About
I am Chairman of Rackspace Hosting Inc. (NYSE: RAX).
Back in 1998, I provided seed capital to start Rackspace. The three founders (Richard Yoo, Dirk Elmendorf and Pat Condon) had an idea to make it much easier to host complex webistes. That idea evolved into what is known today as managed hosting.
Six months after investing in Rackspace, I put my real estate business on hold (www.westoncentre.com) to act as CEO until 2006. While CEO, Rackspace grew from 12 to 1200 Rackers (employees) and from $1m to $200m in annualized revenue. Lanham Napier (presidend since 2000) became CEO in 2006.
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