Category Archives: Entrepreneurs

Was Rancho inspired by Steve Jobs ?

Steve Jobs, the Father of Modern Computers has been well known for his innovation, creativity, attention to minute details and his spirit of struggle in the industry. Interestingly, his life story was cast on screens in a recent Hindi Movie 3 Idiots where the character of Rancho (played by Aamir Khan) immensely resembles to him.It appears that the makers of the movie were inspired by Steve for Rancho’s role.

Here are few apparent reasons which point to this conclusion:

1. Steve’s Childhood was spent in poverty.His biological parents deserted him when he was small. Rancho’s parents also died when he was small.He too was adopted by his master.Both of them were orphan in childhood.

2.Steve had great passion for making things live.He always believed in chasing his dreams and making possible what people considered impossible. Rancho was similar in character.Remember, he designed the Helicopter which was considered an impractical project by the Director of the College.

3. Rancho had 300 patents in his name while Steve Jobs has 338 American Patents in his name.

4. Steve always said- Stay Hungry,Stay Foolish; Rancho’s favorite statement(apart from All is Well!) was Never Chase Success, Chase Excellence, the Success will automatically follow you. Though Both these statements look different, both lead to the common aim of excellence.Both starved for excellence and Perfection.Both struggled a lot in life.

5. Steve Came to India in search of Enlightenment and became Buddhist.Rancho was from Laddakh were a significant portion of Buddhist population live.

6.Both could not have proper formal education.Steve dropped the college after first semester and kept on learning things from random sources or by self dedication. Rancho too never had proper elementary formal education.He used to learn from the old books of his master’s son.

7. Both dreamed of Changing the World.Rancho wanted to change the education system, while Jobs changed the way technology is used by common people in day to day activities.

Life repeats its stories and I am sure there are many who fit well in the context stated above, but Steve Jobs resembled the most. Rancho actually was the young Steve Jobs. People may come and people may go but the legend will keep on inspiring those who dream of changing the world.

 

NOTE: Steve  Jobs  has been a source of inspiration  to me . This post is my tribute to the Father of Modern Computers. Interestingly,  one of my first posts on this blog(one year back) was dedicated to him. 

The viral growth of Shraddha Sharma

Meet a girl named Shraddha Sharma  from Dehradun. She is the latest Internet Sensation in India after Govind Tiwari from Allahabad. Her  Facebook Page is https://www.facebook.com/pages/Shraddha-Sharma/156074794471305?sk=wall

It was created on August 17th this year and within 4 days she has managed to get over 3000 fans(3100 as of now) on Facebook and it is growing. The girl has a melodious voice  and is definitely good looking. She merely recited some(5-6) of her favorite songs in front of web cam :-) and uploaded it to Youtube.

http://www.youtube.com/user/shraddharockin

 

While videos were uploaded sometimes back, the Facebook page was created just few days ago and it was done. She started getting thousands of followers.Just notice the pace at which her fan base is growing which I am sure is bound of cross 5000 by EOD today.

 

A Quick Update- Her total  fan-count on Facebook  

40,219 as on September 12, 2011

 74,813 as on October 3, 2011

125,792 on November 29,2011

Just came across her Twitter Page https://twitter.com/shraddhasharma6

Lessons from it


1.If you have  something genuine  to offer, customers will flock around you

The large portion of her visitors come from people who watch her videos  shared on Youtube.Just see the dedication in her when she sings!!

2.She did not spend money on Facebook Ads

These days companies spend millions of bucks on ads, but still cannot achieve this mountain target of 1000 fans/day. What it requires is the inner passion in spreading word  about your product. As some people say word of mouth is the best strategy for brand development.Ask any of the marketing guys and they will name you hundreds of sinks, where to spend money for advertising viz. Facebook Ads, Adwords etc.


3. Had a boy done so, would he have been equally successful?

My answer is NO. The G-Factor is prevalent in almost all spheres of industry. If a girl does something she is bound to get more social appreciations vis-a-vis boys. So, hire a girl PR for your organization.

4. It looks like organic campaigns have started  to give more success than paid ones.A time to change our rudders. Remember Govind Tiwari from Allahabad :-) How many of you will actually do this?

 

Microsoft offering $1 lakh to start-ups in India

Microsoft said India is a strategic market for it, and also announced a $ one-lakh grant to promote innovation among domestic start-up companies.

‘Microsoft is happy to reiterate its commitment to India by fostering innovation and entrepreneurial ecosystem.

Towards this, we are pleased to launch the ‘Microsoft Bizspark India Start-up Challenge’ under which four most promising start-ups will share a prize money of $1,00,000,’ Microsoft Corp chief operating officer Kevin Turner said here.

On investment plans for India this fiscal, Turner said they will continue to invest here as it is strategically an important market. But he refused to give any specifics in terms of the timeline or quantum of such investment.

The Microsoft Bizspark India Start-up Challenge is a unique contest for start-ups in the field of product software to showcase their creativity, get constructive feedback, inputs on technology roadmap and gain mentorship from peers, investors and Microsoft.

The first two winners will get $ 40,000 each and the two runners-up will get $ 10,000 each under the contest, which will be open to all the 1,300 member-companies of the Microsoft BizSpark platform. The contest opens today and will run till June.

The BizSpark platform has been running to promote a local software ecosystem, Microsoft India general manager for developer platform evangelism Moorthy Uppaluri.

Over the years, through the Spark series, Microsoft has helped and guided many aspiring entrepreneurs, Uppaluri said and insisted that this is not a revenue-based business model but an investment being made under personal guidance of Bill Gates.

‘What more, with 4.5 million downloads of Microsoft programmes/products, a year, India has become the largest free-software download market in the world,’ Uppaluri said.

The Spark series include DreamSpark, WebsiteSpark, I-Spark, BizSpark and BizSparkOne aimed at students and entrepreneurs alike.

 

Women Entrepreneurs’ Day at Bangalore on 4th May 2011

We are having 4th May 2011 at Women Entrepreneurs’ day at Hotel Gold Finch per following agenda:

7.30 to 8.00 AM – Open Networking (meeting entrepreneurs from various industries and share business cards) with Coffee/Tea

8.00 to 9.30 AM – Business Networking meeting, opportunity to introduce one’s business to the whole gathering, passing of business referrals and 10 minute presentation on BNI, the one and only proven referral marketing organization operating world-wide

9.30 onwards – networking and break-fast, fixing one-to-one meetings

This day, we would like to create business opportunities for Women Entrepreneurs.  If you are Woman entrepreneur, please send me your interest in joining us at gnr@hanuconsultants.com and if you know any deserved woman entrepreneur from any industry, retail, home-operated businesses, etc., please refer this event to them to help them get more business opportunities.

