CEO's Unique Experience in Software Industry
I'm unique in a couple of ways.
One, I'm the longest lasting CEO of a publicly traded enterprise software company.
And I live to see 99% of my peers quit or lose their job.
But 99% mortality rate amongst my competitors,
they all sold out over the course of 20 years.
That's one interesting thing.
The second thing is, we did implement a capital structure
so that the founders could pursue the mission of the business
without volatility impacting them.
And third, I'm not proud of this,
but I'm the only public company officer,
maybe the only public company CEO in the history of the world
that actually lived to see his stock decline in value by 99.8%.
My stock went from $333 a share to $0.42 a share.
I kept my job.
But if you were my board of directors,
you probably would have fired me if I did not have a controlling stake in the company.
I kept my job and I kept the company and I didn't dissolve it
and sell it off to a megacorp to become the 167th division of IBM.
And that's why I'm here today.
So, you know, people tell me,
HODL, H, hold on for dear life or whatever it means, right?
I get it, right?
It's pretty obvious.
But I find it's a joke, you know,
when people get on crypto Twitter
and they talk about how they might have to sell if Bitcoin trades down 5%.
Like you guys haven't lived through anything, right?
End of transcript · 254 words