The year was 2001, and the landscape was littered with internet companies gone bust. The list included such once-promising names as Pets.com, Webvan and eToys.com. That’s when a worried Marc Benioff, CEO of a two-year-old startup called Salesforce.com, sought the advice of Michael Dell, founder of the game-changing personal computer company bearing his name. The way Dell tells it today, “I knew then, as I know now, that economic shakeouts need not bode misfortune for technology companies. Not, at least, the innovative ones. Technology does not recognize economic recessions or depressions; it always continues.” To say that Dell had a… Read More
The year was 2001, and the landscape was littered with internet companies gone bust. The list included such once-promising names as Pets.com, Webvan and eToys.com. That’s when a worried Marc Benioff, CEO of a two-year-old startup called Salesforce.com, sought the advice of Michael Dell, founder of the game-changing personal computer company bearing his name. The way Dell tells it today, “I knew then, as I know now, that economic shakeouts need not bode misfortune for technology companies. Not, at least, the innovative ones. Technology does not recognize economic recessions or depressions; it always continues.” To say that Dell had a good point is an understatement. Truly innovative companies aren’t subject to the same forces that shape many of their contemporaries whose businesses are based on older, more established trends. —Recommended Link— Pick And Shovel Investing For The 21st Century ‘Gold Rush’ From Russian gas and Saudi oil to the isolated cobalt mines of Central Africa — the next decade will see the beginning of a global commodity “gold rush” unlike anything we’ve ever seen. Cash in before it’s too late… That’s just one of the game-changing insights in Marc Benioff’s book, Behind the Cloud: The Untold Story of How… Read More