Entrepreneurship is often associated with students in businesses for themselves, whether they are selling homemade candles or starting a new business. The number of highly successful businesses started in dorm rooms in universities might surprise you.
The university is where some of the world’s leading companies were born and where multi-millionaires (and even billionaires) started their businesses.
There are many other highly profitable companies that are also making a significant impact on the world of business, such as Dell, Dropbox, Yahoo, and Microsoft.
1. WordPress Businesses
WordPress started back in 2003 at the University of Houston. During the transition from b2/catalog to the new platform, two students, Matt Mullenweg and Mike Little built a new platform based on the old platform. Many people all over the world have contributed to and supported the company over the years. Q:
WordPress is the most popular platform for creating a website online, and it’s the most popular blogging platform.
2. FedEx Businesses
Frederick W. Smith, a Yale University student, founded the company in 1971. who was 28 years old at the time. Originally, an overnight shipping service was proposed in Smith’s economics class.
He was right – a company that specialized in air freight would make an excellent business model rather than offering it as an addition to passenger service. In recent years, FedEx Express has become the world’s largest express shipper.
Smith used his father’s US$4 million inheritance to fund the company along with $91 million in venture capital. As a start-up, Smith lost a lot of money – $29 million in its first 26 months – but he persisted. By 1977, the company’s profits were a much better $8 million and had over 31,000 customers.
Steve Huffman and Alexis Ohanian from the University of Virginia, who wanted to create an application for sandwich orders, started this popular news, social networking, and discussion website. Y Combinator’s Paul Graham suggested they create the “front page of the internet” when they pitched their idea to him.
This was the birth of Reddit. They wanted to create an online bulletin board, which they did successfully using a series of weblinks and text submitted by users, with ‘interesting’ and ‘uninteresting’ buttons to encourage users to click.
By the age of 23, both friends had become multi-millionaires after selling the site to Condé Nast after 16 months. With over 430 million monthly active users, Reddit is now the 5th most visited website in the US.
Snapchat, the popular picture messaging app, was launched in 2011 by Stanford University students Evan Spiegel, Reggie Brown, and Bobby Murphy. As part of a product design course, Spigel first presented it as part of the product.
A user said that the app provided a unique opportunity to share awkward and funny pictures with friends, which could then be deleted, eliminating the need to remove embarrassing videos and photos before a job interview, as you would with apps like Facebook.
Spiegel described the company’s mission in a blog post in 2012: “Snapchat isn’t about capturing the traditional Kodak moment.”. “We want to be able to communicate the full range of human emotions, not just what looks pretty or perfect.”
Snap has 229 million active users every day, sending more than 4 billion Snaps each day, as of March 2020.
5. Time Magazine Businesses
In New York City, the American weekly news magazine was first published in 1923 by Briton Hadden and Henry Luce, who worked together as managing editor and chairman of the Yale Daily News.
Time Magazine was the first weekly news magazine in the US and is now one of the largest news publications in the world, with an audience of 26 million readers.
It began in a dorm room at Harvard University in 2004 when a group of friends wanted to connect with Harvard students online.
One of these friends, Mark Zuckerberg (Facebook’s CEO), created an online ‘hot or not’ game called Facemash, in which students. Could compare photos of their peers and pick the one they found ‘hotter’.
Harvard Administration quickly shut down the system when it became evident that Zuckerberg had hacked into the university’s security network. To steal the ID images.
Based on the printed version of Facebook distributed in 2004, the company was launched as Facebook. Students to help them identify their classmates.
Harvard University students were the first to join, but it soon expanded to other Ivy League schools and then to all US and Canadian universities.
The company that created the world’s most famous search engine was founded in 1996 by two graduate students. Students, Larry Page, and some other people. The job of showing Page around fell to Brin. he did so during Page’s graduate school search.
From their college dorm rooms, they developed the well-known search engine, and called it BackRub, because of the site’s ability. To check backlinks to estimate a website’s importance.
Google is a play on the word googol, which is a very large number (10 to the power 100). A Silicon Valley investor liked the idea and wrote the two students a check for $100,000 to start the business.
Google’s first office was in a garage in California, with a ping pong table and bright blue carpet a tradition. That Has survived to this day.
With its current value of over US$280 billion, Google is now the world’s most valuable company.
There are many successful student businesses. All of these businesses have different stories, but they all have one thing in common–they are run by students who have a passion for their work. These students have not let their age or inexperience hold them back; instead, they have used their creativity and determination to build thriving businesses. If you are a student with an entrepreneurial spirit, don’t be afraid to start your own business. There is no better time than now to turn your dreams into a reality.