Sept. 9 - 10, 2013
San Francisco, CA

Early Bird Tickets on Sale

New York-based BizSlate is launching its cloud-based resource planning tool to give small business a hand with their supply chain challenges.

Unlike legacy vendors in that sector, including SAP and Netsuite, the technology is specifically designed for departments stores, retail chains, small boutiques, and the like. Chief executive Marc Kalman says BizSlate is ideal for companies that have “outgrown Quickbooks” but don’t have ample resources at their disposal for IT.

IT behemoths like SAP made enterprise resource planning (ERP) tools popular, but they are an expensive and complicated proposition for non-technical types. These tools bring together and manage information about finances, accounting, manufacturing, sales and service, and marketing. Until recently, only large companies could afford the packages and consulting contracts that take a sizable chunk (we’re talking hundreds of thousands of dollars) out of an IT budget.

BizSlate claims it can offer its customers a competitive advantage. At a conference or trade show, for example, a manager can view real-time inventory from a tablet, iPhone, or Android device and place orders into a live system that could potentially pick, pack, and ship on same day — traditionally, this process would take up to a week.

BizSlate has enlisted about 20 companies to take part in its beta test; according to Kalman, these first customers have had an “instrumental role in the design and development” of the product. The BizSlate team has grown to just under 10 employees and has raised a small seed round.

New chief technology officer Michael Park was the former vice president of technology for Fresh Direct, the country’s largest online distributor of fresh produce and groceries. Previously, Kalman was cofounder and chief executive of eZCom Software, a software-as-a-service electronic data interchange (EDI) provider focused on helping small and medium-sized businesses streamline supply chain operations.

BizSlate will set a company back anywhere from $10,000 to $18,000 for implementation and remote training (depending on whether the customer already uses Quickbooks), although it offers discounts for the first six months post-launch.

BizSlate unveiled its beta in April at DEMO Spring in Santa Clara.

Supply chain image via Dusit // Shutterstock 

Sept. 9 - 10, 2013
San Francisco, CA

Early Bird Tickets on Sale

Plex Systems, the cloud-based planning and management tool for manufacturers, has received significant strategic investment from Silicon Valley firm, Accel Partners.

For $30 million, Accel will gain a seat on the company’s board, alongside Francisco Partners, which acquired Troy, Mich.-based Plex Systems earlier this year. With this new infusion of capital, Plex will continue to migrate its customers — primarily in the high-tech, electronics and automotive industries — from on-premise systems to the cloud. The company offers production, inventory, quality, human capital, and financial management tools, which are visible via the Web.

According to the company’s  CEO Mark Symonds, the cloud can help manufacturers cater to international markets. “Globalization and today’s pace of business requires manufacturers in all industries to be increasingly transparent, nimble and cost efficient, and these attributes demand cloud solutions,” he said in an interview.

The company, which was founded over two decades ago, competes with tech giants like Infor and SAP — but there may be room for multiple players as manufacturing still accounts for about a third of the U.S. economy.

Symonds claims the company has seen 30 percent year-over-year growth, with quarterly revenue growth increasing each quarter for over 20 consecutive quarters — impressive and somewhat unusual for a software as a service play. However, the company has experienced its ups and downs. Symonds told ZDnet columnist Dennis Howlett that when the company shifted from on-premise to SaaS, it took a 20 percent revenue hit.

In the first quarter of 2013, Symonds told me they will be hiring 16 new employees to add to the 260-person team, which will augment the R&D efforts. Initially, the company served automotive clients, but has recently been able to expand its client-base to include defense and high-tech customers.

Accel is one of the firms in Silicon Valley that has ramped up its investment in enterprise computing — they raised a $100 million fund dedicated to “Big Data” startups. In a recent interview with Accel Partners’ Ping Li, he told me that the firm has noticed “people embracing enterprise technologies like never before.”

Industrial chemistry image // hans engbers, Shutterstock 

Sept. 9 - 10, 2013
San Francisco, CA

Early Bird Tickets on Sale

The little-known company that provides high-end revenue lifecycle management software for Twitter and Facebook is now offering the same technology for the little guy.

Today Revstream, which already processes over $25 billion in annual revenues for Twitter, Facebook, Activision, and VMware, among other companies, announced that it is releasing a version of its software on Force.com. The new cloud-based app will allow startups and growing businesses to manage their revenue, stay standards-compliant, and forecast future earnings.

