We read about Oracle Founder Larry Ellison, few of the questions which still needs to be answered why did net worth of other founders did not match with Larry Ellison Net worth , then what is the Ed Oates Net worth ?.
Ed Oates Education
Ed Oates completed his graduation from San Joes university California , he graduated with BA in Mathematics.
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Ed Oates initial career
Though Ed Oates was very good at analytics, he worked in various role like singer, he worked in US army- Personnel Information Systems Command (PERSINSCOM), later he joined Ampex as supervisor and worked in Memorex before starting Oracle.
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Ed Oates and Oracle
Ed Oates and Robert Miner were colleagues in Ampex left the company and decided to start something innovative and co-founded a company called Software Development Laboratories (SDL) with small investment of $800 and soon Ellison joined the firm and funded $1200.
Story of Oracle
The main motive according to Ed Oates to start a company was he saw people were paid more based on experience rather than the skill they possessed , this made him to think of starting something on his own hence he teamed up with Robert miner and started Oracle.
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Ed Oates Net worth
Ed Oates net worth initially was based on the Partnership of Oracle which was 60% to Larry Ellison , 20% to Bob Miner and 20% to Ed Oates. The partners agreed that Bob and Ed would get a larger part if they met targets. Bob went up to 30% but Ed Oates left the organization.
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When did Ed Oates Leave Oracle
Ed Oates initially had told Larry that he would be leaving the organization when they have employee count of 10000 but he left once Oracle had 20000 employees in 1996.
Why Ed Oates Net worth has not Increased as Larry Ellison Net Worth.
Larry Ellison Net worth Increased rapidly because of Oracle but Ed Oates Net worth did not increase because he left oracle in 1996, Oracle became famous after 1996.
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Ed Oates net worth after Oracle
Ed Oates after resigning from Oracle started a high end home theatre shop called the Audible Difference which had clients including Apple founder Steve Jobs and his friend Larry Ellison but he sold the store in 1999. He currently a board of advisors for big data analytics company Auguri corporation and Gloolabs he is also serving as volunteering time on the Board of Directors of the San Francisco Zoological Society and the Tower Foundation Board of San Jose State University.