Everyone loves a good success story, especially in the tech industry. Whether it is Steve Jobs’ massive triumph with Apple despite dropping out of college or Mark Zuckerberg’s dorm room fiasco en route to the birth of Facebook, these accounts are always noteworthy.
But when it comes to extraordinary, juicy and ‘bloggable’ stories, most pale in comparison with that of Joe Liemandt’s.
The new ‘cool kid’ in town
When one generally envisions a tech company, the first image that would pop up mentally would be ‘nerds’ in their mid-20s, working long hours on a daily basis and spending most of their free time either alone or still in front of a computer. Liemandt, however, changed all of that.
Upon the founding and development of his own company called Trilogy, Liemandt propagated a culture of fun through weekly beer parties, while also showering his employees with the perks that come with being in the industry. Many who had the chance to work for Liemandt at Trilogy equated their experiences to that of a celebrity, enjoying lavish hotel parties.
This strategy had essentially helped Liemandt implement whatever policies he wanted, even if it seemed illogical from a superficial standpoint. One example of which was his requirement for employees to install spyware into their computer systems, giving upper management full control of their every process made on the computers.
Nonetheless, Trilogy saw an influx of programmers wanting to be part of the team. Of course, this only gave Liemandt more success, pushing his net worth up to $3 billion. By the time he turned 50 years of age in 2018, his name was back on the Forbes 400 list at #271, after falling off in 2001.
Crashing and rising back up
Of course, a success story is not complete without the struggles, trials, and tribulations that led to an eventual renaissance. In Liemandt’s case, it was the dot-com bubble (otherwise known as the dot-com crash), which put a sudden halt to his success in the 1990s.
But while it did force him out the prestigious Forbes 400 list, the innovations he put forward when he built Trilogy became the precursor to the birth of other massive companies like SendGrid and Nutanix. In a way, despite a major stumbling block, Liemandt, in that sense, is considered to be a catalyst for a whole new trend in the industry.
Becoming an industry icon
Today, Joe Liemandt’s name is one of those synonymous to triumph in a cutthroat industry like technology. With a real-time net worth amounting to $3 billion, he is also the founder of investment firm ESW Capital. In a nutshell, the company’s main business model is to purchase business software companies, and strengthening them along the way.
His path to success and glory may be an unprecedented one compared to his peers, but going through the road less traveled is what built Joseph Liemandt into the tech industry icon that he is today.
7 simple ways to boost your website’s online sales
How do you improve your website’s buying process in order to increase sales?
3 reasons your business should still accept checks
Businesses need to embrace technology to stay competitive, but here’s why they still need to accept good old paper checks.
Gambling industry investors may profit the most in these countries
If you’re an investor looking to put some cash into the gambling industry, here are some countries to consider.
Wheaton Precious Metals Corporation is on the up
The resolution of the tax issues removes the cloud that this stock was laboring under and deterring investors.
3 lessons for entrepreneurs from Shazam’s long road to success
Chris Barton, co-founder of Shazam, showed that belief and persistence pays off eventually, even if it takes a decade to...
- Crowdfunding4 days ago
Wisdom of the crowd or herd mentality? A crowdfunding lesson
- Business4 days ago
Think you’re ready to launch a startup? Not until you take these steps
- Cannabis5 days ago
CBD-infused food is becoming a reality as consumers turn to cannabidiol for health benefits
- Cannabis4 days ago
West Coast Ventures Group Corp. (OTC:WCVC) capitalizes on CBD market growth and the mainstream acceptance of cannabidiol