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- Norm Waitt and his younger brother, Theodore (Ted) Waitt, cofounded Gateway, the $9.6 billion (sales) PC titan, in an Iowa barn 16 years ago. Norm, who put up all of $5,000 to start the company, left Gateway in 1991 after a power struggle with Ted, who stayed on to build it into a powerhouse. Norm left with $10 million and a 45% stake.
www.forbes.com › global › 2001/0319/049
Norm is the founder and chairman of Waitt Company. Prior to founding Waitt Company, Norm owned Gateway Computers in partnership with his brother, Ted Waitt. Norm is a graduate of Morningside College in Sioux City, Iowa and holds degrees in business and economics.
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Waitt Company 1125 South 103rd Street, Suite 425 Omaha, NE...
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Gateway was founded as the TIPC Network by Ted Waitt and Mike Hammond in September 1985. Ted Waitt was the company's principal founder; he was later joined by his older brother Norman Waitt, Jr.: 38 Before founding the company, Ted Waitt lived on his family's cattle farmhouse in Sioux City, Iowa.
- 25,000 (2000, peak)
- September 1985; 38 years ago in Sioux City, Iowa, United States
Oct 20, 2022 · In February 1986, Waitt's brother, Norm Jr., was brought on as a full partner to handle the company's finances. Soon enough, the trio started selling custom-built PCs for cheaper than...
Philanthropy. References. Ted Waitt. Theodore William " Ted " Waitt (born January 18, 1963) is an American billionaire businessman and philanthropist. Waitt is a co-founder of Gateway, Inc. [1] Career. On September 5, 1985, Waitt, his brother Norm Jr., and Mike Hammond started Gateway 2000 with a $10,000 loan secured by Waitt's grandmother.
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- Co-founder of Gateway, Inc.
- January 18, 1963 (age 60), Sioux City, Iowa, U.S.
- Joan Peschel (div.), Michele Merkin
Aug 7, 2019 · August 7, 2019, 5:28am. Snap. Ted Waitt, CEO of Gateway Computers sits with a cow outside of the Gateway country store October 24, 2001 in New York. Waitt was at the store to celebrate the...
- Ernie Smith
Waitt Company represents the investment interests of Norm Waitt, Jr., the co-founder of Gateway, Inc. We invest directly in private companies and real estate while maintaining long-term relationships with select external managers of public and private equities.
Mar 19, 2001 · Norm Waitt, who put up all of $5,000 to start the company, left Gateway in 1991 after a power struggle with Ted, who stayed on to build it into a powerhouse. Norm left with $10 million and a...
