Showing posts with label Bill Gates. Show all posts
Showing posts with label Bill Gates. Show all posts

Lessons from College Entreprenuer to Billion-Dollar Companies.

These are all about the businesses that started in college and became billion-dollar companies. There are many things to learn from the Zuckerbergs, Dells and Gateses. 

Here are four of those lessons:

1. Find a Need and Fill It

This is the most basic of advice for starting a business; either find something that doesn't exist but would improve the lives of those around you, or find an already available product and make it better and cheaper. Mark Zuckerberg is probably the most famous and richest 26-year old on the planet right now, and he did exactly this when creating Facebook.

Zuckerberg was an undergrad at Harvard in 2004, taking computer science (go figure), and had been programming since he was in his teens. At Zuckerberg's old school there had been a registry of students and their photos published every year, but not at Harvard. So Zuckerberg set out to change that, but after his initial hacking into Harvard's server to retrieve the information needed to make a kind of "hot or not" Harvard page, he was shut down and had to go a different route. This gave rise to thefacebook.com and later, after he and his team moved to California, facebook.com.

There have certainly been problems and issues along the way, but what started as a desire to give everyone access to Harvard student photos has made Zuckerberg a billionaire. Facebook is expected to reach one billion accounts in the near future.

2. Think Outside of School

Michael Dell regularly ranks among the richest men in the world as the founder and CEO of Dell computers. Dell actually started this company while he was still in college doing his pre-med courses. Even as a teenager, Dell was interested in computers and finding out how electronics work, and while he was at college, he turned this into a part-time job. Dell started upgrading computers from a room in residence and eventually started operating as "PCs Limited" out of a condo, selling upgraded PCs via direct order. This eventually became Dell computers, which dominated the PC world during the 1990s and mid-2000s.

The company is not quite as dominant a PC force right now, but having started it as a hobby while pursuing an entirely different goal, Dell has certainly made his mark on the computer world.

3. Use Your School Projects for Larger Goals

When you're in college, it's best to try and focus your studies in a way that interests you and will work out in your favor once you're done school. So don't write a 2,000 word paper on Chapter 57 from "Moby Dick" unless you truly find it interesting or want to teach this Melville classic in the future; make your studies work for you.

This is what Larry Page and Sergey Brin did when they were both pursuing their PhDs at Stanford in computer science. They were working on a research project that would create a search engine that would analyze the relationship between websites, and Google was born. The idea of Google comes from Brin's and Page's idea that information should be accessible and universal, and they're making this a reality through a project started at Stanford.

4. Don't Let School Get in the Way

Bill Gates didn't let school get in the way of creating something that would both help the world and make him a multibillionaire. After scoring a mere 1590 out of 1600 on the SATs, Gates enrolled at Harvard with the hope of studying law, and after seeing one the first mass-consumed micro computers, the Altair 8800, Gates and his former classmate Paul Allen approached the maker of the computer to let them know they had written a programming language for the computer. After the maker of the computer, MITS, accepted the offer, Gates left Harvard to pursue his dream, never to return. Shortly after this, Microsoft was formed.

Gates used the college's computer labs to work towards his real passion, and when that passion paid off, he realized that college wasn't for him. Zuckerberg also left Harvard and hasn't returned.
Source: Yahoo


Character information.
Mark Zuckerberg is an American entrepreneur and co-founder of the popular social networking site Facebook.
Michael Dell is an American businessman and the founder of Dell Inc..
Larry Page and Sergey Brin are American computer scientists and industrialists, who founded Google Inc..
Bill Gates is an American businessman, philanthropist, author of Microsoft, a software company he founded with Paul Allen.

In summary we need to focus on our passions in life and be guided by what we learned from schooling and our mentors as well and pursue our dream.  Dream big. Get larger goals. Focus. And take action.

Billionaires want other billionaires to donate more to charity

Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett are launching a campaign to get other American billionaires to give at least half their wealth to charity.

Patty Stonesifer, former CEO of the Bill & Melinda Gates Foundation, told The Associated Press on Wednesday that Gates and Buffett have been campaigning for the past year to get others to donate the bulk of their wealth.

The friends and philanthropic colleagues are asking people to pledge to donate either during their lifetime or at the time of their death.

The handful of billionaires approached so far have embraced the campaign, said Stonesifer, a close friend of Gates who offered to speak about the effort. Four wealthy couples have already announced their pledges, including Los Angeles philanthropists Eli and Edythe Broad, Gerry and Marguerite Lenfest of Philadelphia, John and Ann Doerr of Menlo Park, California, and John and Tasha Mortgridge of San Jose, California.

Gates and Buffett are calling their campaign The Giving Pledge. Buffett, chairman and CEO of Berkshire Hathaway Inc., said in a letter introducing the concept that he couldn't be happier with his decision in 2006 to give 99 percent of his roughly $46 billion fortune to charity.

Buffett's plan will eventually split most of his shares of his Omaha, Nebraska, company between five charitable foundations, with the largest chunk going to the Gates Foundation.

Besides Buffett's pledge to the foundation, he also plans to give Class B Berkshire shares to the Susan Thompson Buffett Foundation, which he and his late first wife started, and the three foundations run by his three children.

Buffett said in 2006 that his other 73,332 Class A shares of Berkshire stock, worth about $8 billion, would also go to philanthropy, but he didn't spell out how those shares would be distributed.

Bill and Melinda Gates have made a similar pledge through the establishment of their Seattle-based foundation.

Gates and Buffett are asking each individual or couple who make a pledge to do so publicly, with a letter explaining their decision.

"The pledge is a moral commitment to give, not a legal contract. It does not involve pooling money or supporting a particular set of causes or organizations," they explain in a written statement about the project.

Source: http://www.csmonitor.com/From-the-news-wires/2010/0616/Billionaires-Bill-Gates-Warren-Buffett-want-other-billionaires-to-donate-more-to-charity

This is great!  Truly rich people are the most generous.  This is gonna be a proof that the rich are not selfish.  They are the ones who has helped the many. This for me is a good example to everyone and a challenge also to share and not to count the cost.  Happiness can be found in giving charity works.  They are the truly rich people in our time.

#2 Top 20 Billionaires in the World

Bill Gates

Net Worth: $53 billion

Source: Microsoft

Residence: U.S.

• Software visionary is now the world's second-richest man. Net worth still up $13 billion in a year as Microsoft shares rose 50% in 12 months, value of investment vehicle Cascade swelled.

• More than 60% of fortune held outside Microsoft; investments include Four Seasons hotels, Televisa, Auto Nation.

• Stepped down from day-to-day duties at Microsoft in 2008 to focus on philanthropy.

• Bill & Melinda Gates Foundation dedicated to fighting hunger, improving education in America's high schools, developing vaccines against malaria, tuberculosis and AIDS.

Source: http://finance.yahoo.com/career-work/article/109029/worlds-billionaires-2010