Tag Archives: entrepreneur

Jerry Yang – The co-founder of Yahoo! Inc.

Jerry Yang was born on the 6th of November 1968 in Taipei, Taiwan. He is a Chinese American entrepreneur and the co-founder of Yahoo! Inc. He styled himself as the Chief Yahoo! At the age of eight, he immigrated along with his family to the United States of America. They settled down at San Jose, California. His father passed away when he was just two years of age. It is quite surprising to note that Jerry knew just one English word ‘shoe’ when he arrived at USA. This is despite the fact that his mother was an English teacher!

Within a span of three years, Jerry learnt the language and he attained his graduation from Sierramont Middle School and Piedmont Hills High School. He also acquired his BS and MS degrees in electrical engineering from the Stanford University and became a member of the Phi Kappa Psi community too. During his study of electrical engineering, Jerry created an internet website with David Filo and named it ‘Jerry’s Guide to the world wide web’. This was later renamed as Yahoo! and as the duo realized the business potential of this venture, they founded the Yahoo! Inc. in 1995. It initially started off as a web portal accompanied by a web directory. Although, Jerry is no longer the CEO of the company, he is a member in the board of directors.

Pierre Omidyar – Founder of the eBay

Pierre Omidyar was born on the 21st of June, 1967 and is an Iranian-American entrepreneur born in France. His birth-place was Paris, France and his parents were Iranian immigrants. His father was a surgeon and his mother had earned reputation as an academic. The family immigrated to US when Omidyar was six years of age. He grew up at Washington D.C. and his interest in computers developed when he was at St. Andrew’s Episcopal School in Potomac, Maryland. He graduated in computer science from the Tufts University and soon after he began his career with Claris, a subsidiary of Apple Computers. In 1991, Pierre co-founded the Ink Development. It was a pen-based computing startup that later came to be known as e-commerce company and rechristened as eShop.

When Pierre was on a holiday weekend, he was busy developing the original computer code for what came to later known as eBay, the super-brand auction site. On the 4th of September 1995, Labor Day, eBay was officially launched. The services in the site were initially free but charges were introduced later on to meet the internet service provider expenses. In 1996, Jeffery Skoll joined the company and two years later, a public offering was launched and Pierre and Skoll both evolved as billionaires. Currently, the shares owned by Omidyar are an estimated $2.65 billion. The Omidyar Network with his wife Pam, is another of his achievements.

Stephen Girard – The one who saved the US government during the War of 1812

Stephen Girard was a Frenchman born on 20th May, 1750 and is still regarded as one of the richest and influential Americans of all times. He was a sailor, entrepreneur and philanthropist and a banker who had single-handedly saved the financial distress of the US government during the War of 1812. He had immigrated to America at an early age and from then on, he embarked on his enterprising nature and made good use of his entrepreneurial skills as he became a millionaire who had a say in the country’s financial status too.

Believed to be the fourth richest Americans of all times, Stephen Girard had his fortune estimated with the ratio of the prevalent GDP of the nation! Being childless, Stephen committed most of his wealth for the education and welfare of his orphans. Girard resided in Philadelphia and married in 1776.

The charter of the First Bank of the United States expired in 1811, and Girard decided to buy most of its stock, the building and its furnishings on the South Third Street in Philadelphia. He rechristened it as Girard’s Bank. He was the sole proprietor of the bank and hired George Simpson as the cashier along with seven other employees to embark on this journey towards becoming a millionaire. This was on 18th May, 1812. Later on, it merged with the Mellon Bank and a decade later purchased by Citizen’s Bank.

A story on how to ripen your profits – Chris Mittelstaedt

Here is a story on how The FruitGuys came into existence and currently earning the dividends of ripened profits. This is a business roughly worth $10 million and is owned by Chris Mittelstaedt. Chris was lucky to have been born to an entrepreneur family. His father was a pilot too and from him Chris learnt that it is always essential and beneficial if one is able to keep an eye out to note the early indications for trouble.

With the rapid surge of the online market portals, the regional fruit delivery business of The FruitGuys went for a slump. Chris incurred a personal debt of around $100,000. It was then that he realized that it was important for him to focus on the macroeconomic perspective. He restructured his business and introduced a stringent credit policy, more variations in costs and designed a national expansion. He dealt with the massive crates of produce, made the deliveries personally and today, he is enjoying the fruits of his labor.

Within a decade of its launch, The FruitGuys got engaged with the operation that involved delivery of superior quality produce to over 3,000 businesses across the nation. There is also a conscious attempt to endorse wellness in the community. It involves building athletic centers at offices, helping the low-income communities or collaborating with the farmers.

If you dream to become a millionaire, your idea of entrepreneurship should be characterized with a proper vision, something that you believe in.