Red Hat Co-Founder’s Latest Venture Prepares to Battle Amazon
By Karen E. Klein
From selling typewriters in his native Ontario, Canada, in the 1970s to wrestling with Microsoft (MSFT) in the 1990s as the co-founder and chief executive of open- source software company Red Hat (RHT), Bob Young has been a fiercely competitive serial entrepreneur. His latest venture is 9-year-old Lulu.com, a website that revolutionized self- publishing by automating the process of creating, printing, and selling books. Young says Lulu had $35.9 million in revenue last year and is approaching $40 million in 2011. Now he’s preparing the 130-employee, Raleigh (N.C.) company for a challenge of its own: Online bookseller Amazon’s (AMZN) recent entry into the publishing arena.Mais
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