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April 20, 2023

Introduction:

Jack Herrick is the founder of one of the most popular websites on the internet, WikiHow. This website aims to answer every possible “how-to” question on a variety of topics ranging from home improvement to personal development. If you have ever searched for a tutorial online, there is a good chance that you have come across a WikiHow article. Jack Herrick has an interesting story, and many wonder how much he is worth. In this blog post, we will dive into the net worth of Jack Herrick and uncover some fascinating facts along the way.

Section 1: Jack Herrick’s Early Life

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Jack Herrick was born on September 18, 1968, in Palo Alto, California. He grew up in the heart of Silicon Valley and had access to some of the greatest technological innovations. Herrick was an intelligent child and excelled in academics. He went on to attend Stanford University, where he studied computer science.

Section 2: Jack Herrick and his Entrepreneurial Journey

After college, Herrick worked for several tech companies, but he always had the entrepreneurial bug. In 1999, he founded BigTray, an online restaurant supply store. The company was a success, and Herrick sold it in 2004. He used the money to found eHow, a website that allowed users to contribute articles on how to do things. However, he was unsatisfied with the quality of the user-generated content and sold the site in 2006 to Demand Media.

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Section 3: The Founding of WikiHow

In 2005, Herrick founded WikiHow. He wanted to create a platform where high-quality how-to articles could be created collaboratively. Unlike eHow, where anyone could contribute, Herrick insisted on strict editorial control and a team of volunteer editors. WikiHow’s articles were better-researched, visually attractive, and user-friendly. With the website’s success, Herrick approached investors and raised funds to pay for server expenses and salary for some of his employees.

Section 4: The Growth of WikiHow

WikiHow’s growth was steady in the beginning, but it picked up after Google’s algorithm update, Panda, in 2011. Panda was designed to penalize websites with low-quality content, which led many people to WikiHow. Today, the website has over 200,000 articles, over 45 million unique visitors a month, and the company is making strides in improving their revenue streams through video content, e-commerce business, and mobile app.

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Section 5: Jack Herrick’s Net Worth

While it isn’t easy to determine Jack Herrick’s net worth accurately, we can make some assumptions based on his company’s revenue and equity funding. Herrick’s company, WikiHow, generated an estimated $19 million in revenue in 2020. Furthermore, in 2015, the company received $15 million in equity funding. It is reasonable to assume that Herrick owns a significant portion of the company, which puts his net worth in the range of $75-$100 million.

Section 6: Jack Herrick’s Philanthropic Efforts

Jack Herrick is a philanthropist at heart. In 2013 he founded The Female Founder’s Fund, which aims to invest specifically in companies founded by women. In 2019, Herrick wrote a blog post outlining his plans to donate $1 million to charity over the next five years. He donates to a variety of nonprofits, including those focused on education, health, and the environment.

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Section 7: How Jack Herrick’s Success Can Inspire Others?

Jack Herrick’s journey is a great inspiration for aspiring entrepreneurs. He had multiple successful exits that helped fund his future ambitions. However, founding WikiHow wasn’t a smooth process, and the company faced many challenges on its journey to success. Despite these challenges, Herrick remained committed and focused on producing the best possible how-to articles. Today, his website is a leader in the industry, and has helped millions around the world learn new things.

7 FAQs about Jack Herrick’s Net Worth:

Q1: What is Jack Herrick’s net worth?
A1: Jack Herrick’s net worth is estimated to be between $75 to $100 million.

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Q2: How did Jack Herrick make his fortune?
A2: Jack Herrick made his fortune through the successful founding of companies like BigTray, eHow, and WikiHow.

Q3: Is WikiHow profitable?
A3: Yes, WikiHow is profitable, and in 2020, it generated an estimated $19 million in revenue.

Q4: What is the Female Founder’s Fund?
A4: The Female Founder’s Fund is a fund started by Jack Herrick aimed at investing in companies founded by women.

Q5: What causes does Jack Herrick donate to?
A5: Jack Herrick donates to a variety of causes, including education, health, and the environment.

Q6: How has WikiHow helped people around the world?
A6: WikiHow has helped millions of people around the world learn new things and develop new skills.

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Q7: Where can I find more information about Jack Herrick’s philanthropic efforts?
A7: Jack Herrick has written several blog posts outlining his charitable giving efforts. One such post is available on his Medium page titled “My Pledge to Give $1 Million to Charity.”

Conclusion:

Jack Herrick’s journey to success is an inspiration for entrepreneurs worldwide. He had a vision and worked hard to make it a reality, and today his impact has reached millions of people globally. His net worth is estimated to be around $75 to $100 million, but what is most impressive is his philanthropic efforts and commitment to giving back. Herrick continues to be an influential figure in the tech industry, and there is no doubt that he will continue to make waves in the future.

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