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Gary Edwards

Salesforce top sales guy Insidesales Dave Rudnitsky profile - Business Insider - 0 views

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    "In the engineer-glorifying culture of Silicon Valley, salespeople are often an overlooked breed. But there's a man who's quietly built his legacy by mastering the art of selling business software. Meet Dave Rudnitsky, senior VP of enterprise sales at Insidesales.com, a software startup that was last valued at roughly $1.5 billion. Although he started in finance, Rudnitsky soon made the jump to sales and carved out an incredible 30-year career, helping grow some of the most groundbreaking tech companies, including Oracle, Netscape, and Salesforce early on - even earning a separate chapter about his prolific sales skills in Salesforce CEO Marc Benioff's 2009 book, "Behind the Cloud." "If you're going to build the greatest product in the world, you're going to need the greatest engineers in the world. But if you can't execute on it, you're going to fail," Rudnitsky tells Business Insider. "And executing means selling." Finance to sales Rudnitsky first got into sales for a simple reason: money. In his first job out of college, with payroll software company ADP's finance team, Rudnitsky realized his peers in sales were getting paid a lot more than he was.  "At a minimum 3 times more," he recalls."
Gary Edwards

Social Wars: A New Hope - The BrainYard - InformationWeek - 0 views

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    Excellent commentary describing how the Enterprise 2.0 IT sales cycle differs from legacy - enterprise 1.0.  A must read for anyone in the software industry!!!! excerpt: If you think Enterprise 1.0 has been retiring gracefully, handing power over to Enterprise 2.0 in a bloodless succession, you haven't talked to a sufficient number of adequately liquored-up people in the trenches. Or you've been forgetting to take your Dilbert vitamins. To understand how individual battles are playing out in these early days of the war for the soul of capitalism, you need to look at the IT sales cycle, where much of the action is concentrated. Why is it important to look at the sales cycle? Because that's where the mix of privately believed and publicly paraded visions collide. It's where salespeople make the tough decision: whether to pander to customers' (or their own) delusions to close a sale, or make a sincere effort to work with prospects to discover the defensible truths, whether or not they help close the sale. The enterprise IT sales cycle used to have a certain leisurely, ritual-like quality to it. Vendors would slowly discover the organization through networking, build up good relationships with the purchasing and IT organizations, and get to know the middle managers of the organization they were targeting. They'd study the organization chart and figure out the best lines of access to the level at which the decision they wanted could be made. Usually, this meant senior executive: VP or higher.
Gary Edwards

First Round teaches startups to pitch VCs - Business Insider - 0 views

  • The questions become the plot points — the market potential, the technology advantage, the sales prowess — and the story of the startup starts to take shape.
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    "Pilarinos is one of dozens of startup founders who have graduated from a two-year-old boot camp run by First Round, a venture-capital firm that focuses on early-stage tech startups. The two- to six-week program drills its cadets in important lessons that are part Sales 101, part human psychology seminar, and part tutorials on practical tasks like creating slide decks. The goal is to help startup founders, who may have spent months or years engrossed in arcane product details, sell their vision to the people with the money. And in a funding environment in which the easy money has dried up, the CEO boot camp, known as Pitch Assist, could become increasingly critical as startups fight to secure more financing. Going straight for the jugular The coaches at the boot camp, who are basically First Round partners, don't pull any punches. On the first day, CEOs are put on the spot and made to answer the burning questions investors will have - especially the tough questions for which the CEOs might not yet have answers. "Some of the questions are the sort of holes in the business," First Round partner Bill Trenchard said. "No company is perfect. There's always a weak point in the architecture." First Round First Round normally does only seed rounds of fund-raising. Pitch Assist helps those companies go on to raise their next round. Young CEOs aren't used to talking about those holes. No one starts a sales call by going over their weaknesses. When pitching investors, however, those weak points have to be addressed head-on in the presentation. "If you try to play games or try to hide things, any reasonable investor will notice," Brett Berson, First Round's vice president of platform, said. "And once you've lost that credibility, there's no coming back from that." Berson estimates that it takes about two hours of work to go through each question, but after that startup founders can step back and see the overall picture. The questions become the plot points - the m
Gary Edwards

