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Gary Edwards

Dropbox Rolls Out Google Docs Competitor - Cloud Computing on CIO Today - 0 views

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    "eady a major player in enterprise file sharing and hosting, Dropbox is launching a public version of its new Paper service to make a name for itself among collaborative productivity suite providers such as Google Docs and Microsoft's Office 365. Paper, which has been available in beta since last year, is aiming to win converts from the big names in the space with a user interface that the company said makes collaboration between coworkers easier. The cloud-based platform will allow users to manage shared documents by assigning different tasks and deadlines to various collaborators. Making Collaboration Easier The service also includes a variety of features designed to make collaboration between team members easier, no matter where in the world they're located. A Paper app is coming to iOS and Android devices to enable users to work on documents even while offline. The Web interface, meanwhile, is currently available in 21 languages, an important feature for multi-lingual teams. These new capabilities join other recent additions such as presentation mode, a feature that turns documents into presentation slides and integration with Google Calendar to make it easier for teams to create and share notes. Paper has already reached early enterprise adopters such as InVision, Ben & Jerry's, Shopify, Campaign Monitor, Getaround and Patreon, according to Dropbox. But the company appears to be positioning Paper to steal market share away from Google Docs and Microsoft Office 365. New Business Plans Going head-to-head with such well-established players will likely be a tall order. To help make Paper more attractive to its enterprise clients, Dropbox is also making its file hosting environment more enterprise-friendly. The latest version of the Web interface, which was released in conjunction with Paper, is more streamlined and potentially easier to navigate. Dropbox has also introduced a new feature that allows users to see others on their teams who have viewed their s
Gary Edwards

Paper is Dropbox's new vision for how teams can work together - 0 views

  • Project managers can add to-do lists, complete with checkboxes and "@" mentions to the member of your team who needs to take care of the associated task. If coding is more your game, you can start typing lines of code right into Paper and it'll automatically format it appropriately. Beyond text, any file you store in your Dropbox can quickly be added to Paper -- if you grab the sharing URL of the file and paste it into Paper, the program automatically formats a preview for you. That way, you can peek at an Excel or PowerPoint file right in line with the rest of your Paper document, or click to see it in full or save to your Dropbox. Google Docs files are even supported here -- it's the first time Dropbox has really integrated with Docs and Drive, itself a competitor to Dropbox's main business.
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    " Six months ago, Dropbox quietly announced a collaborative note-taking tool called Notes and launched it in an invite-only beta test. But starting today, the product is being officially branded as Dropbox Paper and the beta test is expanding significantly. You'll still need an invite, but the company gave us a preview of what's probably the biggest addition to Dropbox in years. It's far too early to tell if Paper will be able to keep up with entrenched tools from Google, Microsoft and many others -- but there are definitely some interesting features here that make it worth keeping an eye on. For now, Paper is a web-only app that you can access through your Dropbox account, although the company says it'll have a mobile app ready to go when the product comes out of beta. At first glance, Paper's UI is reminiscent of the scores of minimalist, lightweight text-editing apps that have come out in the past few years, such as IA Writer. But while IA Writer and its ilk are designed for solo composition, Paper is all about working together. As in Google Docs, multiple users can edit a document at the same time. Each is designated by a colored cursor, and the user's full name is displayed in the margins, crediting their contributions to the file. From a text perspective, Paper is quite basic; there's only one font and three sizes available. You can do your basic bold, italics, underline and strikethrough formatting and format text into a block quote, but that's about it. Dropbox specifically said that the purpose of Paper was to keep the focus on sharing ideas rather than formatting. In particular, the company made it so that you can use its app to share pretty much anything, regardless of what tools you might be using."
Gary Edwards

5 ways Dropbox Paper could have an edge over Google Docs | PCWorld - 0 views

  • Comments: You can add comments to any part of a document by highlighting the relevant line of text. In the toolbar that pops up, click the speech bubble. Your comment will appear in the right margin. Add an @ mention to alert your colleague. Attribution: Paper displays an author’s name next to any text they contributed—even if the text is copy and pasted from another Paper document. Task lists: You an create lists of to-do items in any document by highlighting text and clicking the check-mark icon in the popup toolbar. Then put @ mentions next to each task to assign them.
  • The ability to track document changes is an essential feature in any collaboration tool. Paper makes it exceedingly simple. Just click the three-dot icon in the upper right of the document and you’ll be able to see all that document’s changes and who made them along with the comment history.
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    "Dropbox Paper, which was announced last October, is now in open beta. Given that the collaborative writing tool is going head-to-head with well-loved apps like Google Docs and Evernote, I couldn't wait to get an early look. Though Paper is clearly still a work in progress, I'm impressed with its simple design, thoughtful features, and especially its ease-of-use. Here are five features that are especially promising."
Gary Edwards

