| 00:00 - 00:03 | There's news from Nasdaq in New York |
| 00:04 - 00:05 | It's big and spreading globally. |
| 00:05 - 00:07 | It's even reaching Berlin |
| 00:08 - 00:12 | OneStream issued an IPO. |
| 00:12 - 00:15 | They're achieving world domination afterall. |
| 00:17 - 00:19 | Don't worry about it. They'll never be more than $500M ARR or |
| 00:19 - 00:21 | have more than 1,000 customers. |
| 00:24 - 00:26 | Well, sir,... |
| 00:27 - 00:28 | Actually... |
| 00:31 - 00:33 | Actually, it's hard to tell you this. |
| 00:34 - 00:36 | They're ABOVE all of that now... |
| 00:53 - 00:58 | I want the CEOs of Oracle, Planful, Workday, Tagetik and SAP... |
| 01:13 - 01:15 | How the hell did this HAPPEN? |
| 01:15 - 01:17 | They were small from a tiny office in Michigan!!! |
| 01:18 - 01:23 | There was no way they could be better than all of us so fast! |
| 01:25 - 01:28 | But they focused on the customer... |
| 01:29 - 01:31 | So did we! |
| 01:31 - 01:34 | We TOLD the customer what they wanted! |
| 01:34 - 01:37 | They had to take it or ELSE! |
| 01:37 - 01:40 | For years, that archaic HFM and crappy BPC was all they had! |
| 01:40 - 01:42 | But we came out with Anaplan and it worked... |
| 01:42 - 01:46 | It can't SCALE, you IDIOT! Don't you know that?!? |
| 01:46 - 01:48 | That's, that's not fair. We just add more models... |
| 01:48 - 01:52 | Models that's don't perform. Don't integrate. |
| 01:53 - 01:54 | It's all worthless now! |
| 01:56 - 01:57 | At least with the old Hyperion, it integrated. |
| 01:57 - 02:00 | It was a friggin' nightmare, but it integrated. |
| 02:00 - 02:03 | And customers had to buy anywhere from 6 to 10 types of software too! |
| 02:04 - 02:08 | We could charge them multiple times across the Office of the CFO. |
| 02:08 - 02:13 | They had no choice but to pay if they wanted to get out of Excel hell and have any efficiency! |
| 02:14 - 02:16 | Now these people from OneStream have taken that away. |
| 02:17 - 02:21 | Now customers get a REAL operating system that let's them take Finance even further! |
| 02:27 - 02:29 | I don't know how we'll ever competively recover from this. |
| 02:30 - 02:34 | Even if the founders retire now, they have a really strong team who'll just keep going. |
| 02:34 - 02:36 | It's going to be a never-ending nightmare for us all. |
| 02:41 - 02:42 | What were we thinking... |
| 02:43 - 02:47 | that damn team at OneStream just keeps building cool stuff!!! |
| 02:48 - 02:53 | We couldn't keep up with them when they were private, |
| 02:54 - 02:56 | How in the hell will we now that they're public and even stronger?!? |
| 02:56 - 02:59 | We should all just get out of the Office of the CFO market, |
| 03:00 - 03:02 | and stop selling our 20-30 old technology. |
| 03:04 - 03:07 | It's ok. Companies with no real vision will still be there. |
| 03:14 - 03:16 | It was bound to happen at some point. |
| 03:19 - 03:23 | At least we have ERP and database software to sell |
| 03:25 - 03:26 | instead of CPM. |
| 03:31 - 03:33 | OneStream's IPO makes it official. |
| 03:40 - 03:46 | Our days of leading CPM and the Office of the CFO are over. |
| 03:46 - 03:49 | OneStream is in charge now and we'll never get it back. |
| 03:53 - 03:56 | I guess I'll have to sell one of the mansion now. |
