Who wins. Who is invested. BYU alumnus and Domo CEO Josh James, opens the door to the Jimmer Meeting Room at Domo Headquarters in American Fork on Sept. 30. Who is first. In disclosing risks, the annual report also notes that the way Domos common stock is structured in two classes concentrates voting control with James. For more than two years, the company has been leasing a private jet owned by a partnership called JJ Spud, which is controlled by James, at a rate of $3,276 per flight hour. It shows a company that is deeply in the red and burning through cash so fast that if it cant stage its IPO by August or borrow millions, it will have to shrink drastically conceivably, reading between the lines, to nothing. I kind of ran it by myself with people from our company for about 10 years, he said. Tableau Software is a major player in the business intelligence market, though the space is becoming increasingly competitive. A company agreement with James, filed with the Securities and Exchange Commission, says that if Pestana leaves the board before the agreement terminates in 2023, James will be entitled to identify a new independent director to replace him. James has been talking about this IPO since 2015. sltrib.com 1996-2023 The Salt Lake Tribune. The pitch for Domo was that it would fill in some of the gaps in enterprise data analysis that Omniture had left open, providing access to real-time marketing information that would help CEOs run their companies more efficiently. Whos old. Stay up to date with what you want to know. It's like digital asset management, but it aims for With its Cerner acquisition, Oracle sets its sights on creating a national, anonymized patient database -- a road filled with Oracle plans to acquire Cerner in a deal valued at about $30B. "Josh has said numerous times he would love to be running Domo when he's 70 years old; but he's also said numerous times he will always look at any acquisition offer that comes along as it is the responsibility that he has to shareholders," Domo spokeswoman Julie Kehoe said. Known in Utahs tech community as a successful entrepreneur, James co-founded Omniture with John Pestana and facilitated its $1.8 billion acquisition by Adobe before starting Domo. Who betrays. Josh James is an American entrepreneur, founder and former CEO of Domo, a software-as-a-service (SaaS) company. Who is host. Who is groomed. Who goes through hell. Who is in quest. The $200 million run rate he predicted in 2015? Who is up. Who is there. (The company declined to comment on the registration statement.). Who gives up. The company retained the tax benefit, known as Economic Development Tax Increment Financing. The new-look, mobile-first Domo took 2.5 years to build and test, the company says, while its been positioning itself to be able to go freemium with its business model for as long as five years, its CEO adds. Different people have different leadership styles. James might be at the top of Silicon Slopes now, but he hasnt forgotten how his time at BYU allowed him to see that students like him could start successful companies. Who is bad. James was the co-founder of Omniture, Inc., a provider of online business optimization products and services, and from 1996 to 2009, he served as its chief executive officer. James said that hearing from families who have benefitted from a program he approved is one of the best parts of his job. (exechange) Silicon Slopes, Utah, March 1, 2022 Josh James, chief executive of Domo, leaves. Pre-IPO, James has 91.7% of the votes. The company burst onto the high-tech scene in 2015 with a putative $2-billion valuation by venture investors. It takes a company's data from hundreds of applications and turns it into charts, graphs, insights. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Josh James Domo is a famous person who is known worldwide for his work. Earlier this year, analysts identified Domo as a likely candidate to be the next big cloud acquisition, especially after Salesforce bought Tableau, a major rival to the company, and Google snatched up the similar Looker. "Both are highly competent executives, and they're getting well-deserved promotions and recognition," Henschen said. As data governance gets increasingly complicated, data stewards are stepping in to manage security and quality. Copyright 2010 - 2023, TechTarget Who heals. WebJosh James (@domojosh) Instagram photos and videos domojosh Verified Follow 371 posts Josh James Entrepreneur I need ammunition; not a ride!! Keeping this cookie enabled helps us to improve our website. Who fights for honor. Its founder says that the fundraise was opportunistic to give the company enough runway to reach cash flow break even, without potentially punitive provisions from investors to maintain the high valuation. Industry analyst Ray Wang of Constellation Research identified SAP and Google as potential acquirers, while other names that have come up include Amazon Web Services and Salesforce. Please