Lessons every entrepreneur should learn from Masayoshi son.

 

Masayoshi son, currently Japanese’s second wealthiest man has been inspiring everyone with his strategies ever since the dot com crash. His company Softbank, Japanese Multinational Telecommunications and Internet Corporation, and has operations in Broadband, Fixed-line Telecommunications, E-commerce, Internet, Technology services, Finance, Media and Marketing, and other businesses. Son recently stepped down as the president of softBank and appointed Indian born Nikesh Arora(47) as the president and chief operating officer paying him a jaw dropping salary of JPY 16.5 billion (USD 135 million). His salary stands Rs.120 crore per month or Rs.4 crore a day. Son is presently world’s 75th billionaire with a personal wealth of $13.3 billion according to Forbes (as of august 2015).

 

  1. Start early: Son made his first money out of his pocket when he moved to California and started several businesses at the age of 16 and used his technical skills to invent and patent a device which he sold it to SHARP later at the age of 20 for $1 million. Son used to think in an entrepreneual way at a very young age he used to think of at least one entrepreneurial idea a day. He started his company at an age 23 though which is not too young to start with, but with the economic and political conditions in japan during the age it was indeed a brave act. In addition to its operations in Japan, Softbank today has affiliates in the United States and Korea. SoftBank’s one of the greatest acquisitions was Sprint Nextel Corporation in 2013 though which is not yielding great results yet it is considered as one the greatest acquisition by Softbank for $21.6 billion which holds about 78% stake in the company. SoftBank is a key investor in major Indian companies like Ola, Snapdeal and housing.com.

 

masayoshi quote

  1. Have big friends: Masayoshi son has many of the revolutionary friends which include Jack Ma and the Steve jobs. Being a good investor, Son is a longtime friend and partner of Jack Ma, founder of Chinese  e-commerce website Alibaba. Son is presently the largest stakeholder. Alibaba’s record setting IPO last year made Son the richest in Japan. When IPhone was introduced into the world Son solely had rights to market it in Japan. This is because Son is a close friend to Steve jobs. When son met jobs for the first time he gave his idea to turn iPod into an iPhone Jobs was impressed with his idea and became good friends after that. He gave him the right to sell the phone exclusively in Japan. This move made iPhone top selling devices in japan and a study said that more than half of the competitor DoCoMo’s customers had switched to the network which sell iPhone.

 

masayoshi friends

 

 

3. I’m a human. So, I want to be number one: Masayoshi Son once quoted this as an answer to the reporter which impressed everyone. Son is truly number one when it comes to investing. Son’s company Softbank has been a key investor in most of the leading companies such as Zynga, Yahoo!, Huffington post, Snapdeal, Alibaba, housing.com and many more. He also started Yahoo! broadband in September 2001 with Yahoo! japan. He predicts India and China would be the leading competitors in the next 25 years and hence he eyes Indian companies. Son also has a good hand in philanthropy works like most of the other billionaires. He donated 10 billion yen after the earthquake and tsunami which hit Japan in 2001. He also owns pepper, a humanoid robot and only one such company to exist.

 

4.  Best of all never give up: Have you heard of the dot com crash and how much did Masayoshi son lost due to that? Son lost a jaw dropping 70$ billion due to dot com crash. He also noted that he was richer thanSoftbank-1 bill gates for 3 days before the dot com crash. Just before the crash, Son announced his intention to pay $15 billion USD in cash for Vodafone Japan, in order to compete with the government owned NTT DoCoMo network. The market responded negatively and Softbank stock deteriorated. Then the dot com bubble crashed. Softbank lost 99% of its market cap (it went from $200 billion to $2 billion) and operated at a $1 billion annual loss for several years.

 

 

 

references: hbr.org , fortune , forbes , bloomberg .

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How do facebook,uber,airbnb and alibaba make money?

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Didn’t this info graph question you how are they making their banks full and investors happy at the same time ?

 

Let us find out here.

 

Alibaba

No one ever thought a school teacher from china would become fourth richest Asian and one among in the planet man. Yes, JackMa it is. His giant Chinese e commerce startup is now pouring millions into Ma’s account after a jaw dropping IPO setup in America. Alibaba is now valued of $228 billion which exceeds amazon and eBay. Alibaba is as a mix of Amazon, eBay and PayPal with a Chinese touch  it has different companies under it to serve different people like Alibaba.com(a platform for sales and purchase of whole sale goods)-usually changes money from the retailers and also subscription costs annually. Taobao (for local shopkeepers and customers)-all sales/purchases are done for free unlike alibaba.com but they generate revenue through advertising in their website. Tmall (an online store of international brands) they charge from customers directly because the customers are high profiled and are able to pay.

