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Glen Boyd

Glen Boyd, also known as William Glen Boyd and W. Glen Boyd, is a software entrepreneur and co-founder of WebTrends, where he served as president and chief technology officer. After NetIQ acquired WebTrends in 2001, he briefly served as its chief information officer. He later discussed his entrepreneurial experience on School of Hard Knocks.

Contents14 sections
Key facts

Early Programming Experience

School of Hard Knocks’ account of its interview describes Boyd as a self-taught programmer who entered the software industry at a young age.⁠[1]

Central Point Software

He was a section manager for the AntiVirus, Commute and PC Tools product lines at Central Point Software.⁠[2]

Co-founding WebTrends

He co-founded WebTrends, serving as a director from September and holding roles including president and chief technology officer.⁠[2]

From Network Security to Traffic Analytics

According to his retrospective interview, early products analyzed local-network access. As the internet expanded, the team developed website visitor analytics, extending its focus from security auditing to marketing.⁠[1]

Traffic Analysis Patent

U.S. Patent 6,112,238 names William Glen Boyd and Elijahu Shapira as inventors and Webtrends Corporation as assignee. It concerns remote traffic analysis in a distributed computing environment, was filed on February 14, 1997, and granted on August 29, 2000.⁠[3]

Public Offering

WebTrends completed its initial public offering. WIRED reported an offering price of $13 per share and approximately $45.5 million raised.⁠[4]

Supporting Prairie Conservation

Boyd and Eli Shapira jointly gave $5 million to the Nature Conservancy to help purchase 26,879 acres in Oregon for the Zumwalt Prairie Preserve.⁠[5]

Announcing the NetIQ Merger

The companies announced a merger at 0.480 NetIQ shares per WebTrends share, valued at about $1 billion using January 16 prices. Boyd described complementary website and systems-management products serving similar customers, with opportunities to share distribution channels.⁠[6][7]

Acquisition Completed

NetIQ completed the acquisition. Its annual report recorded a total purchase price of about $1.1 billion, including stock, assumed options and direct transaction costs; this was the company-wide transaction value.⁠[2]

Leaving NetIQ

Following the acquisition, he served as NetIQ’s chief information officer until resigning on August 31.⁠[2]

Historical Wealth Rankings

Fortune ranked him 40th on its 2002 list of the richest Americans under 40, estimating his wealth at $108 million. Its 2004 list ranked him 37th at $125 million. These were estimates for those years.⁠[8][9]

School of Hard Knocks Interview

School of Hard Knocks published his interview How I Turned $1,000 Into $1 Billion, covering business ideas, funding, risk, teams and life lessons.⁠[10]

Reflecting on Entrepreneurship

The program’s newsletter revisited his experience, highlighting advice to demonstrate products and early adoption while paying attention to health and personal relationships.⁠[1]

Sources

  1. Making It BIG In the Dot-Com Boom (opens in a new window)
  2. NetIQ Corporation — 2001 Form 10-K (opens in a new window)
  3. US 6,112,238 — System and method for analyzing remote traffic data in a distributed computing environment (opens in a new window)
  4. Two More Join Net-Stock Frenzy (opens in a new window)
  5. $111-Million Bequest to Finance 29 Nonprofit Groups; Other Recent Gifts (opens in a new window)
  6. WebTrends to Merge With NetIQ (opens in a new window)
  7. NetIQ to buy WebTrends for $1 billion (opens in a new window)
  8. 40 Richest Under 40 — W. Glen Boyd (opens in a new window)
  9. 美国40位40岁以下的富豪 (opens in a new window)
  10. How I Turned $1,000 Into $1 Billion (opens in a new window)