Vinod Gupta developed a highly successful database firm that he eventually sold for $680 million. He now owns and operates Everest Group which invests in other similar firms and provides consulting services to them based on his decades in the industry. Gupta specializes in underperforming companies which he helps turn around, becoming competitive and profitable.
When he started out in the database industry he identified a need that he could fill This was in the 1970s when people needed to look at the Yellow Pages for information on businesses and people instead of the internet. Vinod Gupta first built a database filled with all of America’s mobile home dealers. He sold this database to mobile home manufacturers who wanted additional locations to sell their products through.
He realized that businesses in other industries could use similar lists. Vinod Gupta eventually named his company American Business Information and it was the Google search of its day. When he sold this company it was named Infogroup and it remains as a huge database and marketing firm based in Papillion, Nebraska.
He says that nowadays the information is far more detailed than it had been back in the 1970s when it was essentially the name of the business, their address, and phone number. Vinod Gupta says that companies now can use Infogroup’s database to do things like finding out the name of every restaurant within a set distance of a landmark or how many hotels are in a particular neighborhood. Visit This Page to learn more.
He leaves the management of day-to-day affairs at Everest Group to his team. His company is better off with him focusing on the long-term success of it and who they will achieve growth. Vinod Gupta says it is impossible to pay attention to things happening on a daily basis while pursuing long-range goals.