Apart from this they get their income through several sources such as

Alipay, an online payment system similar PayPal

Juhuasuan, a flash sale site similar to Groupon (GRPN)

Alibaba Cloud.  ComputingAliwangwang, an instant messaging serviceLaiwang, a messaging application competing with Tencent’s WeChat

Large stakes in Sina Weibo, the Chinese equivalent to Twitter, and Youku Tudou, the Chinese version of YouTube

A film business, a football team, and a mutual fund

27944473-1411994410537971-Ruthy-Yao

 

Uber

 

Travis Kalainck’s San Francisco based 40$ billion cab company is among the 50 smartest companies of 2015. Uber is a smartphone ride sharing app that connects potential customers to a dedicated cab drivers. Drivers for this company utilize GPS or similar navigational technology to locate clients and determine the best route to both retrieve these clients, and to deliver them to their desired destinations. These clients then share a ride in the vehicle as they are driven to their requested drop-off locations. Uber makes its money primarily by charging clients for their rides, much the same as a taxi, although it also derives advertising revenue from its website. Unlike a taxi service, the hiring of the driver/vehicle and the payment for the reserved ride is handled entirely through Uber rather than with the driver. Uber is known for its high prices though these prices depict the timely and luxurious service they provide. Uber roughly charges 20% of the fare depending on its variants like uberX, taxi, black, SUV, and lux. Uber is now in around 136 countries. Uber recently announced that its drivers earn more than the traditional cab drivers i.e. a rough $6 more than them .They also stated that its drivers own around $90k every year but many criticized these statements as uber won’t pay for the car’s maintenance, gasoline, insurance and the car itself and should be paid by the driver himself.

iaube

 

World’s 50 most innovative companies by MIT:

 

 Captur8e

 

Facebook

Social networking sites like Facebook do make a lot of money. In fact they charge money directly from your pockets. It gets its own revenue from advertising and non-advertising means. Advertisers are attracted by two key things on Facebook; firstly, its massive reach with around 1.2 billion monthly active users, and secondly the ability to target ads with “relevance” based on the information individuals share with the website. Revenue from advertising was $2.96 billion, representing an increase of 64% over third quarter 2013 advertising revenues. Revenue from mobile advertising was 66% of overall revenue and was up 49% from third quarter 2012 mobile advertising revenues. Revenue from payments and other fees were $256 million, representing an increase of 13% from the same quarter in 2013.

Non-advertising revenue on Facebook comes from payments for games on the site, mostly for games made by Zynga. The social network game development company is responsible for games such as CityVille, FarmVille, Empires & Allies and ZyngaPoker. One of the most popular Facebook games FarmVille allows users to harvest a virtual farm by planting and growing crops and trees, and buying livestock. Gamers are given virtual coins to set up their farm and they earn more from matured crops. But gamers who are eager to progress through the game can buy extra virtual coins with real money. Facebook takes a 30% cut of Zynga’s revenue, and a roughly similar cut from other companies.

 

Captur3

 

Airbnb

 

Founded in 2008, Airbedandbreakfast.com by Nathan Blecharczyk, Brian Chesky and Joe Gebbia is among the fastest growing companies ever. Airbnb is a website for people to rent out lodging headquartered in San Francisco, California, the company is privately owned and operated by Airbnb, Inc. It has over 800,000 listings in 33,000 cities and 192 countries. Users of the site must register and create a personal online profile before using the site. Every property is associated with a host whose profile includes recommendations by other users, reviews by previous guests, as well as a response rating and private messaging system. Airbnb is currently values upto 2.5$ billion. It is believed that its revenue would cross 20$ billion mark in 2015.It has its own revenue model by charging the fees from the guests before they check-in i.e. after they are done with the reservation and paying back the amount after taking their commission to the hosts 24hrs after the guests checkout. The primary source of Airbnb’s revenue comes from service fees from bookings Depending on the size of the reservation, guests are required to pay a 6% to 12% non-refundable fee. Airbnb also charges hosts a 3% host service fee.

 

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The table above says that Airbnb almost hit $4 billion in gross booking for 2014, on a revenue estimate of around $423 million, and that the revenues will cross the half billion mark, to about $675 million by end of the year, a

big 55 percent jump over last year.

Airbnb is the second most valuable travel startup, ranking behind Uber’s $41 billion valuation. Airbnb closed a $475 million round in April 2014 at a $10 billion valuation. It has raised nearly $800 million since its founding in 2008.

 

references: forbes , business insider , ft ,investopedia , moneymorning.com .

housing.com

housing.com is a Mumbai-based real estate search portal which allows customers to  search  for  housing  based on geography, number of rooms, and various other filters. The company has 6,000 brokers and serves 40 cities in India including Mumbai, Bangalore, Kolkata and Delhi.

 

housing.com has been in the news for a quite long time. So why is it? Let us find out the reasons.

 

IIT-B gold rush with an interesting flashback:

housing.com team

housing.com team

Housing dot com is a brain child of twelve IIT Bombay students though only nine of them exist in the company now.

story

  • Rahul, the CEO of housing.com along with few others came down to Mumbai for further studies in IIT B and had a hard time finding an accommodation.

 

  • They spent a month on the roads of Mumbai searching for a decent accommodation but couldn’t.

 

  • After a long and tiring search they found a house near the IIT-B campus, Powai.

 

  • Since they had a good network of potential clients among their IIT friends and batch mates, they become brokers and made INR 1-2 lakhs a month within a short period of time.

 

  • So they thought it’s time for national expansion. But they lacked extensive local knowledge of different cities and states. So a well-planned map-based portal, “housing.co.in” was made open for public in June 2012. “If something doesn’t exist, build it yourself, and if it doesn’t work, move on” – Rahul Yadav, CEO, housing.com to Forbes India Magazine.

