Big data and IoT businesses continue to attract enormous amounts of venture and PE funding but very few of them have yet to demonstrate the growth expected of them. Splunk is an exception. The company’s 2016 revenues will approach $1bn. and its current valuation is $8bn. Perhaps more significantly, the stock has experienced greater growth and stability than most recently public tech companies. This article addresses some of the management “secrets” behind the company’s success, in the words of Godfrey Sullivan, former CEO for eight years until his retirement in November 2015.
In recent weeks Tesla has been drawing a lot of attention for its new “Autopilot” feature. A crash in Florida May of a Model S while Autopilot was engaged, added to the fact that this feature was released in beta mode, exacerbated by Tesla’s refusal to cede ground in the face of blowback from motorists and experts, are building toward a true PR nightmare. How should Elon Musk and his team respond?