Bob Parsons, the founder of the global web host GoDaddy, returned to his alma mater, the University of Baltimore, to impart a number of lessons to students currently studying there.
Some of the lessons he taught to students included: never going into business for the sole purpose of winning money, the temptation to give up is most potent just before success, and never shirk away from taking big risks.
Parsons graduated from the university in 1975 and regularly attempts to help the university. In the summer of 2011 he donated a massive $1 million to create a new professorship in digital communication.
He commented on the programs he has set up at the university and his involvement in teaching the new generation of students: “It’s critical in this day and age,” He continued: “The Internet has changed everything. We expect to know everything instantly. If you don’t understand digital communication, you’re at a disadvantage.”
Parsons has had a long history in business. In 1984 he sold accounting programs as part of his new business, Parsons Technology. Ten years later he sold the business for a mindboggling $64 million. It was only a few years later when Parsons set up GoDaddy, which struggled in the beginning.
Parsons has shown he is more interested in dedicating his time to helping others these days, but he is still the company’s largest shareholder and executive chairman after selling the company for $2.25 billion in 2011.
George Rice, a mature student studying economic development and real estate, commented on the talk given by the GoDaddy founder this week: “It’s another story of a person who had persevered over the obstacles and made it big.”
GoDaddy’s commitment to the University of Baltimore follows a long line of special events as it recently held its annual regatta and Danica Patrick became GoDaddy’s full-time NASCAR driver.