Introduction
Stephen Gordon is an entrepreneurial genius whose name has been synonymous with business success for the last two decades. He is the co-founder and former CEO of Opower, an energy-saving software company that went public in 2014 and was later acquired by Oracle. Besides Opower, Gordon has had several exits in the technology space, ranging from IPOs to multi-million dollar acquisitions. It is no surprise, therefore, that many people wonder how much net worth Stephen Gordon has accumulated from his entrepreneurial ventures. In this post, we will delve into his career and estimate his net worth, as well as answer some FAQs related to the topic.
Section 1: Early Life and Education
Stephen Gordon was born and raised in San Francisco. From a young age, he showed signs of exceptional intelligence and creativity, qualities that would later serve him well as an entrepreneur. He attended California Polytechnic State University, earning a degree in mechanical engineering. Even before he graduated, he had a keen interest in entrepreneurship and would often attend business seminars and read books on the subject.
Section 2: Early Career
After graduation, Gordon worked for several companies, including Bechtel and the Lawrence Berkeley National Laboratory. However, he soon realized that he wanted to create his own business and left to start his entrepreneurial journey.
Section 3: Co-Founding Opower
In 2007, Gordon co-founded Opower with Alex Laskey and Dan Yates. The company created a software platform that helps households and businesses save energy by providing real-time information and personalized recommendations. Opower gained popularity quickly, and by 2014, it had gone public with an IPO that raised $116 million. Later that year, Oracle acquired Opower for $532 million in cash.
Section 4: Other Ventures
Besides Opower, Gordon has had several other entrepreneurial ventures that have contributed to his net worth. One of the most notable is Makani Power, a wind energy company that was acquired by Google in 2013. Gordon was also an early investor in Hims & Hers, a telehealth company that went public in 2021 with a valuation of $1.6 billion.
Section 5: Net Worth Estimate
Estimating Stephen Gordon’s net worth can be challenging, as he has not disclosed an exact figure. However, based on his entrepreneurial successes and various exits, it is safe to say that his net worth is in the hundreds of millions of dollars. Some sources estimate his net worth to be around $400 million, while others speculate that it could be even higher.
Section 6: FAQs
Q1: How did Stephen Gordon become an entrepreneur?
A1: Gordon had an interest in entrepreneurship from a young age and attended business seminars even before he graduated from college. He gained some work experience in his field before leaving to start his own business.
Q2: What is Opower, and why was it successful?
A2: Opower is a software platform that helps households and businesses save energy by providing real-time information and personalized recommendations. It was successful because it addressed a major environmental concern while also offering cost savings to customers.
Q3: What other companies has Stephen Gordon founded or invested in?
A3: Gordon has founded or invested in several companies, including Makani Power, a wind energy company that was acquired by Google in 2013, and Hims & Hers, a telehealth company that went public in 2021.
Q4: How much was Opower acquired for?
A4: Oracle acquired Opower for $532 million in cash in 2016.
Q5: What is Stephen Gordon’s net worth?
A5: Stephen Gordon’s net worth is estimated to be in the hundreds of millions of dollars, although an exact figure has not been disclosed.
Q6: When did Opower go public?
A6: Opower went public with an IPO that raised $116 million in 2014.
Q7: What is Hims & Hers, and why is it successful?
A7: Hims & Hers is a telehealth company that provides convenient, affordable, and discreet access to healthcare for both men and women. It is successful because it fills a gap in the healthcare industry by offering accessible and personalized care.
Section 7: Conclusion
Stephen Gordon is an entrepreneurial genius whose contributions to the technology and energy sectors have been invaluable. His net worth, estimated to be in the hundreds of millions of dollars, is a testament to his business acumen and visionary leadership. Aspiring entrepreneurs can learn a lot from his story and successes.
Section 8: Call-to-Action
If you’re inspired by Stephen Gordon’s story and want to start your own business, don’t be afraid to take the first step. Remember that entrepreneurship is about taking risks, being persistent, and continuously learning. With hard work and dedication, you too can achieve success.