Born with an entrepreneurial spoon in his mouth, Shai Agassi was seven years old when he began writing computer programs in Fortran. His first business proposition, made to his father at the age of 14, was: “If you buy me an Apple IIe, I’ll give you 10 percent of my lifetime profits from writing software”.
The repayments on the Apple IIe began in earnest after Shai finished his military service. Between 1990 and 1993, he and his father founded a string of four business software companies, the last of which he sold to SAP, Europe’s largest software company, for $400 million. He was 33 years old.
It was time, he said, to make the world a ‘Better Place’.
"I was afraid of taking risks. But then I realised that if I don't take risks, my whole value goes away"
Listen to Shai Agassi talk about a new ecosystem for electric cars