Bruce Felt, CFO of Domo, on Bridging the Gap Between Strategy and Execution

06/21/22 • 35 min

Bruce Felt is the CFO of Domo and a long-time friend of GGV Capital with a history that predates SaaS since he founded Renaissance Software in the late 1980s. With a well-rounded experience in finance, Bruce became the CFO for six companies, taking them through IPOs or M&As before bringing his expertise to the Domo team in 2014. Bruce faced his biggest challenge during his time as the CFO of SuccessFactors in 2007 during the financial crisis, and the company’s non-stop growth came to a grinding halt, share prices dropped, and cuts were made at the highest levels. Although SaaS was still new, Bruce convinced investors and analysts that SuccessFactors was poised to grow exponentially whenever the market was ready. He was right, and the company saw 10X growth over the next few quarters. Since joining Domo, Bruce has been able to pull from his playbook to successfully navigate the recent financial crisis caused by the COVID-19 pandemic and is well-prepared for whatever may come next. Check out the chart on what a world-class financial organization should look like: https://bit.ly/3xYCvPe

Previous Episode

Steve Harvey, CEO of BitSight, on Finding Insights Amongst Vulnerability

Steve Harvey is the CEO of BitSight, the cyber security platform used by nearly a quarter of the Fortune 500 companies and multiple government agencies around the world. With a background in risk assessment, Steve spent 13 years at the Institutional Shareholder Services (ISS) and became the CEO of BitSight in 2020, just before the COVID-19 pandemic. Because so many businesses were forced to go digital and adopt the work-from-home model, cyber-attacks became more prevalent than ever. Steve certainly had his work cut out for him, but in two short years made multiple acquisitions and received a $250M investment from Moody’s. With over 2,400 customers, BitSight has quickly become the most widely used security ratings service in the world and is showing no signs of slowing down. GGV is an incredibly proud investor in BitSight, with our own Glenn Solomon sitting on the board since 2016. In this episode, Steve talks about removing disruption at the highest level and entering a well-established company at its tipping point.

Next Episode

Ryan Johnson, Founder & CEO of Culdesac, on Leveraging Technology to Build Car-Free Neighborhoods

Ryan Johson is the co-founder and CEO of Culdesac, which is working to build the first car-free city in the United States. After turning down M.I.T. and dropping out of Harvard, he chose to learn from the executives at Opendoor before co-founding Culdesac in 2018. Ryan has traveled to over 60 countries, but after visiting pedestrian and cyclist-friendly cities like Budapest and Amsterdam, Ryan was inspired to create a new city from scratch. Culdesac's first neighborhood, Culdesac Tempe, is currently being built in Arizona. The neighborhood opens later this year and will have 1000 residents on 17 acres. Residents receive a suite of mobility benefits, including free access to light rail, street cars, and buses. In this episode, Ryan talks to us about building infrastructure from the ground up and how Culdesac provides people with life at their front door.