enable Strictly Necessary Cookies first so that we can save your preferences! This introduction explores What is media asset management, and what can it do for your organization? Domo did not give an explicit reason for Josh Jamess departure from the CEO post. WebThere are 1200+ professionals named "Josh James", who use LinkedIn to exchange information, ideas, and opportunities. Who is at eye level. deductible, Report a missed paper by emailingsubscribe@sltrib.comor calling801-237-2900, For e-edition questions or comments, contact customer support801-237-2900or emailsubscribe@sltrib.com. Who hurts. Domo said: Josh James has stepped down as the companys CEO, Chairman and as a director., Domo further said: Mr. Who is hired. and Aruba during the Annual Partner Awards Ceremony held at Sydneys Doltone House on 1 December 2022. When that didnt work, he changed tactics. Within days, James was working from his hospital bed. Now they want to use AI to find your friends too. Now Utahs tech sector is booming. Whos number 1. In James set-up, he showed off the different metrics needed for board meetings with his investors (but not too closely for FORBES to see all the data). Facebook gives people the power to share and makes the Who scolds. Domo Chief Financial Officer Bruce Felt's previous company SuccessFactors, where he was also CEO, sold to SAP for $3.4 billion back in 2012. When I went out to Silicon Valley to try and raise money for my company, we literally were getting one-sixth the valuation of our competitors who were doing the exact same thing and were the exact same size, James said. Who is a friend. Heres a list, Dr. Simi is thrown at pop stars including Dua Lipa and Rosala. He was also the co-founder of Omniture, which was acquired by Adobe in 2009. (Credit: Rebecca Ricks/Domo). We had the youngest and most educated population in the country, James said. Josh James received $537,000 in salary, bonus and other compensation last year; but it looks like he may have pocketed more with these side deals. Who resigns. Subscription revenue, key for the cloud-native analytics vendor, represented 85% of total fourth-quarter revenue and was up 19% year over year, and for the full year represented 86% of total revenue and was up 21% year over year. The board may require Pestana to to be recused, or may restrict his access to information, in connection with any future proposals from James, the agreement adds. It hit a $2 billion valuation by 2016, before many people had even heard of it. I have an aligned and substantial interest in Domo doing well, and Ill continue to be its biggest cheerleader, James said. Who is sorry. Who is at rest. Domo offers cloud software for "business intelligence and analytics." I'm certainly not opposed to selling the company. Who is gone. "But I have to admit, I am always surprised when founders stay as long as James did.". With two legislative days remaining until Who assists. Who recovers. James invested a couple million dollars into Silicon Slopes and dedicated himself to making it take off. Workday co-CEO Aneel Bhusri to leave post, SPS Commerce CEO Archie Black leaves post, Workiva CEO Marty Vanderploeg leaves post. Domos new fund to invest in partners follows a playbook established by other would-be business ecosystem leaders like Who is praised. Domo founder and CEO Josh James Domo Domo is led by its charismatic founder CEO Josh James, who previously founded Omniture and sold it to Adobe for over $1 billion in 2009. Who suffers. Your email address will not be published. Wong has been at Domo since 2013 and has long guided Domo on the product side, he noted, and will "no doubt have a big and important role as COO.". The registration statement reveals that Domo will have a two-class stock structure, with Class A, owned entirely by James, granted 40 votes per share; Class B, owned by everyone else, will be granted one vote per share. James wanted to create a way for people in Utah to see that the CEOs of big tech corporations were not that different from them. Domo, a Utah-based data-analytics company currently valued on the public markets at just shy of $1 billion, is expected by many analysts to be the next big cloud acquisition target. He's known for being a motivational speaker and an expert salesman, sometimes compared to Salesforce founder Marc Benioff. Who leaves for good. Centered around Domos own app, Domo Mobile, it includes an app store of business tools and partners (think Investors should stay away from this IPO. After selling Omniture to Adobe for $1.8 billion in 2009, Josh James' next act is Domo, a company that offers business analytics and other operational insights pulling from a range of sources into one app. Follow him on Twitter at twitter.com/hiltzikm and on Facebook at facebook.com/hiltzik. whole slew of other business-intelligence tools. WebJosh James, Founder/CEO of Domo (& Founder/CEO of Omniture) shares learnings from building two unicorns. Domo employee Domonique Stephan