The story of Intuit’s rise from a basement-based startup to a Fortune 500 company is an interesting one. The two men met in 1985 and decided to work together to create a product that would make preparing tax returns easier. Their initial plan was to sell their product through bank branches, but as sales began to fall, they quickly expanded and built more facilities and staff. The company was headed by William V. Campbell, a 53-year-old former Apple executive who had a proven track record of building organizations and had previously served as head football coach at Columbia University.
The two men co-founded Intuit in 1983. Both had come to northern California in the late 1970s, where they had worked for consulting firms. After seeing that many people were having trouble managing their household finances, they realized that there must be a better way to automate the process. So, they went to Stanford University and posted an ad for a programmer. When they passed a student named Tom Proulx, they realized that they had found their dream team.
Intuit was a huge success, and its employees rated the company’s culture as “A+”. Employees at Intuit are happy with the perks and compensation, and they believe in the company’s vision. While many companies were slow to catch on, Intuit is moving ahead aggressively on three fronts. It is committed to providing a better financial experience to its customers, and this mission is reflected in the company’s growth and profitability.