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Many successful entrepreneurs ascribe their success, at least in part, to a “eureka moment”. Ajaz Ahmed’s was to completely revolutionise Internet use in Europe and make him a rich man.
Ajaz Ahmed is the Founder of Freeserve, the UK’s largest ISP now known as Orange. His eureka moment came when he bought a PC at PC World in Leeds and nobody in the store could tell him how to get onto the Internet. After much persuasion by him, Dixons launched Freeserve in September 1998 and became the UK’s largest ISP in just three short months. It floated just nine months later at a market cap of £1.5bn and entered the FT 100 soon after, in March 2000 it had a market cap of £9bn.
Ajaz was one of the three founding executives to launch the business, seeing it through flotation and the £1.6bn sale to Wanadoo. Ajaz held the position of Business Development Director until April 2001 when he left the company to pursue a variety of business interests. He now sits a number of boards and has a number of investments which he is actively involved in, he sits on the Governing Council at the University of Huddersfield, board of Yorkshire Forward and is an ambassador of Princes Trust.
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