from Trung Phan | by Trung Phan

Salesforce Ventures is crushing late-stage investing: ◻️Monday: $75m @ IPO —> $10m+ gain on first-day pop ◻️Zoom: $100m @ IPO —> ~$300m exit (3x) ◻️Snowflake: $250m @ IPO, position is ~$750m (3x) ◻️ Auth0: $120m investment —> $408m w/ sale to Okta (3.4x)

Salesforce had a $2.2B investment markup gains in 2020 (40% of EPS). Other late-stage investments: • Databricks • Twilio • nCino • Dropbox • Tanium

Startups love Salesforce Ventures cause they don’t block deals and don’t take a board seat t.co/T2DYuglRFV

Benioff creeps into late-stage mega-funding rounds like he creeps into photos t.co/wEEzgLvoyU

More here: t.co/DZxTbPLJEo