Surging HubSpot stock makes the software firm's cofounder a billionaire
to achieve profitability in 2021, with expected net income of $108 million on sales of nearly $1.3 billion for the year.in Ankleshwar in western India—at the time, Shah says the town had no traffic lights and few paved roads—where he was delivered by a midwife in his parents’ home with no doctor present. His family immigrated to the United States and later to Canada when he was a child, before returning to India when Shah was in high school to care for his grandmother.
He eventually transferred to the University of Alabama at Birmingham, where he graduated with a computer science degree before joining software firm SunGard as a software developer. Two years into that gig, in 1994, he quit to launch his own company, Pyramid Digital Solutions, at age 24, alongside his brother, who was then 17—all whileThe two siblings built Pyramid over more than ten years beforeit to their former employer, Sungard, in 2005.
The pair launched HubSpot in 2006 in a bright orange workspace in Cambridge, a mile away from MIT. The software startup focused on “inbound marketing,” which uses tools like blogging, marketing events and paid ads to help companies attract, retain and expand their customer base.
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