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I would have loved to invest in Salesforce when I was active in venture. I didn't know the founder, Marc Benioff, well enough, and he didn't really rely on venture capital, but I remember the first time I met him and got to talk about Salesforce when they were still private. I thought, 'Damn, that is going to be a huge company.'
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I'm hard-pressed to think of companies that don't need venture capital that are going after big opportunities. I think, in almost all cases, if they're going after big opportunities, they are going to need to raise quite a bit of money.
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When you get big, there's a tendency to get caught up in process and bureaucracy.
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You don't see a lot of great companies built on easy problems to solve.
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I liked business. I found it fascinating.
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I would be amazed if Oracle does not buy NetSuite.
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If you stay very focused on customers and customer success, people pay attention to that - and in turn, they also want that same type of success.
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Workday is constantly looking into the future and, you know, building applications that stay modern and relevant.
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To really disrupt a big market, you have to look at the marketplace from a long-term perspective. You have to move very fast but knowing that disruptive solutions just take time to build.
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All you can worry about as CEO is making sure your company continues to build great products, deliver the revenue, and keep your customers happy.
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I'm not a stock expert by any means. Stocks go up; they go down.
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I have long been fond of comparing Workday strategy to the process of sending a rocket to the moon.
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We invest very heavily in the employees. We get the return, and the employee gets the return if they stay with us for a while. So, we focus on people that will commit to us for the long run.
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In a slower economy, companies look for more value. The cloud provides this. So does Big Data.
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I sit on the board of Cloudera, a big vantage point of big data.
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The enterprise cloud is a very secure cloud at this point.
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The best way to avoid bureaucracy is to have small teams who are empowered to make decisions and get their work done.
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I started to invest in very-early-stage companies where, even though I wasn't the founder, I could help shape the early strategy and culture.
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You can't replace luck and timing. With Workday, our timing was perfect. We started in 2005 right as cloud computing was beginning to take off.
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Oracle is not known for its high levels of customer satisfaction.
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We spend a lot of time looking at the things we like: Amazon, Google, Facebook.
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Success begets success in terms of customer deployments and having truly happy customers.
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There's nothing slowing down about the shift to the cloud. I don't see anything on the horizon that is changing that.
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Every time you see a new paradigm emerge, it's always new vendors that lead it. I can't think of one case where an incumbent led a paradigm shift.