Tim Stay

Profile Updated: July 28, 2014
Tim Stay
Tim Stay

semi-new

Tim Stay

Yearbook

Yes! Attending Reunion
Residing In: Orem, UT USA
Spouse/Partner: Dalita
Occupation: CEO / Entreprenuer
Children: Alyshondra, 1987
Dominique, 1989
Zachary, 1992
Savannah, 1996
Michaela, 1997
Liliana, More…2001
Caleb, 2004
Magdalena, 2008
Facebook Page:

www.facebook.com/tim.stay

What I've been doing since high school:

With regret, I won't be able to make it to the reunion this time, as I will be out of town on a trip. So, I will give a more detailed history, since I won't be there to bring people up to speed.

After graduating in 1979 as a mighty Thunderbird, I went to BYU for a year before my mission to Portugal. I came back and graduated with a bachelors degree in Civil Engineering. I stayed in school and got an MBA from BYU and also a Masters of International Studies, with an emphasis in 3rd World Economic Development, all from BYU.

During that time, I got introduced to Dalita Romrell by Dave Dunkley. Dalita was from Oregon and was also attending BYU. We wound up getting married in 1986. We had our first daughter, Ali, the next year while we both were in graduate school.

After graduating, I got a job in Guam as a Civil Engineer. We lived on Guam for 3 years and we learned to dive and a second daughter, Nikki, joined our family there.

I decided to leave engineering and try my hand at running my own business and in 1992, we moved back to Provo and I started a call center business. We hired lots of BYU students to answer the phone for our clients. The business quickly grew and we needed more space and we wound up buying the old Star Palace building on 9th East. (Anyone ever go there???:) We kept the mirrored ball and would turn it on from time to time.

During this time we had our first son, Zach and in 1994, we also started an internet company called NorthSky. Over the next few years, the internet company barely kept alive, but in 1998, with the help of Hans Magelby (Eric Magelby's brother), we built a property called FreeServers.com that really took off. In 1999, we sold NorthSky and FreeServers to About.com right at the height of the internet boom. Daughters Savannah and Mica also came along during this time.

With some of the proceeds of the sale of NorthSky, I started a business incubator and we launched a handful of companies in 2000 and 2001. But with the downturn of the dotcom bust, most didn't make it. One of the companies, Senforce, was eventually sold to Novell.

In 2000, I met with a number of other LDS businessmen who were involved with poverty alleviation and we decided to do something together to fight poverty, so we formed a non-profit called Unitus (www.unitus.com).

In 2001, we went to Bangladesh and spent a week meeting with Muhammad Yunus, the founder of Grameen Bank (who won the Nobel Peace Prize in 2006 for his work as one of the microcredit pioneers). With his input, we created a plan to help accelerate the fight against poverty through the use of small loans to the very poor. Since then, Unitus has helped make loans to over 6 million families around the globe.

Our work with Unitus has taken us on trips to Bangladesh, India, Mexico, Peru, Bolivia, and Kenya and has brought us in contact with some of the finest people in the world. I currently serve on the board of Unitus and wish I had more time to spend there.

During this time, we had Lily join our family and on leap day of 2004, we had our second son, Caleb.

We finally shut down our business incubator, I sold my call center (Marketing Ally) and I got involved in some online publishing. With some partners, we launched Know More Media, an online business publication that consisted of over 100 business sites written by authors from around the world. The network grew rapidly, but with the drop in advertising revenue from the latest economic downturn, we have trimmed the staff and I left to lower the overhead of the company. I am still part owner of the property, but I am now spending my full time as the CEO of Perfect Search Corporation.

Perfect Search Corporation is a technology development company that has developed innovative search technology. We are still a small company, but we think it has a big upside.

I found that I really like the start-up phase of business where I can really be involved in the creation of the product, of the strategy, and in building the right team. Once it gets up and profitable and stable, I lose interest and start looking for the next thing to get involved in. Maybe just a short attention span, eh?

We had our last daughter, Maggie, last year. So we have 6 daughters and 2 sons. Our oldest 2 daughters are at BYU and our oldest daughter is planning on getting married in April of 2009.

I have worked with Lakeridge Jr. High School in Orem for the past 6 years on the Community Council there. It was a failing school when we started, but it has had dramatic academic improvement and was awarded Best of State for the best K-12 school last year in Utah.

I also served for a while on the UVU Foundation Board and continue to serve on the board of the Center for Economic Self-Reliance at BYU.

We enjoy being together as a family and have had the chance to go on lots of trips together. We also love to snow and water ski as a family.

I would love to hear from old friends and you can find me on Facebook or on LinkedIn.

Posted: Aug 15, 2014 at 4:38 AM
Posted: Dec 16, 2013 at 10:23 PM
From L to R, Savannah, Lily, Ali, Zach, Mica, Nikki, Caleb, Dalita, Maggie, Tim
Posted: Dec 16, 2013 at 10:23 PM
This is my wonderful wife Dalita!
Posted: Dec 16, 2013 at 10:23 PM