In the tech world, many inspiring stories have been emerging, especially about the CEOS who have changed the landscape of a particular industry. For instance, 23andMe co-founder Anne Wojcicki is one of them. She has been responsible for pioneering a DNA testing company based in Sunnyvale, California.
When it comes to wealth, there are a lot of stories that she would like to tell to the public. It's not just about roses and butterflies since success also comes with hardships and unexpected problems.
Who is Anne Wojcicki?
According to Business Insider, Anne Wojcicki co-founded 23andMe; a company focused on genetic testing in 2006.
So far, we know that several CEOs have already established their position in the billionaire ranking in Silicon Valley. Anne has recently joined the prestigious lineup just this late 2021.
The report suggested that her stake in the company could potentially have a value of $1.05 billion. Following this report, the obstacles have put 23andMe to different challenges previously.
In 2020, the company suffered from massive layoffs, which resulted in a decline in its performance. Although 23andMe's revenue progressively decreased over the past years, it still posed a promising career when it went public.
Born and raised in Palo Alto, Anne came from a family with a deep academic background. Her mother Esther used to be a journalism teacher at Palo Alto High School while her father Standley once led the physics department of Stanford University.
At the same time, her sister Janet was working at the University of California, San Francisco as an epidemiology professor.
For those unfamiliar with this tech CEO, Anne has also a connection to Susan Wojcicki, who is the current CEO of YouTube. As we can see, being a tech CEO might be in the blood, as well.
For her educational background, Anne finished her BS in Biology in 1996 at Yale University. After graduation, she pursued working on a biotech hedge fund.
She admitted that her parents got disappointed when she worked on it. She was embarrassed every time she went home.
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23AndMe and Wojcicki
According to Fortune, Wojcicki said that many people wouldn't talk to her for many years. When she married her husband Sergey Brin, a Google co-founder, others couldn't see her value as a company owner.
"I remember specifically how people would just look at your badge and be like, 'Oh, you're a partner. And then they ignore you," Anne said.
By the time she ventured 23AndMe, many firms backed it up. As such, Sequoia Capital, Google, and more companies managed to raise more than $873 in funds.
Initially, the saliva tests that her company conducts cost a whopping $999. However, she managed to make it more manageable by adjusting its price to $99.
Speaking of her lifestyle, Wojcicki is proud of her frugal living. She said that she doesn't like spending on "froufrou things."
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This article is owned by Tech Times
Written by Joseph Henry
