Please enable Strictly Necessary Cookies first so that we can save your preferences! Last year was the big reveal, until it wasnt. Who is missed. Domo received a no-bid contract to develop a $2 million coronavirus dashboard for the state. His seventh book, Iron Empires: Robber Barons, Railroads, and the Making of Modern America, has just been published by Houghton Mifflin Harcourt. 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 has to go. Whos out. Who packs in. Who does well. There are several important variables within the Amazon EKS pricing model. Domo, James current company, takes the data that his previous company, Omniture, was able to provide their clients and puts it in easily accessible formats. In addition to trying to promote equal representation in positions of leadership, the Silicon Slopes nonprofit also strives to help Utah in other ways. Youd think, Who owns that house,' or, Who owns that company,' James said. However, in 2016, Domo insiders told Business Insider that some of the company's offerings were still somewhat immature at that point, and that the company tended toward hype, as many startups often do. It hit a $2 billion valuation by 2016, before many people had even heard of it. 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. It competes with a whole slew of other business-intelligence tools, including Tableau and Anaplan. But James has been heavily disinclined to sell, two banking sources told Business Insider. 6:32 p.m.: This post has been updated with the companys declining to comment on its registration statement. Who is shamed. 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 Durling has served as Chief Information and Digital Enablement Officer at Vivint Smart Home Inc. since early 2017. To accomplish this, James has invited his employees families to Halloween parties at the office and tailgates for BYU vs. Utah games. Then theres the 88% voting control vested in Snap co-founders Evan Spiegel and Bobby Murphy; heres betting that many investors who bought into the story that they needed impregnable authority to build their company wish theyd thought twice, now that the stock is trading at less than half the $24.48 at which it closed on the day of its IPO, some 13 months ago. If the kids are like, My mom works at the coolest place in the world, or, My dad works at an awesome place, then mom or dad has got a lot of pride in where they are and where they work, and theyre going to stay here, he said. 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. In fact, that confidence led him to drop out of BYU only a few classes shy of graduation. From trying to get computer science classes in every school to improving air quality, James and the Silicon Slopes team is invested in making Utah a great place for people to work. Josh and his team built it into a mature, meaningful, standalone business after running it for thirteen years and three years as a public company. He's known for being a motivational speaker and an expert salesman, sometimes compared to Salesforce founder Marc Benioff. "I hadn't heard any rumors of him stepping down," he said. Who is victor. James was the co-founder of Omniture, Inc., a provider of online business optimization products and services, and from 1996 to 2009, he served as its chief executive officer. Who distributes. Who betrays. No, I don't want to sell, but there's the reality of also having to face whatever is taking place with your ability to execute out there in the marketplace. Josh James became CEO of the Company in 2010. Who is a friend. 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. Domo acknowledges in its disclosure statement that Standard & Poors will be excluding companies with these structures from some of its indexes, and other index owners may follow suit. The show is one of Telemundo's most ambitious projects to date. Your email address will not be published. Who signs. Who leaves early. Josh James has stepped down as the companys CEO, Chairman and as a director. At the time of the tax incentive controversy, there was no indication that Clark had any undue influence on the process of awarding tax credits through GOEO. Domo also announced it has raised $131 million in new funding from a mix of billionaire founders and Whats going on: The Silicon Slopes tech summit allows tech leaders in Utah and beyond to come together for networking, learning and education in the tech field. Different people have different leadership styles. Contact Ashley Stewart via email atastewart@businessinsider.com, message her on Twitter @ashannstew, or send her a secure message through Signal at 425-344-8242. Bankers have informally approached James with encouragement to sell Domo,but James has rebuffed the idea, the two banking sources say. Who is familiar. The company retained the tax benefit, known as Economic Development Tax Increment Financing. The moves were unveiled on the same day that Domo, founded in 2010 and based in American Fork, Utah, released its fiscal fourth-quarter and year-end 2022 earnings report. Los Angeles Times columnist Michael Hiltzik writes a daily blog appearing on latimes.com. Theres a chat feature called Buzz that allows employees to communicate about each piece in threaded conversations and a task management piece to track who should be doing what. John Mellor, chief strategy officer of Domo since 2019, was named the vendor's new CEO and a member of its board of directors. "It did come as a surprise, but now that Domo is public, perhaps James is looking for his next opportunity to create a startup," he said. WebThere are 1200+ professionals named "Josh James", who use LinkedIn to exchange information, ideas, and opportunities. Who steps up. I think thats one of the things that distinguishes Josh James. Who goes ahead. BYU alumnus and Domo CEO Josh James, opens the door to the Jimmer Meeting Room at Domo Headquarters in American Fork on Sept. 30. Read the full story in the exechange report 10.2022 ($). Who loses. 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. We are using cookies to give you the best experience on our website. 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. He has some kind of unconventional rules, Dyer said about James business strategy. "But I have to admit, I am always surprised when founders stay as long as James did.". Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. This wouldnt be acceptable even if Domo were going gangbusters. Sign up and receive our free newsletter every Monday morning. "It's easy to imagine James looking for a fresh start.". Who is successor. Hes willing to go against convention and try new things, and thats not always easy.. 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. Catherine Wong, VP Product at Domo, talks about leadership and what motivates her. Who presides. Thats a problem for Domo, because the rise of passive investments keyed to stock indexes means that many investors wont be buying its stock. Who pays. Who is praised. Who has a vote. Who contributes. Who has headwind. Who topples. Who is bad. However, users may SharePoint Syntex is Microsoft's foray into the increasingly popular market of content AI services. Who is an enemy. In 2015, Domo burst onto the scene with little warning. 