 

 

Big funding’s –

 

Housing.com has raised four rounds of funding since its founding in 2012. The company raised $2.5 million in Series A funding from Nexus Venture Partners in June 2013. The company used the funds to create its Data Science Lab and to expand to four cities: Bangalore, Gurgaon, Pune, Hyderabad The company raised another $19M in venture funding, led by Helion Venture Partners, in April 2014. Softbank have led a $90 million investment in Housing.com along with Falconedge and other investors in December 2014. Housing.com closed two undisclosed rounds of funding in February and March 2013. The rounds were led by Network18 CEO, Haresh Chawla, and Zishaan Hayath, the co-founder of Chaupaati Bazaar.

 

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Stupendous spending’s –

Housing dot com spent around 1$ million for a domain and  a number 03-333-333-333 and always been in the news for the lavish parties organized.

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The spat

Mr.Rahul Yadav the controversial CEO of housing.com had a spat with Sequoia India MD Shailendra Singh and accused him of poaching his fellow members to join his venture capital as analyst. Yadav wrote a mail to Singh calling him ‘inhuman and unethical’ which was later leaked on Quora

 

“Dude, I just came to know you personally are completely after Housing’s employees and are brainwashing them to open some stupid incubation. If you don’t stop messing around with me, directly or even indirectly, I will vacate the best of your firm,” Yadav said in the email referring to Singh as ‘dude’.

 

While the letter was subsequently removed from Quora, Yadav went on to pour out more aggression on the

spat

spat

Q&A based networking platform: Here’s a screen screenshot.

although  it is very common in the valley industry to attract the employees and hire them which housing itself has done many times.

 

Mr.Rahul’s resignation letter and letter his dramatic recall –

 

Rahul gave a shocking resignation letter accusing all the board members lack intellectual capability to build the company.

Here’s the letter:

Dear board members and investors, I don’t think you guys are intellectually capable enough to have any sensible discussion anymore. This is something which I not just believe but can prove on your faces also!

I had calculated long back (by taking avg life expectancy minus avg sleeping hrs) that I only have ~3L (hours) in my life. ~3L hrs is certainly not much to waste with you guys!

Hence resigning from the position of Directorship,Chairmanship and the CEO position of the company. I’m available for the next 7 days to help in the transition. Won’t give more time after that. So please be efficient in this duration.

Cheers,

Rahul

 

But after a meeting with the board Rahul took the resignation letter back and apologized the board and he wished to work for the betterment of the company

here is a screen grab from your story

back

back

 

He gives away his stocks to the employees-

 

Rahul Yadav gave away his personal shares worth Rs.150-200 crore to the employees of Housing.com who number 2,251.

Yadav justified the surprise move, saying he is “just 26 and it’s too early in life to get serious about money etc.

1432113505-304_Rahul-Yadav-2

 

Finally CEO uploads his new dp :D-

334449-rahul-yadavfacebook

 

 

Rahul yadav is called as a controversial kid for all these reasons.

references: housing.com, economictimes, wikipedia ,timesofindia

 

Now that’s half a Trillion USD on my home screen.

trillion dollar home screen

trillion dollar home screen

Dropbox:

Net worth-10$billion

 

“Good things happen when you stuff lives here” this is what Dropbox says isn’t it cool?!,.Dropbox is a file hosting service operated by Dropbox, Inc. that lets you bring all your photos, docs, and videos anywhere, and share them easily. Any file you save to your Dropbox will automatically save to all your computers, your phone or tablet, and the Dropbox website. Dropbox also makes it easy to share with others. And if your computer melts down, you can restore all your files from the Dropbox website with a couple of clicks. Dropbox was founded in 2007 by MIT students Drew Houston and Arash Ferdowsi, as a startup company from the American seed accelerator Y Combinatory. Dropbox provides client software for Microsoft Windows, Mac OS X, Linux, Android, iOS, BlackBerry OS, Windows Phone and web browsers, as well as unofficial ports to Symbian and MeeGo.

 

 

Tinder:

Net worth-5$billion

 

Tinder is an online dating app which was founded by Sean Rad, Justin Mateen and Jonathan Badeen that matches couples based on their physical attraction to one another. It alerts you to other Tinder users who fall within a specified age range and gender and are within a certain distance of your location, and it lets you know whether you have any mutual friends. You decide whether or not you like the look of a person: if you do, great; if you don’t, they’ll never know. If you’re both interested then Tinder’s messaging function offers you a virtual private location in which to chat and get to know each other better. It’s very much like being introduced to the hot friend of a friend in a bar, but it removes the clumsy, drunken matchmaker and the get you one who matches your personality.

 

Airbnb:

Net worth-2.5$ billion

 

Airbnb is a website for people to rent out lodging. It was founded in August 2008 by Nathan Blecharczyk, Brian Chesky and Joe Gebbia and headquartered in San Francisco, California; the company is privately owned and operated by Airbnb, Inc. It has over 800,000 listings in 33,000 cities and 192 countries. Users of the site must register and create a personal online profile before using the site. Every property is associated with a host whose profile includes recommendations by other users, reviews by previous guests, as well as a response rating and private messaging system.

