Success Factors - What Was the Growth Profile of the Company?

Bruce Felt is the CFO of Domo and a long-time friend of GGV Capital with a history that predates SaaS since he founded Renaissance Software in the late 1980s. With a well-rounded experience in finance, Bruce became the CFO for six companies, taking them through IPOs or M&As before bringing his expertise to the Domo team in 2014. Bruce faced his biggest challenge during his time as the CFO of SuccessFactors in 2007 during the financial crisis, and the company’s non-stop growth came to a grinding halt, share prices dropped, and cuts were made at the highest levels. Although SaaS was still new, Bruce convinced investors and analysts that SuccessFactors was poised to grow exponentially whenever the market was ready. He was right, and the company saw 10X growth over the next few quarters. Since joining Domo, Bruce has been able to pull from his playbook to successfully navigate the recent financial crisis caused by the COVID-19 pandemic and is well-prepared for whatever may come next. Check out the chart on what a world-class financial organization should look like: https://bit.ly/3xYCvPe