Naveen Jain
| Naveen Jain | |
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Jain at Tech Cocktail Week
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| Born | 6 September 1959 |
| Alma mater |
IIT Roorkee XLRI - Xavier School of Management |
| Occupation | Co-founder and chairman of Moon Express |
| Known for | Founder and former CEO of Infospace |
| Website | www |
Naveen K. Jain (born September 6, 1959) is a business executive, entrepreneur and the founder and former CEO of InfoSpace. His work at InfoSpace was one of the contributors to the dot-com bubble. InfoSpace briefly became one of the largest internet companies in the American Northwest, before the crash of the dot-com bubble and a series of accounting lawsuits. After moving to Intelius, Jain co-founded Moon Express, where he is currently chairman.
Jain was born in India and grew up in a poor family. He earned an engineering degree from Indian Institute of Technology Roorkee and an MBA from XLRI Jamshedpur before moving to the United States. Initially working for several tech companies, eventually joining Microsoft in 1989. He founded InfoSpace in 1996.
Naveen Jain was born in 1959 to a Jain family. His family was poor, largely because his father, a civil engineer, refused the common practice in Indian construction projects of accepting bribes. He grew up in New Delhi and in villages in Uttar Pradesh, India.
Jain moved to Roorkee, where in 1979 he earned an engineering degree from Indian Institute of Technology Roorkee. He moved to the United States of America that same year. He looked up to businesspeople who made their own fortune, especially Bill Gates. Jain also had an early interest in space.
Jain's first job out of college in 1983 was at Burroughs (now known as Unisys) in New Jersey as part of a business-exchange program. He moved to Silicon Valley for its warmer climate and worked for "a bunch of startups" before joining Microsoft in 1989. Jain worked on OS/2, then MS-DOS, Windows NT, and Windows 95. He was awarded three patents related to Windows 95 and became best known for his work as a program manager.
Jain joined the management team for Microsoft Network, prior to its launch. According to Red Herring, he became restless after eight years at the company and said he didn't feel a single person could make a difference at a large company like Microsoft. Naveen Jain was working on the launch of Microsoft Networks (MSN), when Netscape Communications raised $2.2 billion in an initial public offering in 1995. NetScape's IPO was considered the start of the dot-com bubble, because it showed that internet companies can have large IPOs without making a profit first. Naveen quit Microsoft to start InfoSpace that year, with the aim of having his own initial public offering as quickly as possible.
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