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Merrick School of Business

Bob Parsons

Lessons From Legends in Entrepreneurship

Bob Parsons

Bob Parsons's Rule #2: Never give up.

Almost nothing works the first time it's attempted. Just because what you're doing does not seem to be working, doesn't mean it won't work. It just means that it might not work the way you're doing it. If it was easy, everyone would be doing it, and you wouldn't have an opportunity.

See All of Bob's 16 Rules for Success in Business and Life.

Bob Parsons, B.S. '75, D.H.L. '08, founder and executive chairman of Go Daddy

On Nov. 12, 2012, UB alumnus Bob Parsons will share his stories of his entrepreneurial career as part of the Lessons From Legends series.

UB students should click here to register for this event.

Bob Parsons's Bio

Bob Parsons founder and executive chairman of Go Daddy.

Parsons joined the U.S. Marine Corps during the Vietnam War and received the Combat Action Ribbon, Vietnamese Cross of Gallantry and a Purple Heart Medal. Upon his return, Parsons enrolled in the University of Baltimore where he earned a Bachelor of Science degree in Accounting. He is a Certified Public Accountant.

A serial entrepreneur, Parsons' first endeavor was Parsons Technology, a software company he started in his basement in 1984, after teaching himself how to write computer programs. After creating the company's initial software, MoneyCounts and Personal Tax Edge, Parsons used direct mail marketing to sell these and subsequent products.

When Parsons Technology was sold to Intuit, Inc. in 1994 for $64 million dollars, the company had nearly 1,000 employees, $100 million in annual revenue and three million customers. At the time, Parsons Technology sold more than 100 products, was releasing a new product or significant product upgrade every six days, and was sending more than six million pieces of direct marketing mail each month.

In 1997, Parsons started Jomax Technologies, using funds from the sale of Parsons Technology. He renamed the company Go Daddy in 1999, and in 2000, Go Daddy became an ICANN-accredited domain name registrar.

Today, the Go Daddy family of companies is comprised of three ICANN-accredited domain name registrars, including flagship registrar and Wild West Domains, LLC, as well as Starfield Technologies, LLC, its technology development arm.

Throughout his entrepreneurial career, Parsons' business philosophy has been to create low-priced, feature-rich products combined with the highest levels of customer service.

This philosophy has fueled Go Daddy's growth, leading it to become the No. 1 domain name registrar worldwide, both in terms of new registrations and domains under management. Go Daddy currently registers, renews or transfers a domain name more than every second of every day, has more than 9.5 million customers worldwide, manages more than 49 million domain names and employs more than 3,300 people. Go Daddy is also the largest Web hosting provider in the world with more than 5 million active hosting accounts. Most of the applications sold by Go Daddy are developed in-house and all of Go Daddy's legendary customer care centers are all located in the United States.

Parsons has driven the expansion of Go Daddy's core business beyond domain names, to include website hosting, secure SSL certificates and email accounts. Go Daddy is a one-stop shop for domain names, websites and everything in between.

View his Vlog.