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It's a great insight in his building a business against his parent's wishes (while still a minor), how he managed things, partnerships and legal stuff that went sour, what he did between his first exit and his second company (built a restaurant, invested in stocks and quit, etc.) and more. It's a good read.
1- license tech now, pay later 2- ? 3- profit!
Earlier quoted context omitted.
I'm not sure whose site is funnier, his or Eric Litman's: http://ericlitman.com/
We need a ".ego" TLD.
1- license tech now, pay later 2- ? 3- profit!
I realize these were crazy times but .. I smell a fish.
This story has so many missing pieces it's not even worth reading. What I want to know is who's the engineer he suckered into getting his first codebase up and running?
It basically summarized his book up in 2 minutes. It leaves out all the details and good information. It's articles like these that do entrepreneurs a dis-service: a) You don't get the nitty gritty important details on how he really did it. You should definitely read his book to find that out btw. b) The focus is on the zeros and commas, making everyone think they can make million on teh internetz easily.
I know it's fun to rewrite the same story over and over about how you fall out of bed into a pile of money, but it gets a little old for those of us who know you really fall into a pile of hard work and meager reward.
This guy has a huge ego (check out his blog). But taking a 30K risk when you're 16 is pretty impressive, especially considering how poor his family was. EDIT: Not his blog, his site.
But I guess given where he came from and what he's accomplished he's earned the right to act however he wants. I personally think being humble gets you much further in life, but that's just me.
This story has so many missing pieces it's not even worth reading. What I want to know is who's the engineer he suckered into getting his first codebase up and running?
I didn’t know how to program, but realized that advertisers would need a way to track visits online. I thought I could buy software to help me, and found a guy in London who had technology that he offered me for $30,000.
See? It's as easy as ABC. Identify problem, find a programmer who has the shrinkwrapped solution sitting on his harddrive, convince him to give it to you for the promise of paying $big_sum later (as we know most programmers are slightly retarded anyways, he'll do it), launch, cash out, write book, buy rolex, make douchebag stock photo, done.
If that's not a guide on how to launch a successful startup then I don't know what is.