In case you’re wondering, revenue management is not exactly page-turning stuff — perhaps unless you’re an accountant — but it is a potential life-saver.

Why?

Revenue management and recognition is increasingly difficult, with simple sales being replaced by subscriptions, upgrades, downgrades, bundles, and delayed revenue recognition deals. At the same time, regulatory requirements from the SEC, GAAP rules, and Sarbanes Oxley have greatly increased the complexity around revenue recognition issues.

“We were formed to help solve the problem of revenue management and revenue recognition,” Revstream CEO Rajiv Chopra told me last week. “It’s a problem because the way companies are built and the way revenue is recorded are not in sync.

A decade ago the problem only affected a portion of your business, he said.  But now, with the explosion of cloud services and the incredible profusion of ad-supported businesses … 100 percent of many companies’ revenue is under scrutiny.

Revstream, which integrates into a company’s billing systems with a very high degree of automation, essentially guarantees that your revenue recognition, income forecasts, and lifetime value of customer projections are standards and regulations-compliant. That’s important for companies who are planning to IPO, startups that might eventually be acquired, or even startups that are planning a follow-on round of financing.

“We decided that small companies and pre-IPO companies needed this,” Chopra said. “So we packaged it into a software-as-a-service solution on Force.com so we can deliver it in the cloud. In a nutshell, it brings the same compliance at a much lower price point.”

That high degree of automation which is important for enterprise customers is even more important for small customers, Chopra told me. The same is true for ease of integration, which can hinder acceptance or use of a new software capability. That’s why the company built the cloud version on Force.com … which bakes in both automation and integration right from the start.

“Most customers we talk to already have a billing system … it’s called a website,” said Chopra with tongue somewhere in the vicinity of his cheek. “They don’t need an ERP system, they just need a revenue management system.”

Early customer My Life, which helps 60 million users manage their social networks, is a believer:

“Revstream Cloud provides the key capabilities and scale that subscription businesses need to efficiently automate and manage recurring revenues,” CFO Peter Oey said in a statement.

photo credit: peasap via photopin cc

This is a guest post by entrepreneur Dmitri Leonov

Everybody I know is suffering from email overload, but entrepreneurs have it especially bad. There are about 50 hours of work in a 24 hour day, and email becomes a huge chunk of it.

All of us have tried to get better at email. For those that aren’t glued to their smartphones and check our inbox at set times during the day, it feels like never enough.

While developing a company to help busy folk manage their email, I have thought long and hard about optimal email workflow, and have come up with an extensive list of rules and tips. It will require a substantial shift in your thinking about email, but this rule will change your life: don’t make clearing your Inbox your top priority.

There’s an inherent gamification in clearing your inbox. It feels productive and provides a brief feeling of accomplishment. But as we all know, this feeling is not only fleeting, but has a dangerous flip-side — processing email is a reactive activity. When you let other people set your priorities, you’re not in control of your time, and this should be a deal-breaker for entrepreneurs.

You won’t respond to every email — and that’s okay!

Get comfortable with the idea that some of the emails in your inbox will never get responded to. And that’s ok. Imagine a world where you don’t have to respond to an email just because it’s there. It’s ok if you choose to, but not because someone else decided for you. Feels good, doesn’t it?

Set your priorities

Whenever you sit down to check email, ask yourself, “Is clearing the inbox the best use of my time? Is there really nothing more valuable I can do?” If you can’t find any higher priority things that will actually grow the business, by all means spend time on your email. And if there’s an email that directly aligns with your top priorities, then it’s a win-win for you and your inbox.

It’s completely ok if on some days “Clearing the Inbox” is in your top five to-do’s. In fact, eventually it needs to be. The problem is that email has become the default top-priority without us even realizing it. We spend 28 percent of our time on email but when we think about our priorities, email isn’t even on there.

There are two types of emails:

1. Ones that require actual work.
2. Ones that just need to be “dealt with” (responded to, forwarded, filed etc).

While we tend to be more afraid of the former because nobody likes more work, the sheer volume of the unimportant mail adds up. Research on interruptions shows that the second kind are very harmful to productivity — it takes 1.5 minutes to read and recover from an average email. Since most email clients and webmail UIs allocate the same amount of screen real estate to each email, our brain is tricked into giving them the same amount of attention.

