Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.
Friday, 9 September 2011
Saturday, 3 September 2011
Top Young Entrepreneurs – aged under 25
Young Entrepreneur Rich List
| PICTURE | RANK | NAME | WEBSITE | AGE | NETWORTH | |||
| 1 | Mark Zuckerberg | 26 | $13.5 Billion | |||||
| 2 | Andrew Gower | Runescape | 28 | $650 Million | ||||
| 3 | Chad Hurley | Youtube | 30 | $300 Million | ||||
| 4 | Blake Ross and David Hyatt | Mozilla | 22 | $120 Million | ||||
| 5 | Andrew Michael | Fast Hosts | 29 | $110 Million | ||||
| 6 | Angelo Sotira | Deviant ART | 26 | $75 Million | ||||
| 7 | John Vechey | PopCap Games | 28 | $60 Million | ||||
| 8 | Alexander Levin | Image Shack | 23 | $56 Million | ||||
| 9 | Jake Nickell | Threadless | 28 | $50 Million | ||||
| 10 | Greg Tseng and Johann Schleier-Smith | Tagged | 28 | $45 Million | ||||
| 11 | Sean Belnick | Biz Chair | 20 | $42 Million | ||||
| 12 | Matt Mullenweg | WordPress | 23 | $40 Million | ||||
| 13 | Kevin Rose | Digg | 30 | $31 Million | ||||
| 14 | Aodhan Cullen | Stat Counter | 24 | $25 Million | ||||
| 15 | Markus Frind | Plenty Of Fish | 29 | $23 Million | ||||
| 16 | Robert Small | MiniClips | 24 | $23 Million | ||||
| 17 | Ryan Block | Engadget | 25 | $20 Million | ||||
| 18 | Matt Mickiewicz | Sitepoint | 24 | $18 Million | ||||
| 19 | Tom Fulp | Newgrounds | 29 | $15 Million | ||||
| 20 | Rishi Kacker and Matt Pauker | Voltage | 24 | $12 Million | ||||
| 21 | Catherine and David Cook | My Year Book | 17&19 | $10 Million | ||||
| 22 | Fredrik Neij | The Pirate Bay | 28 | $10 Million | ||||
| 23 | DAVID LEVICH | Iced Out Gear | 25 | $10 Million | ||||
| 24 | Jeremy Stoppelman and Russel Simmons | Yelp | 30 & 29 | $10 Million | ||||
| 25 | David Hauser & Siamak Taghaddos | GotvMail | 24 | $8 Million | ||||
| 26 | Rand Fishkin | SEOmoz | 29 | $6.5 Million | ||||
| 27 | Jermaine Griggs | Hear and Play | 23 | $5 Million | ||||
| 28 | Jay Westerdal | Domain Tools | 29 | $5 Million | ||||
| 29 | Ashley Qualls | What Ever Life | 17 | $4 Million | ||||
| 30 | Ben Way | Rain Makers | 27 | $4 Million | ||||
| 31 | Pete Cashmore | Mashable | 30 | $3.8 Million | ||||
| 32 | Seth Sternberg, Sandy Jen, and Elaine Wherry | Meebo | 30,29 and 27 | $3.5 Million | ||||
| 33 | Cameron Johnson | Millionaires Secrets | 22 | $3.2 Million | ||||
| 34 | Rob Benwell | Blogging to the Bank | 23 | $3 Million | ||||
| 35 | Alex Tew | Million Dollar Homepage | 22 | $3 Million | ||||
| 36 | Mario Lavandeira | Perez Hilton | 29 | $3 Million | ||||
| 37 | Lauris Liberts | Frype | 25 | $2 Million | ||||
| 38 | Neil Patel | ACS | 22 | $1.8 Million | ||||
| 39 | Zhang Rui | Mosh | 28 | $1.1 Million | ||||
| 40 | Matt Wegrzyn | Bodis | 19 | $1 Million | ||||
Why College is the Perfect Time to Start a Business
Minimal Responsibilities
Entrepreneurship is notoriously risky. Luckily, the typical college student has few crucial responsibilities: no family to support and no full time career to worry about. In other words, you have little to lose. If your first business fails and you end up with the net worth of a cashew nut, no problem! That’s probably how you started out.Youth
The typical college student also has plenty of time ahead of him or herself. This has benefits in the case of success as well as failure. If you build a successful business, you will have plenty of time to expand it and leverage your resources and knowledge to build other successful businesses. Or, you could just cash out at 30 and retire.On the other hand, in the event that your business flops, you have plenty of time to try again. You’ll only be smarter the next time.
