Ranadivé gave the example of the Golden State Warriors, an American professional basketball team based in Oakland, California. He and his partners bought the team for US$450 million, the highest price ever paid for an NBA franchise. People thought it was crazy to buy a team at such an exorbitant price, he said. However, less than three years after the team was bought, its value jumped to US$$800 million. Later on Ranadivé sold his share in the team to buy the Sacramento Kings, beating Microsoft's Steve Ballmer's takeover attempt.
What we did with the Golden State Warriors is that we did not treat it as a team but as a social network, he revealed.
Ranadivé loves sports and sees it as a metaphor for life. He is now famous for coaching his daughter's basketball team from Redwood City into the national championship tournament even though this Bombay-born boy never played the game himself. That story became the inspiration behind Malcom Gladwell's new book, How David Beats Goliath.
Ranadivé founded TIBCO in 1997 with the vision of bringing real-time technology into the mainstream. "If you have just a little bit of the right information a couple of seconds or minutes in advance, it's more valuable than all of the information in the world six months after the fact," Ranadivé famously said. "At TIBCO, our mission is that if you get the right information in the right place at the right time you can make the world a better place."
TUCON 2013, the company's annual gathering of customers, partners and executives, is being held at the ARIA Resort & Casino in Las Vegas, Nevada.
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