What's 🔥 in Enterprise IT/VC #257
📖 Story time from Salesforce - how big can they get and how fast 📈?
As you know, I like reading the tea leaves and learning from investor day presentations and earnings transcripts from the leading enterprise software companies to get a glimpse of the future. Along those lines, one of the best storytellers in the business is Salesforce and their Investor Day 9 days ago did not disappoint.
In fact, investors ate this up as the stock shot up 8% the day after even though they only raised 2022 revenue guidance by 1%. Stories matter! So what is the big story from Salesforce?
The whole theme of the presentation is the New World. If you have time, take a look at the whole deck as it truly lays out the scale of opportunity on the IT spending side for all enterprise software companies. Also I encourage you to watch the Q&A with Bret Taylor, President & COO, who goes deeper and shares what’s ahead for the future.
We’re living in a New World and the opportunity is MASSIVE!
HOLY TAM 🤯
We’re still innovating at a ridiculous pace!
Insanely fast growth for a company of this size…
Finally, I would argue that Salesforce has done this better than any public company out there.
As always, 🙏🏼 for reading and please share with your friends and colleagues!
Founders…keep grinding, you see the future better than investors
Pure gold from Scott on what best product leaders do 🧵
💪🏼 onboarding developers is still a huge problem at many companies and I’m excited for Codesee to come out of stealth to help developers get up to a speed a bit faster with maps…try it out at OSS Port which is helping open source maintainers help contributors get more productive, faster
It’s out - Matt Turck’s (FirstMark) MAD landscape (ML, AI, Data) - way too many companies here!
Cloud Wars - Cloudflare going after AWS cash cow S3 and Google dropping a bomb by reducing marketplace take rate from 20% to 3% 😲
💯👇🏼 - must read
Informatica filed S-1, the “intelligent data mgmt ☁️ platform” - shows a company transitioning from a license, on-prem data infra provider to “☁️ 1st, data always”
130% is still best in class
Amplitude, product analytics platform, goes public via direct listing - also origin story quite interesting as it involved an early pivot - many startups never go in a straight line…