Marc Benioff’s Race to One Billion Agents

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The Circuit with Emily Chang 33 min 3 speakers 8 chapters transcribed 23 days ago
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What is the main topic discussed in this episode?

Jason Kelly 0:00
Have you ever wondered how Jesse Cole took the Savannah bananas from this? We
Alex Rodriguez 0:04
had a six million dollar failure last year. We're gonna have bigger ones as we go. To this, we've got shareholders, investors I've reached out to us regularly, and the answer is always no. Or why L Duncan would say this about a Netflix sports broadcast.
Emily Chang 0:17
Sometimes we're gonna take really big swings and we're gonna freaking whiff.
Alex Rodriguez 0:20
Then the deal is the show for you. It's a Bloomberg podcast hosted by me, Alex Rodriguez. And me, Jason Kelly.
Jason Kelly 0:27
We talk to the biggest names in the world of sports and business, including NBA Hall of Famer Tracy McGrady, on one of his biggest blunders. I think I've created some magical.
Alex Rodriguez 0:38
Mm-hmm.
Jason Kelly 0:39
Well I struck out. And you'll even get some of my baseball hot takes. I've had owners tell me it doesn't matter, the game has to be fixed, it's broken. If we have to lock out the whole year, we will.
Alex Rodriguez 0:50
New episodes air every Thursday. Don't miss out.
Emily Chang 1:00
I'm Emily Chang, and this is the podcast version of the circuit. My show on Bloomberg Originals. There's one building that rises above the rest of the San Francisco skyline. It's home to a software giant whose story begins somewhere more tropical. I heard something. Did you really come up with the idea for Salesforce while you were swimming with dolphins in Hawaii?
Marc Benioff 1:21
I did, I did. I I I do a great dolphin imitation. Did you know that? Can
Emily Chang 1:25
you Пош ⁇ л понять. How do they respond? The dog? This is Mark Benioff, CEO and founder of Salesforce, the world's number one customer relationship management or CRM software provider. They sell cloud-based business tools for sales, marketing, e-commerce, all that good stuff. It might sound niche, but their clients include the likes of Apple, Boeing, Amazon, and more than 150,000 companies. Benioff has been called a master networker, a force of nature, Mr. Disruptor, and the fresh prince of software. Let's just say subtlety isn't really his thing. At its core, this is a story all about software, a self-taught teenage programmer turned visionary tech billionaire. And believe it or not, it all starts with a customer service job.
Emily Chang 2:15
In 1986, you could find Benioff answering customer calls at a not-so-little future competitor called Oracle. Under the wing of longtime CEO Larry Ellison, Benioff's knack for sales took him straight to the top. Today, Benioff is all in. On the AI boom with a new product, AI Agents, a digital workforce to autonomously complete tasks. He isn't the only one betting big on agentic AI, but true to form, he's all in. Good to see you. Thanks for having us. Here we are back in the Ohana room.
Marc Benioff 2:48
Welcome back.
Emily Chang 2:49
Thank you, Ohana.
Marc Benioff 2:50
I'm so happy to have you. I know you know what Hawana means.
Emily Chang 2:54
Great.
Marc Benioff 2:54
How do you know that?
Emily Chang 2:55
It means how do you know what
Marc Benioff 2:56
Ohana means?
Emily Chang 2:57
I'm from Hawaii.
Marc Benioff 2:58
You're Hawaii. Are you all Kama Ina, a native Hawaiian?
Emily Chang 3:02
I'm a comma I know.
Marc Benioff 3:03
Were you born in Hawaii? I
Emily Chang 3:04
was born in Hawaii, born and raised.

How did Marc Benioff’s early life in San Francisco shape his vision for Salesforce?

Emily Chang 3:05
And you love Hawaii, but
Marc Benioff 3:06
I love Hawaii too.
Emily Chang 3:07
But next time if we do this I want my ties on the big island.
Marc Benioff 3:10
Let's do it.
Emily Chang 3:10
Deal?
Marc Benioff 3:11
Come over.
Emily Chang 3:12
I've interviewed you many times from your false cloud days, many, many dream forces. But I wanna go back a bit to young Mark growing up in San Francisco.
Marc Benioff 3:21
Yes, young Mark, right.
Emily Chang 3:23
So your parents ran department stores, you grew up your first job was cleaning jewelry
Marc Benioff 3:28
Benioffs department stores.
Emily Chang 3:29
Benioffs department stores. Who was Mark Benioff before Mark Benioff?
Marc Benioff 3:35
Do I even exist? Is this an existential thing? Should I bring in some spiritual guru?
Emily Chang 3:40
But seriously, tell me about you as a kid.
Marc Benioff 3:43
I was born right there,
Emily Chang 3:44
yeah,
Marc Benioff 3:45
literally about six blocks away at Mount Zion Hospital, UCSF now. right on Divisadero Street, nineteen sixty four, sixty years ago, and I grew up right there for two years. Then I moved right there for a while and then I went to college right down there.
Emily Chang 4:06
So this is your hunt.
Marc Benioff 4:07
And this is where I yeah, I feel very comfortable here.
Emily Chang 4:10
You basically invented the SaaS industry, software as a service, and made it possible for everything from Netflix to Spotify to businesses at Google and Microsoft.

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