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4 Startups Founders Who Bounced Back After Failing



4 Startups That Bounced Back After Failing,Startup Stories,2018 Latest Business News,Entrepreneur Stories 2018,Successful Startup Entrepreneurs,Who Bounced Back After Major Failures,4 Entrepreneurs Bounced Back After Failure,Greatest Comeback Stories in Tech History

Failure is a part of life, maybe even a bigger part of the business. If fear of failure is holding you back, take inspiration from the stories of these successful startup entrepreneurs who bounced back after major failures.

Apple has one of the greatest comeback stories in tech history. Founder Steve Jobs was fired from his company in 1985. Apple found itself operating at a loss, as it inched towards failure. In the 12 years that followed, in need of a new approach, Apple hired back Jobs in 1997 and he scored a partnership with Microsoft to invest $150 million in the company. A year later, the company introduced the iMac and for the first time since 1995, returned to profitability. The rest, as they say, is history.

Also known as the real life Iron Man, Elon Musk’s Tesla and SpaceX both hit cash shortages just as the economy was tanking in 2008. SpaceX applied for a contract with NASA as its last hope to bail itself out and it won. The $1.6 billion contract has kept Musk’s space dream afloat.

At the same time SpaceX was crashing, Tesla was burning through about $4 million every month. Musk predicted SpaceX would win the deal and keep both of his space and car dreams alive. He took out a mortgage from SpaceX and scrounged around for $20 million. After a cliff to his investors, they agreed to meet the $20 million he raised, and the deal closed on Christmas Eve in 2008, hours before the company would have gone bankrupt.

Musk, who nearly went bankrupt launching Tesla Motors and rocket company SpaceX, is now worth more than $20 billion.

Evan Williams introduced “blogging” to the world when he launched Blogger in 2000. However it came without a business model, and a year later, Williams found himself out of cash and had to lay off the entire staff. Without any employees, Blogger dangled from a thin rope as Williams tried to find ways to make money out of it and turn it into a real challenging company. By late 2002, Google acquired the website for a reported $50 million. 13 years later, Blogger is alive even today. As for Williams, he did just fine cofounding Twitter and then Medium.

In the early 1990s, technology major IBM was on a downward spiral, with plans in place to break the company into several smaller operating units. Lou Gerstner took over the company in 1993 and started one of the greatest business turnarounds in tech. After huge layoffs and putting cash through marketing assets, Gerstner put the obstacles on the plan to break up the company and united everyone under one IBM. It worked, and the company survived.

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Entrepreneur Stories

Facebook Facts That’ll Flip You Out!

Startup Admin



Facebook Facts That’ll Flip You Out,Startup Stories,2018 Latest Business News,Best Motivational Stories,Facebook Founder Mark Zuckerberg,Most Pioneering Sites of Social Media,Hidden Facts about Facebook,10 Fascinating Facebook Facts,Featured

Mark Zuckerberg founded Facebook as a means of connecting people to one another via the Internet. While Facebook is perhaps one of the most pioneering sites of social media, there are a lot of hidden facts about one of the largest online platforms. Today, we bring you ten things you probably did not know about this platform!

1. No blocking. 

You can block literally anyone except for the Mark Zuckerberg. Why would you want to, anyway?

2. Talk like a pirate

Have you ever wanted to talk like a Pirate but did not know how? Then worry not because Facebook gives you the option of changing your language to Pirate! A win here for sure!

3. No privacy! 

Facebook has access to all your online browsing. Yes. Even after you sign out! Next time you check in somewhere, think twice. Because, Big Brother is watching!

4. The first face

Zuckerberg has a quirky side to him. How do we know? The first face of Facebook was Al Pacino! It was placed on the top left side of the screen!

5. Like the Awesome

The word “like” was thought to be subtle for Facebook and the team wanted to initially call the like button the “awesome” button. What do you prefer? To be awesome or to be liked?

6. Not just a random colour 

Did you know Facebook is blue in colour because Mark Zuckerberg is primarily colour blind? He can’t see the colours red and green. The next best option? Red + Green = Blue!

7. Oh China! 

China doesn’t believe in International social media. The country has blocked Facebook, Twitter and Instagram for almost a decade now. In fact, since the year 2009.

8. The mother of all divorces 

According to reports, a third of all divorce filings in the year 2011 in the United States listed Facebook as a cause.

9. A slap for the internet 

A blogger was so sick of Facebook, he hired a woman to slap him every time he got on Facebook. Now that is perseverance in its true form!

