Theodore Ted Waitt was a co-founder of Gateway, Inc, and is the Chairman of the Founding Fathers campaign of the Family Violence Prevention Fund.
Waitt co-founded the company along with Mike Hammond on his father’s cattle ranch on September 5, 1985, with a $10,000 loan secured by his grandmother. Waitt released the reins as CEO of Gateway in late 1999, to Jeffrey Weitzen, but returned to the post in January 2001.
In 2004, after the acquisition of eMachines, Waitt turned over day-to-day operations of Gateway and the title of CEO to Wayne Inouye, the former CEO of eMachines. In May 2005, he resigned as chairman of the company, ending a near 20-year run with the company he co-founded.
Through the Waitt Family Foundation, Waitt has become one of America’s 50 most generous philanthropists, according to Business Week. The Foundation and its related Institutes fund partnerships and projects that seek a deeper understanding of human history and improve mankind’s knowledge through historical and scientific exploration.