Money Talks: Salesforce Ventures is bullish on cloud computing - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 73 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 68%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Salesforce Ventures has more than $5 billion of assets under management, and managing partner Alex Kayyal sees plenty more room for opportunities in cloud computing software.

Alex Kayyal speaks five languages: English, Greek, French, Spanish and Portuguese. He's also fluent in cloud software.

What is Salesforce Ventures' investing philosophy is and how has it evolved since the venture arm launched?There are three big evolutions that have occurred. No. 1 is the fact that we're investing globally. We started in the U.S. Actually, started San Francisco, where our roots were. And obviously we continue to love that ecosystem, but we saw an opportunity to invest in companies globally. That was a big"aha" moment for us. We now have boots on the ground in the U.S.

The second is a focus on building a great values based culture. We care a lot about companies that live and breathe their values. And we believe that's the best way to build a great company. It's not just to have a great product. It's not just a big market. Obviously, the financial metrics are important, but the sort of underpinning of all that is a company that has a great foundation.

Historically, the big concern around companies outside the U.S. was, how big of a company can you build? And is there a big path to being a company? Anaplan is a great example. That was a company that actually started in the U.K., then went public. And it was a great outcome. All of a sudden, you're seeing not only unicorns, but deca-corns that are European based companies.

The big news last week was Adobe’s $20 billion acquisition of Figma. What does that deal say about the current state of the market for exits?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 78. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines