Ideas are like magic. Either they work or they just fizzle out and die. The same concept works with startups as well. While some startups with supremely crazy ideas boom and leave you wondering about how that happened, others which should have succeeded, failed miserably. Today, instead of looking at the successful startups, here is taking a look at the ones which should have succeeded, but didn’t:
Touted to be one of the first social media websites in the World, Friendster failed to take off as well as Facebook. Founded in the year 2002, Friendster hit the ground running with $ 50 million as funding. The site was so popular, even Google wanted to buy the site for a whopping $ 30 million. However, Friendster got too confident and decided to reject Google’s offer, a move which is still considered as one of the biggest mistakes made by a startup. While the idea of connecting with friends and talking to people on a common platform was considered a novel and bright idea, Friendster failed because it refused to move with the trends. By not letting users share news, the site slowly started becoming irrelevant as people started growing bored of the simple tools. What also went against Friendster was, it was profile based and did not let you do things unless you went directly to a person’s profile. If Friendster had stuck to the trends and gone with the flow, it wouldn’t have fizzled out and disappeared so quickly. Oh well, at least other social media platforms are learning from Friendster’s mistakes!
Founded in the year 1998 by two childhood friends, GovWorks had all the right intentions, but was not worked on in the right way. Designed both to help the government keep track of its clients, and for the citizens to perform tasks like pay tickets online, apply for jobs and look for information regarding to the city in which they were, the startup grew from having just 8 employees in the beginning to 250 employees by 2000. However, because of major rifts between the two founding partners, the startup refused to take off. Furthermore, because of the founders’ inability to fix the constantly growing bugs, they had no option but to sell GovWorks in 2001. The lesson here? If you are mixing your professional and personal life, make sure you have a plan of action to not let things go bad.
Before the likes of BigBasket and other grocery delivery platforms became popular, WebVan started toying with this idea in the year 1999. Founded by Louis Borders during the dot com boom, the startup promised to deliver groceries to customers within a 30 minute time frame. Louis Borders and CEO George Shaheen believed in the online system so much, they jumped into the business with guns blazing. Despite buying warehouses full of produce, trucks to deliver the products and expensive computers to simplify the delivery process, the startup refused to make a mark. With people refusing to buy into the idea of ordering groceries online and because of the lack of internet everywhere, the owners had no option but to shut up shop in the year 2001. If they had waited for a few years later, they would have made quite a mark now!
4. Pay By Touch
While Paytm is perhaps one of the most used apps for online payment, it wasn’t the first startup of its kind. Founded in the year 2002, Pay By Touch allowed users to make online payments with the swipe of a finger on a biometric sensor. Innovative and one of the first startups of its kind, Pay By Touch rose quickly and even raised $ 340 million! However, despite doing extremely well, the Company started failing because CEO John P. Rogers was accused of domestic abuse and possession of drugs, amongst other charges. With so much bad press, the Company stopped doing well and in 2007, it had to be shut down.
Founded in 1995, WebTV was supposed to be a combination of the World Wide Web and television. Coming in the size of a VCR which promised to bring affordable internet to the living room without using a PC, WebTV grew so big, MSN bought it and renamed it as MSN TV in the year 1997. However, because of the lack of availability of broadband and the steep price of the device, the idea slowly started to die. While WebTV didn’t take off when it launched, companies like Xbox 360 and DVRs are using a similar principle now.
While each of these startups thought their ideas could work if done right, they all failed because they just couldn’t make it across the troubled waters. If you think we missed out on other startups like these, comment and let us know!
Interesting Facts About Google
Google, as we all know, is the world’s most popular search engine. Whether we need a solution to a problem, find the lyrics of a favourite song, or get a quick update about the weather, Google is the one stop solution for everything. Founded by Larry Page and Sergey Brin in 1995, Google, worth $ 748 billion in the market, is the third most valuable company in the world, after Microsoft and Apple. Here is a list of some lesser known and interesting facts about Google.
Interesting facts about Google
1) The founders of Google originally named the search engine ‘BackRub.’ It was then changed to Google in the year 1997.
2) The name Google originated by misspelling the mathematical word ‘googol,’ which is basically a 1 followed by 100 zeroes.
3) Larry and Sergey’s visit to the Burning Man Festival in Nevada resulted in the first ever Google Doodle on August 30th 1998. The doodle was a burning man stick figure and was added to the homepage to let people know they were out of office.
4) According to Alexa, Google is the internet’s most searched website. Well, this is not a shocker.
5) Google has a rotated version of itself called the Google Mirror. This version shows everything in a mirrored fashion. Have you ever tried this? If not, you can try it here https://elgoog.im/search/?q=hi.
6) Google handles over 1 billion search requests per day, using over 1 million systems. Apart from this, Google’s algorithm can analyze millions of pages in a second. This was just 30-40 pages in the initial years of its inception.
7) In 1999, Google founders wanted to sell Google to Excite for $ 1 million. Excite did not accept Google’s offer back then. Quite a regret!
8) Larry Page and Sergey Brin have their own runways at NASA’s Moffett Field airport. No other plane is allowed to land on their runways.