 

Mails can be sent to gnr@hanuconsultants.comsmrithi@hanuconsultants.com

 

Ratan Tata and the journey from an Indian giant to a global business house

RATAN TATA is as different as can be from the popular image of a business titan: he is a natural gentleman who lives austerely, litters his conversation with references to “dignity” and “duty” and is happiest when talking about his pet dogs, two German shepherds. He owns less than 1% of the group that bears his family name. But he is a titan nonetheless: the most powerful businessman in India and one of the most influential in the world.

The Tata group, of which he is chairman, is a giant too—or rather a collection of them. This family of companies covers cars and consulting, software and steel, tea and coffee, chemicals and hotels. Tata Consultancy Services (TCS) is Asia’s largest software company. Tata Steel is India’s largest steelmaker and number ten in the world. Taj Hotels Resorts and Palaces is India’s biggest luxury hotel group by far. Tata Power is the country’s largest private electricity company. Tata Global Beverages is the world’s second-largest maker of branded tea. Overall, the group earned 3.2 trillion rupees, or $67.4 billion, in revenues in 2009-10 (see chart) and 82 billion rupees in profits.

Mr Tata has transformed the group. When he became chairman in 1991, India was groaning under the Licence Raj and Tata seldom ventured outside its home market. Today, as he prepares to step down in late 2012 and the search for a successor speeds up, India is one of the world’s most dynamic economies and Tata operates in over 80 countries. The latest sign of its ambition came this week at the Geneva motor show, where Tata Motors showed a prototype of a small car for European drivers.

But the Tata story is about more than its own transformation. Just as Tata played a leading role in nation-building from its foundation in 1868, creating India’s first Indian-owned steel plant, power station, luxury hotel, domestic airline and sundry other firsts, it is now one of the stars of India’s globalisation. The group has also projected a new type of company onto the global stage—more diversified than Western firms, more engaged in the life of the community and, if its employees are to be believed, better equipped to prosper in both developed and developing markets.

The house that Ratan built

Mr Tata’s enthronement in Bombay House, the group’s headquarters, took place just before the liberalisation of India’s economy, an event that Indian business people habitually call the country’s “second independence”. He spotted that liberalisation was both an opportunity and a threat. It was an opportunity because it set Tata free: the economy had been so tightly regulated that you could be fined or even imprisoned for exceeding your output quotas. It was a threat because Tata was vulnerable. Its companies were unco-ordinated, overmanned and undermanaged. They had competed with each other so vigorously that four textile mills drove each other out of business, yet there was a serious risk that leaner, fitter foreigners would wipe out the lot.

Mr Tata set about streamlining with a vengeance. He focused the group on six industries that have provided most of its revenues since 2000—steel, motor vehicles, power, telecoms, information technology (IT) and hotels—and increased its often paltry shareholding in these core businesses. He gradually established Bombay House’s power over the barons who had ruled the various businesses for decades. Companies now have to earn the right to use the Tata brand. The Tata Management Training Centre does as its name says; and TAS selects high-flyers who move regularly from one company to another as their careers develop. Teams of “auditors”, stars from across the group, conduct annual surveys of selected companies, reporting on progress and suggesting lessons to learn.

The group embraced globalisation. The pace of foreign acquisitions has grown dramatically: in 1995-2003 Tata companies made, on average, one purchase a year; in 2004 they made six; and in 2005-06 more than 20. So has the scale. Tata Tea’s takeover of Tetley Group, a British company, for $450m in 2000 was the first of several bold buys of well-known brands that announced the group’s arrival in the global big league. In 2007 Tata Steel bought Corus, Europe’s second-largest steelmaker, for $12.1 billion. A year later Tata Motors paid $2.3 billion for Jaguar Land Rover (JLR).

In all Tata has spent around $20 billion on foreign companies. Today it earns about three-fifths of its revenue abroad and employs more British workers than any other manufacturer, and two of its biggest companies, Tata Motors and Tata Communications, are listed on the New York Stock Exchange.

Tata has been busy in emerging markets, too. Tata Steel and Tata Motors have been snapping up Asian companies, such as Thailand’s Millennium Steel and South Korea’s Daewoo trucks. At home Tata Motors makes the first Indian-designed car, the Indica, and the world’s cheapest, the Nano. Mr Tata talks about the company’s duty to produce groundbreaking products for the world’s poor with missionary zeal.

The changes have been dramatic. A group that used to be identified with secure employment (“for shoes there’s Bata and for jobs there’s Tata”) has become obsessed by serving its customers and matching international standards. Tata Steel has more than doubled its output since 1994 (from 3m tonnes to 6.4m) while cutting its workforce in India by more than half (from 78,000 to 30,000). A jaunty self-confidence has replaced the self-doubt of the early 1990s. Yet Mr Tata’s changes have gone only so far. That is partly because of caution and reverence for tradition, but also because there is logic behind the group’s diversity.

E pluribus plura

In Jamshedpur men in thick denim shirts and hard hats watch as molten steel is poured from a gigantic ladle. In Mumbai young women in exquisite saris add to the allure of the Taj Mahal Palace & Tower hotel. In Pune PhDs from the Massachusetts Institute of Technology and various Indian Institutes of Technology feed data into one of the world’s most powerful privately owned supercomputers. They are all part of Tata’s global workforce of about 395,000 people.

For all the frantic restructuring the group remains strikingly diversified by Western standards: 98 operating companies, 28 of them listed on the Bombay Stock Exchange, in a bewildering range of industries. It is bound together by complicated interlocking structures: various central bodies, such as the Tata trusts and Tata Sons, hold shares in the companies.

Tata is also held together by a common culture that has been marinating for 140 years. Employees love to tell tales of how Tata got the better of the British overlords. They also love to point out that Tata created many of India’s greatest institutions, such as the Indian Institute of Science, the Tata Institute of Fundamental Research and the Tata Memorial Hospital. Reverence for Jamsetji Tata, the group’s founder, borders on ancestor worship: his ever-present busts are garlanded with fresh flowers daily. On March 3rd thousands marched through the streets of Jamshedpur, as they do every year, to celebrate his birthday.

Tata prides itself above all on its culture, which it argues is defined by three things: loyalty, dignity and what is now called corporate social responsibility (CSR). It is not unusual to find a Tata lifer whose spouse works for the firm and whose father also did. Tata is admirably restrained by the flashy—it is tempting to say money-grubbing—standards of modern India. It has always eschewed “sinful” industries such as drink, tobacco and gambling. It is as committed to public service as it was when Jamsetji Tata was laying the economic foundations of Indian independence.

Tata charitable trusts own two-thirds of the holding company, Tata Sons. Alan Rosling, a former Tata executive who spearheaded the group’s globalisation, liked to say, “We’re making money so that our shareholders can give it away.” The trusts funded worthy causes, from clean-water projects and literacy programmes to the various Tata institutions, to the tune of $97m in 2010. But the commitment to CSR is deeper than this.