Founder: Majority of VC firms are talking 'complete hogwash' - Business Insider - 0 views

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    "Venture capital (VC) firms will go to great lengths to convince the most promising tech founders to accept their deals so they can get their hands on that all-important slice of equity. Some of them will offer introductions to important people in their network, while others will offer hardcore engineering support and a cool place to work. The very best advice, swanky dinners, and even the odd CEO retreat are also up for grabs if you sign a term sheet with us, they might say. But Vineet Jain, CEO and cofounder of cloud storage firm Egnyte, which has raised $62 million (£43 million), believes many VCs overpromise. Speaking to Business Insider by phone on Tuesday, Jain said: "Most VC firms say we give you more than money. That's complete hogwash." Egnyte, which competes with Box and Dropbox, has been backed by Google Ventures, the venture capital arm of Google, and Kleiner Perkins, a well-known Silicon Valley investor with billions at its disposal. Jain, whose company is based over the road from Google in Mountain View, was quick to say that Google Ventures is unlike many other venture capital companies. "They were instrumental to us," he said, adding that the firm helped Egnyte to improve its web user interface and assisted with the company's marketing efforts. Egnyte has also integrated its cloud storage platform - used by 15,000 companies - with Google's own cloud platform, Google Drive. Unlike Box and Dropbox, who have raised $558 million (£385 million) and $1.1 billion (£760 million) respectively, Egnyte is on target to be cash flow positive by the third quarter of this year. "I refused to have a free version of Egnyte," said Jain. "Look at where I am today.""
Gary Edwards

VC: Dropbox's recent moves show why big companies fail to innovate - Business Insider - 0 views

  • The stack fallacy Sharma first came up with the term "Stack Fallacy" in a blog post earlier this year. Soon the theory was picked up by Wall Street Journal columnist Christopher Mims and Andreessen Horowitz investor Steven Sinofsky. Sharma describes Stack Fallacy as "the mistaken belief that it is trivial to build the layer above yours." In plain English, there are many "stacks" of technology that sit between the foundational server and the end customer. So the server would be one stack, the network would be one, the database and app would each be one, and so forth. Sharma says that a lot of companies often overvalue their level of knowledge in their core business stack, and underestimate what it takes to build the technology that sits one stack above them.
  • For example, IBM saw Microsoft take over the more profitable software space that sits on top of its PCs. Oracle likes to think of Salesforce as an app that just sits on top of its database, but hasn't been able to overtake the cloud-software space they compete in. Google, despite all the search data it owns, hasn't been successful in the social-network space, failing to move up the stack in the consumer-web world. Ironically, the opposite is true when you move down the stack. Google has built a solid cloud-computing business, which is a stack below its search technology, and Apple's now building its own iPhone chips, one of the many lower stacks below its smartphone device.
  • Sharma argues that companies fail to move up the stack because they're too familiar with "the building blocks of the layer up," mistakenly believing they have it all figured out to create a better product. On the contrary, it's far easier to move down the stack because companies are already a customer of the lower stack product and understand what the customers want in that specific layer of technology.
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  • "The bottleneck for success often is not knowledge of the tools, but lack of understanding of the customer needs."
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    "Dropbox made a number of headline-grabbing moves over the past few weeks, but Storm Ventures partner Anshu Sharma's more concerned than impressed. He sees a company that's failing to figure out what customers truly need - falling for what he calls the "Stack Fallacy," a term he coined to describe how successful companies in one area often overvalue what they know and misjudge what they need to build next. "Companies fail when they take the 'what' for granted," Sharma told Business Insider, referring to companies that falsely believe that they already know "what" customers want. "
Gary Edwards

Egnyte takes a 'mobile-first' approach to cloud storage with new enterprise suite | CIO - 0 views

