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Jim Fowler

๐Ÿ‘ค Speaker
235 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

My mother and my brother lived out here in the Bay Area, and I decided to run away and join the Internet circus.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

I was, you know, being a snow farmer was a great, great thing to do for four years.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

But it wasn't something that, you know, was really dynamic at all.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

And I remember getting here to the, to the Bay area in 19, you know, 95, 96.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

Oh, I remember thinking, Oh, I've already missed the, you know, the boat, the gold rush has already occurred.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

Um, but, uh, um, actually, of course, as you well know, it was just beginning.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

And, uh, you know, what do you do when you've been a Navy diving and salvage officer and an owner operator of a skier and you want to get into the tech business?

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

Well, I became a salesman and I worked, I did several startups and worked my way up to VP of sales.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

And finally, uh, I'd been trying to think of ways to start a company.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

And finally, in, uh, in oh three, I came up with the idea for jigsaw, got it funded in the, you know, in the, in the, just the darkest part of the nuclear.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

So Jigsaw, um, was bought by Salesforce in 2010.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

As you mentioned, it was actually one of the largest, um, um, it was the, by far the largest acquisition that Salesforce had ever done at that point in time.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

It was, um, $175 million was the final price.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

There was an earn out on it that we got a hundred percent of.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

So, um, it ended up being 175 million, which is one of the largest acquisitions in 2010.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

Now people raise more money than that every day.

SaaS Interviews with CEOs, Startups, Founders
The Art of Selling Your Company

It seems like, but at the time it was a, it was a big deal.