BILL GROSS
:''This article concerns the business-startup manager; for the bond manager, see William H. Gross''
'Bill Gross' (fl. 2000s) is an American business manager.
He founded the business incubator Idealab in March, 1996, and serves as the company's Chairman of the Board and Chief Executive Officer. He is also credited as the creator of the pay per click model of search advertising.
Gross serves on the boards of numerous companies. He is also a member of the Board of Trustees of the California Institute of Technology and of the Art Center College of Design. He received his B.S. (1984) in Mechanical Engineering from the California Institute of Technology.
One company founded by Gross, GoTo.com, Inc., was the first company to successfully provide an Internet search engine which relied upon sponsored search results and pay-per-click advertisements. Goto.com was later renamed Overture Services Inc. and was then acquired by Yahoo! to provide their Yahoo! Search Marketing products.
In 2005, Gross is working on development of a rooftop concentrated photovoltaic solar collector exclusively for California flat-roofed commercial buildings.
In November 2001 Gross defaulted on a $50 million personal loan he had taken from the Bank of America. In March 2006 the board of directors of Idealab voted to pay off the loan, protecting Gross from bankruptcy. Gross's efforts to use Idealab to bail out his personal finances were the subject of a minority shareholder lawsuit filed in 2002, which was eventually settled.[1] Court documents filed by the plaintiffs allege that the funds were used in part to finance Gross's purchase of a Gulfstream personal jet.[2]
In 2004 Bill Gross created the SNAP search engine which became quite popular in 2006 after SNAP Site Previewer was released.
Yahoo! Search Marketing
★ Idealab Biography
★ Bill Gross talking about Snap.com October 2004, Web 2.0
★ Bill Gross talks about his clean technology efforts June 2007, socalTECH.com
'Bill Gross' (fl. 2000s) is an American business manager.
He founded the business incubator Idealab in March, 1996, and serves as the company's Chairman of the Board and Chief Executive Officer. He is also credited as the creator of the pay per click model of search advertising.
Gross serves on the boards of numerous companies. He is also a member of the Board of Trustees of the California Institute of Technology and of the Art Center College of Design. He received his B.S. (1984) in Mechanical Engineering from the California Institute of Technology.
One company founded by Gross, GoTo.com, Inc., was the first company to successfully provide an Internet search engine which relied upon sponsored search results and pay-per-click advertisements. Goto.com was later renamed Overture Services Inc. and was then acquired by Yahoo! to provide their Yahoo! Search Marketing products.
In 2005, Gross is working on development of a rooftop concentrated photovoltaic solar collector exclusively for California flat-roofed commercial buildings.
In November 2001 Gross defaulted on a $50 million personal loan he had taken from the Bank of America. In March 2006 the board of directors of Idealab voted to pay off the loan, protecting Gross from bankruptcy. Gross's efforts to use Idealab to bail out his personal finances were the subject of a minority shareholder lawsuit filed in 2002, which was eventually settled.[1] Court documents filed by the plaintiffs allege that the funds were used in part to finance Gross's purchase of a Gulfstream personal jet.[2]
In 2004 Bill Gross created the SNAP search engine which became quite popular in 2006 after SNAP Site Previewer was released.
| Contents |
| See also |
| External links |
See also
Yahoo! Search Marketing
External links
★ Idealab Biography
★ Bill Gross talking about Snap.com October 2004, Web 2.0
★ Bill Gross talks about his clean technology efforts June 2007, socalTECH.com
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