$27B for Slack: Bargain for Benioff | Ammirati on Innovation

2021-09-07

The Big Themes:• You've got great leaders at the top of the house: In both those companies you really understand innovation.• One of our venture companies: We sold a company to a publicly traded company that when that transaction happened, I got a lot of congratulations.• That ship has sailed: I also think though that speaks to another thing that we expected to happen when you plug into an organization – like in this case of Salesforce or Oracle.• Very fast moving dynamic: So we need to keep in m...

The Big Themes:
• You've got great leaders at the top of the house: In both those companies you really understand innovation.
• One of our venture companies: We sold a company to a publicly traded company that when that transaction happened, I got a lot of congratulations.
• That ship has sailed: I also think though that speaks to another thing that we expected to happen when you plug into an organization – like in this case of Salesforce or Oracle.
• Very fast moving dynamic: So we need to keep in mind not to get locked into an idea that will surely be obsolete in a matter of weeks or months.

The Big Quotes:
“But that doesn't mean that the $27 billion was a fair price. I think it probably was not unfortunately for the shareholders.”

“The game was how many times could you say synergy in a windowless conference room for 30 minutes?”

“I think in enterprise tech you're really seeing something of this happening now in Slack.”

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