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    "Egnyte has been vying with the likes of Dropbox and Box for some time already in the cloud-storage arena, but on Tuesday it jumped on board the "mobile-first" train with a newly revamped version of its enterprise-focused app suite that's aimed squarely at mobile business users. State of the CIO 2015 More than 500 top IT leaders responded to our online survey to help us gauge the state of the READ NOW Now running on the Apple Watch and Windows tablets as well as Android, iOS and other Windows platforms, the new suite of apps is designed to let enterprise users on virtually any mobile device access, manage and share online and offline data from both cloud and on-premises storage. In addition to the expanded mobile-platform coverage, Egynte's new suite includes several new features, including the ability to organize files marked for offline access in a centralized view, thereby making it easier to coordinate offline and online content."
Gary Edwards

3 steps to digitizing your work for maximum productivity | CIO - 0 views

  • Why go digital?One advantage for businesses to ditch paper– and perhaps the single most important factor – is convenience. Digital data is both highly searchable, and is also easily transferrable. What’s more, the mature state of cloud services today means that you can expect the information you store online to be available across whatever devices you may own -- be it a smartphone, tablet, PC laptop, Mac computer – or even a Web browser at a cybercafé or hotel lobby when on a vacation.Digital documents are also clearly suited to data backup. Despite the calibration required to get things set up in a way that works for you, it’s infinitely easier to make a copy of digital data versus photocopying stacks of printed invoices or bills. And a growing list of cloud storage services (Dropbox and SugarSync, to name two) have taken document storage a step further by saving multiple versions of a doc so you can revert to earlier versions of a document if necessary.
  • Finally, digitization opens the door to greater levels of collaboration at work by making it easy to collaborate with coworkers on only the relevant data. On this front, an entire generation of online tools are available for a diverse range of tasks such as time tracking (Toggl), project management (Asana) and collaboration (Yammer) – of which all are captured digitally without printing out a single piece of paper.So how should you go about joining the digital document revolution? More like this 12 Evernote hacks and apps for power users 8 time-saving productivity hacks 20 uses for Evernote that you probably haven’t thought of yet on IDG Answers How to disable the Windows button on a Microsoft Surface tablet?
  • 1. Choose a digital notebook systemOne of the starting points for digitizing your business docs is to decide on a platform for filing away notes, ideas and documents. Not only does it serve a critical role as a virtually unlimited digital repository for filing important details, charts, audio clips or screen grabs, a good digital system will make it easy to organize and find the information when you need it.
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  • Microsoft OneNoteThe popular Microsoft OneNote allows you to enter rich text, images, media files or even drawings into fully searchable notebooks. OneNote works on a variety of platforms, including Windows PCs, Mac computers, Android and iOS devices, and even from a Web browser.The strength of OneNote is its support for freeform data, with complete freedom to align (or misalign) text and all supported objects. The latest version also adds Optical Character Recognition (OCR) for images, making it easy to search for specific words within new images, and adds support for Dropbox on top of Microsoft’s own OneDrive cloud storage service.
  • EvernoteEvernote is another popular, free, online note-taking service. It offers effectively unlimited storage, albeit with a monthly upload cap (which is much larger for users willing to shell for one of the two fairly inexpensive tiers). The advantage of Evernote is its support for an incredibly diverse list of platforms, which includes native support on the BlackBerry 10 smartphone, third-party clients for Linux, and even scanners with the capability to scan straight into Evernote.Notebooks can be shared among multiple users – including those without a paid account – while individual notes can be shared publicly with a unique URL. Evernote also saves multiple versions of a document, which ensures that any accidental edits can be undone. Finally, paid users get to work offline, and can utilize the service to conduct text searches through Office docs and PDFs, as well as stored in Evernote.
  • Other optionsFor those of us who keep a to-do list, Trello and Todoist are digital equivalents that can facilitate collaboration with colleagues. Google Keep captures notes, lists, photo and audio via supported Web browsers and mobile devices. Finally, there is the text-only SimpleNote, or even the Notes feature in Microsoft’s Office 365 or an on-premises Exchange Server deployment.
  • 3. Effortlessly digitize legacy dataHaving the tools and the capability to natively capture your notes, docs and the like in digital form is a good thing. But that doesn’t mean you’re going to stop receiving paper bills, invoices, statements, receipts, business cards, product brochures and other printed material.One of the best ways to minimize ink-on-paper collateral is to aggressively digitize all documents whenever possible. You have a variety of options. The easiest is to use a smartphone app such as Scanner Pro to quickly capture everything from business cards to paper printouts. Quality may vary, however, depending on such environmental factors as lighting and the quality of your smartphone’s camera.
  • A more robust alternative is to make use of an automatic sheet-fed scanner – such as the NeatConnect Wi-Fi scanner – to scan printed sheets straight to OneNote or Evernote. Portable scanners also exist, such as the battery-powered Doxie Go Wi-Fi and Doxie Flip. The former lets you scan wirelessly to an iPad or iPhone, while the latter is best described as a portable flatbed scanner that can be inverted to scan items that are fixed in place, or which are too thick to pass through a sheet-fed scanner.
  • Finally, the Fujitsu ScanSnap SV600 is a deskbound scanner that simplifies digitizing magazines and bound books. Items are placed face-up on its scanning mat. The scanning takes about three seconds to dump into a USB-connected computer. Any curvature in the pages is automatically smoothed out via software, resulting in a high quality capture.Depending on your needs, the ScanSnap SV600 could allow you to continue scribbling down your ideas and notes in a physical notebook, yet be able to quickly scan the physical pages into their digital notebook of choice at the end of each day.
  • Of course, this is just the tip of the iceberg when it comes to digitizing your work. There are hundreds of tools that exist to facilitate the full range of business activities and processes without ever having to involve a single printed sheet.
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    "From the earliest days as a marketing slogan, the elusive concept of the so-called paperless office may finally be taking shape, if anecdotal evidence is anything to go by. A growing number of small businesses and startups, unencumbered by legacy processes, are quietly ditching printouts for an all-digital ecosystem, buoyed by soaring BYOD ownership and growing familiarity with a plethora of cloud services. IT Resume Makeover: How to add flavor to a bland resume Don't count on your 'plain vanilla' resume to get you noticed - your resume needs a personal flavor to READ NOW Perhaps not-so-surprisingly, the driving factors are collaboration and productivity, as opposed to any ecological or "green" concerns. With this in mind, we take a look at the advantages of going digital, and outline how workers can embrace this new digital-first paradigm to collaborate more, do things faster and work more efficiently than ever."
Gary Edwards

