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Mark Zuckerberg Life and Lessons

Ramya GovindRaj

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Technology genius and philanthropist Mark Zuckerberg recently donated almost 500 million dollars to the Chan Zuckerberg Initiative (CZI,) selling close to 685,000 shares in the last three days of February. The Chief Executive Officer of Facebook is one of the billionaires who pledged to give away 99% of their wealth to philanthropic causes.

The founder and creator of Facebook, Mark Zuckerberg has become one of the most influential people in the world, revolutionizing the way people communicate. Named as one among the 100 wealthiest and most influential people in the world by Time magazine, Zuckerberg became a billionaire at the age of 23 as a result of Facebook’s success. What started off in a dorm room in Harvard, today is the most used social networking site that made the world a smaller place.

Born in White Plains, New York on May 14, 1984, Mark Zuckerberg first developed an interest in computer programming when he was 12 years old. He is also a talented fencer and excelled in literature when he was in school. He created an early version of the music software Pandora in high school, named Synapse. In 2002 he enrolled at Harvard University and by his sophomore year became famous around campus as the go to software developer. The rest, as they say, is history.

Zuckerberg’s journey from developing a website just for the students of Harvard to dropping out of college and moving the company to Palo Alto, California has been a roller coaster ride. There are numerous lessons aspiring entrepreneurs can learn from Mark Zuckerberg.

Go big or go home
Nothing in life comes easily or on a silver platter. Hard work, dedication and devotion are the keys to success. Zuckerberg’s decision to drop out of college and move to California to pursue his dreams shows his dedication to his dream and his passion towards his work. It is OK to start small but be prepared to sacrifice anything to go big.

Trust yourself
Despite facing multiple lawsuits and multiple offers for a takeover, Zuckerberg held on to Facebook and his dream. Never doubt your abilities and stay relentlessly focused on your goal. Keep your head in the game, stick to your instincts and believe in what you are doing.

Do not let criticism get you down
For every one person willing to try something new, there will be ten critics telling them why they are wrong. Despite the negative criticism, stay focused on what you want to do in life. Most people will not be able to see the idea like you do or your vision for the end product.

Try new things
Unless and until you try it, you will not know if it does or does not work. Facebook is known for trying new features, scrapping out ones that do not succeed and trying something else. Make change a regular part of your company and keep upgrading your products.

Be unstoppable
Potholes are a part of the entrepreneurial journey. Do not let one small setback stop you from taking over the world. Facebook has been accused of spreading fake news, insensitivity and much more. However, Zuckerberg persevered and worked relentlessly to make his idea work even though there was always a risk factor involved.

If you’re still not inspired, watch this motivational speech by the man himself.

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SoftBank To Sell Off Entire Stake In Flipkart

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SoftBank Group Corp., a Japanese multinational conglomerate, is in talks to sell off its entire stake in Flipkart. In a recent announcement, SoftBank confirmed that it will sell its stake of 23.6 % in the e tailer giant Flipkart, post the Walmart acquisition.

SoftBank spokesperson stated, SoftBank confirms the sale of its entire stake in Flipkart to Walmart.

The CEO Masayoshi Son, said its investment in the Indian e commerce Flipkart, was worth around $ 4 billion. The SoftBank Vision Fund also invested $ 30 billion in startups, last year. At a recent press conference held in Tokyo, Masayoshi disclosed that SoftBank’s $ 2.5 billion stake in Flipkart which was picked up last year, would be now worth $ 4 billion if it chooses to exit the firm. As the SoftBank’s fund is registered in Jersey, USA, there is no Double Taxation Avoidance Agreement (DTAA) as a buffer. However, SoftBank has now decided to sell the stake and work out the tax issues. SoftBank was earlier in discussions as well in order to stay invested in Flipkart and delay the sale due to tax issues related to short term capital gains.

 

According to a source, Walmart’s price implies Flipkart’s operating losses over the 18 months starting in August would be close to $ 2 billion. The overall hit to Walmart’s earnings from the Flipkart deal, including Flipkart’s losses, will be between $ 2.5 billion and $ 2.7 billion.

