goldenwords all about new technology technologie

June 22, 2011

Silicon Valley

Filed under: diamond — admin @ 11:08 pm

Even in Silicon Valley, where the abundance of stake firms effectuation that there’s a aggregation of specialization, you don’t ofttimes separate into a concern as convergent as Emergence Capital Partners. Many firms carry themselves to finance in Web or code startups, but Emergence is farther narrower than that: the four-partner concern restricts itself solely to early-stage investments in Software as a Service, or SaaS-based companies. Their articulate for this collection is a lowercase broader—they call it “technology-enabled services.” But what they’re rattling conversation most is companies that support another companies do playing by providing subscription admittance to Web-based stock software, whether it’s for storing or transferring files, activity the action of an ad, or chase likely employees or income leads.

If that definition sounds a aggregation same Salesforce.com, it’s no accident. Emergence originator and generalized relation Gordon Ritter was previously the co-founder, with Salesforce.com CEO Marc Benioff, of Software As Service, a Web services substance that grew into Salesforce.com’s Force.com and Database.com darken technology platforms. After leaving Salesforce.com and environment up Emergence in 2002, Ritter’s prototypal assets was in—you guessed it—Salesforce.com. It was a advise that repaid itself 80 nowadays over when Benioff’s consort went open in 2004, and that success prefabricated Emergence into digit of the most sought-after investors for some start antiquity a SaaS product.
source http://www.xconomy.com/san-francisco/2011/05/25/emergence-capital-the-sequoia-of-saas-aka-the-house-that-salesforce-com-built/

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

You must be logged in to post a comment.

Powered by WordPress