Slideshow on the story of DataSync, from its inception to current operation.

1. The Story of DataSync

2. First,
The Story of DataSync...
Vetter Solutions was
launched as a sole
proprietorship in May 2004
 Offered Home PC
support, business network
support
 Served 100+ residential,
25+ business customers
 Ran out of the Vetters’
basement

5. Vetter Solutions, Inc.
Vetter Solutions was
Incorporated in July 2005
 Moved into full office
in Madison, SD
 Added network
management, web
development, IT Security
services
 Burned through
substantial cash
learning, growing

6. The ‘Capital Gap’
Nearly ran out of cash in
late 2006...
 Banks: No, more
revenue needed
 Investors: No way
 Vetter Solutions:
Starving!
The experience just
about took me out! The result...
...my character was
tested!

8. The new idea: DataSync
Customers needed a backup solution to
protect their data...
 We Believed online services had potential
 Began hosting customer backups,
applications
 Created management team/strategy
 Due to large potential, Board of Advisors
created (Rich/SDTBC put together team)

9. What did it mean?
Maybe we could host
services/software, pass
the savings on!
 VERY scalable model
 BUT, required
substantial capital
 So, we went on the
investor road show

10. Capital: Giant Vision
We needed to raise
$500,000 to get the idea
off the ground.
 2006: Rejected
 2007: Semi-finalist
 2008: Semi-finalist
 No capital raised
 Began to fear ‘gapping
out’ again!

11. Series A Offering
End of year 2008:
DataSync closes Series A
offering
 Used services of SBDC,
Enterprise Institute,
RAIN network, GOED
 Pitched all over the
region
 Funding came in within
15 days of running out of
cash

12. Rights Offering
October 2009: DataSync closes additional
$1 million in funding
 Follow on RAIN investment
 Individual local ANGEL investors
 Adds integration with Quickbooks,
distribution channels

13. DataSync Today
Growing software
company with an innovate
product!
 16 employees
 1000’s of users around
the world
 25+ partners
 A chance at an exit!

15. Lessons Learned
 Strong character is foundational
 Management is a learned skill, with
some intuition required
 Be Strategic
 Never stop learning - find mentors
 A few principles of management

16. And remember, balance is
IMPORTANT!

17. Mike Vetter
CEO - DataSync
mvetter@datasyncorp.com
twitter.com/intheexpanse
InTheExpanse.com