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Startups

Vairagya – The Monk Moment for entrepreneurs

The Monk Moment – Many great entrepreneurs have had a moment when they have lost everything. Monks create this situation intentionally through “Vairagya” when they give up all money and possessions. Many entrepreneurs end up in the same situation unintentionally. 🙂

Elon Musk lost $180M and was in debt in 2008. Seven years later, he’s worth $13 billion, but he’d be ready to risk it all again. Continue reading →

That tweet was worth over a billion dollars

Here’s a tweet Travis Kalanick sent in January 2010. The reply from Ryan Graves happened 3 minutes later. That tweet was worth over a billion dollars.

January 2010 was the month Travis was doing a test run with 3 cars in New York for a mobile app that he and his friend, Garrett Camp, had just created.

They had decided it was time to start a company around the app and, needing to find a GeneralManager to run it, Travis took to Craigslist and Twitter looking for the right person. Continue reading →

Instagram sold to Facebook for $1 billion

18 months & 3 simple, not-so-simple steps to $1 billion…

Today, Instagram sold to Facebook for $1 billion. A week ago, when TIME asked Instagram founder, Kevin Systrom, if he would sell the company, he said “It’s not really on the top of our minds right now.”

Kevin is 27 years old and started Instagram 18 months ago with Mike Krieger, in October 2010. The company has grown with just 4 staff, and today has just 9 in the team. With the $1 billion deal that was announced today, was Kevin just plain lucky, or was there some simple steps that he (and others who have had the same luck) have in common?

Here’s three steps he followed. They may not guarantee you exactly the same success – but they will increase your own good fortune:
Continue reading →