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David Duffield: Incline Village
built 630 days ago
INCLINE VILLAGE, Nev. -- California software entrepreneur David Duffield arrived in this Lake Tahoe resort a decade ago with big plans. He spent $50 million on a lakeshore estate and started a Nevada property-development business. What's more, by taking a big chunk of his wealth to Nevada, Mr. Duffield expected to save millions on taxes.
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On September 27, 2004, Sacramento, California's Channel 10 News reported that the Ponderosa Ranch's gates had closed for good, after the land was sold to Incline Village developer David Duffield. For fans of the television program, the following describes what one could see when the ranch was open to the public.
Now Mr. Duffield works in Walnut Creek, Calif. -- within 10 miles of PeopleSoft's old offices -- seeking customers for Workday Inc., a business-software firm with about 60 employees. He is negotiating to build a new home in Alamo, Calif., near his new offices. Incline Village now is just a summer vacation home. "The winters were too cold for us anyway," Mr. Duffield said.
In March 1999, the Incline Village home finally did attract a high-tech titan: Mr. Duffield himself. He says he had decided to scale back his involvement at PeopleSoft and make Nevada his permanent home. So he bought the lake-shore property, paying $50 million for the estate and its contents.
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