![]() ![]() ![]() We will announce the winner at next week’s episode. To enter, go to saasrevolution.show and sign up for the raffle until Wednesday, September 19th at midnight. It’s a once in a lifetime chance to meet exceptional founders and have up-close conversations with them. Inspired by Okta and Frederic’s story we want to bring one lucky SaaS Revolution Show listener to SaaStock and SaaS.City for free, with something money can’t buy on top – an invite to our Speaker’s dinner. What has played the biggest role in its success.What is essential in the preparation for it.What the road to IPO has been like for Frederic and Okta.And SaaS is stronger than ever, just as Frederic and Todd predicted it would be. Nearly a decade after Frederic co-founded the company, Okta has over 5100 customers, earns $300M in ARR and its shares have just reached an all-time high. In addition, he makes 832,132 as Co-Founder y Exec. Mr Kerrest owns over 300 units of Okta Inc stock worth over 977,265 and over the last 5 years he sold OKTA stock worth over 215,533,344. The way they saw it, that meant going for an IPO. The estimated Net Worth of Jacques Frederic Kerrest is at least 217 Millón dollars as of 27 June 2022. From then on, their mission was to built a healthy independent software company. They raised $1M in Seed initially, half of which came from Ben Horowitz and Marc Andreessen who were about to join forces and establish Andreessen Horowitz. They took Identity management from the premises of behemoths like Oracle and IBM and put it on the cloud. This week’s guest on the SaaS Revolution Show, Frederic Kerrest, left Salesforce when he had learned a huge amount about SaaS and in 2009 co-founded Okta, a company that brought identity management to the cloud.įrederic and his co-founder Todd McKinnon had met in Salesforce. He started and built the Latin America sales organization, Mobile group and OEM / Reseller programs. He spent five years at Salesforce, working in sales and business development. But Frederic knew that was destined to change. In comparison, Salesforce, which in 2002 was the only one charging on a subscription basis, had an ARR of around $25M. On paper, enterprise on-premise software ruled the world, banking $500B in revenue a year. It was early on in his time at Salesforce that Frederic Kerrest knew SaaS was going to be huge. ![]()
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