Deals
Salesforce Founder Benioff Steering Clear of Unicorn Investments
- Billion-dollar startups must go public to check valuations
- Yahoo CEO Mayer facing issues confronted by all top executives
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Marc Benioff, co-founder and chief executive officer of Salesforce.com Inc., said he’s done investing in tech startups claiming to be worth more than $1 billion.
Instead, these startups known as unicorns need to go public and let the markets “rationalize” their valuations, Benioff said in an interview with Stephanie Ruhle that aired Wednesday on Bloomberg TV.