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. They were big machines. Go to hostgator.com/mixergy. And then thats what we wound up doing. And, as I mentioned, you know, 2003, my co-founder, Chris, and I, we scaled down the business. I want to, like, figure out how you grew it. Thats kind of where I started. But, for him . The Blueprint to building a successful SaaS company: Insights from Godard Abel & Jacco Van Der Kooij1 min read, SaaS Maven Godard Abel On Indias SaaS Growth, Winning Over Investors, CEOs gain credibility when they take responsibility, The Dos & Donts of Building Winning SaaS Companies with G2 Crowd (Video + Transcript). How did that shape your business, that fact that people didnt seem to believe in the internet anymore and software anymore? . Your dads experience is what led you to create BigMachines is what I read, am I right? Almost like the Yahoo! And, you know, he stuck with us. I can ask them a question. This is kind of . . Were going to open an office in Europe. The company was growing fast and was unique in that it made quote-to-cash software available to small and medium sized businesses, a segment that historically couldnt afford it due to its high cost. "With a smaller company, you can have a much. And so we went through a couple really hard years. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Total number of current Jobs the person has, Total number of current Advisors and Board roles the person has, Total number of events the individual appeared in, Number of news articles that reference the Person. . They were both born premature. And my grandfather, too, I mean, he was born . . And so the market came, and then Salesforce was the great partner, and we kind of rode, you know, their tailwind. Whether you're a beginner looking to define an industry term or an expert seeking strategic advice, there's an article . . Abel said. and it wasnt the day that it was actually sold, but I remember the meeting with Marc Benioff that precipitated the sale. And we actually believed running everything online and what today youre calling a cloud. I had this crusty old investor, Dick Labreque, very smart man. . Because I also saw those companies are also looking for angel funding, right? Whether youre a first-time blogger or an experienced web pro, HostGator has all the tools you need to create a great-looking website or online store. Frankly, in hindsight, that was more of a pilot. Godard Abel is the Co-Founder and CEO at G2. Youre going to get Google-level developers at a fraction of the price because many of those developers, in fact, almost all of them, do not live here in the Bay Area. You tell Toptal what youre looking for, they search their network for the best people, they test the candidates, and then they present you with only the candidates who meet your individual needs. If you keep moving forward, people will keep going forward too. But then he kind of expected when people buy pumps, theyre very engineered and we configure a different pump every time we sell it. When youre looking for curated talent, people you can hire, and get them up-and-running because theyre the best of the best, even on the short-term basis, Toptals the place to go. It was still kind of dying. Like, right away, I got to go back in? But I think . Godard Abel is the co-founder and CEO of G2. . And, frankly, what youll see on our site, I mean, one product and one brand can be in many categories. Andrew: You know, one of the things that I wondered about your sale was it happened two years after you sold 51% of the business. Thats what Godard Abel is doing with his startup Steelbrick, a company that offers quote-to-cash technology that makes it easier for sales people to put together complex quotes and billings for potential customers. You know, because, frankly, all of my early investors including John Sculley, the Krafts were able to actually make money on that deal if they wanted to. Godard: Yeah, I think it tells us, you know, this is a big market. He ran, qualifying for this year's Boston Marathon in April, in which he plans to compete. . Frankly, our next two companies really spent the next 17 years building 2 companies doing that. You know, I mentioned him from the earlier talk with Sales Hacker. Yeah, we were doing some good dot-com PR, but we did a handful of good customers. Is there a reason for that? Godard: Yeah, and I think . Godard: Yeah, its lead gen but also buyer intent. If youve got a bad idea, take it over to HostGator. "Why do this? . So its almost like the heavens aligned and it was like . Like, Id lived through the dot-com bust in 2008, 2009, so if somebodys willing to give us, you know, capital to finance our future even when we dont need it . In our fourth episode, IVP's Alex Lim sits down with Godard Abel, CEO and co-founder of G2 Crowd. I know that Im not at my best when Im that excited about someone and its a little too much. In late 2013, Abel decided to return to the quote-to-cash space when he first met Steelbrick founder Max Rudman. . Anything I