||This article may be expanded with text translated from the corresponding article in the Persian Wikipedia. (April 2010)|
Farzad Nazem photographed by Christopher Michel in 2014
|Net worth||US$300 million (2003)|
Farzad Nazem (Persian: فرزاد ناظم) (born in 1961), also known as Zod Nazem, was Yahoo!'s chief technology officer and one of its longest-serving executives. On May 30, 2007, at age 46, he announced that he would retire and leave Yahoo! in June of that year. Since retirement, Nazem has spent most of his time on investments, philanthropy, and professional mentoring of young entrepreneurs in the technology field.
Nazem began working at the young age of 13 and paid his way through college. At the age 19, he graduated with a B.S. degree in Computer Science with highest honors from the California Polytechnic State University. Upon his graduation, he was recruited by Rolm Corporation, a revolutionary technology company of the time.
Nazem started his technical career in the VLCBX Division at Rolm Corporation, producing large, computer-based telephone switches. He was soon recruited to join Sydis Inc., a spin-off of Rolm, as a senior engineer. Sydis was positioning itself to become the leading provider of hybrid telephony and computer platform of the early 1980s.
In 1985, Nazem joined Oracle Corporation, what was then a small pre-IPO company. He spent a little over 10 years at Oracle working closely with its CEO, Larry Ellison, on strategic projects like the creation of the “Information Super Highway.” This effort of the early 1990s was meant to bring information and entertainment to consumers’ homes by providing the software platforms for Video Serving and other services to Telcos. By the time Nazem left Oracle, the company had grown from 350 to around 35,000 employees.
When Nazem was recruited by Yahoo! in 1996, the company was less than a year old and had yet to go public. At the time, Lycos, Infoseek and Excite were considered established and more popular internet search engines while Yahoo! was better described as an internet directory. Nazem was brought to Yahoo! to build the engineering organization, take over site operation and to complete the executive team in preparation for the company’s public debut.
Under Nazem, Yahoo! became an internet giant. Nazem lead several initiatives that helped Yahoo! grow rapidly and distinguish itself from competitors including a very scalable infrastructure composed of farms of small generic servers with a free operating system (freeBSD). The cost effectiveness and the scalability translated to a more reliable user experience while having the highest profit margins in the industry. In 1997, Yahoo! entered the crowded email market and quickly added hundreds of millions of users becoming the most popular mail server. Additionally, through all the innovations, Yahoo! became a web portal and originator of the personalized web experience, My Yahoo.
Throughout Yahoo!’s surge, Nazem spearheaded over 40 company acquisitions, which helped in building out the different services offered by Yahoo!. Almost all of the acquisitions were technology companies and he was in charge of the integration of the people and the services.
Because of its dedication to innovation and Nazem’s strong and effective leadership, Yahoo! was one of the 3 companies (the other two being Ebay and Amazon.com) that survived the internet bubble burst of 2000 and 2001. Collectively these companies were dubbed the “3 horsemen of the Internet.” Particularly significant, Nazem was the only remaining executive from the first phase who remained through the burst and into the second phase of Yahoo!’s growth. As such, he provided stability and continuity and set the groundwork for continual innovation.
By the time he retired in 2007, Nazem had grown Yahoo!’s engineering team from 6 to 6000 engineers. Additionally, he was credited with establishing a new norm of omnipresent service and the first website to serve hundreds of millions of users without downtime. When Zod retired from the company in 2007, Yahoo! had 690 million visitors a monthly basis and employed 12,000 people.
Upon his retirement from day to day operations at Yahoo!, Nazem released an official statement on Yahoo’s corporate blog, Yodel Ancedotal. In this statement, he wrote “After spending the last 26 years in this fast-paced technology industry, I’ve finally decided it's time to slow down. I'll be retiring in early June. After joining tiny little start-ups like Oracle and then Yahoo!, I never imagined things would take off the way they have. And looking back on my eleven years here at Yahoo!, I’m amazed at all that this company has accomplished. Yahoo! has played such a significant role in building the Internet into what it is today and I’m incredibly proud to have been a part of such a talented team.”
Nazem’s dedication to Yahoo and the technical community, as well as his influence and impact, continued long after his retirement. While at Yahoo!, Nazem had mentored many Yahoo! alumni who have gone on to found, lead and invest in numerous companies. Now, Nazem spends his time coaching entrepreneurs on everything from technical architecture to market strategy, raising capital, grooming talent, and mergers and acquisitions. Since 2010, he has invested in over 15 companies.
In 2003, Nazem and his wife co-founded a private family foundation, The HAND Foundation. He serves on its board of directors.
Nazem also serves as a trustee of The Nueva School. As such, he and the rest of the Board are working on expanding the school (currently Pre K-8th grade) through the creation of the first 21st century high school for gifted learners.
Notorious for avoiding acclaim, Nazem has always stayed in the background and chosen to be low-profile. Nazem, his wife and two children live in the San Francisco Bay Area.