This article listed the top 20 internet entrepreneurs who made it to becoming internet billionaires, and also highlight the five secrets of how they became success. We chose only one representation from each multi-billion internet company.
Mark Zuckerberg – Facebook
Larry Page – Google
Steve Case – AOL
Jeff Bezos – Amazon
Reed Hastings – Netflix
Jerry Yang – Yahoo!
Craig Newmark – Craiglist
Pierre Omidyar – Ebay
Masayoshi Son – Softbank, Yahoo
Hiroshi Mikitani – Japan’s leading online shopping mall
Charles Schwab – Online investing to the masses
Ma Huateng – Runs China’s most popular online chat service
Robin Li – Baidu
Mark Cuban – Broadcast
William Ding – China’s second largest online gaming site
Shi Yuzhu – Giant Interactive
Yoshikazu Tanaka – Gree
Marc Benioff – SalesForce
Jack Ma – Alibaba
Evan Spiegel – SnapChat
Behind-the-scene and key secrets to their success.
- They took advantage of trend & monetizing free information
The first secret to the success of the internet billionaires was their preparedness and ability to take advantage of a moving business opportunity. The internet came as a trend and while most established business owners fought to resist its impact on their businesses; these internet billionaires embraced the internet and went about seeking ways to use it as leverage. The ability to take advantage of trend and – most of the times – utilizing and converting freely available information into a more structured or organized form of communication or services, is the big difference between successful entrepreneurs and the average business owners.
2. They were creative & innovative
The internet billionaires were not pioneers in their fields; they were late comers but they came with a competitive strategy, “innovation.” Google and Yahoo weren’t the first search engine; before them was ask.com. Amazon wasn’t the first online bookstore; other small independent bookstores existed but Jeff Bezos used innovation as an edge to position Amazon as the world largest bookstore. Facebook wasn’t the first social networking site; MySpace was already on ground and successful but Mark Zuckerberg positioned Facebook using innovation as an edge. The lesson here is that you don’t have to be the first to win; you don’t have to reinvent the wheel, all you have to do is improve on the present idea and you will have a winner on hand.
3. They had a mission
One of the reason the 25 internet entrepreneurs listed above became billionaires was because they had a mission; a mission to positively affect humanity and efficiency in longevity for the future. Why do you want to start a business? The answer to this question will determine if you’ll succeed or not. The most important single thing is to focus obsessively on the goals. A business mission is essential to starting a business and growing a business because it helps you the entrepreneur maintain focus; it keeps on course. Without a strong business mission; you might hit success but you can never sustain that success. MySpace went under because Facebook; its competitor had a stronger mission and that business mission became the driving force behind Facebook’s success. Negotiation and compromise may have to be considered every now and again if there are mutually acceptable goals.
4. They are very patient
Extraordinary success comes with extraordinary wait and sometimes sacrifice. During the first startup years of these internet billionaires, they weren’t paid a dime. They worked for free developing their business ideas and even when their various companies was formed; they kept working for free. What’s the lesson here? The lesson is that “delayed gratification is essential to becoming a billionaire and building a successful business; whether on the internet or offline.”
5. The Investors intuitively have faith in them
The 20 internet entrepreneurs listed here are billionaires by all standard but they were not when starting their businesses. One key to becoming a successful entrepreneur or business owner is the ability to start small. Most people dream big but only few are humble enough to start small. They started with small capital they’ve feasibly got on hand and kept it going until the million dollar investors who really believe in their creativity came along and accelerate their business almost at the speed of light to hit fame and fortune. Often times this happens through connections or mutual goals, and in quite a few cases luck had a major role into play. But whatever the reason is, with the correct math calculation and chemistry, they all resulted in a long lasting, win-win partnership that perhaps can go on forever to reach infinity.
Here’s aiming there will be more and more women internet entrepreneurs reaching similar wealth, net and company worth as the ones on this list.
Modified from source: topbusinessideas.com