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Nikesh Parekh
General Manager, Dynamics 365 Finance Insights & Chief Strategy Officer
Nikesh Parekh is a renowned executive with a proven track record of executing growth strategies at private and public technology companies. Parekh studied at Harvard University and Harvard Business School to earn an MBA and BA, respectively. He has over a decade of experience in advising, mentoring, consulting, and leading companies across various sectors.
Currently, Parekh is serving as the General Manager of Dynamics 365 Finance Insights and Chief Strategy Officer at Microsoft, leading the integration of Suplari and Dynamics 365 Finance Insights. He co-founded and served as the CEO of Suplari, an AI-driven insights platform enabling enterprises to realize hard dollar cost savings and effectively manage supplier risk, which was acquired by Microsoft in July 2021.
Parekh also led Trulia's growth businesses, resulting in >25% YoY rentals traffic growth with the highest customer satisfaction in the rentals category, based on NPS. At Market Leader, he drove the company's turnaround, achieved 30% annual revenue growth, and acquisition by Trulia for $380m. Parekh is also the former CEO of ActiveRain, where he led the largest social network & blogging platform in the real estate industry to profitability in six months, which resulted in its acquisition by Market Leader in October 2011.
Parekh is a mentor and advisor to several startups and serves as an Innovation Advisor/Supply Chain Advisory Board Member at the University of Washington. He also raised $35m in financing for Bio Architecture Lab, served as Entrepreneur in Residence at Madrona Venture Group, and held leadership positions at HouseValues, Dell, and Credit Suisse.
Highlights
Are you considering adopting the Microsoft Power Platform in 2024? Introducing the Power Accelerator Program, where Microsoft is co-investing in your success. Power Platform (#PowerApps, #PowerAutomate, #PowerPages, #CopilotStudio) is the leading low code development and automation platform in the market. We have seen that enterprise adoption (i.e. platform strategy, governance, skilling, and application development) is critical to customer success. Microsoft is now co-investing in new customers by providing significant funding for customers to work with Microsoft system integrator partners and our Customer Advisory Team (#PowerCAT) in a very opinionated way. Check out the blog post below from Corey Kropp on the program that we recently launched.
https://lnkd.in/g-PPcFHe
Power Platform Community Saurabh Pant Phil Topness Pratap Ladhani Sameer B. Ravi Chada Yasin Mukadam Henry Jammes FooShen Wu Rui Santos Reza Dorrani Rahul Kannathusseril
The best companies were founded three years ago and are being built now.
Think NetSuite founded in 1998, dot-com recession in 2001.
Think Google founded in 1998, dot-com recession in 2001.
Think Salesforce founded in 1999, dot-com recession in 2001.
Think ServiceNow founded in 2004, real estate / Great recession in 2008.
Think Workday founded in 2005, real estate / Great recession in 2008.
Big companies are dealing with a lot of legacy when entering a recession - old products, old tech stacks, cutting staff, retaining the right employees, reducing operating costs, cutting prices, cutting suppliers, meeting Wall Street expectations, integrating acquisitions.
NO true BigCo innovation will be happening in 2023 and likely 2024.
Entrepreneurs have 2-4 years to build before getting on the radar of Big Tech. Big Tech will be inwardly focused in 2023 and 2024, start investing again in 2024 & 2025, new products will hit the market in 2026.
What to do? Identify private companies started 3 years ago with $10-20m in ARR that are growing 100% year over year right now in this tech recessionary environment. Most of these companies are venture backed and are not going to be household names.
Every challenge is an opportunity. Easy to say. Hard to hear. Absolutely true.
