Salesforce Ventures is crushing late-stage investing:
◻️Monday: $75m @ IPO —> $10m+ gain on first-day pop
◻️Zoom: $100m @ IPO —> ~$300m exit (3x)
◻️Snowflake: $250m @ IPO, position is ~$750m (3x)
◻️ Auth0: $120m investment —> $408m w/ sale to Okta (3.4x)
◻️Monday: $75m @ IPO —> $10m+ gain on first-day pop
◻️Zoom: $100m @ IPO —> ~$300m exit (3x)
◻️Snowflake: $250m @ IPO, position is ~$750m (3x)
◻️ Auth0: $120m investment —> $408m w/ sale to Okta (3.4x)
Salesforce had a $2.2B investment markup gains in 2020 (40% of EPS).
Other late-stage investments:
• Databricks
• Twilio
• nCino
• Dropbox
• Tanium
Other late-stage investments:
• Databricks
• Twilio
• nCino
• Dropbox
• Tanium
Startups love Salesforce Ventures cause they don’t block deals and don’t take a board seat 
Benioff creeps into late-stage mega-funding rounds like he creeps into photos
More here: cnbc.com/2021/03/06/how…
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