Larry Ellison's startup NetSuite Inc. is finally prepping for its IPO. The software company expects to slide into the black later this year. NetSuite CEO Zach Nelson is shooting for a $100 million valuation.

The Architect of Oracle owns 60 percent of the company; first-grade arithmetic puts his stake around $60 mil. Woohoo! Larry's rich! Imagine the shopping list:

¬ New coat of paint on the Ellison yacht
¬ Rolaids for the accountant
¬ Budget for filming Weekend at Larry's
¬ Hiring Chuck Norris as a stunt double
¬ A new shirt, damn it

NetSuite gets sweet on idea of going public [SF Business Times]