Y Combinator has appointed Garry Tan as president and CEO beginning next year. Tan, a former Y Combinator partner, replaces Geoff Ralston, who’s led the Silicon Valley accelerator since 2019. Tan particiated in Y Combinator as a founder of blogging tool Posterous in the summer of 2008. Shortly before selling his startup to Twitter in 2012, Tan joined Y Combinator as a designer in residence and...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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