However, not all emails are created equal: some emails need to be dealt with right away (important/urgent), others can wait until later (important/ non-urgent), and everything else should be processed in bulk (unimportant.) In other words, you should have a prioritization system even within your inbox.

As venture investor Chris Sacca once tweeted, “Your inbox is a to-do list other people can write on. Focus on your own to-do list. Stay on the offensive.”

Dmitri Leonov leads business development, sales and marketing efforts at SaneBox. Prior to Sanebox, hefounded Wanto, a social networking app which brings together people with common goals. Previously Dmitri spent several years at Overture (acquired by Yahoo) in a number of sales strategy and business development roles. He was responsible for launching Yahoo’s Global Reseller Channel, and led business development efforts in Emerging Markets. Dmitri graduated from UC Berkeley with a BS in Finance.

Top image via Shutterstock 

Sept. 9 - 10, 2013
San Francisco, CA

Early Bird Tickets on Sale

Cloud-hating Oracle chief executive Larry Ellison has had an about-face: He actually likes the cloud. In fact, he likes it so much that Oracle will be launching a full suite of cloud-based products on June 6.

Ellison has been a self-proclaimed “cloud-hater,” mostly because up until October, 2011 Oracle’s primary business was based on powerful hardware and software solutions. At the conference, he warmed up to the term during an interview with All Things D’s Kara Swisher.

“They don’t call it the Internet any more. They call it cloud computing,” Ellison said, throwing out one of his trademark sweeping generalizations.

“I’m no longer resisting the name ‘cloud,’” he said by way of explanation. In fact, he says, he was responsible for the genesis of some of today’s most successful cloud companies, including NetSuite (“NetSuite was my idea”) and Salesforce.com (“six months later Marc Benioff copied it”). What bugged him before was the notion that the cloud was something radically new, rather than an evolution of the Internet.

Now, however, he thinks differently. “I like the word ‘cloud’ because it’s a charismatic brand,” Ellison said.

Oracle’s June 6 launch of “Oracle Cloud” will include a platform-as-a-service (PaaS) offering as well as the full suite of Oracle applications, all delivered as software-as-a-service (SaaS).

“For the first time you’re going to have a complete ERP and complete CRM suite on the cloud,” Ellison said.

He had sharp words for cloud-based competitor Workday, which he called “frail.”

Oracle has also been doubling down on the hardware business, thanks to its $5.5 billion acquisition of Sun, which Ellison said has already paid for itself.

“Sales are going down in hardware, but the unprofitable part is going away. Our margins are the highest of anyone in the server business. The sales are down 20 percent, but the profits are up,” Ellison said.

One of the reasons he likes the hardware business, he said, is that it’s “90 percent software.”

And, he added, Oracle wants to do more hardware manufacturing in the U.S., starting with its Hillsboro, Oreg. location.

“We are bringing a lot of manufacturing jobs back to the United States,” Ellison said. But, he added, it’s a challenge, because of a critical shortage of manufacturing engineers in America. One way to address that, Ellison said, is through immigration (an argument made earlier in the day by LinkedIn CEO Jeff Weiner, incidentally).

“We have got to have a more balanced immigration policy. Immigration is a good thing,” Ellison said.

On his company’s recent court battle with Google over Java, Ellison seemed pleased, despite a decision that went largely against Oracle. In fact, Ellison said, the court found in favor of Oracle on copyright infringement.

“We won on infringement. They were infringing our copyrights,” Ellison said. But because the litigation is still ongoing (which presumably means Oracle will be appealing the decisions), he didn’t comment further.

Sept. 9 - 10, 2013
San Francisco, CA

Early Bird Tickets on Sale

If you thought cloud companies lacked a sense of humor, think again. NetSuite’s SuiteWorld partner conference in San Francisco opened with a “Wayne’s World”-themed video, in which chief executive Zach Nelson (as Wayne) and founder Evan Goldberg (as Garth) talked about the company’s grand plans to change business software.

Those plans include a new e-commerce focused service, SuiteCommerce. Nelson unveiled the new “commerce as a service” offering, which manages online, mobile, and brick-and-motar transactions and customer interactions.

“We’re transforming how your business operates and how your business interacts with other businesses,” said Nelson. “Customers want to transact with several different devices and they want you to remember them across devices.”

