This SaaS Founder Sold His Business to Oracle for $9.3 BillionIn November 2016, NetSuite was acquired for $9.3 billion. Founder Evan Goldberg explains how it happened.
Opinions expressed by Entrepreneur contributors are their own.
James McKinney's guest this week is Founder and EVP of Oracle NetSuite Evan Goldberg. According to Goldberg, the idea started with a five-minute phone call in 1999 where he and Larry Ellison discussed the idea of selling software from a place that would one day come to be known as the cloud. One year later NetSuite was selling to customers.
After piloting NetSuite through two financial crises (the dot-com bubble and the 2008 market crash), Goldberg eventually sold his company to Oracle for $9.3 billion. Watch a snippet of the interview above to learn about how he did it, or find the full storyhere.
Related:He Came Up With a $2 Billion Business Idea While Making $7 Per Hour
