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Successful Companies Founded By College Students




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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

1) Time

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.

2) Dell

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. 

5) Reddit

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.

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Entrepreneur Stories

Wharton Graduate Eric Tse Becomes Billionaire At 24




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Eric Tse, a Wharton graduate, was gifted $ 3.8 billion by his parents in the form of 2.7 billion shares of his parents’ company, Sino Biopharmaceutical Limited.

It was also reported along with the gift, Eric Tse was also promoted to the position of executive director at Sino Biopharmaceutical, after working at the Company for 1 year.  As the executive director, Eric Tse will have a salary of $ 498,000 annually plus bonuses.

Now, Forbes lists Eric Tse as the 546th richest person in the world.  Moreover, Bloomberg also reported the shares transferred to Eric Tse are equivalent to 21.45 % of the Company’s share capital. 

Tse Ping, Eric’s father, founded the billion dollar company Sino Biopharmaceutical in 2000 and serves as the CEO of the Company.  Cheung Ling Cheng, Eric Tse’s mother, also serves as the Vice Chairperson of Sino Biopharmaceutical. Theresa, Eric’s older sister, who is currently the Company’s Chairperson, owns 11 % of the Company. 

According to a statement released by Sino Biopharmaceutical, the shares were transferred to Eric Tse in an effort to refine the management of the Company and the inheritance of the family wealth.  The statement also added the board of directors believe the transfer of shares will not have any material impact on the business operations of the Company.

Eric Tse, who majored in Finance at the Wharton School of the University of Pennsylvania, was also the co founder of the Penn Wharton China Summit.  The non profit organisation grew to become America’s largest student organized summit in China.

Despite the sudden increase in wealth, Tse expressed his wish of not wanting to participate in wealth ranking

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Entrepreneur Stories

Huawei Unknown Facts




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Huawei is the world’s largest manufacturer of telecommunication equipment.  The Company was founded in 1987 by the 42 year old Ren Zhengfei.  Considered one of the world’s largest technology brands, Huawei was valued at $ 105.1 billion in 2018.  Here are a few unknown facts about this tech company.

Unknown facts about Huawei

1) Founder Ren Zhengfei came up with the name Huawei after coming across the phrase ‘Zhonghua youwei,’ which meant ‘China has promise.’ 

2) The name Huawei can be quite difficult for non Chinese people to pronounce.  Huawei is pronounced as ‘Waa wai,’ but Huawei’s pronunciation varies by countries.  This led the Company to launch a name recognition campaign, where they used “Wow way” to encourage a pronunciation closer to the actual one.

3) Huawei puts more focus on Research and Development (R and D,) with more than 40 % of the Company’s employees working in the R and D department. 

4) Huawei’s Ox Horn Campus is famous for its European style architecture.  Based in Guangdong, the R and D campus consists of 12 small ‘towns,’ modeled after famous European cities like Paris, Granada and Bruges.  The research buildings of every ‘town’ are a replica of popular castles, palaces and many more.

5) Huawei’s 5G tech played a big part in the world’s first remote brain surgery.  Dr. Ling Zhipei performed the brain surgery on a patient suffering from Parkinson’s disease.  The surgeon operated on the patient, who was 3,000 km away from him, by manipulating surgical instruments with the help of a computer and 5G network.  After the success, Dr. Zhipei credited Huawei’s 5G technology for ensuring a nearly real time operation.

6) In the tech industry, Apple is considered a direct rival of Huawei.  However, this rivalry did not stop Huawei founder and CEO Ren Zhengfei from using Apple products.  Zhengfei considers Apple’s iPhone the best phone in the world and revealed his family prefers Apple’s products over Huawei’s.


Did you find any of these unknown facts interesting?  Comment below and let us know.

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Netflix To Face Stiff Competition Soon




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Netflix, which has been enjoying the status of being the biggest streaming service in the world, will face tough competition, come November.  Netflix stayed ahead of many key rivals like Amazon Prime Video and Hulu, since its inception in 2010. However, with giants like Apple and Disney entering the streaming market, the streaming war is expected to enter a new phase by 2020. 

Tech giant Apple announced its own streaming platform called Apple+.  Apple+ will be made available from November 1st, 2019 in over 100 countries, with a minimal fee of $ 4.99.  With the promise of bringing fresh and original content, Apple is investing quite a lot of money in Apple+.

Similarly, Disney is also planning to launch its own streaming service on November 12th, 2019.  The streaming service will be available initially in the U.S., Canada, and the Netherlands, prior to its introduction to the rest of the world.  With its enormous list of popular movies and series like Star Wars and Pirates of the Carribean, the Disney streaming service is expected to give tough competition to others.  With a subscription fee of $ 6.99, Disney is planning to offer every Disney and Pixar animated movie within the first year of its launch. 

Moreover, Netflix is also facing competition from other streaming services like A&T’s WarnerMedia, which is planning to launch HBO Max in early 2020.  A&T also reclaimed the streaming rights of popular show Friends from Netflix.

With popular shows and movies leaving the platform, Netflix is also facing difficulty in acquiring actors, directors and producers in order to keep the audience interested. 

Despite facing such stiff competition, Netflix remained unfazed, with its CEO Reed Hastings stating, “Disney will be a great competitor.”  With so many new competitors entering the market in 2020, it will be interesting to see which online streaming service remains at the top.

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