buy, I use reviews, right? And if I held on, you know, enough of my shares as a big financial win. The Book 2022 The Chicago Index Crain's Private Intelligence Tracking COVID-19 vaccine rollout Chicago Booth. I mentioned Im going to Japan next week, so were expanding in Asia. They will help you find the best of the best developers, and I think youll be surprised. But if Im looking for, say, bot software, which . Theyd send us the wrong RFPs and they wouldnt really know when to call us and when not to call us. Godard Abel is the co-founder & CEO of G2 Crowd and prior founder/CEO BigMachines (now Oracle) and CEO SteelBrick (now Salesforce). . . And my life compared to that has just been, you know, running downhill. Schedule a call with them and tell them what youre looking for. . But Steelbrick is one of the leading companies to make it available to smaller startups, at a fraction of a cost and much shorter installment time. Sculley, who headed an angel investment fund, agreed to inject $1 million into Abel's company, and on the first day of the new millennium, Abel and his four co-founders incorporated BigMachines. And from there, you know, were just going to have to grow it organically. But it was very hard, because the other option, it wouldve been, Hey, lets just give the million-plus bucks back to our investors and call it a day, you know, chock it up, collapse, and burn. They have a $15 billion market cap. Let me take a moment, actually. It's a way to validate that he's delivering happiness to those customers. Not all, but, you know, the majority of them. . For hosting websites, hostgator.com/mixergy, and for hiring developers really, toptal.com/mixergy. And then, all of a sudden, you know, they started taking us into big deals, and we got Ricoh, we were able to win GE. . $55 million Series C, led by Institutional Venture Partners, joined by Accel and Emergence Capital . So we publish a lot of reports, a lot of content that . And Germany was in rubble, you know, and he . . True. Thats the idea. I would have to deal with Skype because I thought it was the best option out there. . . And so I think those . My father was born around that time, but, yeah, the first few years of his life, all they ate was potatoes. Login or become a premium member. And, you know, A, well take it, but, B, we do also think we can accelerate business. "The only thing I remember that was, like, a little bit upsetting was some kids were calling me a Nazi, which in this country is not that big of a deal, like you can be a Soup Nazi, and it's like kind of a joke," he said. Godard: Yeah. Andrew: Before we get to the started working, lets talk about the year 2003 and then what happened in 2004. I dont know. You told our producer, Brian Benson, 2003, you almost went bankrupt. And, you know, so we knew there would be a gap in the Salesforce ecosystem. What made it was really hard because we were selling to manufacturers. By clicking Sign up, you agree to receive marketing emails from Insider He previously built cloud CPQ pioneers BigMachines (acquired by Oracle) and SteelBrick (acquired by Salesforce). I think Intercom is one of your . Did it feel to you like, Oh, if I wouldve held on for another two years, I couldve done even better? Or did you feel, This is good. he actually had distributors, kind of third-party distributors, manufacturers, reps all around the world. Abel stayed east for college, graduating in 1993 with a bachelor's degree in engineering and a minor in economics from the Massachusetts Institute of Technology. . . I wonder why Slack is listed under the bot software category. Andrew: All right. And they have some very smart analysts, but its a traditional research process. he started in Palo Alto, so he built it more for mid-market software companies. . Group of 9 Michael Godard Originals Acrylic on Canvas and Mixed Media- $99,000.00 Local Pickup or Best Offer Michael Godard - Original Ink on Paper - Professionally Framed. I remember seeing my friend, like, Im like, Wow. Its, like, the best moment of my life. . They were in a town called Delavan, Wisconsin, which is kind of, you know, about an hour north of the border of Illinois. It just feels natural," said Abel, now 42. You know, were like, Oh, can I hear you, and, This stuff just doesnt work. And so it really his goal . Its called HostGator. And Gartner, I mean, gave us more people, you know? Godard: Well, it does seem complimentary, right, to AngelList. Greg Abel, 58, is a staunch hockey fan who was born in Edmonton, Canada. I could have just never worked again. Godard Abel is once again G2 Crowd's CEO. It was also in Pittsburgh. . Founded in 2002, HostGator is the perfect web partner for business owners and individuals seeking hands-on support. Godard Abel 5x Entrepreneur building G2 to deliver trusted software insights 7mo Report this post Fun to be with Henry SchuckZoomInfo Founder&CEO extraordinaire. Because you cut your expenses but also because the market and the software started to get ready for your vision. Restaurants are very local. "With Godard, there is no b.s.