 

 

Instagram:

Net worth-35 billion

 

It is a fun and quirky way to share your life with friends through a series of pictures. Instagram was created by Kevin Systrom and Mike Krieger, and launched in October 2010. The service rapidly gained popularity, with over 100 million active users as of April 2012 and over 300 million as of December 2014.Instagram is distributed through the Apple App Store, Google Play, and Windows Phone Store. You can snap a photo with your mobile phone, and then choose a filter to transform the image into a memory to keep around forever. The service was acquired by Facebook in April 2012 for approximately US$1 billion in cash and stock. In 2013, Instagram grew by 23%, while Facebook, as the parent company, only grew by 3%.It is said to be the most profitable acquisition in Silicon Valley by Mark Zuckerberg.

 

 

Snapchat:

Net worth-19 billion

 

Snapchat is a video messaging application created by Evan Spiegel, Bobby Murphy, and Reggie Brown, then Stanford University students. It is the current world’s fastest growing apps making its founders billionaires in fact Evan Spiegel is the youngest to enter billion dollar club. Using the application, users can take photos, record videos, add text and drawings, and send them to a controlled list of recipients. These sent photographs and videos are known as “Snaps”. Users set a time limit for how long recipients can view their Snaps after which they will be hidden from the recipient’s device and deleted from Snapchat’s servers. According to Snapchat in May 2014, the app’s users were sending 700 million photos and videos per day, while Snapchat Stories content was being viewed 500 million times per day. This is a substantial amount especially when the average amount of photos taken per day is 1 billion, this means that half of all photos taken is from the Snapchat app. The company has a valuation of $10–$20 billion depending on multiple sources.

 

WhatsApp Messenger:

Net worth- 35$ billion

 

WhatsApp Messenger is a cross-platform mobile messaging app which allows you to exchange messages without having to pay for SMS. WhatsApp Inc., was founded in 2009 by Brian Acton and Jan Koum, both former employees of Yahoo!. The proprietary, cross-platform app uses the Internet to send text messages, images, video, user location and audio media messages. WhatsApp has more users in India than any other country in the world. In January 2015, WhatsApp was the most globally popular messaging app with more than 800 million active users. In April 2015, WhatsApp reached 800 million active users. WhatsApp Inc., based in Mountain View, California, was acquired by Facebook on February 19, 2014, for approx. US$22 billion.

 

LinkedIn:

Net worth- 20$ billion

 

LinkedIn is a business-oriented social networking service. Founded in December 2002 by Reid Hoffman and founding team members from PayPal and Socialnet.com and launched on May 5, 2003, it is mainly used for professional networking. In 2006, LinkedIn increased to 20 million members. As of June 2013, LinkedIn reports more than 259 million acquired users in more than 200 countries and territories. The site is available in 24 languages, including Chinese, English, French, German, Italian, Portuguese, Spanish, Dutch, Swedish, Danish, Romanian, Russian, Turkish, Japanese, Czech, Polish, Korean, Indonesian, Malay, and Tagalog. As of 2 July 2013, Quant cast reports LinkedIn has 65.6 million monthly unique U.S. visitors and 178.4 million globally, a number that as of 29 October 2013 has increased to 184 million. In June 2011, LinkedIn had 33.9 million unique visitors, up 63 percent from a year earlier and surpassing MySpace.

 

 

Pinterest:

Net worth- 11 billion

 

“Discover and save creative ideas” this is what pinterest does. It is a social curation website for sharing and categorizing images found online. Pinterest categories include architecture, art, DIY and crafts, fashion, food and drink, home décor, science and travel. Users can add a “Pin it” button to their browser and then select and “pin” online images to virtual pin boards, which are used to organize categories. Clicking on an image will take you to the original source, so, for example, if you click on a picture of a pair of shoes, you might be taken to a site where you can purchase them. An image of blueberry pancakes might take you to the recipe; a picture of a whimsical birdhouse might take you to the instructions. Users can browse or search for image content and can follow the boards of other users and can “like” or repin other users’ pins. Pinterest was founded by Ben Silbermann, Paul Sciarra and Evan Sharp. The Pinterest service launched as a closed beta in March 2010. Pinterest membership was initially by invitation-only but is now open to the general public. In 2011, TechCrunch selected Pinterest as the year’s top startup, and Time magazine named it as one of the top 50 websites of that year. As of January 2012, the site had 11.7 million users.

 

Facebook:

Net worth-231.6$ billion

 

Facebook is a popular free social networking website that allows registered users to create profiles, upload photos and video, send messages and keep in touch with friends, family and colleagues. It is headquartered in Menlo Park, California. Its website was launched on February 4, 2004, by Mark Zuckerberg with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. The founders had initially limited the website’s membership to Harvard students, but later expanded it to colleges in the Boston area, the Ivy League, and Stanford University. It gradually added support for students at various other universities and later to high-school students. Now it has over 1.44 billion monthly active users as of March 2015. Due to the large volume of data users submit to the service, Facebook has come under scrutiny for their privacy policies. Facebook, Inc. held its initial public offering in February 2012 and began selling stock to the public three months later, reaching an original peak market capitalization of $104 billion. As of February 2015 Facebook reached a market capitalization of $212 Billion.