SuiteCommerce includes enterprise resource planning services, customer-relationship management features, and support for global transactions NetSuite is also offering a SuiteCommerce API so it can integrate with a partner’s technology.

One the first companies to partner with the SuiteCommerce is mobile payments startup Square. NetSuite’s services will connect with Square Register, a mobile point of sale system using a cash register. On Square’s side, merchants will have a way to take payments and then they can use SuiteCommerce to manage sales and customer interactions.

“SuiteCommerce has support for any device, any business model, and it can modified for an ever-changing landscape,” Nelson noted. The hope is that any company can be the next Amazon, equipped with a full-featured online store.

NetSuite already has a strong e-commerce presence in its business, with 11.2 million products being managed on 2,800 websites run by the company, according to Nelson. Now it is branching out to manage online and in-store sales and reduce the “hairball” of communication that happens during every transaction. The company is also focusing on machine-to-machine business transactions, where humans aren’t involved.

“The human as a CRM system will be a thing of the past,” said Nelson in reference to the increasing use of machine to machine transactions.

NetSuites counts Evernote, Roku, Jawbone, and Airbnb as customers. Nelson also announced that SAP, a major competitor to NetSuite, has renewed its license with NetSuite to use its services for part of its business needs.

The company, founded in 1998 long before the likes of Salesforce, provides a suite of accounting, customer relationship management and other business software through the cloud. It calls it services ”enterprise resource planning” (ERP).

Photo: Sarah Mitroff/VentureBeat

BizSlate unveiled a supply-chain management tool for small medium-sized businesses today.

Until recently, enterprise resource planning (ERP) software has been an expensive, complicated proposition, offered by the likes of SAP, Oracle, and Sage to large companies that can afford multi-hundred-thousand-dollar packages and consulting contracts that can run into millions of dollars.

But small businesses have supply chains, too, and getting a handle on what’s where is an increasingly important competitive point in the global marketplace.

BizSlate’s ERP solution offers small businesses, typically with 100 employees or fewer, the ability to monitor and diagnose supply chain and operational issues as efficiently as larger companies, but with a lower cost. It’s a software-as-a-service (SaaS) solution, delivered over the internet. Among the features BizSlate offers are support for the following:

• Placing orders to factories for products
• Receiving products into inventory
• Receiving customer purchase orders
• Generating sales orders and fulfillment documents
• Printing pick tickets, packing slips, and shipping labels
• Shipping products to customers
• Creating customer invoices
• Automatically syncing with QuickBooks for general ledger and financial reporting purposes

BizSlate unveiled its ERP solution today at the DEMO Spring 2012 conference in Santa Clara, Calif.

CEO Mark Kalman

“It is exciting to fulfill our mission of helping [small and medium businesses] overcome the challenges they face managing their supply chain,” said cofounder and chief executive Mark Kalman (pictured) in an email to VentureBeat. “SMBs need to remain agile, they need rapid access to key information from anywhere in the world, and they need to maximize efficiency in their warehouse and back-office.”

Although it’s delivered over the internet, BizSlate’s technology is based on Java and Oracle on the back end. The company has raised a total of $370,000 to date from Kalman and from BizSlate’s 19-company customer steering committee, each of which contributed an average of $18,000.

These customers have been instrumental in helping BizSlate develop its ERP offering, Kalman said, providing input, guidance, and feedback from the company’s earliest stages.

Previously, Kalman was co-founder and chief executive of eZCom Software Inc., a SaaS Electronic Data Interchange (EDI) provider focused on helping SMBs streamline supply chain operations around EDI relationships. While at eZCom, he realized that almost half of his customers were using QuickBooks and were having difficulty integrating their own supply chains with Intuit’s tool. He left eZCom to start BizSlate in October, 2011.

The company is based in New York, New York.

BizSlate is one of 80 companies chosen by VentureBeat to launch at the DEMO Spring 2012 event taking place this week in Silicon Valley. After we make our selections, the chosen companies pay a fee to present. Our coverage of them remains objective.

Photo and screenshot courtesy BizSlate.

Sept. 9 - 10, 2013
San Francisco, CA

Early Bird Tickets on Sale

Software giant SAP acquired internet software company SuccessFactors on Saturday for $3.4 billion, in what most accounts praised as a commendable move to embrace the so-called “cloud.”

The “cloud” is a buzz-word that refers to the new way applications are being delivered: over the Internet.