A Top Silicon Valley V.C. Explains Why Slack Drives Him Crazy | Vanity Fair - 0 views

  • I’m an investor in a company called Quip. The idea is, if you take Microsoft Office—Word and Excel—and re-do that with modern mobile materials, what does that look like? Suddenly you get this document-construction tool that’s infused with real-time notification and touch-screen collaboration, and it feels much more alive than typing a Word document.
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    "John Lilly, a partner at Greylock Partners, invests in companies that zhuzh office productivity tools for today's mobile worker. He sits on the board of Quip (a more collaborative Microsoft Word) and Figma (an Adobe Photoshop for the sharing generation), among others. He also led Greylock's investment in Dropbox, along with its stakes in Tumblr, acquired by Yahoo in 2013, and Instagram, which Facebook bought in 2012. Before joining Greylock in 2011, Lilly was C.E.O. of Mozilla, the organization behind Firefox, the Web browser that quietly grabbed share from Microsoft's then-dominant Internet Explorer in the early 2000s. While Lilly is betting on a new generation of Microsoft antagonists, he explains why he isn't writing off the software giant, how new tools will change the way we work, and why he finds Slack so vexing."
Gary Edwards

Gigaom | 'Work Processing' and the decline of the (Wordish) Document - 0 views

  • Chat-centric work management, as typified by Slack-style work chat, is getting a tremendous surge in attention recently, and is the now dominant form of message-centric work technology, edging out follow-centric work media solutions (like Yammer, Jive, and IBM Connections).
  • Workforce communications — relying on a more top-down messaging approach for the mobile workforce — is enjoying a great surge in adoption, but is principally oriented toward the ‘hardwork’ done by workers in retail, manufacturing, transport, security, and construction, and away from the ‘softwork’ done by office workers. This class of tool is all about mobile messaging. (Note: we are planning a market narrative about this hot area.)
  • Today’s Special Advertisement Today, I saw that David Byttow’s Bold — a new work processing app — has entered a private beta, with features that line it up in direct competition with Google Docs and the others mentioned above. Bold raised a round of $1 million from Index Ventures in January 2016. Advertisement The competition is hotting up.
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  • Work Processing Will Be The New Normal Advertisement What I anticipate is the convergence on a work processing paradigm, with at least these features: Advertisement Work processing ‘docs’ will exist as online assemblages, and not as ‘files’. As a result they will be principally shared through links, access rights, or web publishing, and not as attachments, files, or PDFs, except when exported by necessity. Work processing apps will incorporate some metaphors from word processing like styling text, manipulating various sorts of lists, sections, headings, and so on. Work processing will continue the notions of sharing and co-editing from early pioneers (Google Docs in particular), like edit-oriented comments, sharing through access-control links, and so on. Work processing will lift ideas from work chat tools, such as bots, commands, and @mentions. Work processing will adopt some principles from task management, namely tasks and related metadata, which can be embedded within work processing content, added in comments or other annotations, or appended to ‘docs’ or doc elements by participants through work chat-style bot or chat communications.
