A Billionaire With A B.S., Marc Benioff Innovates With Salesforce!
There are few industries where you can rise to become a billionaire with little in the way of formal education. In fact, outside the entertainment industry, the most probable way to become a billionaire fast is through the technology sector. The innovation of computer devices and electronic products requires intelligence and creativity. The technology industry still rewards people who have a great idea without a lot of formal education on their resume. Marc Benioff is one such creative and intelligent mind who has used the technology sector to amass a fortune.
Marc Benioff is the founder and CEO of Salesforce.com. In 1999, Benioff saw the potentials of the Internet to deliver software to customers in a non-traditional way. Believing that the Internet represented a vast pool of data and computing power, Benioff conceived of the idea of computer users operating software that they did not actually have installed on their computers. Yes, Marc Benioff is generally considered to have conceived of Cloud computing long before it was effectively marketed!
After graduating from Burlingame High School in 1982, Benioff attended the University Of Southern California. There, he earned his bachelor’s degree in Business Administration and promptly went to work for Apple. While Benioff idolized Steve Jobs, he soon left Apple for Oracle. Starting out in sales at Oracle, Benioff quickly became the company’s rising star. The company named him Rookie of the Year at age twenty-three and promptly became the company’s youngest vice president ever within three years!
With thirteen years of experience at Oracle, Marc Benioff decided it was time to strike out on his own. In 1999, Benioff started Salesforce.com in his apartment. His mission was to create an on-demand information management service. The idea he had seems simple by today’s standards; when you wanted to run a program, you would access it on the Internet instead of paying to install it on your personal computer. This is the basis for virtually every app and Cloud product.
It took Marc Benioff only a few years to turn his innovative idea into a company with one of the strongest business models in the information revolution. Salesforce.com raised $110 million in 2004 when its stock went public. That show of support from investors validated Benioff’s great idea and allowed salesforce.com to establish themselves as the dominant Cloud computing company.
Marc Benioff remains a model for young geniuses everywhere, encouraging them to stop learning about what others have done before and pioneer your own way!
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