Startup Documents - 0 views

  • Sales Agreement When Y Combinator startups make their first sales, we provide them with a sales template to make the legal part easy. In 2015, Y Combinator open sourced its sales template for the benefit of all startups. The sales template here is specially tailored for software-as-a-service (SaaS) startups – i.e. companies who charge for cloud software on a subscription basis. You should consider YC’s template as a starting point and customize it to meet your needs. We’ve highlighted the areas that in our experience are most likely to vary startup to startup. Y Combinator Sales Template Agreement Special thanks to James Riley at Goodwin Proctor for helping us draft this. Needless to say, YC & Goodwin Procter do not assume any responsibility for any consequence of using these documents.
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    "SAFE FINANCING DOCUMENTS The safe (simple agreement for future equity) is intended to replace convertible notes in most cases, and we think it addresses many of the problems with convertible notes while preserving their flexibility. In addition to being simpler and clearer, we intend the safe to remain fair to both investors and founders.During its development the safe was positively reviewed by many of the top startup investors. We believe it's a positive evolution of the convertible note and hope the startup community finds it an easier way to accomplish the same goals. Features of a safe: Unlike a convertible note, a safe is not a debt instrument. Debt instruments have maturity dates, are typically subject to certain regulations, create the threat of insolvency, and can include security interests and sometimes subordination agreements, all of which can have unintended negative consequences for startups. Because the money invested in a startup via a safe is not a loan, it will not accrue interest. This is particularly beneficial for startups, but also better embodies the intention of investors, who never meant to be lenders in the first place. As a flexible, one-document security without numerous terms to negotiate, a safe should save startups and investors money in legal fees and reduce the time spent negotiating the terms of the investment. Startups and investors will usually only have to negotiate one item: the valuation cap. Because a safe has no expiration or maturity date, there should be no time or money spent dealing with extending maturity dates, revising interest rates or the like. A safe still allows for high resolution fundraising. Startups can close with investors as soon as both parties are ready, instead of trying to coordinate a single close with all investors simultaneously. There are four versions of safe, corresponding to the four types of convertible note: Safe Primer Safe: Cap, no Discount Safe: Discount, no Cap Safe: Cap
Gary Edwards

MSFT Stock: Here's Why the Bears Are Wrong on Microsoft Corporation (NASDAQ:MSFT) - 0 views

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    "One standout in the cloud business is the company's "Office 365" product suite. Nadella took the old Office suite, which charged users every couple of years for a licence, and moved it to the cloud, where users now pay a monthly fee instead. Microsoft hasn't given a revenue breakdown for Office 365, but in the latest quarter, Microsoft said that revenue grew 63% on a constant currency basis over the same time last year. It also now has 22.2 million subscribers, up from 20.6 million subscribers in the previous quarter. Bernstein analyst Mark Moerdler forecasts that the cloud version of Office 365 had annual sales trending to $6.5 billion in the most recent quarter. (Source: "Microsoft Office Shines in the Cloud, Azure Will Be Profitable, Says Bernstein," Barron's, April 8, 2016.) That's out of total commercial cloud revenue that Microsoft reported of $10.0 billion in annualized sales. (Source: Microsoft Corporation, op cit.) So Office 365 is growing like crazy, but that's not the only bright spot in Microsoft's cloud business. In the battle for cloud computing services, "Microsoft Azure" is second to Amazon.com, Inc.'s (NASDAQ:AMZN) "Amazon Web Services" (AWS). However, Microsoft is starting to gain. While Azure has about 10% of the market to AWS's 30%, Azure is becoming bigger and bigger and it's bound to erode Amazon's lead. In the latest quarter, Azure grew 120% on a constant currency basis, which is almost double AWS's growth. (Source: "How Microsoft's Azure Is Giving Stiff Competition to Amazon's AWS," Yahoo! Finance, April 8, 2016.) Again, Microsoft didn't break down revenue for Azure but according to Bernstein's Moerdler, Azure's annual sales run rate is about $1.8 billion. (Source: Barron's, op cit.)"
Gary Edwards

What happened in 2016 that nobody noticed - Bloomberg Technology - Medium - 0 views

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    "Vas Natarajan, partner at Accel: "I wonder if we'll look back at 2016 as the year Microsoft laid the tracks for a huge victory in the cloud wars. There's a major flank happening here in bits and pieces - and many of those pieces began to fit together this year: Office 365 becoming the de facto cloud productivity package for enterprise workers; The acquisition of LinkedIn as a foundational data asset for a pending assault in sales and marketing SaaS; Azure becoming a credible, cost effective IaaS/developer platform with meaningful enterprise sales/support/solutions; MSFT's accelerating support of open platforms & open source; Continued investment in the oft-dismissed .NET developer crowd with their Xamarin purchase; and Fervent, organizational-wide support of Satya and his vision for serving a mobile, cloud, data-enabled world. This doesn't even consider the massive incumbency advantages MSFT already has given their years of selling to the enterprise." "
Gary Edwards