Some analysts said the price SAP is paying for SuccessFactors was “nuts.” It’s a whopping 49 percent premium over SuccessFactors’ market value. SuccessFactors sells software that helps manage employee performance. This doesn’t exactly exude sex appeal. It’s also not a big play in mobile, big data or any of the other buzz-worthy areas considered broadly strategic these days.

But looked at more closely, the SuccessFactors deal is more than just another purchase by a hungry software giant trying to transform itself. From what I can garner, it’s actually a brilliant move on several fronts. SAP is way behind the cloud movement, and this purchase could help it catch up. And the deal could even propel SAP into a more compelling beast still, by helping it actually break free from the chains to its existing model, which is to sell software upfront to companies for thousands (or even millions) of dollars — something few companies want to do anymore. More on this in a second.

If SAP pulls this acquisition off properly, it could deal solid blows against Oracle, its main competitor, and IBM, another competitor. My analysis is helped by an interview earlier today with SAP’s Sanjay J. Poonen, president of global solutions, and informed by the insights picked up at the CloudBeat conference we produced last week, during which we talked with several experts, including Oracle’s Rick Schultz.

Here are nine main reasons this looks like a deft move:

1. Talent management is the future

Talent management is a key area of growth in the economy going forward. Ask your company’s human resources or recruiting expert; they’re likely to concur. With the Web, people can boost their profiles, they become more accessible, and they’re therefore more poachable. That means companies need to act more agressively to protect their valuable employees. Distinguishing the good from the bad performers is crucial.

LinkedIn founder Reid Hoffman once told me created created his company on the conviction that on the web, people have essentially become small businesses (concerned with pushing their personal brands). Employees care more about where they work, and they’ll move quickly to find better work.

Ray Wang, head of San Francisco-based Constellation Research, told BusinessWeek: “What SAP had in human resources — basic transactional software such as payroll — was good enough for the old era. In the new era, performance reviews and talent management will be important.”

SAP’s Sanjay J. Poonen, President of Global Solutions, asserted the same thing in his interview with VentureBeat today. He pointed to the growing competition between companies — and countries — to attract employees.

“This is a talent economy,” Pooenen said.

SuccessFactors CEO Lars Dalgaard

2. Talent? Well, SuccessFactors has that too

Lars Dalgaard, SuccessFactors’ CEO (pictured left) is considered a passionate, savvy leader, and SAP picks him up with this deal. He’ll become the executive vice president of cloud at SAP, helping the company navigate one of the most important future industries.

Add to this the fact that SAP has lost some talent lately, namely John Wookie, who had headed SAP’s on-demand strategy, and Jeff Stiles, SVP, Solution Marketing, another executive who led on cloud issues, but who leaves in January.

SAP has flubbed its efforts to build much of worth in the cloud so far, and Dalgaard could really help.  He’s shown what he can do: He founded SuccessFactors ten years ago, raised a little more than $45 million, and is now selling it for $3.4 billion — no small feat. By the way, Dalgaard launched  the company’s “Dashboard” product at DEMO, the conference we co-produce, in 2005 (watch this demo to see him in action).

3. Employee Performance gives SAP a leg-up on competing products

SuccessFactors is the undisputed leader in its field. Recently, Forrester rated the Plateau Systems talent management software the best in its sector, and Plateau is now owned by SuccessFactors (SuccessFactors bought it in April). Oracle’s horse in this race is PeopleSoft, which is part of the new Oracle Fusion, but the product is widely considered inferior. It didn’t even show up in the list of Forrester’s top talent management vendors. Indeed, it’s precisely the lack of innovation in the so-called “human capital management” (HCM) area by the big software leaders — SAP included — that led to the rise of other players in this space such as Taleo (whose revenues come mostly from recruiting), Workday, Ultimate Software, and Cornerstone OnDemand. Some say the latter is SuccessFactors’ toughest competitor.

4. It fills a big hole in SAP’s own offering

With the acquisition of SuccessFactors, SAP can now boast it covers the four top segments where cloud providers offer software: customer relationship management (CRM), collaboration, procurement and human capital management (HCM). So far with its HCM, SAP has offered core HR and payroll software, but it hasn’t offered a cloud compelling employee performance software. While SAP has offered on-premise talent management software (as well as on-premise workforce analytics, and shared services delivery), SuccessFactors enriches that considerably with its focus on the cloud.

