Cover image for Cloud Wars Live podcast with Sean Ammirati
Cover image for Cloud Wars Live podcast with Sean Ammirati

$27B for Slack: Bargain for Benioff | Ammirati on Innovation

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Each month, “Ammirati on Innovation” episodes will look at ways that the disruptive-startup mentality is spreading beyond young entrepreneurs to big established corporations. Serial entrepreneur, venture capitalist and Carnegie Mellon B-school professor Sean Ammirati, who sits at the intersection of these high-change dynamics, provides insight. Today, Sean and I talk through the acquisition of Slack by Marc Benioff and Salesforce, and more.

Episode 26

The Big Themes:

  • You’ve got great leaders at the top of the house: In both those companies you really understand innovation.
  • One of our venture companies: We sold a company to a publicly traded company that when that transaction happened, I got a lot of congratulations.
  • That ship has sailed: I also think though that speaks to another thing that we expected to happen when you plug into an organization – like in this case of Salesforce or Oracle.
  • Very fast moving dynamic: So we need to keep in mind not to get locked into an idea that will surely be obsolete in a matter of weeks or months.

The Big Quotes:

  • “But that doesn’t mean that the $27 billion was a fair price. I think it probably was not unfortunately for the shareholders.”
  • “The game was how many times could you say synergy in a windowless conference room for 30 minutes?”
  • “I think in enterprise tech you’re really seeing something of this happening now in Slack.”
You can also stream the audio-only version of this episode:

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Follow Sean on Twitter and LinkedIn for more valuable insights into innovation and entrepreneurship. Check out his podcast, Agile Giants.

Stream more episodes of Ammirati on Innovation, via Cloud Wars Live.

Cloud Wars Live Digital All-Stars

Sean Ammirati is one of our regular Digital All-Stars. The All-Stars are experts whose video podcasts will focus on the critical themes shaping (and re-shaping!) the business world here in the digital age of 2021. Our intention is to provide regular chunks of timely ideas and insights about high-priority subjects from industry veterans with diverse backgrounds.

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