Microsoft's phone business is in free fall - 0 views

  • Microsoft is also seeing some gains in its non-Windows related businesses, like Office, Azure and other cloud-based endeavors. Office revenue went up by 7 percent in the commercial sector and 6 percent in the consumer sector, thanks in part to growth in Office 365 adoption. Indeed, Office 365 itself experienced a huge growth, with a jump of 22.2 million consumer subscribers. Azure revenue grew by a whopping 120 percent.
  • In fact, CEO Satya Nadella's decision to push Microsoft's ambitions in the cloud may have saved the company from trouble ahead as it should be able to eke out a living for itself while other PC businesses flounder. For instance, Intel, which makes the bulk of its money with chips for PCs, is having to cut 11 percent of its workforce since the PC market is dying so rapidly.
  • The company also reported that Xbox Live monthly active users has grown by 26 percent year-over-year to 46 million people, and that search advertising revenue has gone up by 18 percent.
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    To no one's surprise, Microsoft isn't turning much of a profit from its phone business. According to its latest quarterly report, the company saw a dip of mobile revenue by as much as 46 percent. It sold 2.3 million Lumias over the past three months, which is a 73 percent drop from this time last year. Sadly, this is an ongoing trend; last quarter, it reported a phone sales drop by as much as 54 percent. Still, the company is making money. Revenue was $20.5 billion while net profit was $3.8 billion. Microsoft also saw growth from its Surface segment, which grew by $1.1 billion over the past three months. That's up 61 percent year-over-year. The company credited the surge in Surface sales to the Surface Pro 4 and the Surface Book, but there's no word in its report exactly how many of those tablet computers it sold. Windows OEM revenue dipped by only 2 percent, which outperforms the PC market.
Gary Edwards

Google To Challenge Amazon, Microsoft In Cloud Computing War - Forbes - 0 views

  • When Google scored a $400 million to $600 million deal to supply cloud services to Apple last week, according to multiple reports, it was widely viewed as a coup for the search giant’s cloud business. And why not? Apple, which has been relying mainly on Amazon Web Services as well as Microsoft’s Azure to run part of its iCloud and other services, is a marquee reference customer. It will get Google in the door of just about every big company–and, not incidentally, throw a little shade on its rivals. But the big win obscures a stark reality for Google’s Cloud Platform: At just $500 million in revenues according to Morgan Stanley estimates, it trails far behind AWS’s $7.9 billion reported revenues in 2015, and it’s even a distant third behind Azure’s $1.1 billion in estimated sales. Starting today, Mar. 23, Google will attempt to show how it aims to scramble into cloud contention at its first global cloud users conference, NEXT, in San Francisco. At the show, Google will trot out Diane Greene, the onetime co-founder and CEO of cloud pioneer VMware who now heads all of Google’s cloud and enterprise applications businesses. This will be Greene’s first significant public appearance since Google bought her company, Bebop, for $380 million last November. Customers and investors alike will be watching closely to see what strategy she lays out for the coming year and beyond. Google plans to introduce both a raft of new cloud features and updates as well as some significant new customers, according to various sources in the company. On the product front, there will be news about Google’s container technologies, which allow applications to run more efficiently across cloud servers using the same operating system without interfering with each other, David Aronchick, senior product manager for Google’s Container Engine, said Tuesday at a press briefing. “NEXT will be an opportunity to highlight all the traction we’ve gotten,” he said.
  • Also on the agenda are big-name customers such as Home Depot and Coca-Cola, as well as recent new customers such as Spotify. There also will be a speaker from Netflix, which uses Google Cloud only for backup storage, not its massive streaming video–which has some observers such as Morgan Stanley’s Brian Nowak wondering if that could be the next big cloud coup for Google. “One of our goals for 2016 is to show the enterprise we’re ready for them,” said Greg DeMichillie, a Google Cloud Platform director of product management. “Tomorrow we’ll be talking more about that.” More clues to Google’s plans will come from other leading lights scheduled to talk, such as Urs Hölzle, senior vice president of technical infrastructure, and Google Fellow Jeff Dean, who helped spearhead key cloud technologies such as the Big Data programming model MapReduce and the data storage system Bigtable as well as Google’s recent artificial intelligence breakthroughs. The latter is a key focus of its cloud offerings, given the huge role artificial intelligence has played in Google search, speech recognition, language translation, image recognition, and other products. In particular, Dean is expected to talk about the recently introduced Vision Application Programming Interface for other applications to tap.
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    "When Google scored a $400 million to $600 million deal to supply cloud services to Apple last week, according to multiple reports, it was widely viewed as a coup for the search giant's cloud business. And why not? Apple, which has been relying mainly on Amazon Web Services as well as Microsoft's Azure to run part of its iCloud and other services, is a marquee reference customer. It will get Google in the door of just about every big company-and, not incidentally, throw a little shade on its rivals. But the big win obscures a stark reality for Google's Cloud Platform: At just $500 million in revenues according to Morgan Stanley estimates, it trails far behind AWS's $7.9 billion reported revenues in 2015, and it's even a distant third behind Azure's $1.1 billion in estimated sales. Starting today, Mar. 23, Google will attempt to show how it aims to scramble into cloud contention at its first global cloud users conference, NEXT, in San Francisco. At the show, Google will trot out Diane Greene, the onetime co-founder and CEO of cloud pioneer VMware who now heads all of Google's cloud and enterprise applications businesses. This will be Greene's first significant public appearance since Google bought her company, Bebop, for $380 million last November. Customers and investors alike will be watching closely to see what strategy she lays out for the coming year and beyond. Google plans to introduce both a raft of new cloud features and updates as well as some significant new customers, according to various sources in the company. On the product front, there will be news about Google's container technologies, which allow applications to run more efficiently across cloud servers using the same operating system without interfering with each other, David Aronchick, senior product manager for Google's Container Engine, said Tuesday at a press briefing. "NEXT will be an opportunity to highlight all the traction we've gotten," he said."
Gary Edwards

