How Salesforce became Silicon Valley's best late-stage tech investor

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Salesforce reported a $2.2 billion gain in 2020 from strategic investments, after the IPOs of Snowflake and nCino.

— soared after going public. They produced a combined $1.7 billion in investment gains, accounting for 78% of Salesforce's total increase for the fiscal year that ended in January, according to the company's fourth-quarter report on Feb. 25.shares last year, after more than tripling its money from investing $100 million in the video chat company's 2019 IPO.

While Salesforce does sometimes compete with portfolio companies, it's better known for using its dominance in the sales software market to provide expanded distribution to the many business apps that need an audience. Salesforce benefits by offering its customers a wider assortment of cloud services, and start-ups win by getting meetings with potential clients who otherwise may never take their call.

He said he's roughly doubled the size of his investment team in the past two years to 15 people to keep up with the growing number of start-ups across the globe.

 

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levynews This guy smart enough. But. $CRM pulling back now . Just bought $210.97 yesterday. My guess it's $230 next week sure.

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