SuccessFactors actually comprises several offerings, including talent management, recruiting management, goal management, performance reviews and business execution. More significantly, picking up SuccessFactors will likely help SAP slow the rumored hemorrhaging of SAP customers to companies like SuccessFactors, Workday and SalesForce. Other SAP customers, including Siemens, had started using best-of-breed on-demand (cloud) talent management apps like SuccessFactors alongside their SAP core HCM product — causing a dangerous beachhead for them to start using other cloud products in other areas.

Pages: 1 2

Sept. 9 - 10, 2013
San Francisco, CA

Early Bird Tickets on Sale

SAP has announced plans to acquire cloud-based business software provider SuccessFactors for $40 per share, a 52 percent premium over the company’s closing price of $26.25 on December 2. The deal is worth $3.4 billion.

SuccessFactors provides online tools for managing employee performance, including performance management, setting goals and managing to them, setting compensation accordingly, and training. Its stated mission is to make each customers “a more meritocratic place to work, where promotion and pay is based on performance and not politics.”

By acquiring SuccessFactors, SAP — a giant in legacy enterprise software — is making a big move to establish a presence in cloud services. It will have major challenges integrating SuccessFactors into its complex array of enterprise offerings, however.

SuccessFactors went public in 2007 and has made a string of acquisitions of its own over the years, including Jambok, a company that provided video education for employees; YouCalc, a business analytics software firm; and CubeTree, a social network for businesses (sort of like a Facebook for businesses).

SuccessFactors’ 3,500 customers (acorss 168 countries) pay for a total of 15 million subscription seats, making it one of the largest cloud companies in the world. Although it lost money in its early, pre-IPO days, the company stated that it posted 77 percent revenue growth year-over-year in the third quarter 2011 and 59 percent revenue growth year-over-year in the first nine months of 2011.

SuccessFactors was founded in 2001 by Lars Dalgaard. It is based in San Mateo, Calif. and has 1,450 employees. SAP, based in Walldorf, Germany, is one of the world’s largest enterprise software companies.

Hat tip: TechCrunch

Rather than getting all their office apps from one vendor, he said, the best strategy in the enterprise space — and now the consumer space — is to find a service that wraps together the best apps from multiple companies that all do one thing very well.

Box.net (which specializes in enterprise cloud storage) is moving in that direction by adding the ability to access and use files from other companies like customer relationship management software provider Salesforce.com and Google Docs, an online document editor. That’s also a strategy that companies like Microsoft and Apple seem to be avoiding, Levie said.

“With iCloud, Apple’s … seeing the cloud as a way to connect their devices together and their software,” Levie said. “We think it’s moving in the direction of openness, by combining the tools together and making it work seamlessly.”

iCloud is Apple’s next iteration of MobileMe, which will include access to online mail, contacts, and calendar applications. When a user makes a new contact or calendar entry on his or her iOS device, the entry is automatically put in the cloud and then pushed to all other iOS devices. If you ever change that information, it is automatically updated on all devices. Apple chief executive Steve Jobs also talked about three other new iCloud apps — Documents, Photo Stream, and iTunes in the Cloud — when he unveiled the service in June.

Levie said that Microsoft was attempting to do the same thing with Office 365, the company’s online version of its flagship Office software. It’s a cloud-based version of Office and gives customers access to document editing, email, customer relationship management (CRM) and enterprise resource planning (ERP) software under a single blanket.

Box.net’s strategy is to do one thing — cloud storage — and be very good at it. And if Levie’s prediction of where the market’s heading plays out, the company could see a big payoff. The startup seems to have investors convinced that it’s on the right road — it just managed to raise a $48 million round of funding that it will use to double its engineering and sales staffs. On the other hand, it’s difficult to discount Microsoft and Apple’s strategies — with market caps of $209 billion and $300 billion respectively, they certainly have a lot of weight behind them.

But Box.net does currently has 6 million users. Some 60,000 businesses employ its cloud-storage software, including 73 percent of Fortune 500 companies. That figure is up from around 66 percent in February. The company is also no stranger to mobile — as of January, its iPhone application recorded more than 250,000 downloads and its Android application had been downloaded more than 70,000 times.

“We can only build so much and of our limited time we want to be the best place to store and manage your data,” Levie said. “The competition thinks very differently.”