Michael J. Saylor
Michael J. Saylor (born February 4, 1965) is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services. Saylor authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. He is also the sole trustee of Saylor Academy, a provider of free online education. As of 2016, Saylor has been granted 31 patents and has 9 additional applications under review.
Michael J. Saylor
Portrait of Michael J. Saylor
|Alma mater||Massachusetts Institute of Technology (MIT)|
|Occupation||Chairman, President, and CEO of MicroStrategy|
Saylor was born in Lincoln, Nebraska on February 4, 1965 and spent his early years on various Air Force bases around the world, as his father was an Air Force chief master sergeant. When Saylor was 11, the family settled in Fairborn, Ohio, near the Wright-Patterson Air Force Base.
In 1983, Saylor enrolled at the Massachusetts Institute of Technology (MIT) on an Air Force ROTC scholarship. He joined the Theta Delta Chi fraternity, through which he met the future co-founder of MicroStrategy, Sanju K. Bansal. He graduated from MIT in 1987, with a double major in aeronautics and astronautics; and science, technology, and society.
A medical condition prevented him from becoming a pilot, and instead he got a job with a consulting firm, The Federal Group, Inc. in 1987, where he focused on computer simulation modeling for a software integration company. In 1988, Saylor became an internal consultant at DuPont, where he developed computer models to help the company anticipate change in its key markets. The simulations predicted that there would be a recession in many of DuPont's major markets in 1990.
Using the funds from DuPont, Saylor founded MicroStrategy with Sanju Bansal, his MIT fraternity brother. The company began developing software for data mining, then focused on software for business intelligence. In 1992, MicroStrategy won a $10 million contract with McDonald's to develop applications to analyze the efficiency of its promotions. The contract with McDonald's led Saylor to realize that his company could create business intelligence software that would allow companies to use their own data for insights into their businesses.
Saylor took the company public in June 1998, with an initial stock offering of 4 million shares priced at $12 each. The stock price doubled on the first day of trading. He owns over 39,521 units of the company worth over $4,804,963. By early 2000, Saylor's net worth reached $7 billion, and the Washingtonian reported that he was the wealthiest man in the Washington D.C. area.
In 1996, Saylor was named KPMG Washington High-Tech Entrepreneur of the Year. In 1997, Ernst & Young named Saylor its Software Entrepreneur of the Year, and the following year, Red Herring Magazine recognized him as one of its Top 10 Entrepreneurs for 1998. Saylor was also featured by the MIT Technology Review as an "Innovator Under 35" in 1999.
In March 2000, the U.S. Securities and Exchange Commission (SEC) brought charges against Saylor and two other MicroStrategy executives for the company's inaccurate reporting of financial results for the preceding two years. In December 2000, Saylor settled with the SEC without admitting wrongdoing by paying $350,000 in penalties and a personal disgorgement of $8.3 million. As a result of the restatement of results, the company's stock declined in value and Saylor's net worth fell by $6 billion.
The Mobile WaveEdit
In June 2012, Saylor released The Mobile Wave: How Mobile Intelligence Will Change Everything, published by Perseus Books, which discusses trends in mobile technology and their future impact on commerce, healthcare, education, and the developing world. The book appeared on the New York Times Best Seller list, where it was ranked number seven in hardcover non-fiction books in August 2012, and was ranked number five in hardcover business books on the Wall Street Journal's Best-Sellers list in July 2012.
In 1999, Saylor established The Saylor Foundation (later named Saylor Academy), of which he is the sole trustee. To support his goal of making free education available to all students, Saylor.org was launched in 2008 as the free education initiative of The Saylor Foundation. The site now offers roughly 100 college courses that are supported by free content from universities including MIT and Carnegie Mellon University, that students can access without having to pass through an admissions process.
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- "Patents by Inventor Michael J. Saylor". Justia.com. Retrieved 13 May 2016.
- Harry Jaffe (1 March 2000). "The Seven Billion Dollar Man". The Washingtonian. Retrieved 25 January 2013.
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- "Initial Public Offerings Key Data". NASDAQ. 11 June 1998. Retrieved 27 January 2013.
- Mark Leibovitch (9 August 1998). "A Journey Into the Secret Heart of Capitalism". Washington Post. Retrieved 21 September 2016.
- "Michael Saylor Net Worth (2019) – wallmine.com". wallmine.com. Retrieved 2019-07-24.
- Stan Hinden (6 July 1998). "Transforming information into another public utility". New Straits Times. Retrieved 19 February 2013.
- "Michael Saylor". The Washington Post. 21 June 2000. Retrieved 19 February 2013.
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- David S. Hilzenrath (14 April 2000). "SEC Investigating MicroStrategy". The Washington Post. Retrieved 29 January 2013.
- Debra Lau (18 December 2000). "Forbes Faces: Michael Saylor". Forbes.com. Retrieved 25 January 2013.
- David S. Hilzenrath (15 December 2000). "Saylor, Associates Settle Fraud Charges". The Washington Post. Retrieved 29 January 2013.
- "SEC Brings Civil Charges Against MicroStrategyand Three Executive Officers for Accounting Violations". sec.gov. U.S. Securities and Exchange Commission. 14 December 2000. Retrieved 19 February 2013.
- David Plotz (23 March 2000). "Michael Saylor MicroStrategy's cult leader". Slate. Retrieved 19 February 2013.
- Catherine Yang (8 February 2004). "MicroStrategy's Second Wind". Businessweek.com. Bloomberg. Retrieved 25 January 2013.
- Carol Ross Joynt (27 June 2012). "MicroStrategy CEO Michael Saylor's "The Mobile Wave" Examines the Implications of Mobile Technology". The Washingtonian. Retrieved 12 February 2013.
- "Best Sellers — Hardcover Nonfiction". The New York Times. 5 August 2012. Retrieved 12 February 2013.
- "Best-Selling Books, Week Ended July 15". The Wall Street Journal. 20 July 2012. Retrieved 12 February 2013.
- "About the Saylor Foundation". saylor.org. Saylor Foundation. Retrieved 21 February 2013.
- Richard Vedder (14 September 2012). "Saylor as Savior?". Forbes. Retrieved 21 February 2013.