The Office 365 Story: Is Microsoft leading the way for Cloud Office Applications? - 0 views

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    "Shortly after the start of the millennium, Microsoft stated a goal to be the go-to enterprise platform for the data center. Many in the industry scoffed at the idea that Microsoft could dominate in a market traditionally led by Unix. Today, there are few enterprises that don't have a significant investment in Microsoft servers and infrastructure. Five years ago Microsoft launched Office 365 and, right now, we're seeing a parallel in their move to lead the cloud office application sector. Office and the enterprise applications that support Office 365-Exchange, SharePoint and Skype for Business - have become ubiquitous in the market. In July this year, it was reported that Office 365 is used daily by over 70 million enterprise users. However, Microsoft hasn't achieved this success without challenges. In 2013, many industry pundits saw Google Apps for Enterprise as the heir apparent for cloud and productivity, but things have changed significantly in the last three years. Under Satya Nadella's leadership, Microsoft has rebranded to support its 'mobile-first, cloud- first' go-to-market. The move to support Office on the Apple and Google platforms has strengthened its position in the market. Following this success, their next ambition is to enable customers and partners to move to Office 365. Earlier this year, Microsoft launched a number of initiatives to help clients consume Office 365 licenses more effectively. One such program is geared towards securing the license base by motivating renewals and preventing-churn versus a completely new sale. Once a client activates and consumes the licenses on Office 365, they receive ongoing upgrades, renewals, and new features as part of an evergreen service. Employees experience the latest across all their devices. This compares favorably to the historical process of waiting every three to four years for the on-premises Enterprise Agreement to be signed and subsequent refresh of a laptop with a new office applica
Gary Edwards

Google's aggressive new bid to move ahead in the cloud | SiliconANGLE - 0 views

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    "When Google scored a $400 million to $600 million deal to supply cloud services to Apple Inc. last week, according to multiple reports, it was widely viewed as a coup for the search giant's cloud business. And why not? Apple, which has been relying mainly on Amazon Web Services as well as Microsoft Corp.'s Azure to run part of its iCloud and other services, is a marquee reference customer. It will get Google in the door of just about every big company-and, not incidentally, throw a little shade on its rivals. But the big win obscures a stark reality for Google's Cloud Platform: At just $500 million in revenues according to Morgan Stanley estimates, it trails far behind AWS's $7.9 billion reported revenues in 2015, and it's even a distant third behind Azure's $1.1 billion in estimated sales. This week, Google will attempt to show how it aims to scramble into cloud contention at its first global cloud users conference, NEXT, starting Wednesday in San Francisco. At the show, Google will trot out Diane Greene, the onetime co-founder and CEO of cloud pioneer VMware who now heads all of Google's cloud and enterprise applications businesses. This will be Greene's first significant public appearance since Google bought her company, Bebop, for $380 million last November. Customers and investors alike will be watching closely to see what strategy she lays out for the coming year and beyond. Searching for a cloud coup Google plans to introduce both a raft of new cloud features and updates as well as some significant new customers, according to various sources in the company. On the product front, there will be news about Google's container technologies, which allow applications to run more efficiently across cloud servers using the same operating system without interfering with each other, David Aronchick, senior product manager for Google's Container Engine, said Tuesday at a press briefing. "NEXT will be an opportunity to highlight all the traction
Paul Merrell

Microsoft Pitches Technology That Can Read Facial Expressions at Political Rallies - 0 views

