FACE-2-FACE with Gary Hoover - Founder of Bookstop, Hoovers Inc
Face-2-Face with Gary Hoover, Founder of Bookstop, Hoovers Inc.
Gary Hoover began his entrepreneurial journey at an early age. Convinced that the best way to change the world for the better was to lead or create enterprises, he started subscribing to Fortune magazine when he was 12. While other kids were playing baseball, he was memorizing the Fortune 500. He visited hundreds of corporate headquarters and offices before he was 18 and studied the stock market in depth. As part of his education, he studied economics at the University of Chicago under Milton Friedman and two other Nobel Prize winners, served as a securities analyst for CitiBank on Wall Street, worked as a buyer for Federated Department Stores, and headed up acquisitions and strategic planning for the May Department Stores Co. At the age of 30, he finally took the plunge and created pioneering book superstore Bookstop, which helped change the nature of book shopping in America. This company was sold to Barnes & Noble for $41.5 million when it was 7 years old. After he and his partners sold Bookstop, Gary returned to his first love of understanding businesses, and in 1990 began a small business information publisher, the Reference Press. This company evolved into Hoover¹s Inc., the world¹s largest Internet-based provider of information about enterprises. In July 1999, Hoover¹s went public and in March 2003, the company was purchased by Dun & Bradstreet for $117 million. Like Bookstop, Hoover¹s has changed the way we do things and today employs over 600 people. This is what Gary Hoover started out to do as a teenager.
In the time since, Hoover has started other successful businesses and has also had his share of failures. He also spends much of his time educating and inspiring young entrepreneurs. In the 2009-10 school year, he served as the first entrepreneur-in-residence at the Herb Kelleher Center for Entrepreneurship at the McCombs School of Business at the University of Texas at Austin.
Tuesday, August 13th
8:30 - 10:00 am
Whole Foods Market Global Headquarters : 550 Bowie St. Austin, TX 78703
FREE PARKING - please park on level P2 in the 'yellow' area and use the elevators to the plaza level of the offices.
Learn More: FACE2FACE with Gary Hoover Founder of Bookstop Hoovers Inc