Consider Jamshedpur, the home of Tata Steel and perhaps the world’s most successful company town. Tata Steel runs almost all the city’s institutions: these include a 980-bed hospital, a zoo, a giant sports stadium, academies for football, archery and athletics, golf courses and the local utility company. (“They provide you with a house and a car,” jokes Prabhat Sharma, head of corporate affairs for Tata Steel. “The only thing you need to bring is a wife.”) The company also employs 250 people to work with local tribespeople, to improve agriculture, health care and education, and regularly sends a hospital train farther into the hinterland. The city is remarkably well run by Indian standards, with broad avenues, green parks, reliable power and water that you can drink. Tata Steel gently mocks all this corporate philanthropy with the slogan, “We also make steel”.

This largesse has come under some strain in recent years. Tata Steel has reined back some activities (it no longer makes ice or shoes) and created a separate utility company. Tata Tea (now Tata Global Beverages) has sold its vast plantation in the Western Ghat mountains where it was the biggest employer for more than a century. But rationalisation has not gone far by Western standards. The tea plantations were sold to former employees. Tata Steel gave generous pensions to the thousands of workers it got rid of.

The group has inevitably provoked criticism as it has stridden onto the international stage. Western investors who already apply a discount to American and European conglomerates are leery of India’s more sprawling variety. Many Indians may view the prominence of Ambanis, Birlas and Tatas as part of the natural order of things. But Westerners tend to associate it with unreconstructed tradition and messy family politics.

The widespread suspicion that Tata had overpaid for Corus and JLR seemed to be confirmed when the world’s stockmarkets tumbled in 2007-08. Even Mr Tata admits that the group had to reach deep into its pockets to keep some subsidiaries going. But the crisis has done nothing to damage Tata’s growing self-confidence. The global deals are beginning to repay its patience: JLR is likely to make $1 billion in profit this year as well as providing Tata Motors with valuable skills. Mr Tata warns the group against drawing the wrong conclusion from the meltdown: it needs to be more bullish rather than more conservative.

The sense behind the sprawl

Tata executives also insist that the group’s sprawl makes sense, even if they sometimes explain it in idiosyncratic terms. R. Gopalakrishnan, a director of Tata Sons, explains the structure with reference to the extended Indian family: the patriarch sets an example to his “sons” and kicks them out of the house if they fail to live up to his values. But they also claim support from management thinkers such as Tarun Khanna, of Harvard Business School, and Jim Collins, the author of “Good to Great”.

Mr Khanna points out that diversified groups are the “dominant” form of business in many emerging markets, including Chile, Indonesia, Mexico, Pakistan and Thailand. He argues that this makes eminent sense in countries with weak governments and underdeveloped institutions. India regularly comes in the bottom half of the World Bank’s “Doing Business” rankings. Many institutions that Western companies take for granted are missing.

The group’s spread not only improves its chances of grappling with bureaucracy and filling various institutional voids but also helps it wage two of the hottest wars in modern India: for talent and trust. Tata can compete with Western talent-magnets such as General Electric and Accenture. It is well enough known to appeal to people in the remotest villages. In last year’s BrandFinance Global 500, a ranking of the world’s most valuable brands, the Tata name was reckoned to be worth $11.2 billion, placing it first in India and 65th overall. Even the twin strategy of advancing at both the bottom and the top of the market makes sense: it is hard to dismiss Tata as a “cheap” brand when the group owns luxury hotels and fancy consultancies.

Mr Collins argues that “culture” is a rich corporate resource: many of the “great” Western companies that he studies share a propensity for ancestor worship. Tata’s culture of probity has helped to insulate it from India’s endemic corruption. It has guided its behaviour when standards have slipped: when the company discovered widespread irregularities in Tata Finance in 2001-02 it blew the whistle on itself. Tata has not escaped unharmed from the snowballing scandal over the Department of Telecommunications’ decision, in 2008, to allocate wireless spectrum to favoured companies at below market prices. But in general its reputation has earned its senior figures the benefit of the doubt.

Tata’s diversified structure has given it a valuable mixture of flexibility and deep pockets. Its companies have been able to seize opportunities, such as Tata Steel’s takeover of Millennium Steel or Tata Motors’ joint venture with Marcopolo, a Brazilian bus manufacturer. Bombay House provides Tata companies with clout when they want to make ambitious acquisitions (Tetley was twice the size of Tata Tea) or when the market turns against them.

Tata’s new frontiers

A profile in Fortune in 2002 characterised Tata as both “one of India’s most beloved companies” and “a mess”. The latter no longer looks correct. But Tata will be held to much higher standards as it competes with the world’s best. Its future success will depend on the answers to two questions. Can it use its muscle to become a master of innovation? And can it become a truly global company rather than just an Indian one that does well abroad?

Mr Tata’s mission in his final years as chairman has been to foster innovation. He has started an annual competition with a prize for the best failed idea (failure is a “gold mine” for a great company, he says). He has also created five “clusters” (plastics and composites, nanotechnology, engineering, IT and water) that throw people from different businesses together.

The group is pursuing innovation on two levels. At the high end, Tata Chemicals is conducting research in nanotechnology and food science, and TCS holds regular innovation conferences in Silicon Valley. But what has caught more attention is the group’s commitment to “frugal innovation”: new products designed to appeal to poor people and the rising middle class.

Tata’s best-known frugal product, the Tata Nano, a 150,000 rupee car, has run into problems: some cars have suffered from what Ravi Kant, the vice-chairman of Tata Motors, calls “thermal incidents” and his customers call “catching fire”. Distribution has been poor, although more are appearing on the roads. Carl-Peter Forster, chief executive of Tata Motors, admitted this week in Geneva that the Nano business model is having to be reinvented.

Even if the Nano proves disappointing, frugal innovation looks promising overall. Tata Motors is making small trucks that are replacing three-wheelers. TCS has co-produced a cheap water filter, the Swach, using ingredients such as rice husks. Tata Steel has made a prototype of a $500 house that can be bought in a shop. The hotel company is building $20-a-night billets for India’s army of commercial travellers.

The group is learning to combine the strengths of its various parts. Three companies collaborated on the Swach. After the Asian tsunami in December 2004 TCS and Tata Teleservices joined forces to develop a weather-alert system for fishermen. The group is also marrying high- and low-end innovation. The supercomputer in Pune was built in six weeks for around $30m. TCS has created a cheap software package that can teach adults to read in 40 hours.

The Nano needs sprucing up

In globalising, Tata has been a fast learner, absorbing lessons from JLR and Daewoo. It has become more ambitious: Tata Global Beverages presents itself as a global company rather than an agglomeration of acquisitions. Tata also claims that it is easier for Indian companies to compete in Western markets than it is for Western ones to adapt to the complicated demands of developing markets.

But the group nevertheless faces serious problems. One is the parochialism that afflicts big countries (and companies): the upper management is still dominated by Indians who know only life within Tata. A second is hubris. Tata is too inclined to celebrate the great pruning of the 1990s rather than ask whether another is due. It may not be able to justify today’s degree of diversification when the Indian market is growing so rapidly and when it is doing so much business in the developed world. It needs to consider whether it is time to lop off weaker limbs such as Tata Teleservices, an also-ran in India’s crowded telecoms market, and Tata Financial Services.

The most immediate task, though, is more humdrum: replacing Ratan Tata. This will not be easy. Mr Tata has driven the group’s big transformations from its restructuring to its focus on frugal innovation. His personality pervades the organisation, which is in a far better state than it was when he inherited it.

Tata has plenty of senior executives who have grown up under his regime—not least Noel Tata, Ratan’s half-brother and the son-in-law of Pallonji Mistry, Tata Sons’ largest individual shareholder. It has also forged a long-term strategy that could power its growth for years: producing a stream of innovative products that will both cater for the rising masses of the emerging world and shake up markets in richer places.

 

5 Tips for Following-up the Right Way

Chances are, there is little doubt in your mind about the importance of follow-up in your marketing…you just need a few tips to get moving in the right direction. Here are a few things to keep in mind as you put your follow-up procedures in place.

Follow up immediately.

If a prospect expresses interest in your company, don’t let them slip through the cracks. Follow up right away to start building a relationship.

Manage the frequency of your follow-up.

Frequency is critical. If your follow-up is too sporadic, contacts may forget who you are. If you follow up too often, you risk being viewed as a pest. Avoid the urge to communicate with your prospects too often. Less is definitely more.

Manage expectations.

In order to avoid unkind thoughts and SPAM complaints, set email expectations up front. Most complaints come when prospects are surprised – so tell subscribers exactly what you will be sending, when, and how it will benefit them.

Practice permission-based marketing.

Before you email anyone, make sure you have permission to do so. This is as simple as including an “opt-in” button on your webform or other lead capture method. Once you have their permission, they are less likely to send you to the SPAM folder and more likely to respond to your messages.

Be persistent.

Remember, 80% of your prospects may not be ready to buy right now, but they will be ready within 2 years. Don’t give up on the opportunity to stay in touch with these prospects – through special offers, helpful tips and tricks, coupons, industry news, new product information, etc. You never know when one of these prospects will be ready to buy.

Put these principles to work in your follow-up marketing and you’ll start seeing much better response rates. There’s a gold mine of potential out there.

8 ways to Test Your Website

Your website is the “storefront” of your business (even if you have a literal storefront, too). Your website needs to attract customers and keep them coming back for more. So pull up your website and ask yourself a few questions:

Where do your eyes go first?

You only have a few seconds to capture the attention of your audience…make sure they’re seeing something important.

Can you tell what the website is about?

Again, you only have a few seconds to communicate your unique value, so be clear and compelling.

Is important information above the fold?

Make sure your opt-in forms and Unique Selling Proposition are available without scrolling down.

Are the benefits highlighted?

Your visitors want to quickly learn “what’s in it for them.” Spell out the benefits clearly on the homepage.

Is there a clear call to action?

If they like what they see, prospects need to know what to do next. It can be to buy now, start a free trial, or simply download a free report.

Are the colors and font distracting?

Jarring colors, quick animation, and gaudy fonts can really be distracting. And if your visitors are distracted, they’ll click away.

Do you feel personally connected?

Consumers want to buy from people, not machines. Connect with your prospects by being honest, straightforward, and using a conversational style.

Are there links to social media?

Many people want to do a little more research before buying. Linking to social media sites gives your potential customers another glimpse into your company (and perhaps a few testimonials from other customers).

Once you determine a few areas where you can improve, develop a plan to start implementing changes. You don’t have to do them all at once – just do a few at a time until you have a website that really converts.

To your success!

President Obama Dinner with Top Tech Leaders

President Barack Obama had dinner with Technology Business Leaders in Woodside, California, on Feb. 17, 2011. Apple’s Steve Job, and Facebook Founder Mark Zuckerberg were seated beside the President among others.

P021711PS-0705
(Official White House Photo by Pete Souza from White House Flickr page)

President Obama Dinner

Invitees: So how many people can you identify in the photo? SE Land has marked the photo to help you identify the people seated for dinner. As per their information, and NewYorkTimes had a list of invitees.

  • John Doerr, partner, Kleiner Perkins Caufield & Byers
  • Carol Bartz, president and CEO, Yahoo!
  • John Chambers, CEO and chairman, Cisco Systems
  • Dick Costolo, CEO, Twitter
  • Larry Ellison, co-founder and CEO, Oracle
  • Reed Hastings, CEO, NetFlix
  • John Hennessy, president, Stanford University
  • Steve Jobs, chairman and CEO, Apple
  • Art Levinson, chairman and former CEO, Genentech
  • Eric Schmidt, chairman and CEO, Google
  • Steve Westly, managing partner and founder, Westly Group
  • Mark Zuckerberg, founder, president and CEO, Facebook

Agenda: WSJ says “the overall aim of the meeting was for Mr. Obama to discuss his competitiveness agenda, and to find new ways the government and private sector can work together to lift the shaky economy.”

Original article: President Obama Dinner with Top Tech Leaders [Photo]

 

Meet Alex Shelton

Well here we are with another entrepreneur whom many of you will already know as the six figure renegade, Alex Shelton. It’s safe to say Alex has been very busy over the past four years getting his business off the ground and making some quite amazing leaps and bounds forward in the world of Internet Marketing. What is even more remarkable than the amount of hard work he’s put into his business and the amount of money he has made doing so is the fact he is just 20yrs old! That’s right it’s not a spelling error Alex is only 20yrs old and is already making a killing online with Six Figure Renegade. To those of you as young or maybe even younger than Alex, or for those of you that are just starting out in Internet Marketing make sure you read all of this article because Alex has given us a lot of great tips that I am sure you will enjoy. Don’t forget to head over to his site for more from Alex.

Alex and George Alex Shelton – Why I’m Successful

Quick Fire Questions

Best Business Purchase?
Apple MacBook

Favourite Business Resource?
This has got to be IM Giant, just something we’ve been working on.

Biggest Inspiration?
Dan Kennedy

Favourite Business Website?
Inc.com is my favourite

How I Got Started

Well I actually started my online business properly, about two years ago now, I got started working about 15yrs old, I left school at 15 and I actually went to work at ITV which is a UK television broadcasting company; and I was always really interested in starting my business in general, it wasn’t necessarily going to be online or off-line. However didn’t really have any decent ideas to get started with an off-line business, and I certainly didn’t have enough money to start an off-line business either. I loved using computers and thought, this online stuff is very profitable and it’s quite easy to get going too (or so I thought) and also had really low overhead to get started.

