Thomas Siebel

I mean, it's beyond comprehension.

I remember many years ago, this was at the dawn of the internet or probably after the dawn of the internet, and Tom Siebel, who started a, a well-known entrepreneur and had been seen as a very successful entrepreneur, I remember him wistfully saying one day, his company had sold for whatever it was, ten billion dollars, and he said very wistfully, "That was back when ten billion dollars was worth a lot of money." Today, you look back and you say, whether it was Facebook's IPO or Google, "That was back when a hundred billion dollars was worth a lot of money." I think the idea that you can have a six-year-old company worth trillions of dollars, nobody would have imagined that.

Are you mostly excited about this technology or scared or both?

I read what everybody else reads and have heard the boogeyman opine, and I think I'm probably a bit more hopeful than others.

Dave, what do you think of this move?

Actually, I think Siebel Systems, Tom Siebel invented this even before Mark Benioff at Salesforce.com, where prior to Siebel Systems and Salesforce, a CRM system would cost you maybe 50 bucks a year for a license, but it wouldn't work particularly well.

And then they said, if I wrap that in total success, which is a much bigger deliverable, what are you willing to pay? And if my salespeople are twice as effective, I'm willing to pay $20,000, $30,000 a year for this now.

So the price point went up like a factor of 1,000, but the customer was happier because they got the total solution.