On Thursday Lasse Andresen, Co-Founder and CTO of ForgeRock visited Innovation House and shared his experiences with our TINC companies. Headquartered in San Francisco, ForgeRock delivers an open source identity stack for “securing anything, anywhere, on any device”. The company was founded in 2010 and is now counting 150 employees, with offices in San Francisco (USA), Vancouver (USA), Bristol (UK), Grenoble (France) and Oslo (Norway). Today they power businesses like Geico, Thomson Reuters, Salesforce and Norwegian Tax Administration (Skattedirektoratet).
“If you have a global product, GO GLOBAL!”, Mr. Andresen made clear. And the sooner, the better. “We wanted to go fast and global, and I realized we needed funding. Organic growth takes too long time!”
The ForgeRock logo is inspired by Kjerag, a famous Norwegian mountain near the company’s founding headquarters. Lasse encouraged the audience to keep their roots, and good people wherever they are. “Our American competitors fail in Europe. They don´t understand the culture. And investors value that we’re a true global company.”
Regarding funding strategies, the former CTO for Sun Central and Northern Europe had some good advice: “Pick an investor based on your strategy, long or short run. Do you want a quick exit? But don´t fall in love with one investor. Make them all fall in love - I´ve kissed a lot of frogs!”
“Why didn´t you just get funded in Norway?”, the audience asked. Lasse laughed a little, and replied: “Norwegian investors weren´t interested. Because we didn’t do anything with salmon or oil.” When it comes to location of the company, you don´t necessarily have to have all activities in Silicon Valley. “We have looked for places where people like to live, and where there are good universities. But we are still headquartered in San Francisco.”