So really I started roughly around 4 years ago, but around a year and a half to 2 years ago I actually started taking everything a little bit more seriously and that’s when the business really started to flourish.

So right now I work about, well I try not to work too often. I work about three hours a day normally, so that’s about 20 hours a week. However that isn’t completely through all of the time, when I got to launch on I work harder than ever, and usually I’ll sleep for six or seven hours a day and then the rest that day is spent just focused on the launch, and working as hard as I can to get things as prepared as possible.

So usually when I’m traveling the world, is around three hours a day, I tried to just condense everything down; and I have actually been able to do that, so I’ve got it down to 3 hours a day which will consist of just checking my e-mails and just managing stuff. But if it’s around a launch date is a lot more.

So how much money well, up until just recently I had been making around $30-$40,000 in profit through click bank and various other promotions and stuff like that; but just recently we have got launches and stuff like that going on and we’ve just had our best one so far I think we process something like $320,000 worth of orders in just the last four weeks, so it’s really been a great month and right now we just tried to keep that going and yes it’s been very successful. So yeah, it’s been very successful and am pleased to say that we broken than $100,000 barrier now and were into six figures a month and that’s an ongoing monthly thing as well.

What Motivates Me To Continue To Be Successful

I’ve got to say that my first-ever job at ITV, and I was training to become a weatherman but as I said before I really wanted my business, I didn’t really like getting up early, and I really didn’t like working Sunday well, I just didn’t really like going to work to be honest I wanted to do something different with my life.

So, what really motivated me was the freedom and of course the money, I’m those people who are very motivated by money, I hate to say it and I will say that I obviously have got other motivations as well, but the money is a big aspect for me; it provides me with freedom allows me to look after my family and allowed to live our lives so yeah my two big motivational factors are freedom and money.

How I Work

Well when I’m back in the UK, I get up around nine o’clock and pretty much work all day that’s what I’ve been doing here I’m actually in the UK right now and I’m heading back to Bangkok on Monday. However when I’m away, and like I said before I been away for the past 6 or 7 months already, I wake up pretty much whenever I want; then now work for about two hours, go out and do some stuff go around the islands and whatever. I don’t into work late and I’m traveling I just go to clubs have a lot of fun, maybe chip meals later in the day but really is about three hours a day.

But the way that I manage that, the reason that I’m able to work only three hours a day whilst traveling is because I keep up communications with my employees, my support guys make sure that they have everything they need because if those guys don’t feel like they’re getting the support they need then it’s just really counter-productive for myself.

So I always make sure that my employees are okay, I very rarely deal with customers myself any more; don’t get me wrong I don’t mind doing it, it’s just that I feel that if I trained my employees to do it and they enjoy doing it then it’s best to just leave them to it and not get involved, and that really allows me to focus on other parts of my business which is great.

Also in terms of jobs I do myself, I mostly just project manage a lot now, I try to get quite a few projects going if I can because I enjoy doing it. I’m also in charge of making payments, organizing staff making as to make sure things are done on time, so if were getting some software developed or were getting some graphics through, I make sure everything comes together and then I pass it on to my tech guy or whoever, just to put it all into place.

How I Have Expanded My Business So Rapidly

I’d say that by getting really focused on one thing at a time, I’d never recommend anybody to be a jack of all trades; in fact I highly recommend getting very focused on a couple of things that will really make money, and also when the time comes you got to be able to expand; so don’t ever be frightened of taking people on so that they can help you out.

So really I’d say the biggest difference from then and now is that I have refined everything a lot more and I’ve become a lot more organized; I now have around three or four staff working for me now and they take care of different aspects of the business which basically allows me to have as much free time as I want.

So yeah always strive for automation and never be afraid to outsource stuff, just don’t worry about it and try it out because the chances are it will give you a lot more time to focus upon your business. Also at the same time try to refine things as much as you can so you can focus on the things that are really making you money,  one last thing to remember is that if something you are doing isn’t making you money, well some but not as much as you’d like then try doing something different.

What Makes Me The Most Money

I’d say the most profitable aspect of my business is, well there are different parts really, I’d say list building is one of the most profitable because I have very low overhead, but it makes an insane amount of profit each month. So I’d say if you haven’t started building lists just yet then look into it because you’ll be really missing out there.

I also think that another profitable aspect of my online business is really the volume of customers that we get in on the front-end and also optimizing the sales funnel where we can offer them differentproducts and up-sell to them, as well as offer high-ticket items throughout the whole sort of process.

Webinars with other people are also very good, there a great way of making money in Forex, in Internet marketing in any niche that you’re in basically. But I’d say the whole funnel itself is the most profitable aspect of my online business, we have refined it in such a way that we get people in through low-end products and up-sell them through different stages of the up-sell funnel whilst making them really happy because they are getting all the resources that they need.

The Day I Realized “I MADE IT”

I’d say the first $100,000 in profit, that was probably the time when I realized that, you know; I can sort of relax, even though I had outgoing costs and stuff it was sort of like “I have a cushion now, I can expand my business”. So yeah that was it really I’ve never really been featured in the press or anything like that, but in terms of profitable days were now hitting $3000 and $4000 days alone with Clickbank. We’ve also done a huge amount of money through webinars and list sales too.

So it really wasn’t about being featured in anything or anywhere; it was more a case of the success that we’ve had and just getting to that point where we no longer need to really worry about reinvesting into the business due to not having enough cash or anything other.

How did I feel and celebrate? Well I went out and did what any 20-year-old would have done , I basically rang a few friends and we went out and got rather drunk, I just had some good times with some good friends.

I Would Have Been Successful Sooner If…

I personally think I could have been a bit more focused and more organized, as I previously mentioned I have refined the business a lot, right down to 3 things which I call the pillars of marketing; which I think would really help your readers as it really helped make me the most money. Those three things are:

  • Affiliate marketing
  • Product Creation
  • List Building

These three things are the things I’m the most focused on now because I have learned that it makes me the most money. So I feel like I could have been a bit more focused and done less procrastinating, but I’m glad I’ve been able to do it by now; I mean I think I’m pretty young still to have done what done so yeah I’m happy.

What You Should Be Focusing On

I’d say first and foremost focus on what is making you money, I mean I can see the potential in Facebook, Twitter and other social networks as they are obviously great for networking and stuff like that, but if it’s not making money then just let go and don’t focus on that any more. So I think you need to focus mainly on what is making you money now and then just expand it as quickly as you can scaling it up all the time.

Then, when you get to the point where you are pretty much putting in as much time as you can, you want to head over to oDesk and get people to help you out because it’ll take some of the strain off you and really help you expand quicker. I personally don’t think there is anything wrong with rapid growth especially in the Internet marketing industry, I think if you really want to be serious about making a six or seven-figure income online through Internet marketing then you really need to focus and just put in as much effort as you can.

