Miles Bennett
PXG Golf, or Parsons Xtreme Golf, was founded by Bob Parsons in 2013 with the goal of creating the world's best golf clubs. Parsons, a self-proclaimed golf enthusiast, is also the founder of GoDaddy and YAM Worldwide, under which he owns and operates more than a dozen companies. PXG has since expanded its product line to include apparel, accessories, and golf balls, and has become one of the fastest-growing privately-held companies in the U.S.
| Characteristics | Values |
|---|---|
| Founder | Bob Parsons |
| Year founded | 2013 |
| Founder's goal | "Design and develop the finest golf clubs ever played" |
| Founder's profession | Entrepreneur and philanthropist |
| Founder's alma mater | University of Baltimore |
| Founder's military history | U.S. Marine Corps Vietnam War veteran |
| Founder's awards | Purple Heart Medal, Combat Action Ribbon, and Vietnamese Cross of Gallantry |
| Founder's other ventures | Scottsdale National Golf Club, Harley-Davidson of Scottsdale, GO AZ Motorcycles, YAM Properties, and GoDaddy |
| Founder's wife | Renee Parsons |
| Founder's wife's profession | Chief Marketing Officer at PXG |
| Founder's net worth | Ranked No. 314 on the Forbes 400 list of The Richest People in America (as of September 2023) |
| PXG's products | Clubs, apparel, accessories, and golf balls |
| PXG's market | Nearly 50 countries, including Japan, South Korea, Taiwan, and the UK |
Explore related products
What You'll Learn
PXG was founded by Bob Parsons
PXG, or Parsons Xtreme Golf, was founded by Bob Parsons in 2013. A self-proclaimed "golf nut", Parsons set out to design and develop the world's finest golf clubs.
Parsons is a former United States Marine who served in the Vietnam War. After his time in the military, he set up his own business selling accounting software before founding GoDaddy in 1997. During this time, Parsons fell in love with golf but became frustrated that no matter how much equipment he bought, he wasn't improving. So, when he sold a controlling stake in GoDaddy in 2013, he decided to use some of the money to create PXG.
Parsons' challenge for the new company was simple: "Design and develop the finest golf clubs ever played." PXG has certainly lived up to this ambition, becoming the largest of Parsons' post-GoDaddy ventures and serving golfers in nearly 50 countries. In 2019, it debuted as one of the fastest-growing privately held companies in the U.S. in Inc Magazine.
Parsons is also the founder and CEO of YAM Worldwide, under which he owns and operates more than a dozen companies, including PXG. In addition to his entrepreneurial success, Parsons is also known for his philanthropic efforts. He and his wife, Renee, who is PXG's Chief Marketing Officer, founded The Bob & Renee Parsons Foundation in 2012 to reach marginalized populations and causes often underfunded by mainstream philanthropy.
Golf Gloves: Essential or Unnecessary Accessory?
You may want to see also
Explore related products
Parsons Xtreme Golf was founded to create the world's finest golf clubs
Parsons Xtreme Golf, or PXG, was founded by Bob Parsons, a self-proclaimed "golf nut" and Vietnam War veteran. After serving in the U.S. Marine Corps, Parsons set up his own business selling accounting software before founding the web hosting company GoDaddy in 1997. During this time, he developed a passion for golf and, like many other golfers, became frustrated by his lack of improvement despite investing in new equipment.
In 2013, Parsons sold a controlling stake in GoDaddy and used part of the proceeds to create Parsons Xtreme Golf. The company's mission, as stated by Parsons himself, was "to develop the finest golf equipment on the planet." He summarised the challenge for the new company as: "Design and develop the finest golf clubs ever played."
PXG's first product launch was the 0311 Gen1 irons, which came in three models: 0311, 0311T, and 0311XF. The 0311 model was aimed at most golfers, while the 0311T had a smaller head profile ideal for tour use. The 0311XF model was designed for higher-handicap golfers seeking more forgiveness. Following the success of the 0311 Gen1 irons, PXG launched its first golf driver, the 0311, which also offered a range of options for golfers with different swing speeds.
PXG has since expanded its product line to include clubs, apparel, accessories, and golf balls. The company has maintained sponsorship deals with professional golfers on the PGA and LPGA tours and has a strong international presence, particularly in Japan, South Korea, Taiwan, and the UK. PXG's commitment to research and development, sophisticated manufacturing processes, and direct-to-consumer business model have revolutionized the golf equipment industry, establishing the brand as a premium golf equipment and lifestyle brand.
