Everything Ben Nye said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Pure business model companies like Uber lack defensible long-term sustainability
“There are other companies that are pure business model companies. I don't think they have the sustainability and the worry you have there is ankle biters coming up through the ground. Think of, you know, Uber and Lyft as an example, great company, In Uber, but…”
Ben Nye became interim CEO after founder and external CEO clashed
“There were some issues between the founder and the CEO hire. And so that's, that was the time when the board made its decision and asked me to step in on an interim basis, which I agreed to.”
91% of Turbonomic customers achieve full payback within three months
“No, I think we're, look, 91% of our customers have a three-month full payback, so by definition, we've, you know, even with the price increases of the last four years we certainly feel that we've offered a huge consumer surplus to our customers.”
Every startup Bain evaluated that directly competed with VMware died or sold
“And just to make the case roll the tape forward. And every one of those players that we looked at has either been acquired or gone.”
VMware's revenue growth will continue to slow, but it will not die
“They're not going to die. I think their growth rate is going to continue to slow, but I don't think they're going to die. They've got a huge amount of cash that they generate.”
Turbonomic repurchases equity from departed employees to keep cap table active
“From time to time the company has retired passive shares. And there's typically a thing called an investor rights agreement that governs the way in which that is executed. And indeed we've done that as well, just to keep more equity and more active hands.”
194 million enterprise workloads ran across hybrid cloud in 2016
“There's a hundred and ninety four million workloads in 2016 between that which run on prem or premises and that which runs in the public cloud.”
Turbonomic reports 1,600 enterprise CIO customers and over 400 employees
“So we're just a hair shy of 1600 CIOs who invested in Turbonomic. Again, real time autonomic control. And the company is over 400 people. We've had 24 consecutive quarters of record revenue, which is pretty exciting. And by the way, the last two based on audit…”
Bain Capital invested roughly $20 million into Turbonomic
“On behalf of Bain, I think we're in roughly the young twenties.”
Top Founders 4