We had the youngest and most educated population in the country, James said. Who is an enemy. Now, James makes sure to give back to the school whenever he can, including speaking at events held by the Marriott School of Business and giving monetary donations to the Young Ambassadors program, who he performed with as a student. James recounted hearing Jonathan Coons, the CEO and co-founder of 1-800 Contacts, speak at BYU about his experience running a successful company shortly after graduation and thought he could do the same thing with Omniture. ( Rick Egan | The Salt Lake Tribune ) Josh James, CEO/founder of Domo, at right, speaks with Ed Catmull, president of Pixar and Walt Disney animation studios and James owned nearly all of Domo's voting power at the time of the company's IPO in June 2018. as well as other partner offers and accept our. 2018 is already shaping up to be a good year for enterprise tech IPOs with Dropbox now public and Pluralsight,Zuora, DocuSign, SmartSheet, and Pivotal all filing their paperwork and waiting in the wings. Who commands. Who is under. Weve been lying to everybody about what we wanted to do, says James. "He's intelligent and knowledgeable about the market and has helped lead the company to this point in its growth," Menninger said. Who is left. Domo, a Utah-based data-analytics company currently valued on the public markets at just shy of $1 billion, is expected by many analysts to be the next big cloud acquisition target. Earlier this year, analysts identified Domo as a likely candidate to be the next big cloud acquisition, especially after Salesforce bought Tableau, a major rival to the company, and Google snatched up the similar Looker. Its so important that we highlight women and minorities that are having success so that everyone sees that success, James said. You can find out more about which cookies we are using or switch them off in settings. Who is gone. Josh James is on Facebook. Within days, James was working from his hospital bed. Who does well. James invested a couple million dollars into Silicon Slopes and dedicated himself to making it take off. Who loses. John Mellor, chief Domo, +2 more Who is host. Youve got to embrace what makes you different, James said. Read the full story in the exechange report 10.2022 ($). Who leaves for good. Who has headwind. To accomplish this, James has invited his employees families to Halloween parties at the office and tailgates for BYU vs. Utah games. A look at Domo's collaboration chat tools, Buzz. The days most visible group was Mothers Demand Action, members of which crowded the halls in a sea of red as they advocated lawmakers for gun control measures. In addition to hosting parties, James said he wants Domo to help its employees and their families by offering fertility benefits to their employees. (The menu does look delicious, but there must be caterers in American Fork, Utah, that arent owned by the boss, remarked Shira Ovide of Bloomberg). Who is selected. "It's easy to imagine James looking for a fresh start.". Catherine Wong, VP Product at Domo, talks about leadership and what motivates her. The $200 million run rate he predicted in 2015? sltrib.com 1996-2023 The Salt Lake Tribune. When Omniture started, there were a few tech companies in Utah, including Novell and WordPerfect. "But I have to admit, I am always surprised when founders stay as long as James did.". WebDomo insiders say that CEO Josh James faced a sharp backlash, and eventually apologized, after telling a story at an all-hands meeting that made some employees feel Who presides. Domo being investigated by state over CEO's remarks Those comments found Domo CEO Josh James under investigation by the Governor's Office of Economic Opportunity into whether or not he violated an agreement with the state. Who is confidant. This is based on 32.8 million weighted average sales outstanding basic and diluted. Precise information regarding Josh Jamess future plans was not immediately available. The Silicon Slopes nonprofit organization supports tech entrepreneurs statewide. Previously, Carine Clark held leadership positions in software, market research and marketing companies. I sold Omniture when we felt like we should have sold Omniture and it was the right time.". Even before Domo reported its earnings this week, Cowen analyst Derrick Wood told Business Insider that the company's bull run wouldn't be likely to turn away a would-be buyer, even if the price tag may have gone up a little bit. Someones got to be on top. Who is sorry. Who is groomed. Who is at C-level. Utah wraps up investigation into Domo The acquisitions of Tableau and Looker prove that data analytics is a hot market, with Domo as one of the last large independent companies. But sources tell Business Insider the company's CEO Josh James, who has majority voting power, is reluctant to sell despite encouragement from bankers. James resigned his employment with the Company effective March 1, 2022.. Pre-IPO, James has 91.7% of the votes. Domos using a hybrid cloud architecture to support the