Early Life
Jon Yarbrough was born around 1956. He earned a Bachelor's degree from Tennessee Technological University. His first entrepreneurial venture involved a foosball table, leading to a revenue-sharing agreement with a local bar. This early experience set the stage for his future success in the gaming industry.
Rise to Success
In 1991, Yarbrough founded Video Gaming Technologies (VGT). The company initially focused on video poker and slot machines, capitalizing on the expansion of Native American gaming operations. Under Yarbrough's leadership, VGT became a major gaming machine producer. A pivotal moment came in October 2014 when Yarbrough sold VGT to Aristocrat Leisure for $1.28 billion.
Key Business Strategies
Yarbrough's success can be attributed to several key strategies. He recognized the potential of the tribal casino market and tailored his products to meet its specific needs. He focused on innovative Class II gaming technology. After selling VGT, Yarbrough established Yarbrough Capital, a family office that invests in technology startups, private equity, and venture capital opportunities.
Philanthropy
Information on Yarbrough's specific philanthropic initiatives is limited. However, he has been noted for his low-profile approach to philanthropy, often supporting educational and community initiatives in Tennessee.
