4 Startups Founders Who Bounced Back After Failing
The biographies and stories of successful entrepreneurs all over the world are entertainingly interesting. Inspired by them, we read lengthy articles, watched multiple videos, follow them on social media and try to follow in their footsteps. Here are 10 short, brief and extremely awe inspiring stories of the major tech entrepreneurs to set the fire in your belly ablaze.
Two PhD students, 1 research project and a garage.
Today, Google is worth more than $200 billion with 73K+ employees all over the world.
American multinational technology company that specializes in Internet related services and products was started in a garage as a research project. The first Google computer storage was built with Legos and Larry Page and Sergey Brin received their first contribution of $100,000 from Andy Bechtolsheim. At one point of time, Yahoo turned down the offer to buy Google for $ 1 million. Today, Google is worth more than $200 billion. Larry Page and Sergey Brin with a contribution from Andy Bechtolsheim, set up a system that checked backlinks to estimate the importance of a site.
2. Oyo Rooms
College dropout who handled 1 hotel in Gurgaon set up OYO (On Your On) Rooms.
From Oravel to Oyo Rooms, Ritesh Agarwal now runs a $ 25 billion company.
At the age of 17, Ritesh Agarwal was an irritated traveller not satisfied with the accommodation business in India and founded OYO Rooms for budget travellers offering affordable and standardized accommodation. Ritesh Agarwal is considered to be one of the youngest entrepreneurs of India.
Thirty Rejections. Never wrote a single line of code. Now worth $ 40.2 billion.
Alibaba founder, Jack Ma, was rejected from 30 jobs, even from KFC before he founded one of the largest e commerce platforms in the world. Jack Ma founded Alibaba in his apartment and without a single outside investment. Now, Jack Ma is the wealthiest persons in China and Alibaba now stands second only after Walmart in terms of revenue generated through sales. Alibaba now gives stiff competition to other platforms like Amazon and Zomato, with a large foothold on the ecommerce front.
Was sued, and had to file for bankruptcy. Now has cabs all over the world
Travis Kalanick wanted to be a spy growing up. He founded three different companies before Uber came into existence. He even had to file for bankruptcy under Chapter 11. Now, Uber is one of the largest cab providers and operates all over the world with professional ease.
Started off with a global goal. Failed to succeed. Excelled locally
Swiggy was founded by three aspiring individuals, Sriharsha Majety, Rahul Jaimini and Nandan Reddy, in an attempt to bridge the gap between customers and restaurants. Ordering food has always been a hassle. Swiggy was created as a means to solve this hassle. Today, it stands as one of the strongest competitors to Zomato, an international food ordering platform.
Two Founders, 2 Users. Now, more than 1 billion users.
Instagram, the photo sharing app was created in the year 2010 and from then, it boasts of having over 400 million registered users and around 600 million daily app visitors. More than 80 % of users are outside of the US and around 18 million are in the United Kingdom alone. In fact, the Instagram logo has become so popular, it has now become synonymous with “pop culture.”
3 friends launch a flop app, relaunch Pinterest in 2010. Now, one of the largest online museums.
The idea for Pinterest started way back when Ben Silbermann was growing up in Iowa. Ben used to keep a collection of dried leaves on a wall and this became the foundation for Pinterest. Eight years after founding Pinterest, a website for virtual collectors, Ben Silbermann and Evan Sharp are the youngest tech innovators to join the Forbes Billionaires list.
A serial entrepreneur. A vision. Now stands at a personal worth of $ 3.2 billion
Fondly known as the founder of LinkedIn, Reid Garrett Hoffman is an active entrepreneur, venture capitalist and author. The reason for its vast popularity is the fact that LinkedIn adopted the multi sided platform, a system which lets people use the service depending on the different categories. Through network intelligence and by understanding individual needs, LinkedIn has managed to become one of the most widely used platforms.
Tried taking down Ebay. Failed! Now runs one of the largest ecommerce platforms.
Jeff Bezos, the founder of Amazon, realised early on in life there was a serious dearth of the kind of things available over the internet. He started off by making a list and very soon realised that books were the obvious choice to sell first. It instantly became a success and at present, Amazon has the monopoly over the online retail market with a hand in every different thing it sells.
A college dropout. Started Facebook in a dorm room. Now, over 2 billion people use it daily.
Ever since he was a child, Mark had a huge and extensive need to study computers. Facebook came into play when Mark was in his sophomore year at Harvard and since then, there was absolutely no turning back. At present, Facebook is one of the largest social media platforms. By buying out Instagram and WhatsApp, Facebook is currently used by over 2 billion people all over the world.