your customers better. We also provide
a process for helping professionals manage their sales process. We are
not about leading-edge technology, although we do use leading-edge technology,
including Microsoft's .NET. The solution is a business solution. We
are helping people leverage what they have -- Outlook -- and their understanding
of contact management and taking that framework to the next level and
making it a true CRM solution.
Chen: What are some features of Prophet?
Wong: When you use Prophet, unlike our competitors Act and Goldmine,
you only have to deal with one contact database, the one that is already
in your Outlook. Prophet also allows you to view all of the e-mails,
meetings and calendar information, and the to-do list, all on one screen
and one click of a mouse. Essentially, what we have been able to do
is make Outlook into a relational-contact management software by adding
an extensive sales pipeline and detail notes functionality into Outlook.
If you understand how to use Outlook, you'll know how to use Prophet.
Prophet can keep track of sales by type, stage, priority and source.
You can run sales reports for the next 30, 60, 90 days, show all deals
in the contract stage, initial meeting stage, etcetera. You can't do
any of this in Outlook right now. We also created relationships between
contacts. How many times have you had multiple contacts that work for
one company and thought, now why can't I have a company view? Prophet
does that.
Chen: Who would benefit most from Prophet?
Wong: Prophet is developed for professionals who interact with clients
and are interested in better managing those relationships. If you've
ever wanted to keep detailed notes from your dealings with any of the
contacts in your Outlook and want to manage your pipeline, then Prophet
might be a fit. Prophet was also designed for anyone who wants more
from Outlook.
Chen: What was your first business?
Wong: My father and I built a successful taxi business that he still
runs today. Essentially, we owned and operated a taxi fleet while I
attended college. It's a small business, but it was a great experience
in starting and running a business.
Chen: And Foci was your second business?
Wong: I call it a fairly successful company that took care of its clients
and made a little money in return. However, like many other high-tech
companies, we got caught up with the dot-com hype. So instead of being
content with growing our core business, which was consulting and custom
development, we went for the brass ring and spent a lot of our own money
trying to morph ourselves into a product company.
We did electronic business and custom development, we had expertise
with certain industries and we wanted to create a platform to help accelerate
brick-and-mortar companies to e-business. Unfortunately, we were focused
on building a management team and doing a lot of funding stuff, and
not keeping our eyes on our core business. Fortunately, we had good
people that kept the company moving forward while the owners were focused
on building the next business.
Then Meritage approached us and we started the acquisition discussions.
And the rest is history.
One of the lessons I learned is: Be content with your successes. If
you are itching to do something else, research it first. Talk to people
who are in that industry or have those experiences. You'll find that
successful people are usually quite happy to point you in the right
directions. I have numerous people I go to for advice on how to run
my business. If you have the time or make the time, join organizations.
You'll be pleasantly surprised by what you learn and the people you
meet.
Life is too short; live your dreams. Sitting 30 years in a large cubicle
is no way to live. Why not take the risk? We live in America, for God's
sake. You'll never go hungry.
When building a business, the core fundamentals will always be true:
Get the right people on the bus, know where you want to go and where
you don't want to go, watch your costs and make sure you're adding real
value that people are willing to pay for. Don't do something just for
the money.
If you do all of the above things, financial success will be sure to
follow.
For more information about Avidian, visit www.avidian.com.
Dennis Chen can be reached at scpnwan@nwlink.com.