Leading the Life of a Serial Entrepreneur.. but who is Marc Benioff?
Marc Benioff is an American serial entrepreneur, author and now life philanthropist with a net worth of $6.5 billion as of December 2018. He is the founder, chairman and co-CEO of Salesforce, an enterprise cloud computing company. As of August 2019, he owned 4,14% of Salesforce shares, worth $4,33 billion.
Benioff has an estimated net worth value of Benioff today is $6.5 billion, but it cannot be referred as one day task. Instead, there were years of struggle at the back before Marc Benioff even began to lead the life of a serial entrepreneur.
After achieving the B.S. in business administration in the 1986, he worked under several well-known names today. Before introducing salesforce, the 13 years of his life were spent working in Oracle Corporation.
By the age of 15, Marc was already on the road to leading a life of a serial entrepreneur as he successfully established his own company with the name “Liberty software” that created a variety of video games.
Following this, Benioff also worked in the Apple computers’ Macintosh division as an assembly language programmer.
The leadership of Benioff has motivated employees towards the community at large.
Where the policies set includes offering 6 paid days for performing the services into the community, the other set policies are even more amazing. For example, when the employee donates 1% time to the community at large, the company donates 1% profit of the product alongside 1% of the equity to the foundation.
Why Salesforce CEO Marc Benioff Believes Business Should Be Used For Good | Better | NBC News
In addition, there is always a win-win situation for the company since Benioff has left over the greatest impact over Salesforce like all the other successful philanthropic endeavors.
This involves the development of positive and long-lasting relationships between the companies and their communities, Benioff encompasses the heart and soul of a continual businessman.
“Marc Benioff claims his work ethics which enabled him to lead the life of a serial entrepreneur came from his father Russell Benioff”
With regards to the current position of Salesforce, the company is still in a great position as it has swelled to market cap of $121 billion. In the fiscal year 2018, the company has even hit up the annual sales revenue of $10 billion.
In order to bring change within the tech industry, he unplugged himself for about two week vacations all over Galapagos islands, Easter islands and Bora island with his family.
This happened after the very busy 2018 when two of the biggest acquisitions took place that included the MuleSoft deal of $6.5 billion and the family acquisition of the $190 million Time Magazine.
When asked in an interview with The New York Times “Where did the idea of buying Time come from?” Marc Benioff replied “I have been speaking with the C.E.O. of Meredith since he bought Time Inc. about all of his assets”
He was also asked why he didn’t buy Fortune Magazine, his response was, “Time is the best fit for us. I really liked the Meredith team, and I definitely wanted to do something with them. It just wasn’t clear what it was. When Time emerged as the candidate we all felt it was right. That took nine months to figure out”
Marc Benioff soon to be turning 55 on 25th September is today the founder, chairman and co-ceo of Salesforce and the pioneer of cloud computing has remained optimistic about the technology that has played vital role in adding value to the success of his company.
Living the life of a serial entrepreneur, he carries an optimistic personality who tends to see the glass half full rather than half empty with the belief that things will turn out well and all obstacles will be overcome.
He has always remained in the spotlight, sometimes due to his philanthropy, willingness to take the political stand and in the center of the salesforce’s dreamforce mega conferences held in San Francisco.
He has also been observed making protest for his work for salesforce with both US customs as well as Border Patrol.
Salesforce under Benioff’s leadership
Salesforce today is among one of five top enterprise software companies, selling over world’s best customer relationship management software throughout the world.
Marc Benioff laid the foundation of Salesforce in the year 1990 which has now turned into Fortune 500 Company from just an idea with over 30’000 employees, with the intent of working on the values that include the customer’s success, trust, quality and innovation. This has carved out his future and paved his way to leading a incredible life as a serial entrepreneur.
Salesforce successfully laid it’s foundation from the year 2004 to 2008 in becoming an application platform despite that fact that none of it’s customers demanded for it.
In 2004, the company promoted “Customforce” followed by the announcement of a widget namely “multiforce” in the year 2005. It has aimed to expose the functionality of the application selectively.
In 2006, an extension to the service offer by the company was launched as “AppExchange while 2007 was the year when Apex was announced.
This was an expressive language in the system that aimed to add logic to the business. In order to establish the custom, template language with name “Visualforce” was unveiled.
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