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While the invention of Ethernet provided the technical bedrock, Metcalfe’s path to significant wealth was paved with the strategic application of that technology and a series of keen business decisions. In 1979, recognizing the potential of his creation to become a commercial standard, he left Xerox to co-found 3Com Corporation. Here, he served as President and CEO, driving the commercialization of Ethernet hardware. The battle to establish Ethernet against competing standards, such as IBM's Token Ring, was fierce and required immense business acumen. Metcalfe’s relentless advocacy for Ethernet, coupled stephen e barnes net worth with his ability to foster an ecosystem of compatible products, eventually won out. 3Com became a powerhouse in the networking industry, and the demand for Ethernet cards, hubs, and cables generated substantial revenue. This period of his career, spanning the 1980s and 1990s, was the primary engine of his initial wealth accumulation, taking the company public and establishing it as a leader in the field long before the internet became a household term. It was during this era that the foundation of his multi-million dollar net worth was first solidified.
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