Facebook and Google are the most well known examples of successful companies started by college students. However, there are many such businesses which began on college campuses and turned into successful and iconic companies. Here is a list of five such companies which were founded by college students.
Successful companies founded by college students
Time is a reputed American weekly magazine founded in 1923. Its founders, Britton Hadden and Henry Luce, were classmates at Yale University when they founded the Magazine, making Time the first weekly news magazine in the United States. Now, after 96 years since its foundation, Time is still a popular weekly magazine with a readership of 26 million worldwide.
Dell is a multinational computer technology company which develops and sells computer related products. The Company was founded by Michael Dell in 1984, while he was a student at the University of Texas at Austin. Michael Dell started his business from his dorm room and after making profits from it, dropped out of college to devote his time to build his company. The success of Dell Technologies Inc., made Michael Dell one of the richest people in the world, with a net worth of $ 35 billion.
3) The Onion
The Onion is a satirical digital media company which was conceived by University of Wisconsin students Tim Keck and Christopher Johnson in 1988. The duo initially started a satirical weekly magazine called The Onion, inspired by an onion sandwich. Short on funds just like many other college students, the duo began their business with a loan from Keck’s mother. The Company has grown from just a weekly magazine to a huge and beloved digital media organization.
4) Insomnia Cookies
Inspired by midnight cravings for cookies, Insomnia Cookies was founded by a University of Pennsylvania student, Seth Berkowitz. Berkowitz started baking cookies in his dorm room and started selling them to other students at his college. After the demand grew, Berkowitz branched to other campuses. Insomnia Cookies became a popular chain of bakeries in the United States of America and is present in over 150 locations nationwide.
Reddit was founded as a social news site in 2005 by the University of Virginia students and roommates Steve Huffman and Alexis Ohanian. The duo struggled in the initial days of the startup, before securing a funding from Y Combinator. Reddit gradually became a popular site and is adored by many because of its unique and interesting features. The site is now dubbed as the “front page of the internet,” with a net worth of $ 1.8 billion.
The success of these founders and their companies shows students with great potential can utilize the resources colleges provide and create a successful career for themselves.
The success story of which of these companies inspired you the most? Comment below and let us know.
Wacky Stories About Entrepreneurs
The world of business is quite serious and can seem intriguing at times. However, there are many people out there who proved entrepreneurs can have some really interesting personalities. Here is a list of four crazy things famous entrepreneurs have done.
Wacky stories about famous entrepreneurs
1) Nicolas Berggruen
Famous philanthropist and investor Nicolas Berggruen avoided buying a house for years. He preferred to travel and stay at various hotels all over the world. This unique lifestyle earned him the nickname of “the homeless billionaire.” However, Berggruen decided to settle down and bought a house worth $ 40 million in 2017.
2) Yoshiro Nakamatsu
This Japanese inventor is credited for inventing many things like the floppy disk, jumping shoes with leaf springs and a wig for self defense. He has more than 3,357 inventions to his name. In many interviews, Nakamatsu said underwater diving gives him the best ideas. He also claims to get best ideas when he spends time in his “calm room” made up of 24 karat gold. Nakamatsu also predicts he would live till the age of 144.
3) Steve Jobs
Steve Jobs, the brilliant mind behind the famous Apple Inc., was also a bit eccentric. He was known to be a perfectionist, however, he did many things which are considered crazy. He would soak his feet in toilets in order to relieve stress. At one point, he ate so many carrots, his skin turned orange. He also stopped taking showers after starting a meat free diet, as he believed the diet would help his body not to produce any body odor.
4) Robert Graham
The American entrepreneur, known for developing shatterproof plastic eyeglass lenses, was also an eccentric person. He reportedly opened a sperm bank for geniuses, where donation was expected only from Nobel Prize winners. However, the idea did not work out well.
Which of these crazy stories about famous entrepreneurs surprised you the most? Comment below and let us know.
Yakult Unknown Facts
Yakult, the famous Japanese probiotic drink, is the perfect example of how an invention turned into a commercial success. Invented in 1936 by microbiologist Minoru Shirota, the product has gained popularity worldwide. The product is sold by Tokyo based Yakult Honsha, which is known for its innovative marketing ideas. The Company is now worth $ 10 billion, making it one of the biggest food companies in the world. Here are some unknown facts about Yakult.
Unknown facts about Yakult
1) The meaning of Yakult is yogurt. The word is derived from the word ‘jahurto,’ which means yogurt in Esperanto, a language created by L.L. Zamenhof in 1887.
2) Despite being a famous and successful brand, the bottle of Yakult is intentionally kept small by the Company. According to the Company, the reason behind such a small bottle size is, the drink is meant to be consumed immediately and not be stored for a long time.
3) Yakult Honsha employs women known as “Yakult Aunties,” who go from door to door, selling the Company’s products. As women channel natural empathy towards family, the Company prefers marketing their products this way, despite having means to other marketing strategies.
4) Apart from health drinks, Yakult Honsha also sells instant noodles, pharmaceuticals and beauty products, all of which are meant to fight cancer cells.
5) Yakult is available in the same flavor in every country except one. People in Singapore have access to three kinds of flavors—grape, apple and orange. Moreover, the size of the Yakult bottle also changes in different countries.
6) Yakult manufactures a moisturizer called Yakult PARABIO AC Moisturizing Cream, which is priced at $ 1,000 per bottle.
7) There are various types of Yakult sold exclusively in Japan, each meant for a different organ of the body. The Company’s Joie drink is intended to keep the large intestine healthy, while the regular version of Yakult is meant for protecting the small intestine.
Which of these unknown facts about Yakult surprised you the most? Comment below and let us know.
Lesser Known Facts About Burt Shavitz
Burt Shavitz is the co founder of the famous American personal care brand Burt’s Bees. Known as the world’s most famous beekeeper, his face has been gracing every product of the Company since its inception. Here are some lesser known facts about Burt Shavitz.
Lesser known facts about Burt Shavitz
1) As a child, Burt Shavitz once cycled 100 miles from his parents’ home at Great Neck, N.Y., to Montauk Point and used jails as a way of accomodation. According to Shavitz, the idea of spending the nights in jails was his mother’s. The police would always inform his mother about his whereabouts and with her permission, let Shavitz spend the night on a prison bench.
2) Shavitz was a famous photographer in Manhattan, but abruptly left the city life and moved to Maine. Here he lived as a self described “high-class hobo” and did odd jobs to make a living.
3) Shavitz eventually started beekeeping after accidentally stumbling upon a beehive in the woods. At one point, he had 26 beehives and called them Burt’s bees.
4) Despite being a millionaire, Shavitz preferred to live as a recluse on his 40 acre farm in Maine.
5) He had a simple lifestyle and lived in a farmhouse which did not have any electricity. He did not have any clocks around his house and scheduled his days around the sun. He would get up at daybreak and sleep when it was too dark to read.
6) Despite being a recluse, Shavitz was an international celebrity and would go on foreign trips where he would be greeted by screaming fans wearing bee costumes.
7) While Shavitz remained unlisted in the phone book, his two golden retrievers Rufus and Pascha had their names listed. His dogs were his only companions in life and Rufus passed away in Shavitz’s arms. Shavitz would Skype with Pascha during his international trips.
8) He met his future business partner, Roxanne Quimby on the roadside when Quimby was hitchhiking.
Which of these unknown facts about Burt Shavitz surprised you the most? Comment below and let us know.
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