An exploration of the creators, innovators, and executors who are behind emerging technologies and the new app economy. Understand the personal stories behind the technology of today. If you love our work, sign up for updates.
Jeffery Benzo once said that “nine out of 10times, you will fail. But ensure you celebrate that one time, and make the most of out it.”
Here are few lessons from the fail stories and success tales of the founders.
1. Decide and act upon
Upgrad, a learning platform for higher education, was found by Mayank Kumar and Phalgun Kompalli. One lesson they wanted to put out to the world was “decide, act and move on.” Initially started by four mates, in 2015, upgrad has reached its heights. All the founding team members were from different experiences, but the thoughts were more debatable. That’s when the founders knew that each of has to plan out ideas and act upon them. If an idea fails or loses its importance, we will move on. That’s how upgrad was created. The idea may seem very small, But understanding the concept of planning and acting is essential.
2. Sell the best
When you want to build a pile of cash, it is easy to cheap your consumers, sell them what you would never buy. But only businesses who bring the focus to the consumers and not the pile of money grow long. Luke Holden, the founder of the seafood chain, passes out this message during his interview. He states that consumers should be the prime focus of any company. If the consumer is happy, they will come back and shop again and again. Sometimes, when the business starts to grow, they compromise with the quality, regardless of what the consumer may need. There are even cases where customers feedback is not considered. These businesses may eventually lose their hold.
3. How to work on the growth?
Growing businesses and artists have one idea in common. If they want to reach the highest, they need to improvise. Sarah Saltzberg, Founder of Bohemia Realty Group, States that making important decisions is a risky factor. But over the long run, these decisions will bring growth in the picture. These may be the bold decisions of one life, but maybe it is all worth risking. She was an artist and believed her experience as an artist in threat gave her an edge when she owned a real state company. Artists and business people change their looks with changing audiences. They will change with trends, but it is essential to decide which change is worth risk-taking.
4. Know the stress alert
Artem Mashkov, the founder of DevTribe and many businesses around new york city, has noticed the stress alerts. He says that stress is a common mistake that entrepreneurs make. One needs to know when to stop. He says, When he was 20, “stress almost killed him. This was not because something was wrong with his business, but everything was way too good, Which seems slightly different. It was internal and challenging to deal with. But then he went to a complete Zen mode. He started working on his fitness. .”
To conclude, Learn the growth factors from the top founder’s mistakes and build on your business.
Success stories are the one that provides you a path to the to your journey. It is an introductory method to learn and enjoy the mistakes of the known. Let’s look at some fantastic and inspiring stories of success.
1. Steve Jobs and Steve Wozniak
Company: Apple Inc.
In an interview with Seattle Times in 2006, Wozniak explained that Steve Jobs was always much further thinking. He said when he designed things, and sometimes Jobs would say, “We can sell this.” And we did it. We were always thinking about how to build a company. Maybe just maybe, Jobs was thinking, “How do you change the world?”
2. Larry Page and Sergey Brin
Both of them have similar technology backgrounds; they both were in love with computers. They got this computer in their system at a very young age, and they both had parents who were professors—these both bonded overtimes. The primary reason for bonding was their passion for the same thing, which was data mining.
3. Evan Williams and Biz Stone
Year Founded: 2006
Both were was approached by Jack Dorsey, who was an Odeo engineer. He happened to have an idea he wanted to execute; this discussion went ahead to become Twitter.
4. Pierre Omidyar and Jeffrey Skoll
Year Founded: 1995
Skoll was a recent Stanford MBA graduate. In the beginning, he scoffed at the auction website and said it was a stupid one, but and he agreed to come on board, and that is how eBay happened.
5. Gordon Moore and Bob Noyce
Year Founded: 1968
Noyce is the co-inventor of the microchip, the visionary and inspiration for the great company Intel, and Moore was all about technology. These two joined forces and had talents no other did. They went ahead to create a company built entirely on cutting-edge innovation.
6. Jerry Yang and David Filo
Year Founded: 1995
These both worked together on a project initially which was for designing computer chips. It was not very interesting, so both of them skipped class to surf the internet. They started organizing stuff under topics, and their lists turned into Yahoo!
7. Danielle Weisberg & Carly Zakin
Company: The Skimm
Year Founded: 2012
These two quit their jobs and moved in together to make it happen. They launched the Skimm literally from their teachers. “For two girls who grew up more ‘Morning Glory’ than ‘The Social Network,’ it took a lot of guts for us to make theSkimm a reality,” they wrote on their About Us page.
8. Bill Gates & Paul Allen
Year Founded: 1975
Both Gates and Allen began to understand that writing software for personal computers was becoming essential and could be a big business, and they were right. In 1975, the two made their partnership legal under the name “Micro-soft” and created their first-ever product, a programming language for the Altair.
9. Julia Hartz & Kevin Hartz
Year Founded: 2006
Eventbrite, a self-service ticketing platform, started in a wiring closet in 2006. Julia Hartz took care of customer experiences and business operations in the whole idea, Kevin. On the other hand, they took the help of the third partner made sure to work on the product. Today, Eventbrite is worth $1 billion.
10. Bill Hewlett & Dave Packard
Year Founded: 1939
Both graduated from Stanford University, became friends at college, and decided to rent a garage in Palo Alto in 1938. They begin working together. Their first project was rare. It was an audio oscillator used to test sound equipment. Later, they started Hp in partnership.
Look at the dreams that they once saw, learn from the mistake and enjoy their success.
5 stories of the business that inspired the business of the top 5 businesses man. Read them all.
1. Elon Musk
The richest man in The world has changed the faces of the business world. But it is essential to start from the start. Elon muck brought the world closer to making easy payments. He gave the world Paypal. He provided the masses the digital payment, and now he has offered them the moon. Apart from this, The man of the year has contributed to a new approach to engineering. He also gave a significant share to Research and development. More than that, Elon musk is the business leader.
2. Melanie Perkins
From the world where we spend hours designing on photoshop and Microsoft, Melanie Perkins came up with the idea of the canva. The founder of the global designing platform, Canva, is used worldwide. The youngest female CEO, the Australian tech entrepreneur, is leading the world now. She predicted the future and created the user-friendly. She set the mark for the future of design. The woman has added more and more badges to her achievement since the beginning.
3. Boyan Slat
The founder of Ocean cleanup proves to the world that money is not everything. A 26-year-old is responsible for cleaning up the ocean. His company has educated masses all over the globe about clean oceans. Since birth, the founder was always fond of the invention and built the idea of Ocean cleanup from his own experience. He discovered more plastic in the water body than fishes while diving in Greece at 16. While he was 17, he shared the idea with the world on TEDx. The company has cleaned up more than 90% of the discovered oceans and still working on the same.
4. Whitney Wolfe Herd
The woman who changed the face of dating in today’s world is known as Whitney Wolfe. She is the founder and creator of the idea of bumble. Whiney Wolfe launched the app in 2014, which empowers women in the dating scenarios in the 21st century. Ending the battle of pickup lines and the cringe of males dominating application, the power of dating landed in the hands of women. She created an application where women can play their first move. Her unique approach to the dating world has brought an individual stand. She is known as the few female entrepreneurs who changed the game of the tech game.
5. Reshma Saujani
Reshma saujani has set a new example for the business world. She entered the world of programming and closed the gender gap. She changed the image of what a girl can contribute to the tech world. She launched the Girls who code in the year 2012. She encouraged women all over the globe to take a career in engineering. She also worked on the participation of women in the computer science industry. The seven-week program immersion and a two-week specialized campus program have promoted women all over the world.
What will your success story be?