but i still have a large position in salesforce.m either the largest shareholder or one of the largest shareholders. >> no shareholder should be worried about your confidence? >> as one of the largest shareholders, i have never been more excited. >> you created the 1-1-1 model, giving 1% of time, equity, and profits to philanthropy. why is this the best way for companies to give back? >> on day one, we put 1% of our equity, 1% of our profit, and 1% of our time into a public charity. it was easy because we had no stock, no employees, no product. a very easy decision. now that it is paid out, we have delivered more than 680,000 hours of community service, $70 million in grants to nonprofits around the world, including big grants locally to public schools and hospitals, and -- this is what i am most excited about. more than 23,000 nonprofits and ngos use salesforce for free. that's a huge part of our philanthropic focus. >> you are san francisco born and raised. obviously the business is so important to you. why is giving back so impor

. >> salesforce has -- >> that might be true. >> what did salesforce do right that oracle has done wrong>> instead of delivering books or search results or something like that, we are delivering functionality. we have stayed very focused and dedicated to the idea for 15 years. because of that singular focus, we have been able to achieve great success and there is a message. you have to be dedicated. >> is there another message that oracle missed? >> oracle has a different message. the cfo at the time said, it is a good thing you are leaving. he said, it will be hard first to do a brand-new technology model and business model because everything from the wayou do software to the way you recognize the revenue is completely different. >> you and larry ellison has had a rivalry and a partnership. what is your relationship really like behind the scenes? >> we have a great relationship. i saw him sunday night where we were hugging and kissing. we have been friends for 30 years. it is very exciting. i do not think, with had -- i have had some great mentors. people i am thrilled to have. my paren

here spiritually i want to say thank you to march and listening for being great san franciscans salesforce habitation been there with me when it comes to education and housing housing with our vets this dream force is innovation and fin but more importantly something dear to me something that leader pelosi and i talk talk about i want to admit i also had the hesitancy of being mayor of san francisco and i wish for the day where i could talk to you-all all those companies coming in and say can we all work together to make that t this city successful well, you have the standard and sass.com in san francisco people pits that's 99 thing they focus on when they model the 311 model using people and technology and resources to reach out that really warms my heart when they to him come to the schools we can list the schools you up with innovation when the employees of salesforce say yes, we can give another million meals joining tony this is the essence of what i feel great companies companies that are started here in san francisco grew up here and will be here forever bay by the way, if you're wo

how does salesforce keep growing? >> the real test is how they make sure that they stay on the leading edge, that they constantly have a product pipeline. >> from a leadership perspective, is there a changing of the guard happening? >> i think nothing changed at oracle. [laughter] that might have had to do with the number of papers that larry has to sign. it will be similar for quiet a while. >> how do you see the digital payments and mobile payments race playing out? >> it is by far the most innovative and radical. ♪ >> let's talk about the next generation. you sounded the alarm about startups. another tweet storm. bear with me. new founders in the last 10 years have only been in the environment where money is always easy to raise at higher valuations. that wlil not -- that will not last. in all caps. when the market turns, and it will turn, we were find that many companies will vaporize. there are exceptions to all this. if you're reading this, you are almost certainly not one. then a single word, worried. what are

i sit down with marc andreessen at salesforce's dreamforce conference in this special edition of "studio 1.0." >> i wanted to start with a word of congratulations, because 20 years ago, netscape, which you co-founded, launched. can we get some applause for that? [applause] ushering in the web as we know it. how does that feel? >> it is fantastic. it is so extraordinary. we had a little bit of a glimmer that something might happen, that it might matter, that this internet thing might work out ok. and it turned out it has. >> you have been incredibly productive since. you started a little venture capital firm, andreessen-horowitz. you have also tweeted 33,000 times. >> in? >> in one year. >> thank you. >> which is more than all three founders of twitter combined. >> yes. that is true. >> since twitter started, by the way. >> i really think the stock in the company should be rebalanced. [laughter] >> we are going to reference some of your tweets throughout this conversation, and i wanted to start with this one, given the anniversary of netscape. this is true, when i came to silicon valley i