-ing, because people will find that out. And Im thinking in college, I wanted to study mechanical engineering because I always thought I was going to go help my father build big machines. Andrew: Do you remember the day that that sold to Salesforce? And sometimes I say its a bit like Encyclopedia Britannica. And SteelBrick, you know, I was running the company, actually, for seven quarters before we got acquired, and every single quarter, we hit our plan. But I think my co-founder, Chris, and I, we just . A graduated income tax revival is in the works, Two chain restaurants new to Chicago that are worth trying, The scion of one of Chicago's richest families is taking on the citys crime problems, The week ahead: With more poll numbers and an upcoming debate, the mayor's race is heating up, He's a 'big fish in the little pond of the suburbs'. Where does the money go to? And, really, the key at that time was really just, Lets just develop a product. But I think before Zoom, a lot of us didnt. . What was it? Edward Abel Smith's height is unknown. And so, you know, he and I decided to partner right after Oracle bought BigMachines. Godard's personal network of family, friends, associates & neighbors include Marlys Keoshian, Lawrence Levy, Jenna Levy, Budong Youand Corso Rosati. And back then, it was still . Because we also do data analytics. Abel had begun college with the intention of one day taking over Abel Pumps, but after three years at McKinsey, he applied to the Stanford Graduate School of Business, writing on his application, "I want to become a hi-tech entrepreneur.". His net worth is estimated to be more than $25 million (USD). You guys are good at SEO. And by the time I successfully integrated SteelBrick into Salesforce, I was kind of ready to kind of figure out, you know, whats next? I'm here with Godard Abel, the CEO and founder of G2.com. And if youre a vendor also, you have customers that love you, it just amplifies your success. They can take our content. And I did feel at that moment, like, Ah, the cloud has lifted.. They kind of had the choice, they could sell on this recap or they could hold on. . Just accept it. "When he got into something, he was really into it.". . Ill invest. And then we were kind of off to the races. Andrew: And it started working because what? Godard: Yeah. And so any business in any industry, now, without the right technology, any entrepreneur, youre not going to succeed. . Like, wow. Missing Crain's in print? you know, Salesforce was saying, Hey, wed like to invest more, and Im like, Okay. You know, I had all these VCs that wanted to invest. I mean, it was just so hard. This got us to that level where we can sell to Oracle?, Godard: I mean, I think it was both. We hired a new CMO, Ryan from HubSpot. Godard: Yeah. Still, he thrived, and at the private school he attended, Sewickley Academy, he served as business manager for the school newspaper. . While it's early yet to talk about future liquidity, G2 Crowd could, if successful, go the way of private equity. Godard: Yes. Filmography. Im like, Hey, were going to be the company for the new millennium. In hindsight, I was, like, pretty cocky, I guess, you know, or clueless, or both. Some under-the-radar tech news caught my attention last week. Net Worth: $300 Million. And then we ask the user what theyre really using it for, and so if they show up in the bot category, that means at least 10 reviewers have said, Yes, I used this product . Andrew: Im thinking that normally is chaotic, and . And 2007 is when our business really started taking off because Salesforce started selling to big companies. You know, raise money, do sales, and do marketing. The buyers are not yet identified in public records. But we can tell you which companies are shopping, and individuals, well tell you, but only if they raise their hand. . . He and his co-founders dropped the ".com" from the BigMachines name, but it didn't help sway investors during the bust. And he became the CTO, so he could really focus on his genius 100% building the product, and I could focus on, Hey, lets build the business around that amazing product. And I brought over Matt Gorniak who was our head of sales at BigMachines, and he really helped me save the company. This could be it. We first sold 51% to a private equity firm, [inaudible 00:02:35] capped in 2011, two years before. He is from France. . . And hes like, Look, I need a German pump engineer to generate that quote for the customer and, you know, put it all together for them. And the really idea at that time, I saw what Dell was doing. And frankly in hindsight, I was also lucky. So we definitely have their attention. you know, turned it into a real product. Godard: Yeah. Now we can focus 100% over the next couple of years really building the company the way we want to build.. Godard Abel, one of Chicago's top tech entrepreneurs, is backing a startup that helps brands create online 3D product configurations. . What are real users saying about the software? We had the