  • On the 21st floor of a high-rise hotel in Cleveland, in a room full of political operatives, Microsoft’s Research Division was advertising a technology that could read each facial expression in a massive crowd, analyze the emotions, and report back in real time. “You could use this at a Trump rally,” a sales representative told me. At both the Republican and Democratic conventions, Microsoft sponsored event spaces for the news outlet Politico. Politico, in turn, hosted a series of Microsoft-sponsored discussions about the use of data technology in political campaigns. And throughout Politico’s spaces in both Philadelphia and Cleveland, Microsoft advertised an array of products from “Microsoft Cognitive Services,” its artificial intelligence and cloud computing division. At one exhibit, titled “Realtime Crowd Insights,” a small camera scanned the room, while a monitor displayed the captured image. Every five seconds, a new image would appear with data annotated for each face — an assigned serial number, gender, estimated age, and any emotions detected in the facial expression. When I approached, the machine labeled me “b2ff” and correctly identified me as a 23-year-old male.
  • “Realtime Crowd Insights” is an Application Programming Interface (API), or a software tool that connects web applications to Microsoft’s cloud computing services. Through Microsoft’s emotional analysis API — a component of Realtime Crowd Insights — applications send an image to Microsoft’s servers. Microsoft’s servers then analyze the faces and return emotional profiles for each one. In a November blog post, Microsoft said that the emotional analysis could detect “anger, contempt, fear, disgust, happiness, neutral, sadness or surprise.” Microsoft’s sales representatives told me that political campaigns could use the technology to measure the emotional impact of different talking points — and political scientists could use it to study crowd response at rallies.
  • Facial recognition technology — the identification of faces by name — is already widely used in secret by law enforcement, sports stadiums, retail stores, and even churches, despite being of questionable legality. As early as 2002, facial recognition technology was used at the Super Bowl to cross-reference the 100,000 attendees to a database of the faces of known criminals. The technology is controversial enough that in 2013, Google tried to ban the use of facial recognition apps in its Google glass system. But “Realtime Crowd Insights” is not true facial recognition — it could not identify me by name, only as “b2ff.” It did, however, store enough data on each face that it could continuously identify it with the same serial number, even hours later. The display demonstrated that capability by distinguishing between the number of total faces it had seen, and the number of unique serial numbers. Photo: Alex Emmons
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  • Instead, “Realtime Crowd Insights” is an example of facial characterization technology — where computers analyze faces without necessarily identifying them. Facial characterization has many positive applications — it has been tested in the classroom, as a tool for spotting struggling students, and Microsoft has boasted that the tool will even help blind people read the faces around them. But facial characterization can also be used to assemble and store large profiles of information on individuals, even anonymously.
  • Alvaro Bedoya, a professor at Georgetown Law School and expert on privacy and facial recognition, has hailed that code of conduct as evidence that Microsoft is trying to do the right thing. But he pointed out that it leaves a number of questions unanswered — as illustrated in Cleveland and Philadelphia. “It’s interesting that the app being shown at the convention ‘remembered’ the faces of the people who walked by. That would seem to suggest that their faces were being stored and processed without the consent that Microsoft’s policy requires,” Bedoya said. “You have to wonder: What happened to the face templates of the people who walked by that booth? Were they deleted? Or are they still in the system?” Microsoft officials declined to comment on exactly what information is collected on each face and what data is retained or stored, instead referring me to their privacy policy, which does not address the question. Bedoya also pointed out that Microsoft’s marketing did not seem to match the consent policy. “It’s difficult to envision how companies will obtain consent from people in large crowds or rallies.”
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    But nobody is saying that the output of this technology can't be combined with the output of facial recognition technology to let them monitor you individually AND track your emotions. Fortunately, others are fighting back with knowledge and tech to block facial recognition. http://goo.gl/JMQM2W
Gary Edwards

Google Extends Program Incentivizing Microsoft Office 365 Defections - Page: 1 | CRN - 0 views

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    "Google on Tuesday extended the duration and scope of an aggressive program meant to lure customers to Google Apps from rival cloud-based office productivity products, primarily Microsoft Office 365. The subsidiary of Alphabet introduced in October the incentive, which allowed midsize businesses locked in contracts with other vendors to use Google Apps at no cost until those contracts expired. The offer officially ended April 14. But pleased with its success, Google decided to maintain the incentive until the end of 2016, while also making it easier for smaller companies to qualify, wrote Neil Delaney, sales director for Google Apps for Work, in a company blog."
Gary Edwards

Gigaom | WebRTC is a Natural Fit for the Enterprise - 0 views

  • Up until today, communications took place in a separate logical and often times even physical network. Be it cellular, wireline or VoIP service, these get built in its own private network or virtual LAN within the enterprise. And the interfaces built into these products in one of two ways: communication-based, which is hard to handle (think SIP or Megaco as an API layer for IT developers); or on some proprietary API that is hard to interface and integrate with. Advertisement WebRTC changes all that. It not only makes VoIP more accessible as a technology, but it almost forces developers to think with standard web protocols on how to use and deploy it. As an example, it gets your CRM vendor build his own contact center, many times with players such as Twilio who offer their own WebRTC SDK. Advertisement
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    "Here's something funny. While most complain that WebRTC isn't suitable for the enterprise, it is probably the next best thing happening to enterprises. And it is all because we're in the midst of a digital transformation. WebRTC is a five-year-old technology, so it is rather new to the scene. At its core, WebRTC enables adding real-time voice and video communications to any website without the need to download a thing. Need to get a customer on a quick support call? Just send him a URL. The naysayers dismiss WebRTC because it still isn't available on Safari or Internet Explorer. While that is true, it is changing. Support already exist in the new Microsoft Edge browser with reassuring rumors about Apple and Safari's plans towards WebRTC. Ubiquitous WebRTC support everywhere is on the horizon. Which brings me to enterprises. Enterprises today are going through a digital transformation. In each and every vertical, businesses are being redefined by having the information that runs through the enterprise turned into digital assets that are then used to drive business processes and analytics. This takes shape in many different ways: enabling customers to use self-service channels instead of using human operated contact centers, using big data and data lake projects to deduce insights and personalize services, streamlining sales processes through marketing automation, etc."
Gary Edwards

