Benioff has explained he had a hard time convincing others in Silicon Valley that cloud computing was an important piece of tech's future in the late-1990s. Despite his experience at Oracle,
that he "had to go hat in hand, like I was a high tech beggar, down to Silicon Valley to raise some money" when launching Salesforce.in 1999, but none of it came from venture capital firms. "We raised it all privately through individuals," Benioff told TechCrunch. "I was lucky that I had some rich friends. If I didn't, I would not be able to get the company going.", as well as Halsey Minor, an entrepreneur who founded CNET, and entrepreneur Magdalena Yesil, an angel investor who became a founding board member at Salesforce., putting the company on its path to becoming a multi-billion dollar tech giant.
MakeIt Valuation thru the roof does not make sense even on PE ridiculous compared to Amazom for eg. Its a business that can easily be duplicated. This is one of those Silcon Valley plays shoved down ur throat by VC after paydays expect big corrections.
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