How Marc Benioff's 'side hustle' scored a $600 million windfall from the Google-Wiz deal
Briefly

Marc Benioff, CEO of Salesforce, leads Salesforce Ventures, managing $6.8 billion, with a strategic focus on AI and cybersecurity investments. His personal touch as an angel investor, termed a 'side hustle', has led to significant successes, including Wiz's recent acquisition by Google for $32 billion, which will net Salesforce approximately $600 million. Drawing from his own entrepreneurial background and mentorship experiences in Silicon Valley, Benioff enjoys collaborating with entrepreneurs to foster innovative ventures. His active involvement reflects a dedication to nurturing startups and leveraging his investment expertise.
Salesforce Ventures manages $6.8 billion and has invested $600 million of its $1 billion Generative AI Fund, showcasing their commitment to innovation in AI.
Marc Benioff's hands-on mentorship style with entrepreneurs, likened to his own early journey with Steve Jobs, underlines his dedication to nurturing new ideas.
Read at Business Insider
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