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    "I've been exploring a growing list of web-based tools for the creation and management of what most would call 'documents' - assemblages of text, images, lists, embedded video, audio and other media - but which, are in fact, something quite different than the precursors, like Microsoft Word and Apple Pages documents. The big shift underlying these new tools is that they are not oriented around printing onto paper, or digital analogues of paper, like PDF. Instead, they take as a given that the creation, management, and sharing of these assemblages of information will take place nearly all the time online, and will be social at the core: coediting, commenting, and sharing are not afterthoughts grafted onto a 'work processing' architecture. As a result, I am referring to these tools - like the pioneering Google Docs, and newer entrants Dropbox Paper, Quip, Draft, and Notion - as 'work processing' tools. This gets across the idea that we aren't just pushing words onto paper through agency of word processing apps, we're capturing and sharing information that's critical to our increasingly digital businesses, to be accessed and leveraged in digital-first use cases. In a recent piece on Medium, Documents are the new Email, I made the case that old style 'documents' are declining as a percentage of overall work communications, with larger percentages shifting to chat, texting, and work media (enterprise social networks). And, like email, documents are increasingly disliked as a means to communicate. And I suggested that, over time, these older word processing documents - and the use cases that have built up around them - will decline. At the same time, I believe there is a great deal of promise in 'work processing' tools, which are based around web publishing, web notions of sharing and co-creation, and the allure of content-centric work management."
Gary Edwards

Gartner Shakes Up File Sync and Share - 0 views

  • Why Citrix Rules Citrix executes on basic EFSS functionalities, is HIPAA and FINRA compliant and provides a “single pane of glass” to view content from almost anywhere, including from repositories like Microsoft’s One Drive for Business, Dropbox, Box, Google Drive and others. It also shines in the Citrix ecosystem when integrated with Citrix XenMobile, Citrix Receiver and Citrix Desktop. Better yet, it’s practically a poster child for International compliance via its Restricted Storage Zones feature, which takes care of the concerns that European Enterprises have.
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    "he Enterprise File Synchronization and Sharing (EFSS) marketplace is ripe for disruption, but probably not via a huge technological breakthrough of some sort. EFSS options are maturing quickly and it's becoming quite commoditized. Consider that, according to Gartner, there are more than 140 vendors in the space - and that's too many. Sixteen of them meet the criteria for Gartner's Magic Quadrant (MQ) for EFSS. That's probably more than the market needs, but it's likely to be a problem that solves itself. Industry Consolidation Monica Basso, Charles Smulders and Jeffrey Mann, who researched and wrote the Gartner report, expect less than 10 percent of today's stand-alone EFSS offerings will exist by 2018. To be frank, not every vendor in the MQ wants to be classified as an EFSS player. Alastair Mitchell of Huddle has told me that he thinks of EFSS as an "albatross" and doesn't want his company to be known for "shuffling files back and forth." More on that in our next article. Gartner defines EFSS as a "range of on-premises or cloud-based capabilities that enables individuals to synchronize and share documents, photos, videos and files across mobile devices, such as smartphones, tablets and PCs." The analysts noted that "sharing" can take place between coworkers, suppliers, customers and others, mobile devices and as content exchange between apps. "Security and collaboration support are critical aspects for enterprises to adopt EFSS," they wrote. The Gartner analysts also wrote that beyond standard EFSS functionalities, the vendors they selected might offer additional features around mobility, security, administration and management, back-end server integration via connectors to corporate servers (for example, SharePoint) and cloud services, content manipulation, collaboration and more. Software EFSS products may or may not have one main repository. Some products integrate with existing third-party repositories that are deploy
Gary Edwards