So, put as much effort in at the start as you can and then once you come to the point where you can automate it all you will be able to become pretty much a project manager just like I am; and that’s how you really live the Internet dream and the Internet lifestyle, but you need to focus on making as much money in the start as possible. So really try to make as much money as you can with the money you’ve got and if you’ve got something that isn’t making money right now then just leave it behind and focus on the things are going to allow growth a lot more rapidly.

Why I’m Successful and Why You May Be Not

To be honest I’m not sure, I think it is probably down to the individual, in terms of personality. I think those that are successful are usually very determined people; I know that sounds pretty obvious but they seem to be VERY determined. They persevere they don’t give up; these are the guys that will put in that extra three or four hours a day instead of going to play on their Xbox or do something else.

These are the guys that really do make big sacrifices and don’t let anything get in their way, the really focused and successful guys always treat it like a business they never see as a money-making-scheme they basically treat it just like a proper business and that’s a really good idea because it is a business it shouldn’t be just a scheme.

So if you really want to live Internet lifestyle and travel the world whilst earning a bunch of money; you need to be as focused and determined as you would be at anything else really.Just remember to put in the hours and make a few sacrifices.  Whether that’s not going out much for a while or sacrificing some time with your friends or families remember it’s just a short-term thing and a long-term gain and that’s it really.

Young Rich List – 30 Under 30 Internet Millionaires

Top 30 Richest Young Entrepreneurs

You know you’ve made it when you are on every single newspaper and magazine publication known to man, or even better when they have a movie about the birth of your company! There are so many ways to make money online, it could be a physical product that you are selling, maybe you create software and want to help those pesky spies from gaining government information? What ever your flavor of entrepreneurial streak may be, there are some sure-fire ways to make it in the online world.

Whats more, you can often start making money without even putting any in, although this will probably cause a slower return rate and lesser volumes but you could still do it. The truth is that any Tom, Dick or Harry could start a business if they really wanted to. BUT…there’s a catch. Of course there’s a catch, there’s ALWAYS a catch right? “Well, go on tell us what the catch is!” I hear you ask, it’s simple, you just need to know. You need to know what it is you are selling, how you are going to sell it and you have to know it has a reasonable value. There’s no good selling rubbish if the value is zero.

Also you need to “Know” how to motivate yourself, how to motivate others, how to hustle with the best of them. Let’s stop a minute and rethink this through.

In order to make money online you need to have qualities, and give quality to your customer, client or subscriber. Sometimes content is king, sometimes it’s the person behind the content. With that in mind I offer to you, the kings and queens of the entrepreneurial world. “The 30 Richest Entrepreneurs Under 30″…

…Enjoy

FYI: Net worth’s are estimates based on stock prices, company shares, investment, annual earnings, estimates made by professionals, insider information & research from the internet.

#1 Mark Zuckerberg Aged 26yrs

Worth an estimated $6.9 billion

mark zuckerberg870 Young Rich List – 30 Under 30 Internet MillionairesIf you don’t know who Mark Zuckerberg is already, you really must have been living under a rock. Mark is an American entrepreneur who co-founded and is currently the CEO of the social networking behemoth we know as Facebook. Hailing from White Plains, New York, Mark started his programming at a very early age back in “Middle School” and it looks like that really paid off. Currently owning approximately 24% of Facebook, Mark is now a Multi-Billionaire, with a fortune of roughly $6.9bn and growing. So why is he top of the list? Well, I can think of a few reasons, 6.9 billion reasons in fact!

www.facebook.com

www.blog.facebook.com

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#2 Dustin Moskovitz Aged 26yrs

Worth an estimated $1.4 billion

dustin moskovitz Young Rich List – 30 Under 30 Internet MillionairesNow Dustin may be a little less familiar to you than Mark (above) but he’s definitely someone who has struck lucky. In fact Dustin was one of the co-founders of Facebook along with Mark. Dustin has since left Facebook (back in 2008) and has now set up his own business, Asana a company that apparently tackles the problems of workplace collaborations. Still in it’s early development stages, Asana is currently in Beta mode if you are interested? So how much did he make? A little over $1.4bn.

www.asana.com

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#3 Andrew Mason – Aged 29yrs

Worth an estimated $600 million

Andrew Mason Young Rich List – 30 Under 30 Internet MillionairesAndrew Mason is the founder and CEO of the online business Groupon. A site you have all more than likely heard about or used before. Andrew Now just 29 years old is worth an estimated $600 million due to the sites huge success. Founded in 2008 Groupon has been steadily increasing it’s traffic and it’s income for the grateful founder. The aim of the website is to offer out daily deals to people all over the world via an online coupon service. Each and everyday Groupon releases new “Groupons” to its customers allowing them to receive discounts on anything from subway meals to laptops and much more. Andrew was given $1 million dollars by his previous employer in order to start this venture which has now made them both a lot of money in the 2 short years it has been up and running. I’m sure we can expect more from them in the near future.

www.groupon.com

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#4 Matthew Mullenweg – Aged 26yrs

*Worth an estimated $250 million

Matthew Mullenweg Young Rich List – 30 Under 30 Internet MillionairesIts nice to have one of our own on the list, and I’m pretty sure we all know who this young chap is. Matthew Mullenweg is the founding developer of WordPress, a resource a lot of us use on a daily basis. Funnily enough his background is anything but technical, he went to a performing arts school, learned to play the Jazz Saxophone, and then he went on to created one of the best website and blog programs in the world. In 2005 he started the company Automatic, which became the backing force behind WordPress and Akismet. Well done Ma.tt – You see what I did there?

www.ma.tt

www.wordpress.com

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#5 Blake Ross – Aged 25yrs

Worth an estimated $150 million

B Ross1 Young Rich List – 30 Under 30 Internet MillionairesBlake Ross is an American software developer, known best for his work with Mozilla Firefox. That’s right at the age of 25yrs he has been able to accumulate a total fortune worth $150 million. In 2005 he was nominated for the Wired Magazines top “Rave Award” opposite some very popular names including Larry Page and Jon Stewart. Blake also co-founded the company Parakey which was eventually bought out by, yes you’ve guessed it, Facebook.

www.mozilla.com

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#6 Gurbaksh Chahal – Aged 28yrs

Worth an estimated $100+ million

Gurbaksh Chahal1 Young Rich List – 30 Under 30 Internet MillionairesGurbaksh Chahalis an American author and entrepreneur that has managed to create, build and grow two businesses into a massive empire worth $340 million, and all that before he is even 30yrs! Born in India, his family finally settled in California, by the time he was 16yrs old he had dropped out of school and decided to embark on a career in business. Gurbaksh is now the CEO and founder of gWallet.Inc. What an awe-inspiring story.

www.chahal.com

www.gwallet.com

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#7 Naveen Selvadurai Aged 28yrs