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. Domo doesnt expect to take a short-term hit to its own revenue from the shift as it will primarily bring in new customers, says James, who adds that Domos revenue retention is as high as 200%, meaning customers are spending $2 for every $1 the previous year, a high mark for enterprise software. 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. I'm certainly not opposed to selling the company. Who quits. For the sake of comparison, Amazon took nine years to become profitable, Tesla 10 years and Salesforce didn't consistently begin reporting profits for 17 years. Despite James' apparent reluctance to sell, analysts still think Domo is an attractive acquisition for big tech companies. 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. Clark is a longtime tech executive and the current chair of the Go Utah Board, which serves as the board of directors to the Governors Office of Economic Opportunity. Who is well. Domo CEO Josh James says his company's move Tuesday to a freemium model and new app ecosystem are the result of a big five-year reveal while announcing $130 million in new funding. Who leaves. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='MMERGE3';ftypes[3]='text';fnames[4]='MMERGE4';ftypes[4]='text';}(jQuery));var $mcj = jQuery.noConflict(true); exechange publishes weekly reports ($) on capital market-relevant executive changes. Whos number 1. But the time may be finally be right. The announcement, made at Domos annual event called Domopalooza, in some ways echoes what James shared at the same event in 2015. (Domo actually is part of the Salt Lake City regions Silicon Slope, one of several regional offshoots of Silicon Valley.). From the start, James said he had no doubts that his web analytics company, Omniture, would be successful. Who chairs. I used to waste three days prepping for a board meeting. Now, he says, board members can just check their phones at the end of a quarter or sales push and hit refresh. Who is down. How to assess the Push-out Score: a 10-step guide. Who is hostile. The two bankers, who have worked with Domo in the past, told Business Insider that James has indicated he wanted Domo to stay independent. James has served on the board of directors of various privately held and public companies. Who soothes. For more than two years, the company has been leasing a private jet owned by a partnership called JJ Spud, which is controlled by James, at a rate of $3,276 per flight hour. In its last fiscal year ended Jan. 31, Domo lost $176.6 million on revenue of $108.5 million. Major stock exchanges are starting to look askance at dual-class stock structures that vest supermajority control in individuals or small groups. Its so important that we highlight women and minorities that are having success so that everyone sees that success, James said. Who recovers. Whos number 2. 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. Who is first. Bigger businesses that want administrative support and oversight will be able to try those tools for 60 days before paying. As announced by Domo Inc. in a news release and in a regulatory filing published on Tuesday, March 1, 2022, Joshua G. (Josh) James leaves his post as chief executive officer at the cloud softwarecompany, after 12 years in the role, effective immediately. Keep up to date with Michael Hiltzik. When Omniture started, there were a few tech companies in Utah, including Novell and WordPerfect. BlackRock, Greylock and Benchmark. Can Domo Effectively Compete With Tableau In The Near Term? Who is ousted. With the IPO filing on June 1, however, the curtain has opened on Domos performance. This website uses cookies so that we can provide you with the best user experience possible. Ari Emanuel lets his AI alter ego open Endeavors earnings call, Sam Bankman-Fried increasingly isolated as another associate takes a plea deal. Pestana, the CEO and co-founder of Utah software company ObservePoint, has now joined the Domo board, according to the company announcement, increasing its size from seven members to eight. The company first publicly announced its platform in 2015. Its been a huge blessing for my family personally because weve had to end up using it, Stephan 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 Who is doomed. 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. He also previously co-founded and served as CEO of Omniture, a web analytics company. Josh James, Domo's founder, stepped down Monday from his positions as CEO, chairman and member of the vendor's board of directors. Given that Domo -- which went public in 2018 -- is on a growth trajectory and continues to invest in its platform, James stepping down as CEO is not evidence of any problems with the vendor, according to Doug Henschen, an analyst at Constellation Research. Who sees green. , which announced an $80 million fund in December. A Domo spokesperson declined comment. Subscription revenue, key for the cloud-native analytics vendor, represented 85% of total fourth-quarter revenue and was up 19% year over year, and for the full year represented 86% of total revenue and was up 21% year over year. (Sydnee Gonzalez) Join Facebook to connect with Josh James and others you may know. When I went out to Silicon Valley to try and raise money for my company, we literally were getting one-sixth the valuation of our competitors who were doing the exact same thing and were the exact same size, James said. Precise information regarding Josh Jamess future plans was not immediately available. But sources tell Business Insider the company's CEO Josh James, who has majority voting power, is reluctant to sell despite encouragement from bankers. 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. Who designs. Who pays back. ( 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 He was also the co-founder of Omniture, which was acquired by Adobe in 2009. Whos old. In addition to its revenue growth, Domo continues to add new features and capabilities to its analytics platform. Who crumbles. You also can contact with him through Facebook, twitter and email. Josh founded Domo in 2010 to transform the way CEOs and other executives manage their business and to help drive value from the tens Centered around Domos own app, Domo Mobile, it includes an app store of business tools and partners (think We could go public this year if we wanted to, he addsbut he said the same a year ago, too. Who is a leader. analysts identified Domo as a likely candidate to be the next big cloud acquisition, securities filing from the Omniture acquisition. Who is up. Domo's IPO Proceeds Will Give It Runway Through 2019, But It May Need To Raise More Funding, Domo Richly Priced At Post-IPO Market Value.