Vijayan: VMware spent hundreds of millions of dollars on Oracle ERP
Jay Vijayan · What made Elon Musk approach former Tesla CIO Jay Vijayan twice in 12 months? · Nov 17, 2020 · at 3:01
Jay Vijayan, founder of Tekion and former Tesla CIO, reflects on managing enterprise software rollouts during his earlier career at VMware.
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“They spent like hundreds of millions of dollars. It was a massive project. They had a failed project before, and after that I joined the second time to lead, to turn around the second time the same project was re-initiated and they named it as Project Phoenix.”
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Tekion bought two live auto dealerships as an early-stage startup for R&D
“And that's what we ended up acquiring two automotive dealerships. It was a very high risk, high stakes. We had to do because Tekyon is a small company. We didn't have a lot of money.”
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“So in fact, we slightly settled on, not too much, slightly, very small, in grand scheme of things, I felt it settled on a slightly lower valuation to make sure that we bring both of them.”
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“So personally, me and my co-founder, Guru, we took a loan to go buy the land of the dealership because I felt Techyan didn't have money to invest in the land. And then Techyan just invested in buying the dealership only because I felt if we buy the dealership …”
Vijayan: Lack of OEM integrations causes automotive retail startup failures
“For companies which had failed, I had seen that one of the biggest thing is not getting the OEM connection and integration and support on time.”
Vijayan: Dealerships save $15,000 to $65,000 per month moving to Tekion
“There are dealerships that save anywhere between 15,000 to, you know, 65,000 dollars a month by moving to our platform, ok?”
Vijayan: AI in auto retail will create more jobs than it eliminates
“I don't see that we can, it can reduce you know, the number of people needed because the end of the day, it will create more jobs in different areas because You know, today we are just adding friction. If you think about Amazon, people can say, you know, it ha…”