Ray Stata

Raymond Stuart Stata (born 1934) is an American entrepreneur, engineer, and investor. Early life and education Stata was born on November 12, 1934, in the small farming community of Oxford, Pennsylvania to Rhoda Pearl Buchanan and Raymond Stanford Stata, a self-employed electrical contractor. In high school, Ray worked as an apprentice for his father. Ray's mother was a factory worker. Ray's sister, Joan Stata, was five years older and worked as a nurse in Wilmington, Delaware. In the first grade, Stata attended a one-room school with one teacher serving eight grades. His parents moved to the outskirts of Baltimore to work at an aircraft factory during WWII. Ray attended Oxford High School in Oxford, Pennsylvania. After high school, Stata earned Bachelor of Science and Master's degrees from Massachusetts Institute of Technology (MIT). Stata married Maria in June, 1962. The two reside in the Boston area, where they raised their son Raymie (born 1968) and daughter Nicole. Raymie graduated from MIT and founded Stata Labs which was acquired by Yahoo! in 2004, and in 2010, was named Yahoo!'s CTO. Nicole is also an entrepreneur, having started Deploy Solutions, which she sold to Kronos in 2007. She later founded Boston Seed Capital, a seed venture capitalist firm. Career In 1965, Ray founded Analog Devices, Inc. with MIT classmate Matthew Lorber in Cambridge, Massachusetts. Before founding Analog Devices, Stata and Lorber, together with Bill Linko, another MIT graduate, founded Solid State Instruments, a company which was acquired by Kollmorgen Corporation. In addition to Analog and Solid State Instruments, Stata is founder of Stata Venture Partners. They were early investors in Nexabit Networks, which in June 1999, was acquired by Lucent for $900M.