 

Twitter:

Net worth-32.9 billion

 

Twitter is an online social networking service that enables users to send and read short 140-character messages called “tweets”. Registered users can read and post tweets, but unregistered users can only read them. Users access Twitter through the website interface, SMS, or mobile device app. Twitter Inc. is based in San Francisco and has more than 25 offices around the world. Twitter was created in March 2006 by Jack Dorsey, Evan Williams, Biz Stone and Noah Glass and launched by July 2006. The service rapidly gained worldwide popularity, with more than 100 million users who in 2012 posted 340 million tweets per day. The service also handled 1.6 billion search queries per day. In 2013 Twitter was one of the ten most-visited websites, and has been described as “the SMS of the Internet. “As of May 2015, Twitter has more than 500 million users, out of which more than 302 million are active users.

 

references: wikipedia , forbes , business insider.

Greek debt crisis explained!!

Greece is currently in the toughest situations it has ever faced .All its economic policies are in vain.It is also described as the greatest depression in the world economy. This also raised a million dollar question of Greece leaving the Euro zone.

greece crisis explained

 

 

Why is Greece in trouble?greece_crisis_crush_the_euro_822375

Europe is a continent of trade barriers, wars, tariffs and different currencies. Doing business across borders was difficult. The European Union (EU) formed made it easy for doing business. In 1999 euro became a single currency among different countries which included Greece and the countries accepted to the become a part of Euro area with European central bank (ECB).

 

When it comes to Greece, its spending is always high far more than its earning even before it joined the euro. After it adopted the euro its spending increased drastically. The government also made huge debts for paying 2004 Athens Olympics. So, after years of overspending, its budget deficit – the difference between spending and income – spiraled out of control and the government gave up.

Moreover much of their borrowings were concealed. When the global financial downturn hit – and Greece’s hidden borrowings came to light. This continued and debt level reached the point where the country no longer able to repay them and was forced to ask for help from its European partners and the IMF in the form of massive loans.

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Measures taken to help Greece

In May 2010, the European Union and IMF provided 110bn euros of bailout loans to Greece to help the government pay its creditors. As this wasn’t enough a second bailout loan of 130bn euros was also agreed this year. They also agreed to replace existing loans with new loans at a lower rate of interest.

However, in return for all this help, the EU and IMF insisted that Greece embark on a major austerity drive involving drastic spending cuts, tax rises, and labor market and pension reforms.

countries most exposed to Greece crisis

But many commentators believe that even the combined 240bn euros of loans and the debt write-off will not be enough.

629Greece Bailout

recently appointed Greece financial minister-Yanis Varoufakis

Why was austerity measures needed?

If austerity measures slowed the Greek economy and made it more difficult to repay the debt, why were they needed? First, ratings agencies wanted to make sure Greece wouldn’t just take on new debt to pay off the old.

Second, Germany and other EU leaders had successfully used austerity measures to strengthen their own economies.

By following the austerity measures, Greece improved how it managed its public finances and its financial statistics and reporting. It also reformed its labor market and pension system, and lowered trade barriers.

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What happens if Greece quits the euro zone?

Greece is on the opinion of quitting euro zone which they earlier joined in 2001 and led to the crisis but now if they abandon the euro and stick back to the previous currency drachma it could get rid of this hated austerity measures and could print its own currency. Thereby lowering its exchange rate value of its debt. This could have bad impact on the investors and many banks could go bankrupt.

A homeless man begs at the central Syntagma (Constitution) Square in Athens     poor1

current situation in Greece.

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What happens if Greece fails to clear the debt?

A Greek default would have a more immediate effect. First, Greek banks already on the edge would go bankrupt. Next, losses would threaten the solvency of other European banks, particularly in Germany and France. Even worse, the EU’s central bank (ECB)  holds a lot of Greek and other sovereign debt. If Greece defaults, it could put the future of the ECB at risk. Other indebted countries might decide, or be forced, to default. Without a central bank to bail them out, the EU itself may not survive.

article-0-0CA3848600000578-679_468x286

 

people on riots over the government due to crisis

 

references: bbc , ft times,greekcrisis.

7 most influential entrepreneurs alive today.(part-2)

Larry Page & Sergey BrinGoogle

Larry Page and Sergey Brin founded Google, the Internet search engine in September,1998.  Since then the company has become the most successful dot-com company in the history. It has grown to More than 40,000 employees worldwide, with a management team that represents some of the most experienced technology professionals in the industry. Together they own about 14 percent of Google’s shares today. They incorporated Google as a privately held company on September 4, 1998 with an initial public offering followed on August 19; 2004.Google also has a big name in acquisition industry. On an average Google acquires more than one company per week since 2010.Some of the most successful acquisitions are YouTube, Motorola, Android, Makani power, titan aerospace, DeepMind technologies and double click. Google now is the world’s 3rd most valuable brand following apple and Microsoft and has a market capital of $382.47 billion according to Forbes.

google heros

Travis kalanickUber

Started in 2009 Uber’s co-founder and CEO Travis kalanick made his company a juggernaut in the start-up industry. Uber currently became the most successful start-up in the world which revolutionized the cabbing industry. Uber currently has its service in nearly 53 countries and 200 cities worldwide. Uber was initially founded as “UberCab” by Travis Kalanick and Garrett Camp in 2009 and the app was released the following June. It raised $49 million in venture funds by 2011. Beginning in 2012, Uber expanded internationally. In 2014, it experimented with carpooling features and made other updates. It continuously raised $2.8 billion in total funding by 2015. Uber has a cut above the rest. It’s now valuated at $41.2 billion after Xiaomi ($46 billion).

