Liemandt: Trilogy Was the First AI Product to Sell $1 Billion
“And then we built Trilogy and our claim to fame actually in the nineties, it was the first AI product to sell a billion dollars.”
Liemandt: Trilogy was the most expensive software in the 1990s
“We were the most expensive software you could buy in the nineties because we also had super high pricing because we're like, they're not going to buy from us unless they have to.”
Liemandt: Trilogy took 3.5 years before winning SGI, HP, AT&T, and IBM
“It took three and a half years to actually build the product and convince anybody to buy it. But then as soon as they started to buy, Silicon Graphics bought it, Hewlett Packard bought it, AT&T, IBM, right?”
Liemandt: Trilogy Won 70% of College Recruiting Battles Against Microsoft
“Microsoft would win 90% of college graduates back then. And we against them won 70%.”
Liemandt: Bill Gates Flew to Austin Over Trilogy's Recruiting Wins
“Bill Gates literally flew down to Austin. To figure out why we were getting the best graduates.”
Liemandt: Ballmer, Gates, and Maples Called Shared Job Candidates
“Whether it was Balmer Gates or Mike Maple, the other third in the office of the president. Those three would call all our candidates, and we would just continue to fight, and it would escalate, right?”
Liemandt: Trilogy cohorts were told to bet a month's salary on roulette
“At the end of our trilogy university, a hundred days, you know, if enough of the teams that hit their goals, we would take everybody to Vegas and then we would get everybody around a roulette wheel. And we'd say, you have to bet one month's salary. On the numb…”
Liemandt: Trilogy ran an exchange program with the Navy SEALs
“We actually trilogy university, you know, there's Harvard business, you know, case studies on it and you can read about it, but we literally had a swap program with the Navy seals. Literally the Navy seals are like, okay, you know, we're going to send a couple…”
Core values are useless unless the exact opposite is also viable
“Which is if you can't say the opposite of it, right? Then it's not on the list. Like, so when we were doing the core values of trilogy in the nineties, I was like, well, we obviously have to have integrity on the list. And he's like, Joe, is there ever a compa…”
Liemandt: Dot-Com Crash Wiped Out 50% of Trilogy's Customers
“After the dot-com meltdown 50% of our cash Customers went out of business”
Liemandt: Trilogy Has Acquired Hundreds of Companies Since Dot-Com Bust
“So we bought hundreds of companies since then, but it was nothing. This strategy was just like, oh, wow, some companies are really cheap. Why don't we buy some?”
Liemandt: Trilogy created the first $1 billion AI product
“When I dropped out of Stanford and started the company, we didn't call it AI at all because of the negative connotations, but it was the first AI product to sell a billion dollars.”
Liemandt: Bell Labs failed to solve configuration engine with 100 PhDs
“Bell Labs had a hundred PhDs working on this, and they failed, right? I mean, isn't that awesome? And to me, I was like, cause we're going to solve it and nobody else has been able to figure this out.”
Liemandt: Trilogy was first 1990s product to sell $1B in AI
“It was the first product in the nineties to sell a billion dollars of AI.”
Liemandt: Trilogy was the first AI product to sell $1 billion
“Our claim to fame in the nineties was we were the first AI product to sell a billion dollars.”
Liemandt: ESW acquires distressed SaaS companies from private credit lenders for $1
“They're actually, and they've signed a few of these deals already and we'll see if it really takes off, but they're going to all the private credit guys and say, we'll handle the software. We'll say, we'll take this whole company, give us this company for a do…”
Liemandt: Trilogy beat Microsoft on 70% of competing offers in 1997-1998
“At the time, I think Microsoft, you know, sort of the peak of their power in 97, 98, 90% of students would go to Microsoft versus any competing company. And against Trilogy, it was like, ah, Microsoft only got 30% and we won 70.”
Liemandt on Welch: Enterprise software without customer ROI is worthless
“Jack's like, Joe, I don't care if it comes from heaven above. If general electric doesn't get a return on its investment, your product sucks. You suck. Your company sucks.”
Rayapati: Trilogy paid more than Google and Microsoft in mid-2000s India
“They used to hire like, ah, top of the top, you know. And, ah, they used to pay a lot more than Google, Microsoft Amazon, you know, any of these players back then, right?”