History
Inc. was founded in Boston by Bernie Goldhirsh and its first issue appeared in April 1979. Goldhirsh was an MIT-trained engineer who worked at Polaroid and on ballistic missiles before becoming an entrepreneur and founding Sail magazine, which he sold for $10 million, using the profits to found Inc. Goldhirsh kept a low profile, and longtime editor George Gendron was the "public face" of the magazine for two decades. Though long considered the younger upstart compared to most business publications, Inc. suffered following the dot-com era as titles like Fast Company seemed to grab more attention, but the tech crash and subsequent retrenchment saw the magazine stabilize its circulation and image. In 2000, widowed and battling cancer, Goldhirsh sold the magazine to Gruner + Jahr for a price reported over $200 million. The magazine was purchased in 2005 by Morningstar founder, Joe Mansueto, and Inc. and its sister magazine Fast Company constitute the publishing arm of Mansueto Ventures. The magazine is now based in New York City, and its chief editor is Eric Schurenberg.
Goldhirsh's devotion to the principles of entrepreneurism led him to create the Goldhirsh Foundation and a unique trust run by his children. Founder Bernie Goldhirsh's son, Ben Goldhirsh, is the founder of Good Magazine.
Read more about this topic: Inc. (magazine)
Famous quotes containing the word history:
“Every literary critic believes he will outwit history and have the last word.”
—Mason Cooley (b. 1927)
“The history of philosophy is to a great extent that of a certain clash of human temperaments.”
—William James (1842–1910)
“I think that Richard Nixon will go down in history as a true folk hero, who struck a vital blow to the whole diseased concept of the revered image and gave the American virtue of irreverence and skepticism back to the people.”
—William Burroughs (b. 1914)