The Mind of Marc Andreessen - The New Yorker - 0 views

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    An amazing article about Marc Andressen and his a16z VC firm on Sand Hill Road. Covers the entire story and provides a great insight into how Silicon Valley and VC industry work. It's long, but nevertheless a must read. Very enjoyable! " At his firm, Andreessen Horowitz, the venture capitalist routinely lays out "what will happen in the next ten, twenty, thirty years." CREDIT PHOTOGRAPH BY JOE PUGLIESE On a bright October morning, Suhail Doshi drove to Silicon Valley in his parents' Honda Civic, carrying a laptop with a twelve-slide presentation that was surely worth at least fifty million dollars. Doshi, the twenty-six-year-old C.E.O. of a data-analytics startup called Mixpanel, had come from San Francisco to Sand Hill Road in Menlo Park, where many of the world's most prestigious venture-capital firms cluster, to pitch Andreessen Horowitz, the road's newest and most unusual firm. Inside the offices, he stood at the head of a massive beechwood conference table to address the firm's deal team and its seven general partners-the men who venture the money, take a seat on the board, and fire the entrepreneur if things go wrong. Marc Andreessen, the firm's co-founder, fixed his gaze on Doshi as he disinfected his germless hands with a sanitizing wipe. Andreessen is forty-three years old and six feet five inches tall, with a cranium so large, bald, and oblong that you can't help but think of words like "jumbo" and "Grade A." Two decades ago, he was the animating spirit of Netscape, the Web browser that launched the Internet boom. In many respects, he is the quintessential Silicon Valley venture capitalist: an imposing, fortyish, long-celebrated white man. (Forbes's Midas List of the top hundred V.C.s includes just five women.) But, whereas most V.C.s maintain a casual-Friday vibe, Andreessen seethes with beliefs. He's an evangelist for the church of technology, afire to reorder life as we know it. He believes that tech products will soon
Gary Edwards

How ProsperWorks, a CRM App, is Helping Google Best Microsoft 365 - 0 views

  • "We integrate directly into the tools that people use to communicate with their customers," CEO and founder John Lee told CMSWire. There are numerous advantages to this approach: no training, the elimination of duplicate data entering and fresh data that is more accurate. The app provides an extension that sits within Gmail, he explained. Then, when a potential lead contacts the sales rep, he or she can search for the prospect's name throughout the organization. "If anyone else was contacted by 'John Smith' at the organization, the rep is able to see that correspondence. She doesn’t have to hunt for information." That feature alone, Lee said, saves a huge amount of time usually spent doing preliminary customer research.
  • Familiar Interface A feature called Chrome extension for Gmail illustrates ProsperWorks larger MO or approach to the CRM space. It was specifically created to help employees work smarter and faster by automating mundane tasks, intelligently organizing customer data and prompting sales actions all within Google's familiar interface, Lee said.
  • Google has been incrementally making its workplace products more and more functional — all, it seems, with one goal in mind. It would like to eat Microsoft Office 365's lunch. When it first launched Google Apps (now called Google for Work), the best feature was the cost. The products were free to use, although there was little in the way of service or advanced business functionality. But that's been changing. More companies are piggybacking on Google for Work's foundation to launch their own products and, as these products mature, continue to invest and expand them. One of the latest examples is ProsperWorks, the developer of Simple CRM for Google Apps. 
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    "Google has been incrementally making its workplace products more and more functional - all, it seems, with one goal in mind. It would like to eat Microsoft Office 365's lunch. When it first launched Google Apps (now called Google for Work), the best feature was the cost. The products were free to use, although there was little in the way of service or advanced business functionality. But that's been changing. More companies are piggybacking on Google for Work's foundation to launch their own products and, as these products mature, continue to invest and expand them. One of the latest examples is ProsperWorks, the developer of Simple CRM for Google Apps.   "
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

