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Marc Benioff

Marc Benioff is chairman and CEO of salesforce.com. He founded the company in 1999 with a vision to create an on-demand information management service that would replace traditional enterprise software technology. Benioff is regarded as the leader of what he has termed “The End of Software,” the now-proven belief that multi-tenant, on-demand applications democratize information by delivering immediate benefits at reduced risks and costs.

Under Benioff’s direction, salesforce.com has grown from a groundbreaking idea into a publicly traded company that is the market and technology leader in on-demand business services. For its revolutionary approach, salesforce.com has been lauded as one of BusinessWeek’s Top 100 Most Innovative Companies, named No. 7 on The Wired 40, and selected for the past two years as a Top Ten Disrupter by Forbes. The product has won the Software & Information Industry Association Codie Award for Best CRM for the past six years, and the Codie Award for Best On-Demand Platform in 2007, as well as multiple Editor’s Choice designations from PC Magazine. Benioff has been widely recognized for pioneering innovation with honors such as the 2007 Ernst & Young Entrepreneur of the Year, the SDForum Visionary Award, Alumni Entrepreneur of the Year by the University of Southern California (USC) Marshall School of Business, and being ranked No. 7 on the Top 100 Most Influential People in IT survey by eWEEK. He was appointed by President George W. Bush as the co-chairman of the President’s Information Technology Advisory Committee and served from 2003-2005, overseeing the publishing of critical reports on health care information technology, cybersecurity, and computational sciences.

Throughout his career, Benioff has also been committed to using information technology to produce positive social change. In 2000, he launched the Salesforce.com Foundation—now a multimillion-dollar global organization—establishing the “1/1/1 model,” whereby the company contributes one percent of profits, one percent of equity, and one percent of employee hours back to the communities it serves. In 2006, Benioff authored The Business of Changing the World, in which 20 great leaders reveal how businesses can go beyond writing a check and leverage the full scope of their resources to make a difference. Compassionate Capitalism, also authored by Benioff, is the first-ever best-practices guide for corporate philanthropy that illustrates the success of the integrated model. Acknowledging his commitment to building partnerships between business and society to improve the state of the world, the members of the World Economic Forum named Benioff as one of its Young Global Leaders, and in 2007 the Committee Encouraging Corporate Philanthropy presented Benioff with the coveted Excellence in Corporate Philanthropy Award.

Benioff initial investment was USD 1.2 Million, only two years later raising the needed additional funding;

Prior to launching salesforce.com, Benioff, a quarter century veteran of the software industry, spent 13 years at Oracle Corporation from 1986-1999. In 1984, he worked as an assembly language programmer in Apple Computer’s Macintosh Division. He founded entertainment software company Liberty Software in 1979 when he was 15 years old. Benioff received a Bachelor of Science in Business Administration from the University of Southern California in 1986.

Recent Milestones

Investments

Company Date Round Size Participants
Upstart 4/13Series A$5.9M7
Brandcast 2013Series A$1.5M1
Duetto Research 12/12Series A$10M7
BlackJet 10/12Venture Round27
Mixpanel 5/12Series A$10.3M4
Zuora 11/11Series D$36M8
Sift Science 9/11Seed$1.6M10
Domo 5/11Angel$10M14
Zuora 11/10Series C$20M5
Path 11/10Angel$2.5M28
Mashery 10/08Series B$7M8
Zuora 10/08Series B$15M4
Lookery 9/08Series A$2.25M2
ZocDoc 8/08Series A$5M4
Tapulous 7/08Angel$1.8M6
Qik 4/08Series B$3M3
Zuora 3/08Series A$6.5M2
Lookery 2/08Seed$900k21

Videos

Sources

    CEO Marc Benioff Named 2009 Executive of the Year by the San Francisco Business Times (prnewswire.com) [edit]
    Benioff-Backed Cloudwords Helps Content Owners Manage Mass Translations (techcrunch.com) [edit]
  1. Upstart, A Site For Crowdfunding People, Raises $5.9M From First Round, Eric Schmidt, And Others (techcrunch.com) [edit]
  2. Citation Needed [add]
  3. Duetto Research Announces $10M Series A Funding Round (finance.yahoo.com) [edit]
  4. Uber Co-Founder Garrett Camp Launches BlackJet, The “Uber For Private Jets” (techcrunch.com) [edit]
  5. Mixpanel Raises $10M in Series A Financing (finsmes.com) [edit]
  6. Subscription Billings Platform Zuora Nabs $36M From Index, Greylock At $300M-Plus Valuation (techcrunch.com) [edit]
  7. Citation Needed [add]
  8. Shacho Seals $10M Angel Round (techrockies.com) [edit]
  9. Zuora Raises $20M in Series C Funding Round (finsmes.com) [edit]
  10. techcrunch.com [edit]
  11. thealarmclock.com [edit]
  12. VentureBeat (venturebeat.com) [edit]
  13. venturebeat.com [edit]
  14. ZocDoc Gets $3 Million First Round For Doctor Booking Service (paidcontent.org) [edit]
  15. Tapulous Wants To Be The RockYou Of Apple’s App Store (techcrunch.com) [edit]
  16. Qik Raises $3M for Live Mobile Streaming (techcrunch.com) [edit]
  17. Sociable (sociableblog.com) [edit]
  18. Reed Hundt Invests in Facebook Ad-Platform Lookery (techcrunch.com) [edit]
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Last Edited 5/1/13

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