This 26-Year Old Box.net Founder Is Raising $100 Million To Take On Giants Like Microsoft - 0 views

  • Within the enterprise, if you compare Box to something like IBM Filenet, or Microsoft SharePoint, you get almost a 10x improvement on productivity, speed, time to market for new products. So we saw an opportunity to create real innovation in that space and that's what got us excited
  • We think the market for enterprise collaboration will be much larger than the market for checking into locations on your phone."
  • What you saw with the suite product from Microsoft [Office 365], they're trying to bundle ERP, CRM, collaboration, e-mail, and communication all as one package.
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  • If you go to the average company in America, that's not what they've implemented. They've implemented Salesforce as their CRM, Google Apps for email -- a large number of them, in the millions -- they'll be thinking of Workday or NetSuite for their ERP.
  • best-of-breed aspect
  • social
  • Time is on his side -- and working against Oracle and Microsoft.
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    Good interview but i'm looking for ways to short Box.net.  I left lots of sticky notes and highlights on this page - all of which are under the Visual Document list since i didn't have a Cloud Productivity list going.  I spend quite a bit of time studying Box.net, DropBox and a ton of other early Cloud sync-share-store operations while doing research for the Sursen SurDocs product.  Also MS-Live/Office/SkyDrive and Google Docs Collaboration.  No one has a good bead on a Cloud Productivity Platform yet.  But Microsoft and Google clearly know what the game is.  They even have a plan on how to get there.  Box.net, on the other hand is totally clueless.  What are these investors thinking?
Gary Edwards

Wireless WeKast offers alternative solution to awkward laptop presentations - 0 views

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    "Whether presenter or presentee, many of us have sustained minutes of stinging silence as human and machine grapple to cooperate. Such is the cliche of pairing laptops with projectors for the purpose of narrating PowerPoint slides in a somewhat restless room. But a new, pocket-sized adapter may replace all those hassles with smart simplicity. The WeKast is designed to be plug and play, instantly casting presentations from a mobile device without the need of Wi-Fi, cables, or a laptop. Wireless HDMI cast devices have been out for a few years. We've seen the Apple TV and have reviewed Google's Chromecast, the Roku Streaming Stick, and Amazon's Fire TV Stick. Each are useful and powerful in their own right - at least when it concerns home media and entertainment. Although possible to use such devices for professional boardroom presentations, the process may end up more time-consuming and complicated than not. Unlike those other wireless adapters, WeKast is designed with the business market in mind. Simply plug WeKast into any HDMI or VGA port (e.g. TVs, projectors), connect a smartphone or tablet via mobile app (available for Android and iOS), and then select any presentation to start. Since WeKast provides its own Wi-Fi and doesn't require internet access, users won't need to worry about restricted, unreliable, or nonexistent wireless networks. The WeKast mobile app handles the launch and remote control of content to be presented. With smartphone in hand, users can more openly engage audiences than by leaning over a laptop. Files are meant to be uploaded onto mobile devices first, be it from a computer, Google Drive, or Dropbox account. No data is stored on the WeKast dongle itself, and communication is encrypted through a secure connection."
Gary Edwards

