49-year-old started his business ‘to make $5,000 a month to survive, pay my mortgage'—he sold it for $100 million [CNBC]
iPower Inc. (IPW)
Company Research
Source: CNBC
The 49-year-old is currently the CEO and co-founder of Nextiva, a Scottsdale, Arizona-based customer experience management company. Nextiva was most recently valued at $2.7 billion , giving Gorny a net worth of more than $1 billion, a company spokesperson says. But 23 years ago, Gorny was a struggling entrepreneur who'd lost nearly all his money in the dot-com bubble crash. He was a Polish immigrant who'd only been in the U.S. for five years, and he'd spent all of that time in the tech world. He desperately needed a small source of income. “I just wanted to make $5,000 a month to survive, pay my mortgage,” says Gorny. DON'T MISS: The ultimate guide to negotiating a higher salary The tech industry was financially in shambles, but people and businesses were still joining the internet for the first time. Gorny started a business called Ipower, which sold software that helped people build their own websites. Six years later, he sold Ipower to web hosting company Endurance Inter
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News
- iPower Inc (IPW) Q1 2025 Earnings Call Highlights: Strategic Expansion Amid Revenue Challenges [Yahoo! Finance]Yahoo! Finance
- iPower Reports Fiscal First Quarter 2025 Results [Yahoo! Finance]Yahoo! Finance
- iPower Reports Fiscal First Quarter 2025 ResultsGlobeNewswire
- iPower Inc. (NYSE: IPW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- 49-year-old lived on $3 a day when he first moved to the U.S.—now he's a billionaire tech CEO [CNBC]CNBC
IPW
Earnings
- 9/19/24 - Beat
IPW
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/13/24 - Form 8-K
- IPW's page on the SEC website