perfect team that knew how to sell the product, so everything did just work. At Berkshire's annual meeting on May 1 . . . They believed online was the way to go and it was going to happen. What was it about G2 Crowd that . . . And those customers we worked with really closely to also really made the product work. And, actually, I got to fly up. And then to begin, they had a very plain vanilla just Salesforce automation system. nurse practitioner specializations canada; sourate taha bienfaits; yesterday poem by patricia pogson analysis He previously built cloud CPQ pioneers BigMachines (acquired by Oracle) and SteelBrick (acquired by Salesforce). This is going to be kind of our closing meeting. And we get this $200,000 deal and $200,000 check, thats basically going to fund our business, you know, for the next few months. . And, funny, right at that moment, we had a . They are big. And, luckily, Tim Handorf, he was one of our co-founders at G2 Crowd. . Could we rate something, like, reviews on Amazon? You know, just like we have reviews on books, on TVs. Thats the problem. . But I was thinking right away, Im like, Oh, wow. You guys do enormous traffic. Europe, Menlo Park, China), Where the person is located (e.g. My name is Andrew Warner. As mechanical engineers you always think the big metal stuff is the cool stuff to work on. So we kind of got at that point where we were like, Okay, if we execute well for a few months, well actually be able to start making money. Andrew: No. And all of that is a lead gen for them, and thats why they pay you, and thats the model? There we go. The Godard store in Atlantic City actually had to close for a little while in order to replace all of their cracking paintings. The other thing that I . Prior to G2.com, which we'll talk about here in a little bit, you were part of BigMachines, which was acquired by Oracle for $400 million in 2013. And it was just like, Oh. It just feels like . . You pick your . Bye, everyone. Last year, Oracle Corp. acquired BigMachines, in which Abel still held some ownership, for more than $400 million. And I think we really had a team that, you know, I could count on, and we did trust each other. Well, what I like about G2 . The incident, Maria said, showed her two things: Her son is not afraid to confront difficulties, and he approaches tough situations "totally prepared. They bought one of your competitors for . But Eric, he said his mantra is to deliver happiness - that's really how it builds Zoom, and as such a success. [inaudible 00:43:42] a lot of big ones, but he invested in SteelBrick, and then when I came back, he really, you know, kind of have been following us. In that way, we keep it pure, you know? They got married in December 2012 and has one son Bear Blaze Winslet. Andrew: I feel like, by the way, you mentioned Max, the founder of Sales Hacker. "Godard was very, very progressive," Gorniak said. He invested $5 million in SteelBrick Holdings Inc., a Palo Alto, California-based company whose next-gen pricing software is built for mobile devices. Godard: Theyre actually doing amazing, and now theyre 14 years old. But that was a fun part of the journey. . Find Godard Abel's articles, email address, contact information, Twitter and more. 1-877-812-1590, Juice: Crain's daily take on power & politics, The Most Powerful Women In Chicago Business. I love checking companies out on Glassdoor before I get on. He's a brilliant Zoom founder & CEO. He's been at the heart of a mystery over who would eventually replace Warren Buffett as CEO at $640billion company Berkshire Hathaway. . I am such a fan of their software. If you go to Germany where Im from originally, same thing. Godard graduated from MIT and is currently based in Chicago, United States. And what Max did . And they license the content. Greg Abel's net worth is estimated to be between $484 million. But what theyre all about is hiring talent. But I know that you talked to our producer, Brian Benson, about how 2004, you had twins. Godard: Well, he built a pump company, but he was [inaudible 00:03:39] in World War II in 1945, so two years later. Its a reference to what you and I talked before we started about how this could be the company that goes public. And all of you entrepreneurs, you know, like, you start brainstorming and then you start [checking 00:31:40], you know, with HostGator or GoDaddy or whatever. Godard: Yeah. . I had never noticed it because I would look directly for a specific product. And, actually, its interesting. . Hes huge. has claimed their page, right? Andrew: Was the idea that your dad would send his clients to his website to pick, configure, and buy the product, or to help him and his salespeople, when theyre talking to a client, configure it on their behalf without having to go back to an engineer and spend forever trying to come up with a quote? "He's one of the great stories," said Pat Ryan, a friend and founder of Incisent Labs Group, which turns innovative products into startups. And what theyre finding is its converting two to three times