Mark Benioff
person on 6 shows · 30 statements across 23 episodes
Founder's Journal
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30 statements about Mark Benioff, every show
Stebbings: AI developer tools like Cursor remain dramatically underpriced
“So no, I don't at all for Cursor or for any of the dev tools. I think it's still dramatically underpriced. When you look at Mark Benioff spending three hundred million on Anthropic, it's 3.7% of developer salaries. I think that's relatively small.”
Chamath Palihapitiya joins UN AI Commission co-chaired by Mark Benioff
“Me, Jensen, Brad Smith, Anthony Tan from Grab, and a bunch of other folks were put on this UN Commission for AI that Mark is the co-chairman of.”
Stebbings: Salesforce spent $300M on Anthropic tokens for its developers
“And Mark Benioff said that he spent three hundred million dollars on Anthropic, which on specifically for the dev team, which equates to 3.8% of dev Salaries spent on tokens.”
Salesforce's $300M Anthropic Spend Equals 3.8% of Developer Salaries
“Right now, you know, if you look at Mark Benioff, he said they spent three hundred million on Anthropik. That's about 3.8% of developer salaries spent on tokens.”
Marc Benioff states he is neither a Democrat nor a Republican
“I'm not a Democrat or Republican. I am an American.”
Benioff: Chinese AI models are as competitive as US models
“I think that the Chinese models are as competitive as these U S models, and they've learned to make these models without having the highest end chips.”
Benioff predicts China and Taiwan will reconcile
“I, I've said this for years. I don't agree with Neil Ferguson on that point. I think that this is a nonsense issue. I think China and Taiwan will reconcile.”
Benioff: Salesforce would not exist without Tony Robbins
“Hey, if it wasn't for Tony Robbins, I don't think there would be a Salesforce, so there you go.”
Benioff: Top 10 enterprise software companies trade at two times sales
“I looked at the top 10 major enterprise software companies. They all had great quarters. And they're all trading in two times sales.”
Benioff: Salesforce will reach over $46B revenue and $16B cash flow this year
“Look, we'll do over forty six billion this year, more than sixteen billion in cash flow.”
Chamath: High-end enterprise software monoliths are quite safe
“I think the high end of the market where Mark operates, where the large monoliths operate is quite safe.”
Chamath: AI vendors will rely on enterprise SaaS to sell tokens
“And what's going to happen is they're going to have to go to guys like Mark and other people and say, Please sell my tokens.”
Green: Markets irrationally heed random online research over top tech leaders
“It's incredible, like, why don't, it's amazing that people are listening to some random research firm versus listening to people like Stan Druckenmiller, Howard Marks, Ken Griffin, Steve Cohen, like, Mark Benioff, people like Mark Zuckerberg you know, Jensen W…”
Stebbings: US Army awarded Salesforce a $5.6B contract over 10 years
“I do think a hat tip deserves to be given to our friend of the show, Mr. Mark Benioff, who army just awarded sales. 5.6 billion. Billion dollar contract over 10 years.”
Stebbings: Sent 53 Cold Emails to Book Marc Benioff on 20VC
“How I got Mark Benioff to come on TwentyVC through 53 cold emails”
Lemkin: Salesforce Replaced Up to 4,000 Support Staff With Internal AI
“You know, Mark Benioff said, even at Salesforce, they're growing, they're adding more headcount in sales and marketing, but I think he's, I know the numbers, I think three or 4000 folks in support, they already replaced with AI and their own AI and support Cog…”
Lemkin: Reaching $100M ARR in 10 Months Requires AI and Inbound
“So you literally can't brute force a hundred million in 10 months with humans. It's just maybe, maybe, maybe Larry Ellison or Mark Benioff could, but I don't think anyone else, there's just not enough calls and like, you can't go from one to a hundred in 10 mo…”
Marc Benioff Is Envious of Palantir's Forward Deployed Engineering Model
“He said, this is the number one thing he was jealous of Palantir was one of it was how, how, how, how well they charge their customers, but he was most jealous of what they've done in forward deployed engineers. He said, what I would love at Salesforce is that…”
Stebbings: Warp raised over $70M from Sequoia, GV, and Marc Benioff
“They've raised over seventy million dollars from the likes of Sequoia, GV, Dylan Field, Elad Gill, and even the legend that is Mark Benioff.”
O'Shea lists Bezos, Benioff, Coatue, and GC as Saturn investors
“We have General Catalyst, KOTU, Insight, O-One Advisors, Jeff Bezos, Mark Benioff, Dara, Neo, Elad Gill, Dylan Field, and Inspired Capital, and I'm sure there's more.”
Frankel: Writing off Salesforce in AI ignores their massive proprietary data advantage
“So Mark Benioff, Salesforce, you write that off at your peril, because the amount of data they have, right, they throw in these AI tools, they're doing their own stuff, right? That is, that, like, their opportunity is enormous”
Lemkin: Founders Should Pass on Sales Leaders Who Avoid Customer Meetings
“Salesforce is coming up on thirty billion, and Mark Benioff's still out there hustling and meeting with customers. If you're a VP of sales and gunner or CRO, pass. Don't matter what else you like them.”
Salesforce CEO Marc Benioff requires weekly meetings if leaders miss 20% growth
“Everybody submits a plan, and typically that plan has to grow a minimum of 20%, because that's just, like, Mark Benioff's thing. We grow 20% every year. And if you're hitting the plan, you meet with him once a quarter. And if you're missing the plan, you meet …”
Lemkin: Marc Benioff Is Repeating His Past Mistake by Cutting Sales
“I mean, Mark Benioff in his book wrote his biggest mistake in the last downturns was cutting sales. And what did he just do? Cut sales. So we're all, he's making them, he's making the same mistake three times.”
Lemkin: Tech workforce quality plummeted as companies hired "mainstream normal people"
“The quality plummeted as we hired mainstream normal people, the quality plummeted. Any leader will tell you this quietly. Any VP, Mark Benioff said it last week. Like they'll tell you the quality went down the last three years. Way down.”
Velvet Sea reduced its investment allocation to bring in Mark Benioff
“We cut back our allocation significantly in order to make room for Mark Benioff and a bunch of our friends who wanted to be investors, right?”
Immelt: Musk, Bezos, and Benioff are not good listeners
“I guarantee you that if Elon Musk or Jeff Bezos or Mark Benioff ever did a review, a three 60, the people around them aren't saying they're really good listeners. There's a lot of people say, They didn't listen to it, but they are listening, right? They are li…”
Abel: Initiating M&A talks as a founder never leads to good outcomes
“If you listen to Mark Benioff or John Smorjai at Salesforce, they always say good companies are bought, not sold. I think that's true with good strategic outcomes. If you initiate it, I don't think it's ever good.”
Webb: Marc Benioff is uniquely talented at executive recruitment and retention
“I think Mark Benioff is one of the best at finding and keeping talent. He knows everybody in the industry, and he knows for every slot he's got. Who are the three others if they're not? First of all, there's a lot of growth from within companies. But if they'r…”