Video Summary: Larry Ellison: Bloomberg Game Changers Series

Larry Ellison: Billionaire Samurai Warrior of Silicon Valley | Video Summary: Larry Ellison: Bloomberg Game Changers Series

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  1. 1 If you live today then you use Oracle's software

    Oracle's technology has became a part of the backbone of the internet. E-Commerce websites, government sites Credit cards and even mobile phones depend on oracle's database system to run.

  2. 2 Larry knew he was adopted when he was 12

    Larry said , during an interview, that his father surprised him one day by telling him that he was adopted. He was 12 years old then.

  3. 3 Larry dropped out of college twice

    Larry was a mediocre student. He didn't like formal education and dropped out of college twice.

  4. 4 Larry worked as a programmer

    Larry moved to California then started making living as a programmer at a company called Ampex. He Met Stuart Fegin who became his friend for the next 35 years.

  5. 5 Ampex was working on a project for the CIA

    Ampex was working on a project for the CIA. The project name was called Oracle. Larry realized that traditional information storage , which relied on tapes, was slow and not that reliable.

  6. 6 Larry founded his own company

    Larry left Ampex to found his own company. The company was called SDL and had a budget of $1200 dollars.

  7. 7 Larry read an important IBM paper

    Larry came across an important paper by IBM that explained how information can be stored in relational databases , which is a superior method to the one that was being used at that time. Larry realized that IBM never made use of their own idea.

  8. 8 Larry sold his database to CIA

    Larry had a software developed that used that new storage model. Larry then went to the CIA and sold them his database. He called it version 2 because he believed that no one buys version 1 of anything. Larry then started selling his software to other institutions.

  9. 9 In 1986 Oracle went public

    Larry's product was very successful and in 1986 the company went public. Larry's Stake was valued at $93 million dollars. See also how Larry Ellison started oracle.

  10. 10 Oracle was about to die in the early 90s

    Under the aggressive sales policies the company followed it found itself selling products that didn't yet exist. When oracle version 6 was produced it turned out to be very buggy and shares of the company started to drop rapidly.

  11. 11 In 1994 Oracle's sales exceeded 2 Billion

    Oracle managed to survive the crisis after Oracle version 7 was released which was a very good software. By 1994 revenues exceeded 2 billion dollars and Larry's shares were worth more than 3 billion dollars.

  12. 12 Larry was so focused on Bill gates

    Larry always had the desire to be the first in everything he does. He was disappointed he wasn't the richest person on earth even though he was among the top 5. See how Microsoft started.

  13. 13 Oracle expanded its software offering

    Larry wanted to expand oracle's software offering. He bought peoplesoft , a software company, for 10 billion dollars. Allison spent more than 34 billion dollars to acquire more than 52 companies.

  14. 14 In 2010 Ellison brought back America's cup

    In 2010 Ellison brought back america's cup. It was the first time in 15 years someone does so.

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