Enterprise startups to bet on in 2016 - Business Insider Deutschland - 0 views

  • Docusign: replacing paper signaturesDocuSignDocuSign CEO Keith Krach. Company name: DocusignHeadquarters: San FranciscoFunding to date: $508.1 million in 14 rounds Anytime your company’s name becomes a verb, it means you’ve made it. That’s the case with Docusign, whose name is almost used as a verb in the digital-document area ("just Docusign it"). Docusign offers a simple and secure way to sign documents online, allowing businesses to approve transactions on the go. It's used across many different industries, from real estate and auto insurance to technology and travel services. Investors have been lining up to throw money at this company, investing almost $400 million in just the last two years.
  • Zuora is a cloud service that specializes in subscription billing.
  • Tenable offers something called "continuous threat monitoring"
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  • Slack took Silicon Valley’s startup scene by storm, reaching a whopping $2.8 billion valuation in less than two years.
  • Its work-communication app isn’t just for messaging coworkers — it can do a lot of different things, from getting automatic Twitter notifications to calling a Lyft cab or looking up restaurants nearby.
  • Spark is a way to sift through massive amounts of data really fast. It can be used with a popular way to store all that data, Hadoop, but increasingly, Spark is being used on its own as an alternative to Hadoop.
  • Checkmarx helps software programmers check their apps for security holes.
  • Illumio is offers a security product that protects apps inside the data center even after a hacker breaks into the network.
  • MuleSoft offers technology that makes it easier for enterprise applications to talk to each other and share data.
  • Optimizely didn’t invent A/B testing, the standard technique in which two different versions of the same product are tested in the market — it just made it easier for everyone to do it.
  • Qualtrics offers a service for doing sophisticated online employee or customer surveys. The company has been on fire lately, raising all of its $220 million in venture funding over the past three years
  • Insidesales is making life easy for a lot of salespeople. It can predict the best time and person to contact before making a sales call, using machine-learning and data intelligence.
  • Tanium impressed Sinofsky because it detects when hackers are attacking as the hack is occurring, instead of what usually happens, finding out after-the-fact.
  • Blue Jeans is becoming a household name in the enterprise videoconferencing scene. It created a cloud service that lets different people on different online video services, like Google Hangouts and Skype, talk to each other. It also has its own browser-based service, and recently expanded to broadcasting services too.
  • Xamarin offers tools for writing enterprise mobile apps and has exploded in the past year.
  • CloudFlare is a web-performance and security company that serves as a “digital bouncer” for millions of websites around the world. Its technology filters the web traffic before it reaches its customers’ websites, and sends it on the most efficient route to help websites run faster. The company claims its service handles nearly 5% of all web traffic.
  • GainSight has won the respect of Silicon Valley investors by making a solution to help enterprises keep track of their customers — and help make sure they stay loyal. Customers like HP, Workday, and Adobe all use Gainsight to manage their customer contracts, helping divisions like product development, sales, and marketing all better understand just who's buying their stuff.
  • If you’ve ever used Uber before, chances are you’ve used Twilio’s service. Same goes for apps like Lyft, Airbnb, and Match.com. That's because these apps are plugging into Twilio’s service that helps provide communications features like text messages, phone calls, and video chat. So the Uber text message you get is powered by Twilio's service.
  • Bracket offers software that lets enterprises securely run apps and data on multiple clouds, with a minimum of management hassles.
  • Enterprises are racing to ditch their data centers and use more clouds and there are a lot of clouds to choose from. Some want to mix and match and Bracket helps them do it.
  • While he was an engineer at Facebook, Avinash Lakshman created Apache Cassandra, a "big data" database originally built to handle Facebook’s Inbox Search feature.
  • Lakshman went on to found Hedvig, which offers software that makes all of a company's computer-storage systems act like one really big, really fast hard disk.
  • open-source project called Kafka, which quickly became a popular technology used by many big internet companies: Yahoo, Spotify, Airbnb, and many others.
  • left LinkedIn to launch Confluent, which provides a commercial version of Kafka.
  • created some of Facebook's most popular data-analysis tools, Bobby Johnson and Lior Abraham. They are famous in the big-data world for creating the open-source tools Scribe and Haystack.
  • With this startup, their mission is to do for every enterprise what Facebook did for friendships: Analyze billions of events in seconds to bring you the relevant info.
  • Adaptive Insights is quickly rising through the ranks in the corporate-performance management (CPM) market, where software is used to improve budgeting, forecasting, and other financial activities. In a nutshell, it’s trying to replace a lot of the work Excel spreadsheets used to do in the past for finance people.
  • Twilio has become a top choice for developers looking to add communications features to their apps. More than 700,000 developers have used Twilio’s platform so far, the company says.
  • For small and midsize businesses that hire workers and contractors overseas, Payoneer solves a big problem. It lets them make and receive cross-border payments in other currencies. Payoneer has racked up a user base of millions of businesses and professionals in more than 200 countries, it says.
  • Stack Exchange, founded in 2008, has grown from its modest roots as a question-and-answer site for programmers into a network that provides expert help and advice to over 26 million programmers every month, at all skill levels.
  • SimilarWeb seemed to spring out of nowhere a couple of years ago to become a star in the web- and mobile-app-analysis world.
  • Mesosphere offers what it calls a Data Center Operating System (DCOS). It's a commercial version of an increasingly popular free and open-source project called Mesos that's used by developers.
  • AtScale is an engine that slips almost invisibly into Hadoop and then easily lets business managers use their favorite analysis tools like Excel,
  • Tableau Software, or Microstrategy with the data stored in Hadoop. 
  •  
    "The 2015 holiday season is upon us and the year is drawing to a close. Soon our thoughts will drift to our hopes and goals for 2016. For those who are dreaming of a new job at an up-and-coming young company, we've compiled this list to help. All of these companies specialize in making tech for work and business use, a $3.5 trillion worldwide market. All of them had spectacular years in 2015, by launching great new technology or getting a boatload of funding or landing big partnerships and generally setting themselves up for a successful 2016 and beyond."
Gary Edwards

