Have you ever wondered about the history of a multinational corporation like Google? After all, building a company requires time and money – and we’re willing to wager there’s no shortage of people interested in investing time into a startup. But who invests the money?
For Google, that’s where Stanford professor David Cheriton came in. According to a recent article from Forbes, Cheriton is probably the wealthiest full-time academic in the world. He considers startup companies to be his one expensive passion, with his most recent unrelated "splurge" being a 2012 Honda Odyssey he purchased "for the kids".
In truth, Cheriton lives humbly - he's owned the same house for more than 30 years, drives a 1986 Volkswagen Vanagon, and cuts his own hair. He also works 10 to 12 hours a day - someone who obviously understands the value of hard work. When two Stanford Ph.D. students approached him in 1998, he wrote them a $100,000 check - one that is now worth more than $1 billion in Google shares.
In case it's not readily apparent, I feel I should mention that Cheriton didn't come by all this money through dumb luck. Having grown up during the Great Depression, Cheriton was encouraged to blaze his own trail - a self-described independent sort who stayed away from team sports and built his own timber fort in his family's backyard.
It seems the old idiom is accurate – hard work really does pay off.
Click here to read this article in full.
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Petra Industries is the nation’s leading electronics distributor for consumer electronics, custom installation, mobile A/V, and appliance accessories.
For Google, that’s where Stanford professor David Cheriton came in. According to a recent article from Forbes, Cheriton is probably the wealthiest full-time academic in the world. He considers startup companies to be his one expensive passion, with his most recent unrelated "splurge" being a 2012 Honda Odyssey he purchased "for the kids".
In truth, Cheriton lives humbly - he's owned the same house for more than 30 years, drives a 1986 Volkswagen Vanagon, and cuts his own hair. He also works 10 to 12 hours a day - someone who obviously understands the value of hard work. When two Stanford Ph.D. students approached him in 1998, he wrote them a $100,000 check - one that is now worth more than $1 billion in Google shares.
In case it's not readily apparent, I feel I should mention that Cheriton didn't come by all this money through dumb luck. Having grown up during the Great Depression, Cheriton was encouraged to blaze his own trail - a self-described independent sort who stayed away from team sports and built his own timber fort in his family's backyard.
It seems the old idiom is accurate – hard work really does pay off.
Click here to read this article in full.
---
Petra Industries is the nation’s leading electronics distributor for consumer electronics, custom installation, mobile A/V, and appliance accessories.
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