uber owner

 Arianna Huffingtonmedia

Arianna Huffington is a Greek-American author and syndicated columnist. She was the co-founder and editor-in-chief of The Huffington Post. She was a popular conservative commentator in the mid-1990’s, after which, in the 1990’s, she became a liberal. She is the former spouse of former Republican congressman Michael Huffington. In 2009, Huffington was named as number 12 in Forbes first-ever list of the ‘Most Influential Women in Media’ and also 52nd most powerful women in the world. In 2011, AOL acquired The Huffington Post for US$315 million and made Huffington President and Editor-in-Chief of The Huffington Post Media Group, which included The Huffington Post and then-existing AOL properties such as AOL Music, Engadget, Patch Media, and StyleList. She currently has a wealth net worth of $50 million.

Arianna-huffington

Donald Trumpreal estate

Donald Trump is a real estate mogul and a billionaire. He is the chairman and president of The Trump Organization and the founder of Trump Entertainment Resorts.Trump’s extravagant lifestyle, outspoken manner, and role on the NBC reality show ‘The Apprentice’ have made him a well-known celebrity who was No. 17 on the 2011 Forbes Celebrity 100 list. Despite being declared bankrupt in 1990, Trump has rebuilt his fortune and is currently thought to be worth around $4.1 billion.Trump’s most expensive deal was with a tech entrepreneur Sanjay shah in which trump tower penthouse was sold for $17 million in fact this the Chicago’s priciest residential real estate transaction. Trump filed corporate bankruptcy four times, in 1991, 1992, 2004 and 2009 although they were companies bankrupt and  not his personal bankruptcy which didn’t affect his place in the Forbes billionaire list.

donald trump

Jeff Bezosamazon

Jeff Bezos is an American business magnate and investor, person who redefined e-commerce and the Owner of the world’s second largest e-commerce. He is a technology entrepreneur who has played a key role in the growth of e-commerce as the founder and CEO of Amazon.com, an online merchant of books and later of a wide variety of products. Under his guidance, Amazon.com became the largest retailer on the World Wide Web and a top model for Internet sales. In 2013, Bezos purchased The Washington Post newspaper. As of March 2015, Bezos’ personal wealth is estimated to be US$34.8 billion, ranking him number 15 on the Forbes list of billionaires. Though Bezos had a tough time in the recent years but he always remains as the Master in e-commerce industry.

jeff

Evan SpiegelSnapchat

Evan Spiegel is the world’s youngest billionaire ever. Evan is the CEO of Snapchat, the temporary photo messaging company he co-founded with Bobby Murphy in 2011.Evan and murphy initially named the photo sharing app as Picaboo but later named it as Snapchat. The app took off in the fall of 2011 and is now used by 100 million people monthly, for free. Evan in recent years,reportedly turned down a $3 billion offer from Facebook but in Feb., 2015 company received offers that would value it at $19 billion. Spiegel sees a big future for his company.It is estimated that Evan holds a rough 15% stake in his billion dollar company.Evan personally worth of $1.5 billion according to Forbes.

Evan-Spiegel

Masayoshi sonsoft bank

Masayoshi son is the richest person in Japan. He is the founder and CEO of SoftBank Corp. It is a Japanese telecommunications and Internet corporation, with operations in broadband, fixed-line telecommunications, e-commerce, Internet, broad media, technology services, finance, media and marketing, and other businesses. Son is known as the CEO who list $70 billion in a day because of dot-com crash in late 2000 before conquering the world. Masayoshi Son makes brash statements. He’s a celebrity with the most Twitter followers in his home country. Son was named the world’s 45th most powerful person by Forbes Magazine’s List of The World’s Most Powerful People in 2013.He is also a noted philanthropist. In 2011, Masayoshi Son pledged to donate 10 billion yen ($120 million) and his remaining salary until retirement to help support victims of 2011 Tohoku earthquake and tsunami. He is now worth of $13.7 billion according to Forbes.

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7 most influential entrepreneurs alive today.(part-1)

on bizblock by a click!

references: forbes , business insider , Bio. ,Wikipedia.

10 quotes from Warren Buffett that’ll make you Wiser.

 

Warren Buffett is undoubtedly the most intelligent investor in the world. He is the chairman, CEO and largest shareholder of Berkshire Hathaway which is the fifth largest public company in the world that gave him success. Buffett is world’s fourth richest billionaire despite of giving away billions of dollars in philanthropic events. Buffett is a notable philanthropist; having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation.He was the most successful investor of the 20th century. In 2013 Warren earned an average of $37 million a day making $12.7 billion in a single year. He was ranked as the world’s wealthiest person in 2008 and as the third wealthiest in 2011. In 2012 Time named most influential people.

 

“Rule No. 1: never lose money; rule No. 2: don’t forget rule No. 1”.warren-buffett-featured

 

“Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway”.

 

“Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant”.

 

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price”.

 

“Be fearful when others are greedy. Be greedy when others are fearful”.

 

“Honesty is an expensive gift. Do not expect it from cheap people”.

 

On investing: “do not put all the eggs in one basket”.

