This isn’t an article to show you the dramatic journey these entrepreneurs went through. It’s to show you that nothing comes easy, even with the world’s greatest ideas.
Each of these people did something they believed in, and they changed the world. They created something that you yourself didn’t know you needed. Life was perfectly normal before the personal computer and Facebook. We would normally go on with our lives, not knowing that there’s something missing. They knew there was something missing.
Steve Jobs saw that there was an opportunity to change the world while sitting with his co-founder Steve Wozniak. It was just another day when the two young men were sitting there trying to make a change. Jobs saw that the personal project Wozniak was working can change the world; and he was right. Jobs didn’t waste a second, he quickly took initiative. He took Wozniak, got in the car, and went to their first conference to pitch in their idea. It went terrible, but Jobs never lost hope.
“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.” – Steve Jobs
He got his first deal with a small computer shop and sold 50 boards of the apple computer. Soon enough after hundreds of rejections, an investor showed up. At that point everything changed for Apple. Like any other company, Apple had its ups and downs. Somehow Jobs always had a solution and was one step ahead of everyone.
Today, with every product introduced by Apple, the need of having it grows in you. Whether you look at the iPod, iPhone, or iPad, each has a unique feature that holds it above similar products of competitors.
Gates and his cofounder Paul Allen had a vision – a computer on every desktop in every home. Sure enough, it happened. Gates believed so much in his vision to the point that he dropped out of Harvard. I’m not saying drop out and pursue your dreams, things were different back then.
At the time Gates wanted to start Microsoft, the market had an emerging trend of personal computers. Aside from the business tactics he used, there was something unique about the birth of Microsoft. They looked at the market needs, saw what was available in the market, and did a better job of providing it. Some might argue that Microsoft stole the ideas of their competitors. This is very incorrect. When I see a product being provided in a certain way and I find a better way, that’s innovation, not stealing. This is just the argument of the loser in the battle. Never has there been a penalty for success.
This is a great lesson to learn, you see something, find a better way, and do it. You don’t have to be the smartest one around to see that a product can be clearly done in a better way. Believe in yourself.
“I studied everything but never topped, but today the toppers of the best universities are my employees.” – Bill Gates
The smartest jerk you’ll ever come by. Mark was a genius who always wanted things being done his way. You as a user see Facebook as a really successful company. Well ya it is, but you don’t know what goes on behind the curtains. From the financial side, Mark’s cofounder provided finances. Mark was a true entrepreneur that made decisions on the spot, even if it included making a financial decision without the presence of his cofounder.
The start of Facebook is a very controversial topic that will never end. For the sake of argument, let’s put morals and ethics aside. We’ll make it quick so we can talk about entrepreneurship. Facebook saw an opportunity to grow and it took it. Mark issued millions of shares. As a decision maker, he saw that it was necessary to dilute the share of the cofounders. Regardless of who lost his share, more cash is now flowing in the company.
Now back to entrepreneurship. Facebook launched in 2004 as a simple social network in Mark’s university. Quickly gaining popularity, Facebook started spreading across various educational institutions. As of 2006, Facebook was open to any user with a registered email. With international popularity growing over the years, and investors pumping the company with cash, Facebook hasn’t yet made a penny.
It wasn’t until September 2009 that Facebook decided it’s time to monetize the company, taking advertising as their method. Needless to say, the plan was successfully implemented and all advertisers around the world are benefitting from it.
What you have to focus on is the fact that Mark waited five years before monetizing Facebook. This was no coincidence. Facebook waited to have those millions and millions of users to make sure that the moment they move to the next phase, they are going in at a low risk. It was the first time that Facebook announced a positive cashflow in the company.
Mark is now the world’s youngest billionaire. As I said earlier, he’s the smartest jerk you’ll ever come by. Although it wasn’t given to everyone, his business card said: