Inside the life of Mike Lynch, who sold his search startup to HP for $11 billion and was charged with fraud

Mike Lynch, 54, is one of the most celebrated entrepreneurs in the UK, having sold his software startup Autonomy to HP in 2011 for $11.7 billion (£8.7 billion).

That reputation is at risk after Lynch was charged in the US with fraud and conspiracy over the HP deal. The central accusation is that Autonomy's execs inflated its revenues by $700 million (£552 million) before the deal. Lynch counter-sued, leading to a legal battle that just became a lot more complicated.

Lynch has always protested his innocence, and is fighting to maintain his central position in British tech.

Michael Richard Lynch was born in Essex, UK on June 16, 1965.

He had humble beginnings: his mother was a nurse and his father was a fireman.

Lynch said that his father regretted not having the chance to go to university. "He realised the importance of education so that was something that was very much fostered in my home," Lynch told LeadersIn.

When he was 11-years-old, he won a scholarship to study at Bancroft's School in Woodford, Essex. Today, for those not on a scholarship, the school charges £17,382 per student per year.

Lynch, pictured in the centre of this five-piece jazz band, was interested in music from a young age.

Lynch got his first taste of management from running a band in his early twenties. The name of the band isn't known.

See the rest of the story at Business Insider

Contributer : Tech Insider https://read.bi/2AgvFGh

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