When Evan Goldberg founded NetSuite web-hosted accounting management software in 1998, it became the first cloud computing software company in the world. StarVest Partners was the first and primary venture investor in NetSuite in 2000, when it had $100,000 in revenues. The company went public in December, 2007, raising $161M and then was sold to Oracle, one of its main investors in 2016 for $9.1B. Today it is one of the leading all-in-one cloud-based software suites to help companies run their business—from financials, to customer management to e-commerce and more. Revenues grew to $1B before the acquisition and the company is positioned for even greater growth. But it was not always up and to the right. Over the years NetSuite weathered multiple crisis – the dot-com bubble, 2008-2009 financial crisis, and now the coronavirus pandemic.
Join us to hear the journey from the original players and the lessons they learned along the way creating a new market and turning an idea into a billion-dollar enterprise.