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1, 000 Dollars and an Idea: Entrepreneur to Billionaire

Wyly, Sam

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ISBN 10: 1557048037 / ISBN 13: 9781557048035
Editore: Newmarket Press, New York, NY, 2008
Da Michael Patrick McCarty, Bookseller (New Castle, CO, U.S.A.)

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Glued binding. Paper over boards. With dust jacket. 261 p. Audience: General/trade. Inscribed "To Charles Sam Wyly". In this case, Charles is Charles Abbott, Director of Digital Arts Aspen, author, and former official photographer of the Aspen Music festival. Very good in very good dust jacket. Signed by author. Codice inventario libreria Alibris.0011981

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Dati bibliografici

Titolo: 1, 000 Dollars and an Idea: Entrepreneur to ...

Casa editrice: Newmarket Press, New York, NY

Data di pubblicazione: 2008

Legatura: Hard cover

Condizione sovraccoperta: Dust Jacket Included

Edizione: First edition..

Descrizione articolo


The rags-to-riches story of an amazing business wizard—from the Louisiana cotton fields to the worlds of computers, retailing, fast food, high finance, and green energy—life lessons from a man ahead of the pack and ahead of his time.

"My work is to create companies and build them," says the billionaire whom Fortune magazine, over thirty years ago, characterized_as "one of the most, if not the most, important entrepreneurs" of the century. This was even before Wyly contributed to nearly every great technological, service industry, and investment business breakthrough in the second half of the twentieth century.

Now, in his fast-paced, fascinating, and candid memoir, Wyly reveals the thought processes, relationships, and financial machinations behind the building of his diverse businesses over the last four decades.

Here's the story of how he worked his way through Louisiana Tech selling class rings and why, after his first job in which he broke sales records for IBM (along with Ross Perot, a fellow IBM salesman) and a brief stint at Honeywell, he decided to risk $1,000 of his savings to found the first "computer utility" company in the business world. This was in 1963. Two years later, he took his University Computing Company public and became an instant millionaire.

Never losing his entrepreneurial spirit, Wyly undertook one challenge after another, such as:
· Waging a successful anti-monopoly battle against AT&T, enabling him to build a "telephone highway" for computers
· Growing the modest Bonanza Steak House chain, which he "inherited" as the result of a bad debt, to a total of 600 outlets before selling it for a huge profit
· Creating a new systems software company, Sterling Software, which he eventually sold for $4 billion
· Dividending Sterling Commerce to public shareholders and selling to AT&T_for $4 billion in 2000
· Expanding the small arts-and-crafts chain Michaels Stores from 10 to 1,000 stores before selling it for $6 billion in 2006
· Founding Green Mountain Energy, which has become the largest and most profitable green business in the country.

Part autobiography and part inspirational self-help business guide, Wyly not only provides his homespun life lessons in the practice of starting and building businesses, but he also delivers refreshing new insights into how many American businesses operated from the 1950s to the present.

About the Author:

Sam Wyly, a self-made billionaire of Scottish and Irish descent, grew up in Louisiana and attended local schools before going to Louisiana Tech University to study journalism and accounting. He won a scholarship to the University of Michigan Business School, where he earned his MBA.

Sam has been a working entrepreneur for nearly half a century. He has founded and/or grown successful companies in online computing, computer software products, oil refining, insurance, steakhouse franchising, arts-and-crafts retailing, hedge fund investing, environmentally friendly electricity and Internet carbon offsets.

Among the companies he created and grew are University Computing, Sterling Software, Sterling Commerce, Earth Resources, Gulf Insurance, Bonanza Steakhouses, Michaels Stores, Maverick Capital and Ranger Capital. An active proponent of clean air through clean energy, he created Green Mountain Energy (and and Green Bull Fund.

Sam and his wife, Cheryl, are generous contributors to countless philanthropic organizations, including the Dallas Center for the Performing Arts and the Aspen-Pitkin County Animal Shelter. Sam has also endowed alma maters Louisiana Tech and the University of Michigan Business School. Sam and Cheryl recently purchased Explore Booksellers and Bistro in Aspen, Colorado.

His autobiography, 1,000 Dollars and an Idea: Entrepreneur to Billionaire (Newmarket Press, September 2008), is his first book, and he is currently at work with his daughter Christiana on a book about green entrepreneuring.

Sam has six children, ten grandchildren, and two great-grandchildren. He has lived most of his adult life in Dallas, Texas, and also spends time in Aspen and in New York's Greenwich Village.

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