Youth also means a fresher perspective than previous generations. You are more familiar with current technologies and what’s trendy. You aren’t as bound by traditional preconceptions of how things “should” be done.
Abundant, Inexpensive Labor
Access to Knowledge
I’m not sure how many hundreds of PhD professors are at my school, but it’s enough that I could find an expert on virtually any topic. Whether I wanted to learn about emerging scientific research or I wanted some help with a business plan, it wouldn’t be too hard to locate the right person. All major universities share this abundance of brilliant people. Although not all professors are sympathetic, many will be extremely helpful if they recognized that you are a student trying to do something extraordinary.In addition to professors, students most likely have access to one if not many comprehensive libraries and online databases.
Access to Software
Access to Equipment
Large format printers, 3D printers, laser etchers, machine shops, film editing bays, film studios, camera equipment, computer labs, meeting rooms, scientific equipment, etc. Major universities offer serious equipment such as this to their students. Usually students in relevant degree programs get preference, but it is there nonetheless.Financial Support
21 Suggestions For Success
21 Suggestions for Success
By H. Jackson Brown, Jr.- Marry the right person. This one decision will determine 90% of your happiness or misery.
- Work at something you enjoy and that’s worthy of your time and talent.
- Give people more than they expect and do it cheerfully.
- Become the most positive and enthusiastic person you know.
- Be forgiving of yourself and others.
- Be generous.
- Have a grateful heart.
- Persistence, persistence, persistence.
- Discipline yourself to save money on even the most modest salary.
- Treat everyone you meet like you want to be treated.
- Commit yourself to constant improvement.
- Commit yourself to quality.
- Understand that happiness is not based on possessions, power or prestige, but on relationships with people you love and respect.
- Be loyal.
- Be honest.
- Be a self-starter.
- Be decisive even if it means you’ll sometimes be wrong.
- Stop blaming others. Take responsibility for every area of your life.
- Be bold and courageous. When you look back on your life, you’ll regret the things you didn’t do more than the ones you did.
- Take good care of those you love.
- Don’t do anything that wouldn’t make your Mom proud.
Business Advice From Billionaires
We don’t hear much about billionaires from day to day. This is partly because there are so few of them (there are currently about 1,000 billionaires in terms of US dollars in the world, which is 0.000015% of the population) and partly because most of them keep a low profile. Luckily, some members of this elite group have offered some help to the rest of us.
Richard Branson
Sir Richard Branson is the founder of the “Virgin” brand of over 350 companies.
Net worth: 8.6 billion USD
Net worth: 8.6 billion USD
Books written by Richard Branson
- Losing My Virginity
(1999) – This is Branson’s first autobiography. It vividly details everything from his early teenage ventures to his death-defying ballooning attempts to his hard-fought success with Virgin.
- Screw It, Let’s Do It
(2006) – This book contains more life lessons that helped Branson survive and build a fortune.
Videos of Richard Branson
- Richard Branson interview on TED Talks
- Richard Branson interviews on Charlie Rose (several here dating from 1998 to 2008)
- Richard Branson speaking at the 2007 Aspen Ideas Festival
Quotes by Richard Branson
- “Business opportunities are like buses, there’s always another one coming.”
- “Fortunately we’re not a public company – we’re a private group of companies, and I can do what I want.”
Mark Cuban
Currently chairman of HDNet and owner of the Dallas Mavericks NBA team, Mark Cuban gained his billionaire status in 1999 by selling Broadcast.com to Yahoo! for 5.9 billion in stock.
Net worth: 2.8 billion USD
Net worth: 2.8 billion USD
Blog Posts by Mark Cuban
Mark Cuban is the only billionaire I know of who publishes a blog. Blog Maverick is where Cuban frequently writes about business, and technology, and basketball. Here are some excellent posts:- Success & Motivation
- The One Thing in Life You Can Control: Effort
- The Best Equity is Sweat Equity
- The Sport of Business
- Success & Motivation: Don’t Lie to Yourself
Videos of Mark Cuban
- Beyond The Glory, a television biography of Mark Cuban.
