The New Generation Of Tech Millionaires (Under 30)

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 2010 TIME MAGAZINE PERSON OF THE YEAR 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 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 INTERNET Starts at $15/mo TIME Hours of coding AN IDEA COMPUTER $500 $1,200 plus software YOUTH This is free 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 GEORGETOWN UNIVERSITY UNIVERSITY OF MARYLAND COMPUTER SCIENCE NORTHWESTERN UNIVERSITY MUSIC MARKETING Company: Groupon Launched: 2008 Net Worth: $1.3 Billion Company: Foursquare Launched: 2009 Net Worth: $80 Million Company: LivingSocial Launched: 2007 Net Worth: $45 Million Company: LivingSocial Launched: 2007 Net Worth: $45 Million DROPOUT DROPOUT 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 Iivingsocial deviantART 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 CATHERINE COOK myyearbook.com RYAN ALLIS MATT MICKIEWICZ DAVID COOK AODHAN CULLEN icontact.com sitepoint.com myyearbook.com 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/Contact; www.iContact.com/about/senior-leadership-team en.wikipedia.org/wiki/Facebook; en.wikipedia.org/wiki/Mark_Zuckerberg; www.brainyquote.com/quotes/quotes/m/markzucker412427.html www.sramanamitra.com/2011/05/10/bootstrapping-to-1m-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.html en.wikipedia.org/wiki/WordPress; en.wikipedia.org/wiki/Matt_Mullenweg; wordpress.org/about/; en.wikipedia.org/wiki/lmageShack www.bloomberg.com/news/2011-12-07/livingsocial-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/wiki/Naveen_Selvadurai www.worthofweb.com/website-value/deviantart.com; venturebeat.com/2011/09/27/facebook-valuation-sharespost/; www.livingsocial.com/bythenumbers; en.wikipedia.org/wiki/SitePoint; www.crunchbase.com/person/matt-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=fullpage#contentSwap2 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