That lack of fear when you’re younger can certainly help you to take the risks needed to launch that killer venture. Doing this in the Digital Industry though where you have to combine technical knowledge as well is an art form. So, we’ve put together 5 Young Entrepreneurs (young when they launched their business), spoiler alert we’ve left out Zuckerberg as that’s cheating.
1 – Catherine and Dave Cook
At 15 Catherine and her brother Dave started a website to Digitise High School Year Books called MyYearBook.com. The idea flew and they became Millionaire’s with the idea, the website became one of the top traffic sites in the US with over 1 billion-page views at its peak. The company merged with a Latino Social Media company in 2011 and still exists today as MeetMe.
2. David Karp – Founder of Tumblr
As David was entering his 21st Birthday, he founded the micro-blogging website Tumblr. Within two weeks of launching the site it had over 75,000 users. Despite backlash from its users David sold the company to Yahoo for a cool $1.1 Billion CASH. Oh, did we mention he and his original business partner came up with the idea during a two week break in between contracts……
3 – Peter Cashmore – Mashable
Peter founded the online news and blogging site when he was just 19 years old, living Aberdeenshire Scotland – not known for being a media hub. Peter became one of the UK’s top digital influencers by 2009 and decided to sell Mashable for a cool 50 million dollars in 2017 before stepping down full a few months ago in November 2018.
4 – Ashley Qualls – Myspace Designer
At 14 Ashley had a pretty cool myspace page, so cool that everyone kept asking her how she did it. After starting to share her templates she created the website Whateverlife.com to share online HTML codes and layouts so people could update their own. By the time she was 17 she had made over a million dollars, mostly through online advertising on her sites. In 2017 she was offered over a million dollars for her business but turned it down and instead focuses on growing her reach further.
5 – Ashkay Ruparelia – Doorsteps
Ashkay flipped the housing market on its head when studying his A-Levels. Instead of charging a % of the final house sale price, Ashkay created an online estate agent called Doorsteps which just charges a flat £99 fee. After its first year of business the company was valued at £12million and raised £400,000 of investment to continue its expansion. Saving his customers around £5,000 in fees Ashkay has also developed an online estate agent that people like working with, averaging a 9.7 score out of 10 on Trustpilot.
Editor for the Business Bible.
James took on the role in March 2019 and shares his vast experience of International Business and Trade. James was previously Director of an international events company in Manchester and still remains active in the events industry.