Haute 100 San Francisco Update: Thomas Siebel

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Our Haute 100 list details the accomplishments of the most influential people in each of our markets—Miami, New York, Los Angeles, and San Francisco. These people continue to make moves, so rather than waiting for the next Haute 100 issue to come out, we thought we’d provide you with regular updates on those Haute 100 members who are making headlines. Thomas Siebel has a new startup company in the works that is attracting big names and a lot of funding.

Thomas Siebel

Category: Billionaires

Company: Siebel Systems

Industry: Technology

What Made Him Haute: The self-made tech billionaire got his start in the industry as a salesman for Larry Ellison’s Oracle. But when Ellison opted against Siebel’s sales-tracking software, Siebel launched his own company. Siebel Systems went public in 1996 and eventually was sold to Oracle in 2005 for the astounding price of $5.9 billion, securing Siebel a personal $500 million. Today, Siebel is chairman of holding company First Virtual Group, which has interests in real estate, agribusiness, philanthropy and asset management. Siebel is also the founder of the Siebel Foundation, which vehemently supports education, health, stem cell research, and methamphetamine prevention.

What Makes Him Haute Now: Tech mogul Thomas Siebel has a new start-up company in the works and he is collecting some major bucks and big names to back it up. His energy and emissions resource management start-up called C3 is trying to collect about $50 million in funding, even though the company is still in stealth mode. Former Secretary of State Condoleezza Rice, and former senator and Secretary of Energy Spencer Abraham are directors of C3. In April, C3 aimed to raise $30 million, and after reaching that goal the company set a new goal of an additional $20 million in funding. The company is not doing media interviews at this point, but speculation has filled in the blanks. It is assumed that C3 stands for “Carbon Conscious Consumers” and will specialize in enterprise software to help companies manage their carbon footprint. One thing is for sure, Siebel is building a lucrative and notable foundation for C3’s future.

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