How a college ski club transformed Intuit cofounder and Forbes400 listmaker Scott Cook from would-be economist to billionaire:
Scott Cook is chairman and co-founder of Intuit, a company that helps millions of people and small businesses manage their finances with products like QuickBooks, TurboTax and Mint. Cook was harnessing the power of software to make a common task simpler in 1983, when Google’s co-founders were still in grade school, most of thewas learning basic arithmetic and Mark Zuckerberg wasn’t even born. Today, the publicly-traded behemoth boasts sales of over $6 billion and a market cap of $68 billion.
“Couple of guys pointed to me and said"Him!" No one else was stupid enough to run. So I inherited what was essentially a dead ski club,” Cook said. rose to the challenge and transformed the nearly defunct ski club to the largest in the state. Cook says managing the club felt like running a business: the extracurricular was financially independent from the university and ran on student dues.
Cook also found there was power in pooling people resources, as well as financial ones. “USC was a large commuter school at the time. It was hard for people to break in. There weren’t natural dorms or fraternities,” Cook said. “The ski club was a way for people to find their social milieu.”
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