Sabeer Bhatia
Indian-American businessman
Sabeer Bhatia (born 30 December 1968) is an Indian-American businessman who co-founded the webmail company Hotmail.com.Bhatia has a net worth of USD 200 million. Sabeer Bhatia was born in a Sindhi family in Chennai, India. The mother, Daman Bhatia, who was drafted into the army as a seed in the army and later joined the Indian defence, was posted as an elderly officer in the Central Bank of India. at St. Joseph's High School.In 1986, he began his undergraduate studies at Birla Institute of Technology and Science (BITS) in Pilani and after two years transferred to California Institute of Technology (Caltech). After graduating from Caltech, in 1989 Sabeer went to Stanford University to pursue an MS in electrical engineering. At Stanford, he worked on the ultra low power VLSI design.At Stanford, he was inspired by entrepreneurs like Steve Jobs and Scott McNeely and decided to be like them. After Masters Ph.D. Instead, he decided to join Apple.
Career
Bhatia briefly worked for Apple Computer (as a hardware engineer) and Firepower Systems Inc. He, along with his colleague Jack Smith, set up Hotmail on 4 July 1996, American Independence Day, symbolizing "freedom" from ISP-based e-mail and the ability to access a user's inbox from anywhere in the world. As President and CEO, Bhatia led Hotmail until its eventual acquisition by Microsoft in 1998 for an estimated $400 million. Bhatia worked at Microsoft for one year after the Hotmail acquisition and in April 1999, left Microsoft to start another venture, Arzoo Inc, an e-commerce firm with Investment from Mohammed Asif, a top Indian-American banker at JP Morgan. Bhatia started a free messaging service called JaxtrSMS. He said that JaxtrSMS would do to SMS what Hotmail did for e-mail. Claiming it to be a disruptive technology, he says that the operators will lose revenue on the reduction in number of SMSes on their network but will benefit from the data plan that the user has to buy. To date, JaxtrSMS service has failed to replicate the success of Hotmail. Recently he invested in email collaboration software, ccZen and another e-commerce technology provider E-junkie.
Founder of hotmail
Sabeer Bhatia started with a company called Firepower Systems Inc, where he spent two years. In 1994, Sabeer started working on new ideas for the Internet, and he worked closely with Jack Smith, a colleague at Apple Computer, Inc. Both of Javasoft came up with the concept of a web-based database. Whereas after following up on this idea,He perfected the potential of a web-based e-mail system and then decided to create a Hotmail (the uppercase letters were spelled HTML - the language used to write the basis of a webpage). To attract attention, the e-mail service was provided free of charge and revenue was generated through advertising on the website. Draper Fisher Ventures invested $300,000 on the project and the service was launched on July 4, 1996. Within six months, the website attracted over one million customers.As the number of web-based email providers began to grow, Microsoft noticed it as a result, and on December 30, 1997 (Bhatia's 29th birthday), Hotmail was sold to Microsoft for a reported sum of $400 million. He attributed this to the facilitation of the entrepreneurial environment in the United States. In an interview, he criticized the Indian government, saying that "they haven't been able to do Hotmail in India yet".
Personal life
Bhatia is of Punjabi heritage.His father, Baldev Bhatia, was a captain in the Indian Army and his mother worked for the Central Bank of India. Sabeer married Tanya Sharma in 2008 and they have a daughter together. Later, they filed for divorce in January 2013 in a court in San Francisco, citing "irreconcilable differences".
Other undertakings
After selling Hotmail, Bhatia worked for a year at Microsoft in April 1999, leaving the company to start another website, Arzoo Inc. which was closed after the bursting of the dot-com bubble. In 2010, he relaunched Arzoo as a travel portal. He started a website, BlogEverywhere (with co-founders Shiraz Kanga and Viraf Jack), a website that attempted to capitalize on the emerging blogosphere.In 2006, he became an angel investor in NeoExel, a network security vendor and creator of SSL VPN-Plus. In November 2007, they released an online alternative to Microsoft Office called Live Documents. The application allows users to access, edit their documents both offline and online, collaborate and share documents with others in real-time, and sync documents between different computers and users.Users can also download Microsoft Office plug-in which also allows them full compatibility for Office document formats with the best offline and online office suites. He also laid great emphasis on providing internet access through cable TV to Indian homes. In January 2008, Sabeer announced the launch of his latest venture SabSeBolo.com (SabSeBolo.com), a free Web-based teleconferencing system.On June 14, 2009, Sabbir Bhatia's subsidiaries acquired Jaxter, an Internet telephone service startup, for a secret amount. Jaxter will stick to its brand name and support Sabsebolo's vast userbase.They have plans to develop a new city named Nanocity in India in future. NanoCity aims to replicate the vibrancy and innovation of ecosystems found in Silicon Valley.
Some of the awards received by Sabeer Bhatia are as follows :
- “Entrepreneur of the Year,” by the venture capital firm Draper Fisher Jurvetson (1998).
- Recipient of the TR100 award, presented by MIT to 100 young innovators who have the greatest impact on technology.
- Named to the “Elite 100,” Upside magazine’s list of top trendsetters in the New Economy.
- Selected by the San Jose Mercury News and POV magazine as one of the ten most successful entrepreneurs of (1998).
- Named by TIME as one of the “People to Watch” in International Business (2002).
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