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Business

BlackLine IPO shatters Silicon Valley glass ceiling

Opening sequence

Opening sequence

Business

BlackLine IPO shatters Silicon Valley glass ceiling

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COMING UP:BlackLine IPO shatters Silicon Valley glass ceiling

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Transcript

00:00:01
>> It's not everyday you see this.
NOISE].
woman ringing the opening the bell to mark the IPO of a tech company, her tech company. She has a Blackline, a Cloud based accounting software provider surging 39% on their first day of trading. Making founder and CEO, Terese Tucker, part of a very exclusive club of female tech entrepreneurs.
00:00:24
She points to her childhood for giving her what it takes to break through one of the toughest of glass ceilings, the one in Silicon Valley.>> I grew up with very little gender profiling. There was never, in my entire upbringing, a, you can't do that because you're a girl message, ever.
00:00:45
And that's an important thing when people are profiling in their own way, is to not put those limitations on kids. Because it lasts their whole lives.>> Tucker earned a computer science degree and started BlackLine back in 2001. She's grown annual revenues to $84 million and taken on 1500 corporate customers, including big names like Coca-Cola, Under Armour, and Costco, to name a few.
00:01:12
All from this Southern California headquarters that looks a lot like those Silicon Valley tech campuses up north, but things are not always the way they appear.>> There was one meeting that I was with my Chief Revenue Officer, and a gentleman walked in, sat down across from us, completely ignored me.
00:01:33
And turned to my 6'3" chief revenue officer who's a white male, okay. And said, so tell me about your company? And he's going
LAUGH],
rying to get him to. He just wouldn't. And I finally said, since I founded it, why don't I tell you about it? And he, and I said something about it after the meeting.
00:01:57
And he goes, well you know, he goes you were kind of elderly and matronly and I just assumed that he was the CEO.>> The well received IPO raising an impressive $146 million by the way. Tucker plans to use the proceeds to pay of debt and give her company a higher profile.
00:02:14
As she continues to prove that high-tech success doesn't always have look the same way.