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His first was SecureIT in 1996, which was sold for $70 million in an all-stock deal two years later. He founded his most recent company, Zscaler, in 2008, and is currently serving as its CEO. With so many companies founded, Chaudhry has done his fair share of hiring. People who focus on 'building fiefdoms'One thing Chaudhry pays attention to is how interviewees measure success. Instead, Chaudhry is interested in hiring people who know that "it's the growth that's very, very important," he says.
Persons: Jay Chaudhry, AirDefense, Zscaler, Chaudhry, doesn't, they're Organizations: Builders
The 66-year-old co-founded his first company, SecureIT, with his wife in 1996. He then founded three other companies, AirDefense, CipherTrust and CoreHarbor, all of which were ultimately acquired. In 2008, he founded his current venture, cybersecurity company Zscaler, at which he now serves as the CEO. Zscaler has a current market cap of $25.31 billion as of Thursday. When it comes to what traits it takes to succeed, Chaudhry cites one characteristic: passion.
Persons: Jay Chaudhry, Zscaler, Chaudhry Organizations: Forbes
And the latest is another cybersecurity company, Zscaler, which he founded in 2008 and which has a market cap of $24.13 billion as of Wednesday. Here's how both types of workers function and why you should try to be each throughout your career. "Often builders can scale" and help a company grow, he says. Big companies tend to have more systems in place to ensure their many employees work together harmoniously. For them, "the ability to build teams, inspire them, grow them to scale the business" is ultimately what's important.
Persons: Jay Chaudhry, He's, Chaudhry's, Chaudhry Organizations: Forbes, Builders
When Jay Chaudhry sold his first company for $70 million, he focused less on his own riches, he says — and more on how the deal could turn dozens of his employees into millionaires. Chaudhry, 65, is known today as the billionaire founder and CEO of Zscaler, a cloud cybersecurity firm valued at roughly $28 billion, as of Wednesday afternoon. Nearly two years after the deal closed, as VeriSign's stock price soared, more than 70 of SecureIT's 80 employees "on paper, were millionaires," Chaudhry tells CNBC Make It. "People were going crazy in the company, because they had never thought of so much money," he says. The bubble burst later that year, and VeriSign's stock lost roughly 75% off that high point at the end of 2000, sinking to a low of nearly $4 in 2002.
Persons: Jay Chaudhry, Chaudhry, Jyoti Organizations: CNBC
He's currently CEO of Zscaler, the cloud security company he founded in 2007, which is valued at $28.56 billion as of Monday morning. "I think it's to make a difference in the world," Chaudhry tells CNBC Make It. Growing up in a farming village in rural India, Chaudhry says he "never had money in my early childhood." In his youth, his idea of success never even hinted at the prospect of launching a business, much less one worth tens of billions of dollars. He had a good job with financial security, yet he couldn't help but think: "There may be an opportunity to make a big difference'" if more companies got on the internet, he says.
Persons: Jay Chaudhry, Chaudhry, Jyoti, Zscaler Organizations: He's, Zscaler, CNBC, University of Cincinnati, IBM, Unisys, Netscape, Forbes Locations: India
Chaudhry, the 65-year-old founder and CEO of cloud security giant Zscaler, has an estimated net worth of more than $11 billion. Some people get money [and] need to buy five houses and boats and planes and all of this kind of stuff. Some people get money [and] need to buy five houses and boats and planes and all of this kind of stuff. Owning 100% of your company early on allows you to control your own business decisions, which Chaudhry recommends. "Once you raise money, that's not an accomplishment, that's an obligation," he told Ryan Seacrest in a 2019 interview, "because "now you're reporting to whoever you raised money from."
Persons: Jay Chaudhry, he's, Chaudhry, Jyoti, , SecureIT, I'm, Zscaler, Jay, I've, VCs, Mark Cuban, that's, Ryan Seacrest Organizations: Cuban Locations: India
Not really," Chaudhry, the billionaire founder and CEO of cloud security company Zscaler, tells CNBC Make It. Together, they plunged their life savings — roughly $500,000 — into SecureIT, a cybersecurity software startup they co-founded in 1997. His timing was perfect: In 1998, Chaudhry sold SecureIT to VeriSign in an all-stock deal worth nearly $70 million. I said, "If [Netscape co-founder] Marc Andreessen could start a company — he was a young guy [right] out of college — why shouldn't I start a company?" It took us a few years to really start getting traction in the market, and VCs can write you off and move on.
Persons: Jay Chaudhry, he'd, Chaudhry, Jyoti, SecureIT, Chaudhry —, , Marc Andreessen, Let's, we'd, Zscaler, you'll, VCs Organizations: IBM, Unisys, CNBC, Netscape, Atlanta, Software, BellSouth, Fortune, Forbes, IDC, Gartner, VCs Locations: India, SecureIT, Atlanta, Alpharetta , Georgia
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