Practical Founders Podcast

#172: Why Long-Term Bootstrapping Still Works in Event Mgt. SaaS - Raju Patel


Listen Later

Raju Patel founded eShow over 25 years ago after building a speaker portal for a magazine company and realizing he had a repeatable software product. What began as a one-man shop in suburban Chicago evolved into a robust event-management platform serving associations that needed complex, multi-module functionality. His business grew steadily as he delivered registration, booth management, speaker portals, and onsite systems for demanding event teams.

Today eShow has 125 employees, more than 14 integrated modules, and supports hundreds of events each year for 300+ customers, including large association conferences with tens of thousands of attendees. The company has always been profitable, self-funded, and built through careful reinvestment, steady hiring, and deep product expansion. Raju rebuilt the platform multiple times, including a shift to a modern stack.

Still independent with over $10 million in revenues, Raju is now building a VP-level leadership team, exploring practical growth capital, and planning a hybrid event model that blends in-person and virtual experiences. His story highlights long-term passion, practical growth, and a deliberate shift from hands-on founder to capable CEO after decades in the game.

Key Takeaways

  • Deep Domain Focus – Serving the most complex association events created defensible differentiation.
  • Slow, Steady Compounding – Year-over-year growth came from incremental improvements, not big bet.
  • Passion Over Money – Raju built for love of the work, not an exit, which sustained him through decades of change.
  • Multiple Rewrites Needed – Long-term SaaS requires full platform rebuilds, and Raju completed two with a third underway on a modern stack.
  • Late-Stage Professionalization – Hiring VPs, defining ICPs, and strengthening leadership came only after passing the $10M threshold.

Quote from Raju Patel, founder of eShow

"Looking back after 20 years running this as a small business in software, think I would have figured out how to pull a little bit more money out. It would have given me a better peace of mind."

"I wouldn't have even known how to spend if I pulled a million out back then, it would have been wasted. I was very frugal and investing in my business every year."

"But now I could figure out how to spend a million dollars, on savings and other personal spending that would be meaningful. It would be liberating. I deserve it, so I'm going to spend a little bit more, not be frugal. I can be frugal in my business and in my personal life not be so frugal!"

Links

  • Raju Patel on LinkedIn
  • eShow on LinkedIn
  • eShow website

Podcast Sponsor – Full Scale

This podcast is sponsored by Full Scale, one of the fastest-growing software development companies in any region. Full Scale vets, employs, and supports over 300 professional developers, designers, and testers in the Philippines who can augment and extend your core dev team. Learn more at fullscale.io.

The Practical Founders Podcast

Tune into the Practical Founders Podcast for weekly in-depth interviews with founders who have built valuable software companies without big funding. Subscribe to the Practical Founders Podcast using your favorite podcast app or view on our YouTube channel.

Get the weekly Practical Founders newsletter and podcast updates at practicalfounders.com.

Practical Founders CEO Peer Groups

Be part of a committed and confidential group of practical founders creating valuable software companies without big VC funding. A Practical Founders Peer Group is a committed and confidential group of founders/CEOs who want to help you succeed on your terms. Each Practical Founders Peer Group is personally curated and moderated by Greg Head.

...more
View all episodesView all episodes
Download on the App Store

Practical Founders PodcastBy Greg Head

  • 5
  • 5
  • 5
  • 5
  • 5

5

26 ratings


More shows like Practical Founders Podcast

View all
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

537 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

175 Listeners

Acquired by Ben Gilbert and David Rosenthal

Acquired

4,631 Listeners

The Knowledge Project by Shane Parrish

The Knowledge Project

2,690 Listeners

Startups For the Rest of Us by Rob Walling

Startups For the Rest of Us

703 Listeners

The a16z Show by Andreessen Horowitz

The a16z Show

1,089 Listeners

The SaaS Podcast: Build, Launch & Scale Your SaaS by Omer Khan

The SaaS Podcast: Build, Launch & Scale Your SaaS

186 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

211 Listeners

Founders by David Senra

Founders

2,170 Listeners

My First Million by Hubspot Media

My First Million

2,653 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,554 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,927 Listeners

Moneywise by Hampton

Moneywise

659 Listeners

Prof G Markets by Vox Media Podcast Network

Prof G Markets

1,427 Listeners

David Senra by Scicomm Media

David Senra

134 Listeners