Salesforce Ventures now a VC powerhouse - Business Insider - 0 views

  • InsideSales.com CEO Dave Elkington
  • VC arm Salesforce Ventures,
  • “Making larger investments is the biggest change recently,” said Menlo Ventures’ managing director Matt Murphy, who invested in the same round for InsideSales when he was general partner at Kleiner Perkins. “They are definitely one of the most active and collaborative corporate VCs in the valley.”
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  • Even compared to some of the other corporate VC powerhouses, Salesforce’s investment seems pretty high. Intel Capital, historically one of the most active corporate VC firms, spent $134 million during the first six months of 2015, while Qualcomm states in its latest filings that it is committed to spending only $105 million to fund “certain strategic investments” in fiscal 2015.
  • Salesforce currently has over 130 companies under its venture portfolio, 31 of which came in the last four quarters. It states that its investments range from $200,000 to $50 million, with eight investments individually exceeding $10 million.
  • “Corporate VC arms’ sweet spot is usually $1 million to $5 million,” Menlo Ventures' Murphy said. “What’s more unusual is Salesforce leading rounds and its willingness to invest $10 to $50 million.”
  • “The whole goal of the program is to increase the cloud ecosystem and to deliver more solutions for our customers,” John Somorjai, EVP of corporate development & Salesforce Ventures said. “So we’re really careful on making sure we’re investing in companies that really help that cause, and not just the next great startup.”
  • That means investing mostly in subscription-as-a-service (SaaS) providers that help grow the Salesforce platform’s overall reach. Most of them are built on top of the Salesforce1 platform and are part of the AppExchange marketplace.
  • Some of the biggest names its invested in include Box (which went public this year and now worth around $2 billion), Docusign (whose last reported valuation was $3 billion), and Dropbox (reportedly last valued at $10 billion). In fact, according to CB Insights, Salesforce has the highest number of investments in companies worth over $1 billion, surpassing Google Ventures for the top spot this year.
  • Nick Mehta, CEO of Gainsight, a software that helps companies renew customer contracts, recently attended a two-day event hosted by Salesforce Ventures in Sausalito. There, he was able to meet over 100 SaaS company CEOs, all under Salesforce Ventures portfolio, and make connections that he was able to build upon for the long term.
  • Salesforce is sitting on top of $1.9 billion in cash,
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    "Considering Salesforce is sitting on top of $1.9 billion in cash, the amount they spent on venture capital is still pretty small. The $145 million cash they invested last quarter is only a fraction of the $731 million it generated in operating cash flow, too. But the fact that Salesforce is increasingly looking for ways to find the next future growth engine through these investments sends a positive sign to the market, Stifel's Rodericks says, especially as Salesforce becomes a more mature company. "They're sitting on a ton of money on their balance sheet, so to a certain degree, investors would like to see them make these strategic investments in companies around this space," Roderick said. And that could potentially lead to more acquisitions, he noted, as Salesforce Ventures has been more active on the buy side too lately. It acquired sales intelligence software RelateIQ for $390 million last year, after spending $2.5 billion on marketing software ExactTarget two years ago. "This certainly gives them more visibility in the companies that they might look at as partners or potential acquisitions down the road," he said. We should be able to get to find out more about it on Thursday, when Salesforce reports its second quarter earnings. Analyst estimates are pretty much in line with Salesforce's forecasts at $1.6 billion in revenue for an EPS of $0.18."
Gary Edwards

Facebook adds 36K Telenor employees to Facebook at Work as it gears up for global launc... - 0 views

  • Facebook at Work — the enterprise version of Facebook that lets businesses build their own secure social networks — has racked up over 60,000 companies on a waiting list while still in closed beta. And as it gears up for a full global launch and new features like an app platform later this year, Facebook is announcing its newest big customer. As of today, Telenor, the carrier based out of Norway with operations in some 13 countries covering 203 million people, is turning on Facebook for 36,000 employees globally.
  • New integration platform in the works with Quip, Box, And More Looking forward, Codorniou says that Facebook will be adding an increasing number of features to Facebook at Work after is launches out of beta later this year. This will include actually asking people to pay to use the product, which for now is still being offered to businesses free of charge.
  • Facebook at Work will continue to add features that give it parity with the core Facebook product — one notable example is the Work Chat app that Facebook released earlier this year, which essentially is a version of Messenger for those using Facebook at Work; another is the addition of Reactions, the “super-charged” Like button that was finally rolled out globally last week, which was also added to Facebook at Work at the same time.
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  • Facebook is already in discussions with Quip (the cloud-based word processing app co-founded by Facebook’s ex-CTO and in use by FB globally), as well as Dropbox and Box, and he also mentioned Microsoft’s Office 365 as another popular app Facebook would want to integrate.
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    "Facebook at Work - the enterprise version of Facebook that lets businesses build their own secure social networks - has racked up over 60,000 companies on a waiting list while still in closed beta. And as it gears up for a full global launch and new features like an app platform later this year, Facebook is announcing its newest big customer. As of today, Telenor, the carrier based out of Norway with operations in some 13 countries covering 203 million people, is turning on Facebook for 36,000 employees globally."
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