Forbes has announced Upstart Holdings’ co-founder and CEO, Dave Girouard who is also an ex-Google employee, as the latest tech expert to become a billionaire.
According to Forbes, he is now worth of $1.3billion. This comes after his company’s shares increased by a whopping 89% on a single day trading to make him a billionaire within 24 hours.
He was a former president of Google Enterprise Services where he built Google’s cloud app business worldwide.
Girouard founded Upstart, a marketplace lender that offers personal loans using non-traditional variables such as education and employment, to predict creditworthiness.
After the market closed on Wednesday, the San Mateo, Calif.-based firm reported fourth-quarter earnings that nearly tripled average analyst expectations and posted full-year 2020 revenue of $233 million, 42% higher than in 2019. The company now sports an eye-popping market capitalization of $8.3 billion, or 20 times trailing revenues.
“Last quarter was monumental for us as we took the company public in the midst of a historically complex and challenging time for the world,” Girouard said Wednesday evening during Upstart’s inaugural earnings call. An Upstart spokesperson said Girouard was unavailable for a Thursday interview.
The Gates Foundation has revealed it has back-up plans in case its co-chairs, Bill and Melinda Gates cannot work...
Helping Hands Internationals hold H2i Sango Team meeting today 31st of January 31st, 2018 at coop house, No 2,...
American billionaire investor, Bill Miller has revealed that half of his personal net worth is now invested in bitcoin...