Worth an estimated $80 million

naveen selvadurai Young Rich List – 30 Under 30 Internet MillionairesYou may not have heard about Naveen but rest assured he is definitely a big hitter. He made most of his money through a joint venture that you may have heard of, Foursquare anyone? However before co-founding Foursquare he had worked extensively with some very well known brands, Nokia, Sun Microsystems and Sony to name a few. $80 million, yes please!

www.foursquare.com

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#8 Angelo Sotira – Aged 29yrs

Worth an estimated $75 million

angelo sotira Young Rich List – 30 Under 30 Internet MillionairesAngelo, is someone a lot of you graphic designers, photographers, and web developers may know very well. He is the pioneering brain behind DeviantArt, The website was co-founded back in 2000 with Scott Jarkoff and Matt Stephens and is bigger than ever today. It really is the Facebook of the art/digital art world. The community is very strong and it’s a really intriguing and inspirational website. Still $75 million for creating a website back in 2000, I think I could wait 10 years for $75mil, how about you?

www.deviantart.com

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#9 Nat Turner – Aged 26yrs

Worth an estimated $70 million

nat turner Young Rich List – 30 Under 30 Internet MillionairesNat Turner is one lucky entrepreneur, but lets not be harsh on him, he worked extremely hard in order to get lucky. What I mean is that he was lucky enough to build a brilliant company, Invitemedia, which is a “universal buying platform” for display media according to their website. Where he got “lucky” is when the global giant that is Google, decided to buy him and his co-founders (Zach Weinberg and Scott Becker – both aged 23yrs) out for a nice round figure of $70 million. Good job Nat.

www.invitemedia.com

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#10 Peter Cashmore – Aged 24yrs

Worth an estimated $70 million

005 pete cashmore Young Rich List – 30 Under 30 Internet MillionairesPeter Cashmore is is the CEO and founder of the unique media website Mashable.com which he started back in 2005. Pete has been lucky enough to appear in the Forbes Magazine’s 30 under 30 as well as getting a mention in the top 25 web-celebrities. There have been so many great reviews by so many large publishing brands and the brand itself seems to just getter better with time. The site now has over 10 million readers monthly, and is set to have even more by the end of the year.

www.mashable.com

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#11 Alexander Levin – Aged 25yrs

Worth an estimated $56 million

Alexander Levin Young Rich List – 30 Under 30 Internet MillionairesAlexander is one of the co-founders of the very popular image storing website ImageShack. Racking up a huge $56+ million fortune along the way, Alexander has done very well indeed. Starting the website back in 2003 after coming up with the concept in high-school, it is now one of the largest image hosting websites in the world. However Alexander was not alone in the creation of ImageShack and if it hadn’t have been for his older brother Jack, he might never have gotten the website onto the server! Well done boy’s, nothing like brotherly love.

www.imageshack.us

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#12 David Schottenstein – Aged 26yrs

Worth an estimated $52 million

David Schottenstein Young Rich List – 30 Under 30 Internet MillionairesDavid is the founder and CEO of Astor & Black, his main revenue is made from his 82 independent sales representatives, from all over America. Astor & Black is an online business which sells bespoke, original and very high quality evening, and business wear. David has his team of “Clothiers” who for a fair price, will come to your home and give you a unique style, enhancing your wardrobe so you look fit for the real world. This niche is obviously for very high end and very high maintenance type persons, but nonetheless he has made a large sum of money for what he does, and he does it very well.

www.Astor & Black.com

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#13 Sean Belnick – Aged 22yrs

Worth an estimated $50 million

sean belnick Young Rich List – 30 Under 30 Internet MillionairesSean Belnick first started his own business back when he was only 14yrs old, locking himself in his bedroom for almost three days, he emerged with what we now know as Bizchair. He began selling a few office chairs here and there, eventually gaining an employee until he finally got his sales down to a tee. He currently sells office furniture to the likes of Google, Microsoft, and many more. He is now worth an estimated $50 million. Not bad going,

www.bizchair.com

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#14 Tim O’ Shaughnessy – Aged 29yrs

Worth an estimated $45 million

tim oshaugnhnessy Young Rich List – 30 Under 30 Internet MillionairesTim O’Shaughnessy is one of the co-founders of the popular website Livingsocial.com, they are a social buying company, specializing in daily deals, across the western countries. The aim of the game is to offer as many people products and promotions for heavily discounted prices, very similar to the Group-on company. So far they have given thousands of deals on a daily basis to millions of happy customers, lets hope they can keep up with Groupon.

www.livingsocial.com

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#15Eddie Frederick – Aged 29yrs

Worth an estimated $45 million

eddie freerick Young Rich List – 30 Under 30 Internet MillionairesEddie, is the President and also the co-founder of Living social.com alongside Tim (above) they have managed to help countless people get amazingly good deals for products and services all over the western countries. With a massive turnover coming from advertisers as well as revenue from the sales of the products and services they dish out, it’s no wonder they are millionaires today.

www.livingsocial.com

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#16 Matthew Mickiewicz – Aged 26yrs

Worth an estimated $40 million

matt mickiewicz Young Rich List – 30 Under 30 Internet MillionairesMatthew Mickiewicz is one of the co-founders of the company Sitepoint, which many, many of you will already know. Sitepoint also runs the website 99designs which became an overnight success, reaping in millions of dollars for Matthew. Speaking of his success Matthew stated the idea of the whole business came about after becoming engrossed in website design and development. 11Yrs since the start of his career Matthew is still going strong and the businesses show no sign of slowing. Good on you Matthew.

www.sitepoint.com

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#17 Ryan Block – 28yrs

Worth an estimated $30 million

ryan block engadget Young Rich List – 30 Under 30 Internet MillionairesRyan was a regular kid from South California, when in 2004 he started working for Engadget as a part-time reporter, moving swiftly up the ranks Ryan managed to climb the ladder to the Editor-in-Chief position. In July 2009 using an approximate $550,000 investment Ryan created his business gdgt.com, along with some help. He know has thousands of loyal followers and answers a plethora of questions on the topic of gadgets. Not bad for a part-time reporter.

www.gdgt.com

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#18 Catherine Cook – Aged 20yrs

Worth an estimated $30 million

Catherine Cook Young Rich List – 30 Under 30 Internet MillionairesCatherine Cook is no stranger to the world of online social networking, in fact she helped create the industry at the young age of 18yrs with her highly respected website MyYearBook.com. Another self made millionaire, Catherine has made most of her money through advertising revenue from which the website is supported. If you have not been on the website, which is aimed at mostly under 18yrs from the US then check it out. Think Facebook mixed with Friends Reunited.

