Connect with us

Entrepreneur Stories

Steve Jobs: Man On A Mission

Ramya GovindRaj

Published

on

Millions of people around the world today are proud owners of Apple products, from smartphones to watches and laptops. The passion and creativity of one person has reached people in the corners of the globe, making Steve Jobs, the founder of Apple, one of the most influential people in the tech industry. Some say the founder of Apple lost his footing on his way to success. But, few will disagree that Apple lost its sense of direction and pioneering spirit without Jobs on the front line. Engineering one of the most amazing turnarounds of the 20th century, Steve Jobs cemented his name in history as an icon of American business.

Every Apple fan knows the story of how the son of a machinist with an interest in electronics set out to build a computer for every household sparking the personal computer revolution. However, there are still a few facts that are not common knowledge!

Here are a few lesser known facts about the one of the most inspiring entrepreneurs, Steve Jobs.

1. Apple
Jobs decided to name his company Apple on his visit to an organic farm to collect fruits. He was a fruitarian and his diet consisted of only fruits and fish. 

2. Apple’s typography and font
After dropping out of college, Jobs continued his education by informally auditing classes. One of those courses was a calligraphy course, which was instrumental in the future Apple products’ attention to typography and font.

3. Annual Salary
Jobs’ annual salary at Apple was only $ 1 annually. However, he was a majority shareholder of Disney stock after selling Pixar and held close to 5.5 million shares of Apple stock. 

4. Packaging
An entire team at Apple was dedicated to study the experience of opening a box. Jobs insisted on achieving the excitement and emotional response level that is now common with all the Apple products.

5. Patents
Close to 346 United States patents have been listed with Steve Jobs named as either the inventor or co inventor. Apple’s famous glass staircase is one such patented attraction that pulls passersby into the store.

6. Mentor
Steve Jobs acted as a mentor to Larry Page and Sergey Brin, the founders of the search engine giant Google. He even shared some of his advisers with the duo but was furious when Google went on to launch the Android operating system.

7. Pancreatic Cancer
When Jobs was diagnosed with Pancreatic cancer, he waited for nine months before undergoing surgery. He instead opted for an alternative medicine regimen, including a vegan diet, acupuncture and herbal remedies, even consulting a psychic.

8. Bill Gates
Although they were rivals for a majority of the time, Bill Gates and Steve Jobs hit it off while doing an event together for the Bill and Melinda Gates Foundation. Bill Gates even wrote a letter to Jobs about how Jobs should feel great about what he had done and the company he had built. Jobs appreciated the letter and kept it by his bedside.

9. Last words
Till date, no one has been able to decipher Steve Jobs last words which were “Oh wow, oh wow, oh wow.” Jobs spoke these last words on his deathbed while gazing over his family’s shoulders before passing away on Oct 5 at the age of 56.

10. Steve Jobs: The Man With A Mission
One of Steve Jobs’ most famous quotes is “I want to put a ding in the universe.” I think it is safe to say Steve Jobs managed to put more than just a ding in the universe!

Watch Steve Jobs inspire graduates and entrepreneurs to dream big and achieve their dreams in this motivational video! 

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneur Stories

SoftBank To Sell Off Entire Stake In Flipkart

Published

on

SoftBank Sell Off Entire Stake In Flipkart,Startup Stories,Startup News India,2018 Latest Business News,SoftBank Business Updates,Walmart acquisition,SoftBank funding,SoftBank CEO Masayoshi Son,Flipkart Stake

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.

 

Continue Reading

Entrepreneur Stories

Amazon India Is Now Worth $ 16 Billion!

Published

on

Amazon India Is Now Worth $16 Billion,Startup Stories,Startup News India,2018 Latest Business News,Amazon India Business Updates,Amazon India Funding News,Amazon Growing India Business,Amazon Founder Jeff Bezos,Amazon Worth,Indian Ecommerce Market

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.

 

Continue Reading

Entrepreneur Stories

Oracle Unknown Facts

Smruthi Kishore

Published

on

Oracle Unknown Facts,Startup Stories,Startup News India,Unknown Facts about Oracle,Mind Blowing Facts about Oracle,Interesting Facts about Oracle,Awesome Oracle Facts

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!

Continue Reading
Advertisement

Recent Posts