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This SaaS Founder Sold His Business to Oracle for $9.3 Billion In November 2016, NetSuite was acquired for $9.3 billion. Founder Evan Goldberg explains how it happened.

By James McKinney

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

James McKinney's guest this week is Founder and EVP of Oracle NetSuite Evan Goldberg. According to Goldberg, the idea started with a five-minute phone call in 1999 where he and Larry Ellison discussed the idea of selling software from a place that would one day come to be known as the cloud. One year later NetSuite was selling to customers.

After piloting NetSuite through two financial crises (the dot-com bubble and the 2008 market crash), Goldberg eventually sold his company to Oracle for $9.3 billion. Watch a snippet of the interview above to learn about how he did it, or find the full story here.

Related: He Came Up With a $2 Billion Business Idea While Making $7 Per Hour

James McKinney

Creator & Host, The Startup Story

James McKinney is the Founder & Host of The Startup Story, a multi-channel brand platform that brings the lessons of highly successful founders directly to the everyday founder. Whether it is through The Startup Story podcast or via the Startup Story LIVE event series, entrepreneurs everywhere can receive tactical and practical guidance from founders who are a few steps ahead.

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