What are some fascinating facts about Marc Benioff? Before we proceed to learn about this business giant and renowned leader, are you aware of who Marc Benioff is? If not, then do not worry as you are at the right place.
A world-renowned leader, Marc Russel Benioff is an American internet entrepreneur and philanthropist. He is the co-founder, chairman and co-CEO of Salesforce, an enterprise cloud computing company. In fact, he acquired Time in September 2018. The story of Salesforce story is fascinating.
It is the classic silicon valley story of a company being founded by a few tech pioneers out of a small apartment in San Francisco. Fast forward to 2022, Salesforce has over 70,000 employees across the globe. It also has more than 4 million members in its ecosystem, including customers, partners, ISV’s, and Salesforce professionals.
None of this would have been possible had Salesforce’s trailblazing leader Marc not taken the lead. In fact, while speaking of the founding of the company, Marc often speaks of the past. He claims that there were various aspects of his earlier years that shaped the idea of Salesforce as well as its growth. In this blog, we will discuss some interesting facts about Marc Benioff and the events which marked the inception of Salesforce.
10 Facts About Marc Benioff
1. A Natural Entrepreneur
In an interview with the NY Times, Benioff talked about how he was born an Entrepreneur and used to go around to people’s homes to see if they needed antennas or CB radios repaired. After, he got a regular job cleaning in a jewelry store which he didn’t really enjoy. But it was across the street from Radio Shack, where he found a computer and wrote his first piece of software.
2. Making the First Sale
The first piece of software he wrote on that computer from Radio Shack, was called “How to Juggle”. Benioff sold this for $75, a sign of things to come.
3. The Liberty Software
At 15 years old, he founded the company “Liberty Software”, where he created and sold games for the Atari 8-bit. He developed games such as King Arthur’s heir, The Nightmare, and Escape from Vulcan’s Isle, which by 16, enabled him to earn royalties of $1,500 a month, paying his own way through college.
4. An Apple Intern
While Benioff was putting himself through college, he had a conversation with legendary Apple employee Guy Kawasaki, who offered him an Intern role at Apple over the summer. Here, Benioff got his first taste of working for a tech company, as well as being influenced by Apple founder and CEO Steve Jobs who was always in the building.
5. The Oracle Years
Benioff landed a job at Oracle coming out of college. As a star salesman, he quickly became one of CEO, Larry Ellison’s favourites, and won Rookie of the year at age 23. Three years later, he was promoted to Vice President, of which he was the youngest ever, making over $1M a year.
6. The Sabbatical
At 31, with all the success Benioff had, he felt lost. He asked Ellison for some time off, took a 6-month sabbatical and travelled to India & Hawai. It was here that spurred a lifelong interest in yoga and Eastern religions. It was also this trip where Benioff came up with the idea for Salesforce, a cloud-based CRM that could be accessed as easily as Amazon.com.
7. Telegraph Hill
Benioff founded Salesforce along with three others, in a small apartment 1 bedroom apartment atop Telegraph Hill in San Francisco. They used the closet as a server room. and were accompanied by posters of the Dalai Lama, Albert Einstein, and two dogs.
8. Political Moves
Fast forward to 2015, and the state of Indiana had just passed a bill that would make it legal for individuals to use religious grounds as a defence when they are sued by people who are from the LGBT community. At the time, Salesforce employed 2,000-3,000 in Indiana, and Benioff thought he should take a stand against this discriminative bill, for the sake of his employees and customers.
After exploring other CEO’s to do the same, receiving a lot of backlash from others thinking that CEO’s shouldn’t get in the way of the democratic process, Benioff threatened economic sanctions on Indiana if the law wasn’t reversed. This prompted the governor to react and change the bill.
9. Acquiring the Time Magazine
In 2018, Benioff and his wife put their hard-earned cash to work and bought Time Magazine. He and his wife said they were “honored to be stewards of this iconic brand.”, “The power of Time has always been in its unique storytelling of the people & issues that affect us all & connect us all,” Benioff wrote. “A treasure trove of our history & culture.”
10. A Fortune
From humble beginnings, a kid that liked to tinker with electronics and write computer programs, Benioff has built one of the world’s most admirable companies from the ground up. This has given him the title of self-made billionaire, with his network currently standing at around $8.7B.