10. Death. Oh death. 

To make things morbid, Facebook has around 30,000 million profiles of people who have passed away. Talk about morbid.

Facebook is clearly more than just being your average social media platform, with its fair share of the dark side and the good side. Let us know if you think there are other strange facts we missed here!

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Life Lessons To Be Learnt From Indra Nooyi

Smruthi Kishore



Life Lessons To Be Learnt From Indra Nooyi,Startup Stories,Latest Motivational Stories,2018 Best Startup Stories,Life Lessons CEO World's Largest Corporations Indra Nooyi,7 Great Leadership Lessons From PepsiCo's CEO Indra Nooyi,3 lessons from Indra Nooyi,Valuable Business Lessons from Pepsi CEO Indra Nooyi

Apart from being a wife and a mother, Indra Nooyi is first and foremost known as the CEO of one of the largest companies, PepsiCo. Here are a few great life lessons to learn from the woman who dared to dream.

1. Everyone needs a vision 

When Nooyi became the CEO of Pepsi, she didn’t start off with the idea of changing the face of the company. She started off with a bigger vision for the company and then built towards achieving the goal. This is why it is important to have a vision first and then plan the process out.

2. Listen carefully 

According to Indra Nooyi, listening is perhaps the most important thing. There are always people with ideas for how we can do things differently – ideas we may not want to hear. This is where listening plays a huge role in your life. The next big idea could just be the result of listening, who knows!

3. Ensure that culture isn’t affected  

Where you come from is your defining factor. Even if you move from place to place, ensure your culture remains the same wherever you are.

4. Be a student for life 

Keep learning all your life. The world is always evolving and there is no limit to the information you learn. Let the student in your life always be alive and your life will have new meaning.

5. People are everything 

Growing up, Indra would always see people come to her mother and appreciate her for the good job she had done in raising Indra. These things always had a huge impact on her and she realised the relationships you build growing up have a strong impact in your life.

While not everything comes with just dreaming, these life lessons from Indra Nooyi really help getting things into perspective, making life a memorable experience.

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The Flipkart Success Story

Smruthi Kishore



The Flipkart Success Story,Startup Stories,Entrepreneur Stories 2018,2018 Latest Business News,India Most Popular E-Commerce Site Flipkart,Journey of Flipkart,Startup Funding News,Flipkart Founders Sachin Bansal and Binny Bansal,Largest Online E commerce Flipkart,Amazing Success Story of Flipkart

Flipkart is perhaps India’s largest home grown e commerce platform today and it has quite a success story to its name. Founded in the year 2007 by Sachin Bansal and Binny Bansal, this platform was founded with a meagre Rs. 6,500 as a startup fund.

Both were Amazon techies working at creating the next big thing. Little did they know that the idea was just around the corner. Bored with their mundane jobs, Sachin and Binny wanted to create a search engine dedicated to e commerce websites. However, they soon realised that there were very few websites of this kind and this when they came up with something like Flipkart.

They left their jobs in the hopes of shaping the future of e commerce in India at a time when this field was steadily growing. Both of them loved books and founded Flipkart as a platform that catered to book lovers. Want anything, Flipkart made it available. In fact, that is what Flipkart means: Flipping things into the cart. A couple of months into the business, they realised they had a larger target audience to tap.

In the first few years of its existence, Flipkart raised funds through venture capital funding. As the company grew in stature, more funding arrived. Flipkart repaid the investors’ faith with terrific performances year after year. In the financial year 2008-09, Flipkart had made sales to the tune of Rs. 40 million. This soon increased to Rs. 200 million in the following year.

When Flipkart launched, e commerce websites faced one major problem, that of online payment gateways. Back then, not many people trusted paying on the internet. Flipkart tackled this problem by introducing cash on delivery and payment by card on delivery in addition to others. Flipkart was the first to implement the ‘Cash On Delivery’ facility, which every online shopping website in India offers as an option today.

Over the years, as faith was established in Flipkart’s business and easy delivery processes, the acquisitions became higher and the rewards became larger. With Sachin Singh as the Chairman of the company and Binny Singh as the CEO, Flipkart stands as the largest online e commerce platform in the country. Walmart is in talks to invest in this online platform and once the investment goes through, Flipkart and Amazon will stand neck to neck. What started off as only a platform for books has now become a platform for pretty much anything from technology to stationary!

Flipkart managed to open the doors to an e commerce friendly India and this was only possible because of the founders who created and not just thought. A true success story like this doesn’t come too often and when it does, it makes sense to stand up and notice.

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