I had the honor of recently delivering the graduation speech for the graduates of The Lisbon MBA program at Catholic University of Portugal. Here goes the full transcript.
In 2001, the group of founders got together and added the last details to the OutSystems business plan. We wanted to solve a big problem: fix the IT productivity issue of delivering large Intranet (browser-based internal apps) and Extranet (customer and partner portals and APIs) systems. These projects were plagued with failure, delays and were constantly over budget. We also wanted to ride the one trend we knew would revolutionise enterprise IT: software systems running on hardware hosted outside the enterprise data center. In March 2001, OutSystems was born.
The core idea was to empower the enterprise developer community to develop applications that would run in Application Service Provider data centers. These applications would be created, changed and managed from a remote IDE and a web browser. In short, we went about creating a development platform and business operation that would be available as a service.
Portugal é um país pequeno com 10,5 milhões de residentes. O nosso Produto Nacional Bruto (PNB) é 13 vezes inferior ao da Alemanha e 64 vezes inferior ao dos Estados Unidos. A falta de dimensão significa que as startups portuguesas precisam de se expandir para outros países muito cedo na sua vida, basicamente desde a altura em que são criadas.