said she realized she would need to take advantage of the benefit, which helps employees pay for in vitro fertilization or other fertility services, a few months after she was hired. However, in 2016, Domo insiders told Business Insider that some of the company's offerings were still somewhat immature at that point, and that the company tended toward hype, as many startups often do. Clark is a longtime tech executive and the current chair of the Go Utah Board, which serves as the board of directors to the Governors Office of Economic Opportunity. Join Facebook to connect with Josh James and others you may know. In the company news release, James said he was very excited for Domos future under Mellors stewardship as the new CEO. WebJosh James, Founder and CEO, Domo. Who is an enemy. As part of its app push, Domo said it has 1,000 partnered business apps in its new app store, while making its original core business free for most users. Domo BI update includes app development, multi-cloud Domo management expansion signals strategic shift. Youd think, Who owns that house,' or, Who owns that company,' James said. Domo offers companies subscriptions to its business intelligence platform, which gathers data from multiple sources, making it more easily and quickly accessible for analysis, collaboration, visualization and reporting. But sources tell Business Insider the company's CEO Josh James, who has majority voting power, is reluctant to sell despite encouragement from bankers. It competes with a whole slew of other business-intelligence tools, including Tableau and Anaplan. Who bows. The filing as a whole points to a persistent flaw in Silicon Valley financing: the willingness to give start-up founders unassailable control of their companies, to the point that investors have no recourse if things go blooey. Who decides. Who leaves. You can find out more about which cookies we are using or switch them off in settings. Who is zero. Domo CEO Josh James onstage at Domopalooza in 2015. That placed Domo instantly in the community of unicorns, start-ups ostensibly worth $1 billion or more. Obviously, youth are attracted to tech, and because of that youth, we have a very tech-savvy state.. Major stock exchanges are starting to look askance at dual-class stock structures that vest supermajority control in individuals or small groups. "It's been a real challenge for business leaders over the past two years, starting with the pandemic and now heading into geopolitical instability," he said. Who packs out. According to Menninger, Mellor has the potential to be a strong successor to James. Domos move to slash its valuation by 75% in order to attract investors paid off, with the company successfully going public late last week. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Prior to Domo, James was best known for selling his previous company Omniture to Adobe for $1.8 billion in 2009. In fact, that confidence led him to drop out of BYU only a few classes shy of graduation. This means that Domo could be a benefit to just about any buyer. Why Domo's IPO Valuation Is Down Over 75% From Its Last Funding Round, Domo's Rumored $2 Billion Valuation Looks Steep Given Operating Metrics, Competition, Utah Unicorn Domo Files To Go Public, Latest Tech Startup To Cash In On IPO Rush, American Dream Leadership Series #3: Catherine Wong, DOMO, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Who is refunded. Indeed, Greylock'sAneel Bhusri and Benchmark's Matt Cohler sit on the board of Domo. Who is big kahuna. We could go public this year if we wanted to, he addsbut he said the same a year ago, too. Save my name, email, and website in this browser for the next time I comment. At the companys annual event in Utah called Domopalooza, James and Domo announced a new mobile-based app store and "business cloud" and $130 million in additional funding that maintains its valuation at $2 billion. The CEO change and other personnel moves -- Carine Clark is now Domo's executive chair and John Pestana was appointed a new independent director -- come with Domo in a strong financial position. Who is selected. Who is silent. In addition to hosting parties, James said he wants Domo to help its employees and their families by offering fertility benefits to their employees. Josh James, who founded Utah-based tech company Domo in 2010 and earned more than $12.3 million there in 2021, resigned effective March 1, according to a Domo has raised nearly $730 million in venture funding all told, and was valued at $2.28 billion in 2017, after its latest $115 million round in December 2017. Domo declined to comment on potential M&A activity. Who is major. Who sees green. Because the majority of his employees are married with families, as compared to Silicon Valley which is mostly single people, James has tried to find a way to convince not just his employees but their families that his company is a great place to work. ", He also said, "I didn't sell Omniture too early.