cloudand keep data secure for its customers, using some Amazon Web Services and some of its own data centers. Who is bad. Josh James is on Facebook. Who repeats. Sign up for notifications from Insider! In its announcement about James, Domo also announced promotions and changes to its board of directors. Hes also a sign of a crisis, ChatGPT who? meaning that by the time the tech world was paying attention, investors had already poured enough money into it that it was valued at more than $1 billion. You also can contact with him through Facebook, twitter and email. He has been a front-facing personality at Domo, interacting with Menninger and his fellow analysts, and has demonstrated knowledge not only about the vendor itself but also the analytics market at large. Kehoe, the Domo spokeswoman, said "Josh feels great about the acquisition of Omniture to Adobe and how it became a bright shining star and a big chunk of Adobe's overall strategy and business. Who steps up. James made headlines this year after he suggested Domo was awarded a Utah tax incentive worth up to $23 million to keep the company in Utah, even though he reportedly had no plans to relocate. 2023 Forbes Media LLC. Who is not named. In 2020, the vendor was one of the first to pivot to a virtual conference, and this year will mark the third straight year Domopalooza will be an online-only event. Last year was the big reveal, until it wasnt. Copyright 2010 - 2023, TechTarget I'm certainly not opposed to selling the company. Many organizations struggle to manage their vast collection of AWS accounts, but Control Tower can help. In addition to its revenue growth, Domo continues to add new features and capabilities to its analytics platform. Josh James Why Are Domo's Valuation Multiples So Much Lower Than Those Of Other Cloud Companies? 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. James has been talking about this IPO since 2015. Who kicks back. 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. Josh James $2 billion startup Domo just made a big reveal. Who is bad man. Who is vested. Who has the last word. Its continuing net losses for those years were $125.7 million in 2020, $84.6 million in 2021 and $102.1 million in 2022. His concentration, dedication, and hard work have assisted him to get this position. Domo reported that its total revenue has been increasing; for the fiscal years that ended on Jan. 31, its 2020 revenue was $173.4 million, its 2021 revenue was $210.2 million and its 2022 revenue was $258 million. The startup from Silicon Slopes, Utah, is turning heads with Who has a vote. It would have been helpful as a small The economic uncertainty resulting first from the COVID-19 pandemic and now Russia's invasion of Ukraine have been difficult for corporate CEOs, and it would be no surprise if the stress of the past two years played a role in James' decision, Henschen continued. Who reigns. James beneficially owns all outstanding shares of Class A common stock through Cocolalla, LLC, of which he is the managing member, and as of January 31, 2022, beneficially controlled approximately 82% of the voting power of our outstanding capital stock and therefore is able to control all matters submitted to our stockholders for approval, the annual report said. 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. Whos old. Obviously, youth are attracted to tech, and because of that youth, we have a very tech-savvy state.. 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. (Sydnee Gonzalez) The announcement, made at Domos annual event called Domopalooza, in some ways echoes what James shared at the same event in 2015. WebDomo, 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. In October 2018, BYU strategy professor Jeff Dyer invited James to speak at the BYU Strategy Professionals Conference because Dyer said James knows how to start companies, how to get attention to those companies and how to recruit. The question not being answered in the registration statement is: Whats the upside? 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. Who fights for honor. He was resistant to making that deal at first: A securities filing from the Omniture acquisition shows James first declined Adobe CEO Shantanu Narayen's advances, saying he preferred to discuss "partnership opportunities." Who is good man. Regardless of Domo's newly-solid footing, however, it's long been eyed as a potential takeover target. Who is dismissed. It can blow up when it vests control in a founder whose talent is hype, or even when the visionary founder needs sage counsel and doesnt feel any pressure to listen. Josh James is an American entrepreneur, founder and former CEO of Domo, a software-as-a-service (SaaS) company. WebThere are 1200+ professionals named "Josh James", who use LinkedIn to exchange information, ideas, and opportunities. Who quits. Domo is one of the Utah companies that won no-bid state contracts at the beginning of the pandemic, along with Nomi Health and others as part of TestUtah.com, an effort to make testing more accessible that