In 2013, SAP bought up CRM and cloud service provider Hybris for 1.5 billion US. At the time, the deal was the largest of its kind for a European entrepreneur, but for anyone in . It also came at a time when cloud technologies, their use case and applications, were in their absolute infancy. In this episode of the OMR Podcast, I had the chance to discuss the deal with Thoma, if he has any regrets about the timing and the price—can you regret a billion-dollar deal? We also discussed his activities as an angel investor, his investing strategy and we didn't leave any meat on the proverbial bone getting the low-down on his chain of BBQ smokehouses stateside.