In the next coming years, Walmart’s approach toward Flipkart’s financial activities is likely to be determined by its investors in the United States. However, Walmart’s stock fell by 4% on the day it announced the Flipkart acquisition.

The buzz is SoftBank is also looking forward to exploring other avenues since it is not willing to miss out on Indian e commerce industry. Walmart also claims that SoftBank’s decision of selling its stake in Flipkart, will not make a major difference to its future plans for Flipkart.

 

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Amazon India Is Now Worth $ 16 Billion!

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With a lot of mergers and acquisitions taking place in the business world, the United States based technology giant Amazon India, could be valued at $ 16 billion. This makes Amazon India, the second most valued e commerce in India followed by it’s rival, Flipkart. Citi Research revealed a report last week in which it said  Amazon India is expected to reach $ 70 billion in gross merchandise volume (GMV) and $ 11 billion in net sales by 2027.

The acknowledgment took place a week after the international retail giant Walmart, announced that it will acquire Indian e tailer Flipkart, with a 77 % stake. Post the acquisition, India’s largest e tailer Flipkart, now values between $ 20 billion to $ 22 billion.

Jeff Bezos, the Founder of Amazon, dedicated a whopping $ 5 billion for Amazon India services. In a recent shareholder letter, Bezos said the subscription service Prime added more members in India than in any other country previously. Bezos added in the letter that Prime Video is investing in Indian content in a massive manner.

Citi’s senior analyst Mark May and Hao Yan also noted in the report,

We believe that the India ecommerce market will grow at a 21% CAGR over the next ten years to reach a mark of $ 202 Bn, that Amazon could capture 35 % of this market and that the company could generate more than $ 10 Bn in revenue and nearly $ 1.5 Bn in FCF (free cash flow) by 2027.

The present valuation of $ 16 billion makes Amazon worth more than 170 companies in the S&P 500, including Clorox, Macy’s and Tiffany & Co.

According to a report by investment bank Morgan Stanley, Indian e commerce market is ready to fasten at $ 30 billion and is expected to be worth $ 200 billion by the year 2026. With e commerce market in India booming at an amazing pace, Jeff Bezos definitely looks dedicated toward enhancing  Amazon India’s infrastructure and growth by investing majorly in India.

 

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Oracle Unknown Facts

Smruthi Kishore

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Oracle’s ride to success has been fast, quick and inspirational. From being a data programming company to a power player in the cloud computing industry, Oracle has come a long way! While the company works at constantly repositioning itself with new inventions, here are a few facts you did not know about this cloud computing, multi faceted startup!

1. The beginning 

The company was started as a result of an CIA project codenamed Oracle. Larry Ellison liked the name Oracle so much, he stole it after the project was completed! Ironically, Oracle was also the name of ITVs latest service in the 1970s and the 1980s! Unfortunately, the first version of the Oracle failed miserably.

2. The second version was an instant success

With the first version of the software being such a disaster, there were quite a few expectations riding on Ellison and his team. Ellison simply renamed the first version as Oracle Version 2. Written in assembly language for the DEC PDP 11, a mini computer popular at the time with businesses and academia, it contained 128KB of memory.

3. Oracle’s first customer

Oracle’s first customer was Wright Patterson Air Base. According to Oracle, this sale was the first commercial version of relational database software sold on the market. However, it wasn’t until Oracle 7 in 1992 when the company finally managed to pull away from its rivals!

4. Oracle came back from a bust 

The pressure to grow, or at least appear to grow, was too high for Oracle. With so many mini Ellisons running around the place, the company started to fall to pieces. In fact, at one point, the company even thought of firing Ellison. Oops! However, they pulled through and clearly, they are now a force to be reckoned with!

5. Ray Len was Ellison’s key to success! 

Did you know that Larry Ellison would not have become a millionaire if it weren’t for Ray Len? In 1992, structure officially came to be when Len joined Oracle. He was responsible for single handedly creating the founding stone for Oracle 7!

With Oracle on the brink of becoming a truly enormous superpower, it is definitely worth looking into some unknown facts about Oracle. Comment and let us know if we missed out on any facts about Oracle!

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