- Mark Cuban interviews on Charlie Rose
Quotes by Mark Cuban
- It doesn’t matter how many times you fail. It doesn’t matter how many times you almost get it right. No one is going to know or care about your failures, and neither should you. All you have to do is learn from them and those around you because… All that matters in business is that you get it right once. Then everyone can tell you how lucky you are.
Warren Buffet
Warren Buffett is the chairman and CEO of Berkshire Hathaway, a massive conglomerate with holdings in GEICO, Costco, Fruit of the Loom, Coca-Cola, American Express, Nike, and dozens more.
Net worth: 62.0 billion USD
Net worth: 62.0 billion USD
Books Authored by Warren Buffet
- The Essays of Warren Buffett
(2008) – Every year Buffett writes a letter to the shareholders of Berkshire Hathaway. This is an organized a collection of all of those letters from the past few decates.
Books Warren Buffet Collaborated On
- The Intelligent Investor
(2003) – Buffet wrote the preface and appendix of this revised edition and has called it the best book ever written on investing.
- Buffet has also recommended dozens of other books over his lifetime.
Videos of Warren Buffet
- Warren Buffet speaks to MBA students at the University of Florida
- Warren Buffet interviews on Charlie Rose
Quotes by Warren Buffet
- “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”
- “Price is what you pay. Value is what you get.”
- “The dumbest reason in the world to buy a stock is because it’s going up.”
Larry Ellison
Larry Ellison is the co-founder and CEO of Oracle Corporation, a major enterprise software company. Today he is ranked as the 14th richest person in the world. Not bad for a college dropout.
Net worth: 25.0 billion USD
Net worth: 25.0 billion USD
Books Featuring Larry Ellison
- Softwar: An Intimate Portrait of Larry Ellison and Oracle
(2004) – A biography of Larry Ellison and his company, Oracle, with commentary by Ellison.
Videos of Larry Ellison
Quotes by Larry Ellison
- “I have had all of the disadvantages required for success.”
- “When you innovate, you’ve got to be prepared for everyone telling you you’re nuts.”
Eric Schmidt
Dr. Eric Schmidt became a billionaire from the stock options he received as the CEO of Google. Today he is also a member of the Board of Directors of Apple.
Net worth: 6.6 billion USD
Net worth: 6.6 billion USD
Videos of Eric Schmidt
- Eric Schmidt interviews on Charlie Rose
- Interview with Eric Schmidt by iinnovate
- Schmidt speaking about innovation at Stanford
- List of short videos of Schmidt speaking to students at Stanford
- Speech on technology, advertising, search at the Seoul Digital Forum
Business Models by Eric Schmidt
- 70/20/10 Model – an employee resource management model
Quotes by Eric Schmidt
- “The Internet is the first thing that humanity has built that humanity doesn’t understand, the largest experiment in anarchy that we have ever had.”
- “Anytime you’re in a pressure situation you find out who’s going to step up and do it and who’s going to fade into the background.”
- “Technology is always evolving, and companies – not just search companies – can’t be afraid to take advantage of change.”
Steve Jobs
Steve Jobs is the co-founder and CEO of Apple Steve Jobs and he was the majority shareholder of Pixar when Disney bought it in 2006 for $7.4 billion in stock.
Net worth: 5.4 billion USD
Net worth: 5.4 billion USD
Videos with Steve Jobs
Interviews with Steve Jobs
Quotes by Steve Jobs
- “Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.”
- “You can’t just ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new.”
- “Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.”
Larry Page
Cofounder of Google, Inc.
Net worth: 18.0 billion USD
Net worth: 18.0 billion USD
Videos of Larry Page
- Larry page gives advice for entrepeneurs at Standford in 2002
Quotes by Larry Page
- “We don’t have as many managers as we should, but we would rather have too few than too many.”
Sergey Brin
Cofounder of Google, Inc.
Net worth: 18.0 billion USD
Net worth: 18.0 billion USD
Videos of Sergey Brin
- Sergey Brin speaks to a class at UC Berkeley in 2005
- Sergey Brin and Larry Page interview on Charlie Rose
Quotes by Sergey Brin
- “Obviously everyone wants to be successful, but I want to be looked back on as being very innovative, very trusted and ethical and ultimately making a big difference in the world.”
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