has since drawn controversy. Who is right. To subscribe, click here. Who is first. Whats going on: The Silicon Slopes tech summit allows tech leaders in Utah and beyond to come together for networking, learning and education in the tech field. In the agreement related to his departure as CEO, James agreed to vote in favor of the election of boards nominees for director and against the removal of any board member at Domos 2022 annual meeting. "It is a fact that in some cases for some companies it makes sense to join forces with an acquirer.". When its ERP system became outdated, Pandora chose S/4HANA Cloud for its business process transformation. Asked during the company's Domopalooza conference in March whether it was time to considering selling the business to a larger vendor like SAP or Oracle or Microsoft, James said: "We always take inbounds when we come. Rising from $8 to $37 off the recent bottom, the price gained more than the broader S&P 500 index, which moved 48%. Josh James Workday co-CEO Aneel Bhusri to leave post, SPS Commerce CEO Archie Black leaves post, Workiva CEO Marty Vanderploeg leaves post. In addition, Catherine Wong, Domo's chief product officer and executive vice president of engineering since 2013, was named chief operating officer. WebJosh James sold his first company to Adobe for $1.8 Billion, his next startup Domo, a business software company, was recently valued at $2 Billion. He was also the co-founder of Omniture, which was acquired by Adobe in 2009. Who can say it? (Rick Egan | The Salt Lake Tribune) Ed Catmull, then-president of Pixar and Walt Disney animation studios, visits with Josh James, then-CEO of Domo, at Domopalooza 2017 in Salt Lake City. "I hadn't heard any rumors of him stepping down," he said. Who goes through hell. This year, however, it will be Mellor who will be front and center as CEO. 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 is hired. Who betrays. Who designs. Nelson Mullins - Gold Dome Report Legislative Day 25 As for James crowing about the lack of competition, you can treat that statement as inoperative. Among the risk factors listed in its disclosure is that we face intense competition, and we may not be able to compete effectively.. Domo "Both are highly competent executives, and they're getting well-deserved promotions and recognition," Henschen said. The business intelligence software firm Domo Inc. announced a surprise leadership change today, naming John Mellor its new chief executive officer. He is nowadays dwelling in the most prosperous town in the world, that is not his hometown. Domo said: Domo, Inc. (Nasdaq: DOMO) today announced a leadership Facebook gives people the power to share and makes the Tableau Software is a major player in the business intelligence market, though the space is becoming increasingly competitive. Ready to drive increased productivity with faster pc performance? 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.". Who is chief. Domo is scheduled to host its annual user conference, Domopalooza, March 23, and for the first time will have someone other than James as its leader. Keep up to date with Michael Hiltzik. Who is good. Bigger businesses that want administrative support and oversight will be able to try those tools for 60 days before paying. Who hurts. Whos number 1. He previously founded Omniture, an online data analytics service that he sold to Adobe in 2009 for $1.8 billion. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Who is humbled. 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. Domo Domo also has bought $200,000 in furnishings from Alice Lane Home Collection, an interior design company partially owned by James, at which Drew James, another brother, is an executive. Youd think, Who owns that house,' or, Who owns that company,' James said. We could go public this year if we wanted to, he addsbut he said the same a year ago, too. Domo (exechange) Silicon Slopes, Utah, March 1, 2022 Josh James, chief executive of Domo, leaves. Josh James - Facebook Josh James, Domo founder and CEO, talks about bringing personal protection equipment to Utah as KN95 masks and eye protection are unloaded from a plane at the Salt Lake City International Airport on Wednesday, April 15, 2020. that values the company at $2 billion, the same valuation it reached in April of 2014 when it raised a previous $200 million from BlackRock. Who is missed. "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. 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. Slack Who fights for money. The companys stock registration disclosure shows that it hasnt been able to get ahead of its expenses. Domo is the latest tech company to join the IPO rush, and the second Utah cloud unicorn in recent weeks after Pluralsight. Who excites. Who distributes. Stay up to date with what you want to know. Who goes ahead. How Josh James landed $125 million in funding from his The company held its "organizational meeting" last week, which is a first step as a company files the IPO paperwork, Recode'sTheodore Schleifer reported.