9) Google owns the rights to common mispronunciations of its name like Gogle, Gooogle, Googlr, etc.
10) Google employs the largest network of translators in the world and can translate more than 80 languages. Apart from this, Google earns 99% of its profits through advertising.
In 2000, Google became the world’s most popular search engine and ever since, it has adopted a unique style of doing things to keep things fresh and progressive.
Did we miss out on any other interesting fact about Google? Comment below and let us know.
Snapchat Facts You Probably Did Not Know
Snapchat is one among the most used apps in the world, second only to Facebook. When it first launched, people thought of it as a photo sharing revolution. The app, which originally started off as a person to person photo sharing app, now evolved to feature “Stories” which last for 24 hours and even discover where brands and influencers can showcase their content. Started by Evan Spiegel, Bobby Murphy and Reggie Brown, this app currently has up to 190 million active daily users. Apart from the cool filters and stories, about what else is this app? Keep reading to find out some interesting facts about Snapchat which you probably did not know.
1) Originally called Picaboo
When it first launched in 2011, Snapchat was called Picaboo and was exclusive only for iOS users. Later, in 2012, the app was renamed to Snapchat and was made available to Android users as well.
2) Try till you succeed
The founders, Evan Spiegel, Bobby Murphy and Reggie Brown tried and failed at 34 projects before coming up with the idea of Snapchat. Spiegel, in an interview, mentioned, the idea of Snapchat came up they were working on a college project at Stanford University.
3) 3.5 billion pictures and videos per day
As of 2017, approximately 3.5 billion pictures and videos were shared and viewed every single day on Snapchat. Yes, everyone loves Snapchat!
4) Drinks are the most shared pictures
Recent stats show, a large number of Snapchat users share photos of their drinks with their friends. A shocking 93 % of people have used Snapchat for this.
5) Women form the majority users
As of April 2019, women account for approximately 61 % Snapchat users, with men forming only 38 % of the user base.
Most of the users belong to the age group of 18-20 years.
6) Zuckerberg wants Snapchat
Mark Zuckerberg has been trying to acquire Snapchat for a while now, but in vain. Zuckerberg first offered a billion dollars for Snapchat and when he was rejected, came back with $ 3 billion dollars, only to face rejection again. His final offer of $ 4 billion was also rejected by Snapchat. Till date, Evan Spiegel remains adamant about selling Snapchat.
Which of these facts about Snapchat surprised you the most? Comment below and let us know.
WiFi Unknown Facts
The year is 2019 and today, every household has at least 3 devices connected to the WiFi. While WiFi is widely used all over the world today, Nikola Tesla actually theorized its possibility way back in 1929. If you thought you knew everything there was to know about WiFi, think again. Check out some cool facts about WiFi here:
1. WiFi doesn’t mean what you think it does
Despite common belief, WiFi doesn’t expand to mean Wireless Fidelity. When the word was first made public, it was designed as a logo by Wi-Fi Alliance in the year 1999. The moment WiFi came to everyone’s notice, people started drawing parallels to the similar sounding acronym hi-fi, which means high fidelity. Annoyed with the comparison, Alliance wanted the term to be dropped, but by 2000, Wireless Fidelity became so widely used, it was unwillingly accepted as WiFi’s expansion!
2. Strange devices used as WiFi hotspots
With WiFi being used by people all over the world with increasing frequency, records say, by the end of 2017, there would be close to 9 billion WiFi devices all over the world! Did you know, there is a strange list of devices which are used as hotspots across the globe? Ranking on the first position on this list is the Masaya Volcano, Nicaragua. This active volcano is commonly called Mouth of Hell and is the first of its kind to double up as a hotspot because close to 80 sensors were installed inside the volcano. Your phones really aren’t the only things which could be used as a hotspot, clearly!
3. You are the biggest WiFi blocker
Since WiFi runs by using radio waves, it comes as no surprise water doesn’t promote this software, right? If you expand that thought process a bit more, you are also a WiFi blocker because of the very same reason. Didn’t get this? Think again. Since 75 % of our body is made of water, the above theory stands tested, don’t you think? If you still don’t believe us, then sit between your router and computer. The moment you experience weak signals, you will know we are right!
4. Singapore has the fastest Wi-Fi connection
According to the 2018 World Broadband Speed League, Singapore has the fastest WiFi connection in the world. At 60.39 megabytes per second (Mbps,) the WiFi connection in Singapore is five times stronger than the global average of 9.1 Mbps. Yemen, on the other hand, is ranked 200th on the list and has the slowest Wi-Fi connection at 0.31 Mbps. You know where you should go for the fastest wireless connection in the world.
5. WiFi was created in Hawaii
While people still dispute this fact, Hawaii is said to be the birthplace of WiFi. Originally called AlohaNET, a computer networking system developed the initial wireless network at the University of Hawaii. However, this wasn’t given as much credit as it should have been because two decades later, NCR Corporation and AT&T Corporation invented WaveLAN, which is considered the true precursor to WiFi. In 1997, the first version of the IEEE 802.11 wireless protocol was released. If only the world accepted AlohaNET as the original WiFi. Sigh.
If you think we missed out on any other facts about Wi-Fi, comment and let us know!
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