Salesforce integration with calendaring (o365 etc) has been a sore point, i think it's changed multiple times. I was never a huge fan of what Salesforce calls "Activities" which include calendar events. They don't work the same way the rest of Salesforce does. I think all of Activities was from a prior acquisition at some point too. Maybe this acquisition will help with those integrations in a few years.
Clockwise acquired by Salesforce
71–80 of 82 posts
Re: Clockwise acquired by Salesforce
#72Earlier quoted context omitted.
They have families to feed. This might forever protect their families from any financial misfortune. Any sane person would do the same. I would.
Warms my heart to learn their families will finally be able to afford nutritious meals, put clothes on their backs and maybe even afford a bike to go to school rather than walking 2h everyday. We need more uplifting stories like this one. Thank you salesforce. Jokes aside though, many (most?) acquihires are for very little $. Often just founders not being able to continue and just wanting an honorable exit + guarante…
I've been inside a couple of these and the founders always do just fine. Rest and vest at the acquiring company for a couple years, earn millions in stock, found another company or go work for OpenAI as an exec.
Rank and file employees who got sub-standard pay for years at Startup get the same comp they would have got coming in the front door at BigCo. It's better than being fired I guess, but it's not some humble, charitable act by the founders. They can always wait a couple years and ride the ride again if they want.
Re: Clockwise acquired by Salesforce
#73Salesforce has lost half its market cap in the last ~year. Spending time and money to acquire a calendar scheduler shows just how badly they have lost the plot. I know this is an HN meme but can someone look at https://www.getclockwise.com/overview and explain why an internal team couldn't build this in a couple of weeks? And it's not like Salesforce is lacking engineers - they employ 83,000 (!!) people globally.
> Salesforce has lost half its market cap in the last ~year They're also at record revenue [1]. [1] https://investor.salesforce.com/news/news-details/2026/Sales...
This is because the stock market valuation of a company isn't nearly as simple as a revenue/cash-flow multiple. It also accounts for predicted growth in the stock, and it's return over the risk-free rate. As interest rates are staying high, and inflation is stickier than expected, one would expect stocks to get cheaper as the risk-free rate is higher and investors lean more towards gilts/bonds/bills/commodities.
In addition people are betting that AI is going to reduce the growth in software stocks. If this is true or not is another thing, but that is the current majority opinion amongst large-scale investors.
Re: Clockwise acquired by Salesforce
#74Earlier quoted context omitted.
> If you are looking to start a new company in this space, I'll gladly offer my services to talk you out of it. Why is it so rough etc.?
I am not sure what clockwise is doing, but since calendar was mentionned, basically you need to break into M365, and for most entreprises, why acquiring another tool to manage calendars. I happened to work for such companies, and the "application owner", and I am really not convinced by the ROI. The real reason, VIPs didn't want to bother with a computer to manage their calendar, and they (well their assistants) had…
A VIPs calendar is the most precious resource in a company; such that they're willing to pay $100k a year to manage it alone.
You have to be very good to get them to even try.
Re: Clockwise acquired by Salesforce
#75Earlier quoted context omitted.
They have families to feed. This might forever protect their families from any financial misfortune. Any sane person would do the same. I would.
Sure but they dont have to act all insufferable about it lmao. Just say it was the best outcome not a bunch of bullshit
People who talk straight like that don't become founders or PR.
Re: Clockwise acquired by Salesforce
#76I’m only interested in this because it is the first company I’ve seen try to completely wipe itself off the face of the earth in a little over a week. You won’t even be able to access your billing history after March 27 and there will be no support available after that date.
They must really be out of money entirely if they can't even keep things running for a bit, or Salesforce really doesn't like what they have.
Or they're burning it to the ground out of spite so Salesforce doesn't get any of it.
Even the Rise calendar link above still is hosted so you can read their incredible journey.
Re: Clockwise acquired by Salesforce
#77sorry in advance to their employees as they go up against the value buzzsaw that is Salesforce as an acquirer. i have years of firsthand experience, and there was not a single win in my entire tenure there.
Looking back was it better or worse than being laid off instead?
Re: Clockwise acquired by Salesforce
#78Earlier quoted context omitted.
speaking of, Dropbox bought a similar product a couple of years ago https://reclaim.ai/
God, remember when Dropbox was just a folder that syncs[1]? [1] https://www.quora.com/Why-is-Dropbox-more-popular-than-other...
Every "office" tool expands to be Microsoft Office. Box, Dropbox, Zoom, all are heading down that path.
Re: Clockwise acquired by Salesforce
#79Why would a company acquire the other one just to shut it down?
It's just an acquihire. On the startup's side, the company has failed and they would be shutting it down regardless; this way they've found jobs for their employees and saved face. On the acquirer's side, they've recruited a team that they think is worth hiring with a lower cost of sourcing them.
The acquirer usually isn't paying that much in a case like this. Unlike what some other comments in this thread say (I assume from people new to the industry), nobody's getting rich.
Re: Clockwise acquired by Salesforce
#80Earlier quoted context omitted.
I am not sure what clockwise is doing, but since calendar was mentionned, basically you need to break into M365, and for most entreprises, why acquiring another tool to manage calendars. I happened to work for such companies, and the "application owner", and I am really not convinced by the ROI. The real reason, VIPs didn't want to bother with a computer to manage their calendar, and they (well their assistants) had…
A VIPs calendar is the most precious resource in a company; such that they're willing to pay $100k a year to manage it alone. You have to be very good to get them to even try.
Oh I know well the analytics of these costs, but you are incorrect on the very good part...