Larry Ellison about to strike it rich
Larry Ellison's startup NetSuite Inc. is finally prepping for its IPO. The software company expects to slide into the black later this year. NetSuite CEO Zach Nelson is shooting for a $100 million valuation.
The Architect of Oracle owns 60 percent of the company; first-grade arithmetic puts his stake around $60 mil. Woohoo! Larry's rich! Imagine the shopping list:
¬ New coat of paint on the Ellison yacht
¬ Rolaids for the accountant
¬ Budget for filming Weekend at Larry's
¬ Hiring Chuck Norris as a stunt double
¬ A new shirt, damn it
NetSuite gets sweet on idea of going public [SF Business Times]