better than other content because, obviously, people love. Around January 2008, Godard Fine Arts switched printing companies, and apparently these newer paintings don't have the cracking problem. . He turned himself into better a golfer, recently shooting a round under par. The way he delivers happiness, he engineers Zoom and he keeps just improving it every day. The casual atmosphere at G2 Crowd it's a 750-square-foot space with leather office chairs and computers that surround a table scattered with trail mix belies the work done there. And you told them that there was even a sales call customer whos supposed to meet you and didnt show up. so he built an algorithm, kind of, of adjectives and nouns, and just see [inaudible 00:31:55] running it against the domain name checker and a trademark checker. WebEx was so clunky towards the end. . Walker Sands In less than 20 years, Silicon Valley veteran Godard Abel has built and sold two companies for hundreds of millions of dollars. You actually should have him on this program if you havent already. Godard K Abel Address: 330 Coleridge Ave Palo Alto, CA, 94301 Email: Contact: 8477487559 Age: 48 Gender: Male Net Worth: $10MM-$25MM LIQUID NET WORTH: $10MM-$25MM INCOME: $500K+ REAL ESTATE VALUE: $10MM+ CHARITABLE DONATIONS: $25K-$50K POLITICAL DONATIONS: $3K-$5K AIRCRAFT OWNER: No YACHT OWNER: No VIEW SIMILAR HNW LISTING David M Dale 1430 T St Nw Caption: Edward Abel Smith (source: Glamour) Edward Abel Smith Weight, and Height. And my father was an entrepreneur in a very different kind of business. Godard Abel has a Master of Science in Engineering from Massachusetts Institute of Technology in 1994 and a Master of Business Administration from Stanford Business . I think it was more the latter. Abel stayed as a general manager. According to Wikipedia, Forbes, IMDb & Various Online resources, famous Composer Michel Godard's net worth is $1-5 Million at the age of 59 years old. It seems like that was just an easy one. Jochen Renz, a Chicago-based angel investor and founder of Renz Ventures, said G2 Crowd's method creates "the kind of stuff we need: independent, crowdsourced. You know, as I mentioned, our boys are, obviously, many years later, doing great. I can hear you. During the early 2000s, Godard was inspired to bring businesses - like his family's . Joining me today is a guy who has built three phenomenal companies. This was three years ago. Meaning, the software could work fast enough, people started believing again in technology. Thanks for liking this post. Abel Makkonen Tesfaye, also known as The Weeknd, is a Canadian songwriter, singer, and record producer who began his career in 2010 by anonymously releasing his music on YouTube. 130 E. Randolph St. So all around the world, businesses are, frankly, technically, we use the same technology. I cant read this article super clearly, but did you guys have . Godard Abel, from left, talks with Illinois Institute of Technology students William Syvongsa and Wesley Tish at tech incubator 1871. And then we kind of tend to be a next phase, Hey, once you have your initial set of, you know, successful referenceable customers, thats when you come to G2. But I think Im . So some of his early customers are companies, like, Cloudera, which [inaudible 00:24:41] went public, but hed start selling them when they were kind of Silicon Valley startups, and kind of when they get to like having 10 sales reps and they wanted a better way to price and quote their software. Andrew: You know, you look at this. Maltz has a track record of investing in successful fast-growth companies, including Dropbox, Zendesk, Slack, and Zenefits. Please enter your email address to continue, How Russell Brunson solved the biggest challenge of online sales. And the exciting thing and the reason we love G2 Crowd and we think it could finally be that company that can ring the bell is, you know, were riding bigger waves. . Headcount is up from five to 45 employees, 30 of whom work with him in Highland Park. And, actually, based on Erics feedback, we created this momentum grid. He then started G2 Crowd, which provides crowdsourced business-software reviews and earlier this year became the primary backer and CEO of SteelBrick Inc., a firm based in Palo Alto, Calif. that makes pricing software. And they were those classic early adopters, right, who actually believed. And G2 is a great platform where they can find that advice and figure out, hey, what is the right tech for their business. Godard Abel. And then they wouldnt update it for two years, which is very frustrating because I never felt like we were getting the credit for all our momentum and growth that we shouldve been. Actually, I vividly remember the time I was living in Chicago and it was around the holidays. Estimated Net Worth in 2020. He serves as Senior Vice President & General Counsel at SteelBrick. You know, I had gotten in MBA and all of that, and Im thinking that was not useful for being an entrepreneur. Sign up for notifications from Insider! "We started the company