 

“It is not necessary to do extraordinary things to get extraordinary results”.

 

“Never test the depth of river with both the feet”.

 

“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”

 

7 most influential entrepreneurs alive today.(part-1)

Bill Gates:

Bill Gates is an American business magnate, philanthropist, investor, computer programmer, and inventor. He is known as the co-founder of world’s largest pc software maker Microsoft along with his friend Paul Allen. Today he is consistently ranked as the world’s most wealthiest person in the world. Gates found out the world’s wealthiest charitable foundation “bill & Melinda gates foundation” with assets reportedly valued more than US 35$ billion .Gates is currently the world’s 7th powerful person and richest person alive today with a net worth of US 79$ billions.

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Mark Zuckerberg-

Mark Zuckerberg is the co-founder and CEO of Facebook a social networking site. Mark co-founded Facebook along with four of his friends. In 2012 Facebook hit 1 billion users throughout the world making Zuckerberg one of the youngest billionaire on the planet at the age of 23.His greatest acquisitions was instagram which was bought for 1 billion and now it is worth a 35 billion (according to Citi group).In recent years mark acquired many companies like Oculus VR, whatsapp and the instagram.He was the most 2013’s most charitable philanthropist. He is now worth a us 34$ billion according to Forbes.

Mark-Zuckerberg.

 

Howard Schultz:

He is who revolutionized the coffee industry .Coming from a poor family Schultz became one of the wealthiest person in America with his company Starbucks. His story is a rags-to-rich fairy tale. Starbucks is now the largest coffeehouse company in the world with 21,160 stores in 63 countries and territories, including 12,067 in the United States, 1,570 in China, 1,451 in Canada, 1,070 in Japan and 793 in the United Kingdom. He is also the former owner of Seattle supersonic’s a professional basketball team of America and a member of board of directors at square.inc. According to Forbes Schultz is Americas 287th richest person (as per 23rd Jan, 2015).

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Ted turner:

He is nicknamed as “media mogul”. Ted is the founder and owner of the CNN (cable news network).CNN was the first television channel to provide 24-hour news coverage, and was the first all-news television channel in the United States. He is also the owner of MGM productions, TNT(turner network television),all time kids favorite channel Cartoon Networks and a philanthropic company-turner foundations. He was listed as in the Forbes 400 as the 277th richest person in United States.

TED TURNER

Larry Ellison-

Larry Ellison is the co-founder of the second largest software company Oracle. Oracle being the only software used by all major tech. companies pushed Ellison to top 10 billionaires of the planet. Ellison also had success in yachting, through BMW Oracle Racing, and is a licensed aircraft pilot who owns two military jets. He brought the America’s cup back to united states on 2010.Ellison is the 57th most powerful people,3rd wealthiest in the world with a net worth of $54.9 billion(by Jan 2015).

 

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Elon musk:

Genius, Billionaire, Playboy and a Philanthropist! He is the real ironman. Musk came into light with his revolutionary and life changing companies. He is currently the founder of three major companies-Tesla, SpaceX and the SolarCity. Musk initially made his fortune by co-founding the PayPal and sold it at 1.2$ billion to eBay. Musk also have a new concept which he calls it as the hyper loop and can transport people from San Francisco to Los Angeles in less than half an hour lesser than the time takes by the commercials planes using pressurized tubes. He is one of the most influential people alive today.

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Richard Branson:

He is an English businessman and investor best known as the founder of virgin group which was initially founded in 1970 and now it has more than 400 companies. He owns his own island ‘Necker’ which is a 74 acre island in the British Virgin Islands just north of Virgin Gorda. Branson is also known for his sporting achievements and holds a record of crossing the Atlantic by a hot-air balloon. He is the author of six books including his latest, Like a Virgin: Secrets They Won’t Teach You at Business School. Richard is now worth of 4.9$ billion according to Forbes.

Richard Branson in front of a Virgin plane

 

references: Forbes , the verge , business insider, biography.

The Satyam scandal

The Satyam computers services scandal is touted as the biggest accounting fraud in India done by the chairman Satyam Ramalingaraju and his family members. This scandal came into light when Ramalingaraju confessed that the companies accounts were falsified which caused loss to the investors to the tune of Rs.14,162 crores. 

ramalinga-raju

 

The Satyam story

Satyam computers were established in the year 1987, by Byrraju RamalingaRaju who came from a farming family. Satyam computers was counted as the fourth largest Indian IT firm by revenue when, in January 2009, founder-chairman B. RamalingaRaju confessed to having Misstated the company’s earnings to the tune of Rs.7,136 crore (1.47$-billion dollars)over several years by inflating revenue and underplaying liabilities.

This scandal came into light on 7 January 2009 when Satyam RamalingaRaju resigned his post and revealed his accounting fraud that he manipulated the company’s accounts and thereby increasing the revenue of the company. Ramalingaraju caused a loss of Rs.14,162 crores to the investors which was India’s perhaps the world’s biggest corporate fraud case according to CBI. it is quoted as the Enron scandal of India.

In his letter, Raju explained his scamming operation to something that started as a single lie but led to another as “What started as a marginal gap between actual operating profit and the one reflected in the books continued to grow over the years. It has attained unmanageable proportions as the size of the company’s operations grew over the years.” Raju described how an initial cover-up for a poor quarterly performance escalated: “It was like riding a tiger, not knowing how to get off without being eaten.”