SaaStr Slides: The Key Drivers for SaaS SuccessFor Entrepreneurs | For Entrepreneurs - 0 views

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    "SaaS/subscription businesses are much more complex than traditional businesses, and SaaS performance cannot be measured in the same way as traditional businesses are measured. Based on a talk given at the SaaStr Annual Conference in San Francisco, this slide deck offers a comprehensive and detailed look at the key metrics that are needed to understand and optimize a SaaS business, and how these can be used to drive SaaS success. This presentation includes information on: An intro to SaaS metrics Unit economics LTV and churn: An in-depth look Variable pricing axes Months to recover CAC The primary unit of growth: Sales Understanding public SaaS companies"
Gary Edwards

Ditch Your Office - & Watch Employee Productivity Soar - 0 views

  • Email Email generates a “push” interruption in your daily work. When people want something from you, they sends you email, which interrupt your flow of thought. In our company, we turned to alternatives to reduce email — options such as Basecamp, Asana and Slack. Now, when someone is contributing to and working on a project, instead of giving a “push” with email — which distracts the people from their work —they make a “pull” and retrieve information directly from the place where everyone is working together on the same project. Additionally, it encourages more collaboration. The problem with email is that all the information remains enclosed between the sender and receiver. The communication remains behind closed doors. When a new team member wants to join in on a project, they have to bother another person to catch up on the state of the job and learn the way the project is advancing, triggering another flow of email to catch the person up to speed. Now, that new team member can simply log onto the platform, Basecamp, for instance, search for the corresponding project, and find everything they need to begin working.
  • Meetings As shown in this infograph, $37 billion dollars are lost each year in the United States alone because of unnecessary meetings. Employees spend more than 60 hours per month in unproductive meetings (with half of those being considered by them to be a total waste of time). Who creates meetings? Yes, people who live from one meeting to the next —managers! Their agenda is full of meetings. This is due to the fact that they are not the ones doing the true work — the work that serves a purpose, which has value and adds up, the productive work. The ones who do the productive work are the programmers, designers, etc. They need to have a work schedule with no meetings for them to reach their maximum level of productivity.
  • Another reference point is this article by The Economist, where a study showed that a factory was able to save the equivalent of eliminating 200 jobs just by limiting meetings to a maximum of 30 minutes and 7 people per meeting.
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  • Embrace the Digital Workplace When you work without email, meetings (both by phone or physical) or bosses, you will go from having synchronous to asynchronous communication. What this means is that if someone needs something from you they will have to communicate strictly by text using the project management tool and when you finish your three to four hours of continuous work you will be able to answer the messages based on your time, without it being an interruption.
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    "Six years ago, we surveyed our employees with the goal of determining the optimal place for each of them to work in terms of maximum efficiency and productivity. What we quickly determined was that no one wanted to work in the office. Workers Can't Concentrate in the Office When asked to identify the best place to get work done - specifically work that requires maximum concentration and creativity, such as designing a web page, programming new functionality for software, developing a financial report or writing a sales proposal - not a single member of our 34-member team chose the office. Rather, they selected: An extra room at their home Their favorite coffee shop A train or airplane Our finding wasn't an anomaly. In a much larger study based on 2,600 interviews, FlexJobs concluded that 76 percent of workers prefer to avoid the office when they have important work to do."
Gary Edwards

Stacking up the cloud vendors: AWS vs. Microsoft Azure, IBM, Google, Oracle | ZDNet - 0 views

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    "It's not easy tracking the girth of public cloud providers amid run rates, as-a-service sales projections, and a lack of transparency. Here's how AWS stacks up against Microsoft Azure, IBM, Google, and Oracle." Good comparison with stats
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