www.myyearbook.com

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#19 David Cook – Aged 22yrs

Worth an estimated $30 million

david cook Young Rich List – 30 Under 30 Internet MillionairesDavid is the older brother of Catherine Cook (above), and he has done amazingly well by helping build and develop the website. It’s funny to think that many of us have sibling rivalries and yet these to inspirational entrepreneurs pulled together to make a huge fortune for themselves. The site was initially funded by their older brother Geoff who was at the time (and possibly still is) a budding entrepreneur himself, it seems lending them the $250,000 for their idea was a successful leap of faith.

www.myyearbook.com

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#20 Ryan Allis – Aged 25yrs

Worth an estimated $28 million

ryan allis Young Rich List – 30 Under 30 Internet MillionairesRyan is the CEO and co-founder of the company icontact, the nature of the business is not unlike that of mailchimp. They provide marketing tools of the email variety and his efforts to further email marketing sales for himself and his clients has earned him a very nice amount of revenue. Able to boast over 50,000 clients globally, and with a best seller on the bookshelves entitled Zero to Million, Ryan is going places, fast.

www.icontact.com

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#21 Aodhan Cullen – Aged 27yrs

Worth an estimated $18 million

Aodhan Cullen Photo Young Rich List – 30 Under 30 Internet MillionairesNo he is NOT one of the vampires out of the Twilight series of films, though I bet he was a bit of a night owl whilst starting his business empire. Aodhan Cullen is the CEO of the online company StatCounter. If you don’t already know, StatCounter is a web analysis and statitics company that was founded in 1999 when he was a mere boy aged 16yrs. The website has had huge success and in mid-2008 the members tally had grown to a whopping 2 million (globally). Good stuff Aodhan.

www.statcounter.com

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#22 Susan Gregg-Koger– Aged 25yrs

Worth an estimated $15 million (combined)

Susan Gregg Koger1 Young Rich List – 30 Under 30 Internet MillionairesSusan Gregg-Koger is the CEO and co-founder of Modcloth.com, operating the site via her college dorm-room where she managed to process orders herself whilst keeping up with her academic classes, that’s hard work right there! Her website was designed by her then boyfriend (now her husband – below) and the site went from strength to strength and is going remarkably well even now. The site boasts over 300 designers all creating one-off unique garments for their customers, sounds great.

www.modcloth.com

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#23 Eric Koger – Aged 26yrs

Worth an estimated $15 million (combined)

eric koger Young Rich List – 30 Under 30 Internet MillionairesEric was the design expert behind the Modcloth.com website, andalso helped with the hosting side of things. Eric is still very much a part of Modcloth.com and helps with the design, working closely with other designers they employ to oversee things are how they want them to be. He also helps with the financial side of the business like budgeting and sales reports. He also takes some of the product photography from time to time. What a great pair they are.

www.modcloth.com

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#24 Rishi Kacker – Aged 24yrs

Worth an estimated $12 million

rishi Young Rich List – 30 Under 30 Internet MillionairesRishi is one of the co-founders of Voltage.com, a security based company, the nature of the business is the encryption and protection of online and offline data through the use of electronic devices. In other words they stop people stealing data and identities etc. Currently serving around 1,000 customers at the time of writing the company has gone on to very big things, and although Rishi is still part of Voltage.com it has since changed hands of ownership. Which has allowed Rishi to become very wealthy in the process.

www.voltage.com

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#25 Matt Pauker – Aged 24yrs

Worth an estimated $12 million

matt and Rishi Young Rich List – 30 Under 30 Internet MillionairesMatt was Rishi Kacker’s (above) business partner and another one of the co-founders of Voltage.com. The business started in 2002 and Matt is still there at the time of writing this. Matt has been involved with the design and architecture of the business and still gets deeply involved in all the processes which come with it. The company is now used by some of the biggest named brands and businesses in the world, and it is still growing. Matt was also named as one of the top 25 young entrepreneurs by Business Week as well as having been featured in numerous other highly respected publications.

www.voltage.com

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#26 Sean Whalen – Aged 28yrs

Worth an estimated $10 million

SeanWhalen Young Rich List – 30 Under 30 Internet MillionairesSean is a very physical entrepreneur and doesn’t mind getting in there, and really getting his pulse racing. Sean developed the AlterG treadmill, which is essentially a treadmill for use in anti-gravity. Why? Well besides it being a very good idea, it is perfect for those athletes or the elderly who have injured themselves. It allows you to train using only 20 percent of your natural body weight, which allows the user to develop strength much more adequately, safely and without causing any more pain than necessary. Did I mention Sean’s dad was a NASA research scientist? That must be where he got the idea. Brilliant.

www.alterg.com

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#27 Joshua Dziabiak – Aged 23yrs

Worth an estimated $9 million

jJoshua Dziabiak Young Rich List – 30 Under 30 Internet MillionairesJoshua started his first company, a web based hosting and design site aged just 15yrs, by the time he was 18yrs he had managed to grow the business to such a degree that he sold it for $1 million. Now that’s not bad by anyone’s standards, £1 million by the age of 18yrs from a company he started as a mere boy! Since then Joshua has managed to break through yet again and is now the CEO and co-founder of Showclix.com a ticket sales company that serves over 1,000 customers a year with over 1 million sales so far! It seems Joshua doesn’t know how to fail.

www.showflix.com

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#28 Aaron Levie – Aged 23

Worth an estimated $7 million

08 aaron levie pop 429 Young Rich List – 30 Under 30 Internet MillionairesAaron is the CEO of the website Box.net, for those of you that now of Box.net, here is one of the founders. Starting back in 2005 Aaron aged just 18yrs old created the website as a business project for college. The website came on in leaps and bounds through the college project and it was decided to bring the idea and project into the real world, Box.net was then officially incorporated that same year. The website business managed to gain capital from business “Angel” Mark Cuban, followed by some rather large sums of investment from third parties. The company aimed at helping businesses to share content and information internally and externally through their marketing and communication products and service.

www.box.net

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#29 Dylan Smith – Aged 22yrs

Worth an estimated $7 million

09 dylan smith pop 430 Young Rich List – 30 Under 30 Internet MillionairesDylan is the second in command at Box.net, and currently resides as the CFO there. Dylan has been the go-to-guy in a number of other various start-ups besides Box.net. Smith is the right-hand man of Aaron and focuses his efforts more towards the sales, management and budget side of the business. Together they have so far managed to raise nearly $15 million in funding for start-up corporations. I can see this pair are going to be hard to miss in the coming few years. Watch out.

www.box.net

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#30 David Karp – Aged 24yrs

Worth an estimated $5.5 million

david karp crop Young Rich List – 30 Under 30 Internet MillionairesDavid started the company Tumblr.com in 2007, with the aim to help anyone, share anything online. Sounds a pretty good idea, but who is actually going to use it? Well, 4.2 million of us is the latest estimation, so I think it’s not a bad idea at all. So far he has been handed $5.5 million in venture capital funding (so this personal fortune may now be more or less) and he has helped hundreds and thousands of users to share their content around the globe.

www.tumblr.com