SAP

includes SAP Concur, SAP SuccessFactors, SAP Store

10 statements across 4 episodes · 4 bullish · 1 bearish · 4 people on the record · first statement Feb 17, 2019 by Ryan Smith · said 59 times in 32 episodes since 2015 · across every show →

Mentions by year, the whole family

brought up most by Jason Lemkin (22), Ryan Smith (14), Sridhar Ramaswamy (2), Eléonore Crespo (2), Carlos Delatorre (2), Russ Fraden (1), Olivia Nottebohm (1), Mark Roberge (1)

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036201520162017201820192020202120222023202420252026episodes it came up in
003366201520162017201820192020202120222023202420252026episodesmentions per episode
2026 2 mentions in 2 episodes 1 per episode
2025 8 mentions in 5 episodes 2 per episode
2024 9 mentions in 6 episodes 2 per episode
2023 6 mentions in 5 episodes 1 per episode
2022 6 mentions in 4 episodes 2 per episode
2021 3 mentions in 3 episodes 1 per episode
2020 1 mention in 1 episode
2019 22 mentions in 4 episodes 6 per episode
2017 1 mention in 1 episode
2015 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about SAP, oldest first

Feb 17, 2019 neutral
Disclosure
Ryan Smith: Qualtrics was fully committed to an IPO, not dual-tracking
“I was not running a dual track. I invited 300 of my closest friends to take mortgages on their house to go buy into the friends and family, and then I was like, oh, J slash K, it was like a pump fake, and everyone went flying by, and then we laid it.”
Ryan Smith Feb 17, 2019 ▶ 25:34 The Things Nobody Tells You About An $8B Acquisition with Ryan Smith from Qualtrics
Feb 17, 2019 bullish
Assertion Contradicted
Smith: Qualtrics grew 47% to $500M in sales prior to SAP deal
“I mean, we grew up 47% last year, five hundred million in sales.”
Ryan Smith Feb 17, 2019 ▶ 21:36 The Things Nobody Tells You About An $8B Acquisition with Ryan Smith from Qualtrics
Feb 17, 2019 positive
Insight
Smith: Acquirers will not move without a compelling event like an IPO
“If you're not building a company that can stand up and go public, Then you're probably going to be, no one's going to want it anyways. And you, there's going to be an outlier or two where you're going to point to and say that, but no one ever really, I mean, S…”
Ryan Smith Feb 17, 2019 ▶ 29:40 The Things Nobody Tells You About An $8B Acquisition with Ryan Smith from Qualtrics
Feb 17, 2019
Assertion Not checkable as stated
Ryan Smith: Only $30M of $8B acquisition went to former employees
“There's eight billion dollars, and only Thirty million dollars of it went to people who weren't in the building at the time of the transaction.”
Ryan Smith Feb 17, 2019 ▶ 31:21 The Things Nobody Tells You About An $8B Acquisition with Ryan Smith from Qualtrics
Feb 17, 2019 bullish
Prediction Not checkable as stated
Ryan Smith: Qualtrics staff will earn more post-acquisition than prior 17 years
“Outside of about six or seven people, every single person in the company will make more money over the next five years than they did the prior 17.”
Ryan Smith Feb 17, 2019 ▶ 33:21 The Things Nobody Tells You About An $8B Acquisition with Ryan Smith from Qualtrics
Feb 17, 2019 bearish
Prediction Not checkable as stated
Smith: SAP will pause M&A after $8B Qualtrics deal
“SAP's not buying anything for a while. We took all their powder.”
Ryan Smith Feb 17, 2019 ▶ 28:38 The Things Nobody Tells You About An $8B Acquisition with Ryan Smith from Qualtrics
Feb 17, 2019
What-if
Smith: Venture funding would have prevented Qualtrics from pivoting to XM
“If we would have just bought our way through, I don't think we would have had that confidence or DNA to pivot the whole company and create this new category of experience management, which is really what SAP wanted.”
Ryan Smith Feb 17, 2019 ▶ 15:24 The Things Nobody Tells You About An $8B Acquisition with Ryan Smith from Qualtrics
Oct 20, 2021 neutral
Assertion Supported
Nottebohm: Top-down sales drove most software companies to $5B revenue
“By the way, this is how SAP and Salesforce made it all the way up and over to the five billion mark, and if you remember that list, the majority of the companies who got to five billion actually got there this way.”
Olivia Nottebohm Oct 20, 2021 ▶ 3:41 How Community-Led Growth Drives Product-Led Growth with Notion CRO, Olivia Nottebohm
Sep 13, 2022 positive
Assertion Contradicted
Qualtrics had one-third services revenue in its $8B SAP acquisition
“Qualtrics went public, and also before they went public, they sold to SAP for eight billion dollars, and, you know, when they, when you look at their S-one they were about to go public before they got bought. They actually had a third of the revenue was servic…”
Alfonso de la Nuez Sep 13, 2022 ▶ 20:27 10 Lessons Learned Along the Path to $100M ARR | UserZoom's CEO and CMO | SaaStr Software Community
Oct 11, 2024 neutral
Assertion Supported
Dholakia: Accenture made $3 for every $1 of SAP software sold
“Accenture made three dollars for every dollar that SAP sold in software because there was so much to do around change management.”
Sameer Dholakia Oct 11, 2024 ▶ 24:58 State of the Cloud: The Cloud AI Era with Bessemer Venture Partners
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