Larry Ellison says that Oracle was once a week away from not being able to pay employees — here's the lesson he learned from the experience (ORCL)

pulse

October 30, 2018 9:45 PM

Oracle founder Larry Ellison hosts a cocktail reception for startup founders at his home each year. He shared some advice from his experiences.

Oracle founder, CTO and executive chairman Larry Ellison

Every year, Oracle founder Larry Ellison hosts a cocktail reception for startup founders at his San Francisco home.
At the reception last Wednesday, Ellison shared some of the struggles Oracle faced in its early days.
Once, Ellison says, Oracle was a week away from not being able to make payroll, as its first-ever customer took months to deliver its first check.
Ellison also advised that tech companies need to be open to constant change and new technologies.

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