 RamalingaRaju letter

Raju and his team forged fixed deposit receipts (FDR’s) of various banks including monthly statements. They also inflated sales by generating 7561 false invoices. By doing all this they accused lure prospective customers and deceived them.

By showing that the company was driven by profits. He also deceived innocent investors who bought the shares of Satyam computers. RamalingaRaju also used this false accounting and shares to take loans from banks.

Satyam’s shares fell to 11.50 rupees on 10 January 2009, their lowest level since March 1998, compared to a high of 544 rupees in 2008. In New York Stock Exchange Satyam shares peaked in 2008 at US$29.10; by March 2009 they were trading around US$1.80 due to this scam.

ramalingaraju reason

PricewaterhouseCoopers was the statutory auditor of Satyam Computer Services when the report of scandal in the account books of Satyam Computer Services broke. The Indian arm of PwC was fined $6 million by the SEC (US Securities and Exchange Commission) for not following the code of conduct and auditing standards in the performance of its duties related to the auditing of the accounts of Satyam Computer Services.

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RamalingaRaju tried to conceal the fraud by acquiring the companies of his own family members. One such company is MAYTAS (palindrome of SATYAM) which belongs to his own son TejaRaju for a mere 7000 crores but his plan didn’t work out as board of directors didn’t accept his decision and resigned. RamalingaRaju didn’t have any option to clear off the loans which were taken from the banks and revealed his falsification.

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Raju and his brother, B Rama Raju, were then arrested by the CID Andhra Pradesh police in january,2009; on charges of breach of trust, conspiracy, cheating, falsification of records and freezed all his assets. He along with 2 other accused of the scandal, had been granted bail from Supreme court on 4 November, 2011 as the investigation agency CBI failed to file the charge sheet even after more than 33 months Raju being arrested. Raju may face life imprisonment if convicted of misleading investors.

On 13 April 2009, via a formal public auction process, a 46% stake in Satyam was purchased by Mahindra & Mahindra owned company Tech Mahindra, as part of its diversification strategy. Effective July 2009, Satyam rebranded its services under the new Mahindra management as “Mahindra Satyam”. After a delay due to tax issues. Tech Mahindra announced its merger with Mahindra Satyam on 21 March 2012, after the board of two companies gave the approval. The companies are merged legally on 25 June 2013.

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references: economictimes,timesofindia,wikipedia.

7 reasons why Elon Musk is the craziest CEO of all time?

An inventor, investor, entrepreneur and a philanthropist .He is the most influential person alive.

Reason 1: Elon learnt computer science on his own. Developed and sold a code for a video game blaster for 500$ when he was 12 years old. Think what you did when you were 12? :p elon musk and the video game

Reason 2:After dropping from schooling he entered into the silicon valley  co-founded a billion dollar venture PayPal and X.com an electronic wallet for online transactions which was later bought by eBay for 1.2$ billion. elon-musk-paypal

Reason 3:In 2002, he founded spaceX. The only private company funded by NASA. He is currently the CEO and CTO of spaceX. Later he unleashed a dragon V2 capsule, a space craft that will transport astronauts and cargos to international space station. The goal of the company is to make the space travel available to customers. spaceX received a 2.6$ billion contract from NASA to develop the capsule. Elon_Musk_gives_tour_for_President_Barack_Obama

Musk and President Barack Obama at the Falcon 9 launch site in 2010.

Even Google’s cofounder and CEO Larry page said in a TED conference that he would hand over his wealth to Musk because page was impressed by his talents and the change he is bringing to the world by his companies

Reason 4: Joined tesla motors in 2004, later becoming CEO and product architect in 2008. Tesla is an electric car company started in the year 2003 with the prime motto of manufacturing electric cars and electric vehicle powertrains components. Till date(4th Jan 2015) tesla has released 3 models tesla roadster, model S and model X. Tesla’s model x was the company’s biggest achievement. Considered by many as one of the best electric car ever made, the vehicle also earned number of “car of  the year” awards.

elon musk demo He works for 80 to 100 hrs. per week managing both tesla and spaceX.

Reason 5: On august 12, 2013 Musk came with a revolutionary concept of hyperloop. it is a high-speed transportation system which can transport people from San Francisco to Los Angeles in less than half an hour lesser than the time takes by the commercials planes using pressurized tubes. He also said that if no one helps him in this then he would do it himself this tells he is not only an investor but also an inventor.

Reason 6: Cars and Spaceships didn’t satisfy his hunger.he then co-founded the solarCity along with his cousin Lyndon and Peter Rive .SolarCity is now the second largest provider of solar power systems in the United States .In 2012, Musk announced that SolarCity and Tesla Motors are collaborating to use electric vehicle batteries to smooth the impact of rooftop solar on the power grid, with the program going live in 2013 giving rise to his another revolutionary invention of Gigafactory

musk and the solar city   Reason 7: He is compared to tony stark in iron man movie for his genius and influential ideas. He was also featured in iron man2 movie. He is my favorite and the world favorite CEO alive.   elon-musk-tony-stark-featured-630x472     Elon musk in iron man 2 movie:

musk in iron man 2

references: Forbes, business insider,huffingtonpost,the telegraph