Understanding Golf's Lie Angle: Master Your Iron Game
You may want to see also
Explore related products
Bob Parsons is a US Marine Corps Vietnam War veteran
Bob Parsons, the founder of PXG (Parsons Xtreme Golf), is a US Marine Corps Vietnam War veteran. He joined the US Marine Corps at the age of 17, and six months later, he was carrying a rifle in Vietnam. Parsons has stated that his time in the Marine Corps taught him valuable lessons about discipline and responsibility, which he has applied to his business ventures. He also credits his military experience with instilling a strong work ethic that contributed to his success as an entrepreneur.
Parsons is a self-made billionaire and a philanthropist. He has founded several successful companies, including GoDaddy and Parsons Technology. In 2012, he founded YAM Worldwide, under which he owns and operates more than a dozen companies, including PXG. Parsons is a self-proclaimed golf nut, and he started PXG with the sole intention of designing and developing the world's finest golf clubs.
As a result of his service and injuries, Parsons was awarded the Purple Heart Medal, the Combat Action Ribbon, and the Vietnamese Cross of Gallantry. He has also co-authored the bestselling book, "Fire in the Hole!" which chronicles his experiences and the impact they had on his life.
Through the Bob & Renee Parsons Foundation, which he established with his wife, Parsons gives back to underserved communities and causes that are often overlooked by mainstream philanthropy. The foundation focuses on issues such as homelessness, medical care, at-risk youth, education, and supporting wounded veterans and their families.
Golf Glove Fit: Finding Your Perfect Grip
You may want to see also
Explore related products
PXG is part of YAM Worldwide, which owns several other companies
PXG, or Parsons Xtreme Golf, was founded by Bob Parsons in 2013. A self-proclaimed golf enthusiast, Bob Parsons set out to design and manufacture the world's best golf clubs. PXG has since expanded its product line to include apparel, accessories, and golf balls. The company has become the largest of Bob Parsons' post-GoDaddy ventures, currently serving golfers in nearly 50 countries.
Bob Parsons is the founder and CEO of YAM Worldwide, a company he established in 2012. YAM Worldwide is an umbrella company that owns and operates more than a dozen companies, including PXG. Some of the other companies owned by YAM Worldwide include the Scottsdale National Golf Club, Harley-Davidson of Scottsdale, GO AZ Motorcycles, and YAM Properties.
Bob Parsons is a US Marine Corps Vietnam War veteran and a Purple Heart Medal recipient. After his military service, he started his first business, Parsons Technology, in 1984. Parsons Technology was Bob Parsons' first business, which he ran from his basement after teaching himself how to write computer programs. In 1997, he founded the GoDaddy group of companies, which he exited in 2011.
YAM Worldwide is a privately-held company that has been recognised as one of the fastest-growing companies in the US. The company is involved in various industries, including power sports, real estate, marketing, innovation, and philanthropy. YAM Capital, the private lending and investment arm of YAM Worldwide, specialises in commercial real estate lending and acquiring closely held middle-market companies.
Frisbee Golf: Sport or Leisure Activity?
You may want to see also
Explore related products
PXG has a strong international presence
PXG, or Parsons Xtreme Golf, was founded in 2013 by American entrepreneur and philanthropist Bob Parsons. The company is based in Scottsdale, Arizona, and was established to engineer the world's finest golf clubs. PXG has since expanded its product line to include apparel and accessories, and has entered the premium golf ball market.
PXG's direct-to-consumer model and controlled distribution network have allowed the company to maintain premium positioning while broadening its market reach. The company's ability to scale production and improve manufacturing efficiency has been crucial to its international expansion. PXG's commitment to research and development, sophisticated manufacturing processes, and unique product offerings have established it as a leader in golf equipment innovation and design.
With over 750 global patents, PXG continues to expand its retail footprint and spark global excitement. The company's strategic pricing and product diversification have further contributed to its strong international presence and growth in the premium golf market. PXG's international expansion is supported by its extensive professional staff across the PGA and LPGA Tours, as well as sponsorship deals with professional golfers playing on these tours.
Golf's DP: What It Means and Why It Matters
You may want to see also
Frequently asked questions
PXG Golf, also known as Parsons Xtreme Golf, was founded by Bob Parsons in 2013.
Robert Ralph "Bob" Parsons is an American entrepreneur and philanthropist. He is the founder and CEO of YAM Worldwide, which owns and operates PXG.
Bob Parsons is a former US Marine who served in the Vietnam War. After his military service, he founded his own business selling accounting software before founding GoDaddy in 1997.
Bob Parsons is a self-proclaimed "golf nut" who wanted to design and develop the world's finest golf clubs.
