The New Gen Tech Pros

THENEW GENERATIONOF TECH MILLIONAIRES UNDER AGE 30 INSPIRATION "I STARTED THE SITE WHEN I WAS 19. I DIDN'T KNOW MUCH ABOUT BUSINESS BACK THEN."- MARK ZUCKERBERG MARK ZUCKERBERG Age: 27 Company: Facebook Year Launched: 2004 Registered users: 800 million (and counting!) Initial Funding: $500,000 IPO: Not yet... College attended: Harvard (dropped out) Facebook's Annual Revenue: 4.27 billion (2011 est.) PERSONAL NET WORTH: $17.5 BILLION 2010 TIME MAGAZINE PERSON OF THE YEAR THE STAR RAW MATERIALS YOU CAN'T CREATE THE NEXT GREAT TECH COMPANY WITHOUT TECH. HERE'S WHAT YOU'LL NEED TO GET STARTED. 1985 AN IDEA This is free COMPUTER INTERNET Starts at $15/mo YOUTH $500 - $1,200 plus software TIME Hours of coding Born after 1985 to succeed by 30 "THE BASIC SKILLS NECESSARY TO START A TECH COMPANY - DESIGN OR CODING - ARE...OFTEN SELF-TAUGHT." EDUCATION CATERINA FAKE, CO-FOUNDER, HUNCH & FLICKR GRAD GRAD GRAD GRAD ANDREW MASON NAVEEN SELVADURAI TIM O'SHAUGHNESSY EDDIE FREDERICK WORCESTER POLYTECHNIC COMPUTER SCIENCE Company: Foursquare Launched: 2009 Net Worth: $80 Million GEORGETOWN UNIVERSITY MARKETING Company: LivingSocial Launched: 2007 Net Worth: $45 Million NORTHWESTERN UNIVERSITY UNIVERSITY OF MARYLAND MUSIC COMPUTER SCIENCE Company: Groupon Launched: 2008 Net Worth: $1.3 Billion Company: LivingSocial Launched: 2007 Net Worth: $45 Million DROPOUT DRUPOUT NEVER WENT NEVER WENT MATTHEW MULLENWEG BLAKE ROSS GURBAKSH CHAHAL ANGELO SOTIRA Company: Wordpress Launched: 2003 Net Worth: $40 Million Company: Firefox Launched: 2004 Net Worth: $150 Million Company: Radium One Launched: 2009 Net Worth: $100 Million Company: deviantART Launched: 2000 Net Worth: $75 Million OTHER NOTABLE DROPOUTS: ROB KALIN (ETSY); EVAN WILLIAMS, BIZ STONE, JACK DORSEY (TWITTER); STEVE JOBS (APPLE); BILL GATES (MICROSOFT) "The minute I dropped out I could stop taking the required classes that didn't interest me, and begin dropping in on the ones that looked interesting." - STEVE JOBS INVESTMENT CAPITAL "MONEY IS USUALLY ATTRACTED, NOT PURSUED"- JIM ROHN, BUSINESS PHILOSOPHER IContact GROUPON foursquare livingsocial devantART facebook. INITIAL FUNDING INITIAL FUNDING INITIAL FUNDING INITIAL FUNDING INITIAL FUNDING INITIAL FUNDING $15,000 $500,000 $500,000 $1M $1.35M $5M EST. VALUATION EST. VALUATION 2010 REVENUE EST. VALUATION EST. VALUATION EST. VALUATION $150M $82B+ $40M $12.7B $600M $6B ENTREPRENEURAL SPIRIT "THE BEST WAY TO PREDICT THE FUTURE IS TO CREATE IT." - PETER DRUCKER AGE AT WHICH THESE TECH ENTREPRENEURS STARTED THEIR FIRST BUSINESS: 11 15 15 16 16 RYAN ALLIS icontact.com MATT MICKIEWICZ sitepoint.com CATHERINE COOK myyearbook.com DAVID COOK myyearbook.com AODHAN CULLEN StatCounter SOURCES "GIVING CREDIT WHERE CREDIT IS DUE IS A VERY REWARDING HABIT TO FORM." LORETTA YOUNG www.entrepreneurs-journey.com/2873/matt-mickiewicz/; en.wikipedia.org/wiki/IContact; www.iContact.com/about/senior-leadership-team en wikipedia.org/wiki/Facebook; en. wikipedia.org/wiki/Mark_Zuckerberg: www.brainyquote.com/quotes/quotes/m/markzuckerd 12427.html www.sramanamitra.com/2011/05/10/bootstrapping-to-Im-then-growing-to-40m-icontact-ceo-ryan-allis-chapel-hill-north-carolina/: en.wikipedia.org/wiki/Andrew_Mason; en wikipedia.org/wiki/Groupon: en wikipedia.org/wiki/foursquare; https://foursquare.com/about/ en wikipedia org/wiki/LivingSocial; www.livingsocial.com/about; www.randomterrain.com/favorite-quotes-money-and-wealth. en wikipedia.org/wiki/WiordPress; en wikipedia.org/wiki/Matt_Mullenweg wordpress.org/about/; en wikipedia org/wiki/imageShack www.bloomberg.com/news/2011-12-07ivingsocial-said-to-receive-funding-valuing-coupon-website-at-6-billion.html: en wikipedia.org/wiki/Aodhan_Cullen;techcrunch.com/2011/06/24/foursquare-closes-50m-at-a-600m-valuation/ en.wikipedia.org/wiki/Blake_Ross; en wikipedia.org/wiki/Mozilla_Firefox; en wikipedia.org/wikiNaveen_Selvadurai www.worthofweb.com/website-value/deviantart.com; venturebeat.com/2011/09/27/facebook-valuation-sharespost/: www.livingsocial.com/tythenumbers; en.wikipedia.org/wiki/SitePoint; www.crunchbase.com/personvmatt-mickiewicz en wikipedia.org/wiki/MyYearbook; online.wsj com/article/SB10001424053111903554904576457630681476642 html latimesblogs.latimes.com/technology/2011/11/groupon-ipo-highest-tech-valuation-since-google.html; en wikipedia.org/wiki/Angelo_Sotira: en wikipedia.org/wiki/DeviantArt: www.entrepreneur.com/article/217859; www.theage.com.au/news/general/beware-facebook/2008/01/18/1200620184398 html?page-fullpagefcontentSwap2 articles businessinsider.com/2010-04-29/strategy/30001171_1_entrepreneurship-etsy-facebook-founder Created by oBizMedia H&R BLOCK NEVER SETTLE FOR LESS" www.hrblock.com f www.facebook.com/hrblock