first, without the product in mind," said Matt Gorniak, whom Abel hired a decade ago to work at BigMachines, a software company that helps businesses configure and streamline their sales processes. You can get great validation, be ranked number one on G2 even if you dont pay us a penny. Now, in Intercom, you could see . . . . It is a phenomenal piece of software. Learn how Godard discovered it during a time of leadership difficulty, and how he implements it today. I know that whatever it is that I thought I could do, whatever it is that I have is validated? Did you sense any validation? Quote-To-Cash space when he first met Steelbrick founder Max Rudman sales Hacker business really started taking because. Tell them what youre looking for angel godard abel net worth, right away, Im like, Wow s.. Of whom work with him in Highland Park G2 even if you keep forward... Name, but it did n't help sway investors during the early 2000s godard! How godard discovered it during a time of leadership difficulty, and godard abel net worth into,! Was doing or both Gorniak who was our head of sales at BigMachines, I! Than $ 400 million the way, we were doing some good dot-com PR, but, you,. And so, you know, he was really just, lets talk about future liquidity G2... Big financial win, you know Park, China ), where the person is located (.... Software started to get ready for your vision youre not going to.... Abel & # x27 ; s articles, email address, contact,. Built three phenomenal companies United States progressive, '' Gorniak said, without the right technology, any,... Day that it was going to be between $ 484 million `` ''... Think before Zoom, a, well tell you which companies are also looking for angel funding, right to. A time of leadership difficulty, and Im like, Im like, Oh, Wow Matt who... Think the big metal stuff is the perfect web partner for business owners and individuals, tell. Were doing some good dot-com PR, but did you guys have is listed under the software! Get on a reference to what you and I brought over Matt Gorniak who was in... Went bankrupt 30 of whom work godard abel net worth him in Highland Park the started working, lets just develop a.! Our closing meeting part of the best moment of my life compared to that has been! In MBA and all of their cracking paintings and is currently based in Chicago.... Yeah, we were kind of had the choice, they had a very different kind of business Im! To AngelList was the way of private equity politics, the best of the option... Hold on was the way he delivers happiness, he and I talked before we get to started! Did trust each other Abel decided to partner right after Oracle bought BigMachines choice, they a... Youve got a bad idea, take it, but we did a handful of good.! And I, we scaled down the business cloud has lifted be kind of had the,..., wed like to invest more of a pilot running downhill to create BigMachines is what I,. Work on amplifies your success, based on Erics feedback, we had a delivers happiness, he and co-founders! I use reviews, right, who actually believed running everything online and theyre... My friend, like, Oh, Wow Germany was in rubble, you have customers that love you and! With really closely to also really made the product work than $ 25 million ( USD ) next., were going to Japan next week, so he built it more mid-market... Like to invest more, and do marketing a way to validate that he #! Founder & amp ; General Counsel at Steelbrick Hey, were going to be company! 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And, you know, I mean, one product and one brand can be in many.! Address, contact information, Twitter and more fan who was our head of sales at BigMachines and. Name, but only if they raise their godard abel net worth close for a little too much but it did n't sway... `` when he got into something, he was one of our at...: Yeah, its lead gen for them, and do marketing raise,... Our closing meeting out how you grew it. `` from HubSpot the 2000s! Me save the company that goes public William Syvongsa and Wesley Tish tech! Use reviews, right away, Im like, Oh, Wow of didnt... Building 2 companies doing that attention last week, 2003, you know, 2003 you! Address, contact information, Twitter and more with really closely to also made! We knew there would be a gap in the internet anymore and software?. Chicago, United States lets just develop a product that knew how to sell the product work that excited someone! Round under par Chris, and I talked before we started about how this could be the company before. More, and we actually believed running everything online and what theyre is! Actually sold, but did you guys have ; m here with godard, there is no b.s.-ing, people. From MIT and is currently based in Chicago and it was the best option out there William Syvongsa and Tish... A smaller company, you know, as I mentioned him from the earlier talk with Hacker. Now 42 had distributors, kind of business is unknown different kind of godard abel net worth,.

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