Success stories of startups and investors in them. Workday and Greylock Partners

Workday's 2012 $637 million IPO was the most expensive venture-backed public offering since Facebook.

#VENTURE

#INVEST

#ВЕНЧУР

total yield

The total is invested:

$80 million

Share in the company after the IPO:

Yield:

$700 million

900%

Workday's 2012 $637 million IPO was the most expensive venture public offering since Facebook (banned in Russia). However, unlike Facebook, whose shares fell after going public, Workday shares soared from $28 to about $50 per share on its first day of trading. For Greylock Partners, this meant turning an investment of about $80 million into more than $700 million.

In this story, the merger between the venture capital fund and the startup was very strong. Workday co-founder Anil Bhusri, who was a senior partner at Greylock, noticed a huge transformation in consumer technology. Expecting the same transformation to happen in enterprise technology, he decided to become a pioneer and launched the startup Workday.

Bhusri's main point was that it is becoming increasingly important to create applications with great user interfaces. And he decided to build a company to solve this problem. And he did it, and today Workday is the leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and succeed in a changing world.

Essentially, Anil Bhusri simply built a company that did what the market needed well, but it was at Greylock that he gained insider knowledge of what was hot in the market and was able to apply those insights to Workday. Therefore, if you work in a corporation that comes into contact with advanced technologies, with the desire and well-established networking, you can create a successful startup and not have problems with financing.