( ESNUG 595 Item 7 ) ------------------------------------------------------- [02/02/24]
Subject: Why is Billionaire Dean still in the EDA ghetto running IC Manage?
The live DAC'23 Troublemakers Panel
Cooley: Dean. My math shows me you are officially a billionaire now ...
You've got nearly $200 million in new funding for two companies
where you're the majority owner -- Eagle Eye Networks and Brivo.
Plus 10 years ago (2013), Forbes magazine showed that you are holding
about $340 million worth of Barracuda stock after it went public.
Why are you in the ghettos of EDA with IC Manage?
You've moved up. How come you're not -- you know -- in a deluxe
apartment in the sky? Why are you not in Palm Beach?
Dean Drako net worth
Drako: That's a really good question, John.
[laughter]
EDA and the semiconductor industry, in my view, has always been
the heart of world change and technology change. You know we
brought about the personal computer revolution. We brought about
the Internet networking revolution. We brought about the whole
mobile phone revolution.
And we're about to do it again with AI.
We're having a whole rejuvenation of EDA -- and the semiconductor
industry -- with the drive for AI and Cloud. And the demand for
compute is just going to go through the roof.
We're going to change the world yet again -- and so why would you
not want to be in the middle of that?
So, my IC Manage Holodeck is all about how do you get more of that
acceleration? How do you get more of that cloud?
I've been doing the marriage of cloud and CPUs and technology at
Eagle Eye, at Barracuda Networks, and at Brivo.
And we're gonna do it again in the chip industry. And it's the
core of it. It's the heart -- so you got to be here and do it.
We're gonna change the world again.
Cooley: But why? I mean you could buy one of these buildings here in
San Francisco -- an entire skyscraper and everything.
Drako: Yes, well, the skycrapers in San Francisco tend to tip over because
their foundations aren't so good.
Have you been near the Millennium Tower here in San Francisco?
Cooley: I heard about Union Square -- I think there's a hotel up [the Union
Square Hilton and the Parc 55] for sale for a billion dollars.
Why do you invest in EDA, Dean???
Drako: Because it's fun, John -- that's what I love to do, that's why.
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[ slow dramatic pause ... ]
Cooley: Joe [Costello]. Are you a billionaire like Dean?
Costello: No, I invested in real estate in Union Square, John.
It seemed like a good idea at the time.
So now I have to work in EDA again.
[laughter]
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