. >> it would make more sense for salesforce to be down.e it's going after is the work news feed, where people are going to discuss all the things going on at work. salesforce has a product called chatter they integrated that has that as well. look to jon's point i agree, these things usually don't get killed off by the incumbent. remember facebook's competitor snapchat didn't do anything. linkedin always had an engagement issue. people don't go back to it enough. you are friends with all of your work peers on facebook as well. it's another hit on linkedin i think. >> down 4%. people are going to obviously maybe err on the side of the caution. hard to underestimate facebook's ability it to spend where they want to spend, right? >> that is true. usually the threat of this thing that impacts stocks more than people looking too what is the real danger here. i mean companies like jive, certainly, need to be concerned about something like this. i think as jon mentioned, collaboration is an issue. it's not that easy to transfer the power of a net

from salesforce. much more on tech related news.y events of the week including china's first world internet conference. ♪ >> a quick look at the main events we are following for you. china's property prices on tuesday. a downturn in all but one city and that is a southern coastal town. and the world wide web on wednesday at a holes the first world internet conference. it is in a historic town. cyber terrorism and e-commerce expected to be on the agenda. christie's in hong kong on thursday, a tangerine ostrich birkin is almost $25,000. and friday's season the start of the final weekend of the formula one season. the drivers will championship. the rates will award double 2 mercedes drivers are in contention. a look at some of the other news. the european space agency said the, it completed its primary -- said the comet completed its primary mission. 67p.nded on all of the data was sent back to the earth. it ended up in the shadow, which means its solar panels are in the shadows and cannot recharge the battery. ♪ >> stocks in the asian

marc benioff, founder of salesforce, has transformed the way that businesses do business.s pioneered the flight to the cloud and a new model for philanthropy along the way. he launched a career at apple, under steve jobs, became a star salesman at oracle under larry ellison. then he went on to start one of oracle's biggest competitors. joining me, from dreamforce 2014, marc benioff. so great to be here at dreamforce, the largest software conference in thwo

i sit down with marc andreessen at salesforce's dreamforce conference in this special edition of "studio >> i wanted to start with a word of congratulations because, 20

i sit down with marc andreessen at salesforce's dreamforce conference in this special edition of "studio> i wanted to start with a word of congratulations because, 20 years ago, netscap

i sit down with marc andreessen at salesforce's dreamforce conference in this special edition of "studio

understand that the area around this project has been totally bunker because of the combination of the salesforce and the oracle stopping of traffic open howard street as well as fourth street what mechanisms do we have and should we have to correct traffic studies and projections all the traffic things in the eir and every other eir have infancies because they're not real the real world of fifbt of market they'd my experience where the office has been and the demolition is it's gridlock so we need to have real transmit information that is based in the world not fair people the planning department didn't usually have anything they're in the isolated practices if upper in this mess you would be paens so layer them on and give us more traffic information that's real. >> thank you. >> please extend the comment period as well. >> is there any additional public comment on the draft eir? okay. then the comment period is closed oh, sorry >> cal syrup san francisco clearing house the draft eir is insufficient in 3 areas first there is not any real discussion of the public policy of the package of the pac

marc benioff, founder of salesforce, has transformed the way businesses do business.oneered the flight to the cloud and a new model for philanthropy along the way. he launched his career at apple under steve jobs, became a star salesman at oracle under larry ellison and then went on to start what is now one of oracle's against competitors. >> as

or for salesforce to win. >> what about microsoft? company that you grew up with. >> there are specific product areas where we could potentially lose or be harmed by some of this transition, but there is an entire company at the macro level that does not necessarily have to lose. >> so companies like microsoft, google, amazon are dropping the price of cloud storage. how much of a threat is that? to box. >> we love that. the same unit of storage is now a 40th of a price and it was 10 years ago. on the supply side of our business. the cheaper storage gets, the more data we can store for a customer and the more we can deliver unique experiences around the content. >> you took on $150 million in funding from tpg. the company is now valued at $2.4 billion. why do you need that money? >> as you may have seen, we filed to go public in march of this year. basically, a week after we filed, there was a bit of a market correction in the tech stock space. so you saw a bit of volatility in a lot of high-growth technology companies. we decided it w

i sit down with marc andreessen at salesforce's dreamforce conference in this special edition of "studioi wanted to start with a word