Paul T. Buchheit - Innovation Makes Perfect
Innovation and free thinking are guiding principles for Paul Buchheit.
His work at Y Combinator and the many angel investments which he nurtures are a testimony to his application of these principles in daily life.
In addition to being a successful investor and programmer, Paul gives talks and writes elaborately about how to succeed in the investment world and about economic inequality
* Stats taken from Forbes.com.
About Paul Buchheit
Paul T. Buchheit grew up in Webster, New York. He completed his studies in Computer Science at Case Western Reserve University in Cleveland, Ohio, and began his successful career shortly thereafter. Buchheit started working at Intel but quickly moved on to become Google’s 23rd employee in 1999. During his time at Google, Paul came up with the idea for Gmail, a free email service that is arguably Google’s most successful product, with nearly half a billion registered users worldwide. Similar attempts to create a Java-based program were made before and failed, but it was Paul’s innovative and out-of-the-box thinking that allowed him to accomplish what no one before him has, and provide the world with what many consider today as a basic necessity. But Gmail was not his only groundbreaking contribution to Google. Buchheit also prompted the company’s AdSense program, Google’s second biggest revenue resource, and coined the company’s famous motto “don’t be evil”.
In 2006 Paul Buchheit decided to leave Google and pursue a more independent career route. Only one year after he left the company he founded FriendFeed, a real-time service that allows users to share links, messages, photos, and other information online. FriendFeed’s success attracted the attention of Facebook, which acquired it in 2009. In 2010, Paul joined Y Combinator, a venture capital firm that provides funding, advice, and networking opportunities to promising startups in exchange for equity. However this move merely provided a home for what Buchheit had already been doing successfully independently: between 2006 and 2009, before joining Y Combinator, he invested USD$1.21 million in 32 different companies.
“Do What You Love”
Where Is He Today?
Today, Buchheit continues to mentor and guide his pool of angel investments, which constitutes around 40 startup companies. Simultaneously, he continues to work at Y Combinator, and has an estimated net worth of USD$600 million. Recognition for Bucheit’s success and contribution to the world of entrepreneurship and private investments came in 2011, when he won The Economist Innovation Award in the field of Computing and Telecommunications.
Paul lives in Palo Alto, California, with his wife April Buchheit.