While the term “dorm room start-up” may seem somewhat subdued for students as this stage they do not possess any bank balance for starting a business. But many of the successful entrepreneurs actually started it at this stage and that too without any financial support. It was just their unique ideas and self-confidence to move ahead despite all the obstacles coming along the way that helped them. Starting a business at a young age, especially while juggling a full course load in the form of classes, academic projects, dissertation writing, and exams isn't easy, but some of the eminent entrepreneurs have actually ventured into it. Read here to know about these entrepreneurs:
As a student at Harvard, Bill Gates had big ideas. After creating an emulator that ran on a minicomputer, Gates took a leave from Harvard and went to work with his friend Paul Allen at software company MITS. Working there, he developed processors and computer interfaces that are still used today. In 1975, Bill Gates and Paul Allen together launched Microsoft which is the largest software company since then. In 2011, he was listed (right after the President of the Indian National Congress and before the governor of the People's Bank of China) by Forbes as one of the ten most powerful people in the world. Today, he is the richest person in the world, with an estimated net worth of US$84.8 billion.
As a pre-medical student at the University of Texas, Michael Saul Dell started a small business in his dorm upgrading computers in 1984. He went public in 1988 and registered his company as PC's Limited. Operating out of a small condominium, this company soon started to earn an yearly income of $50,000 to $80.000 by selling its kits and add-on components. Later, Dell incorporated the company as "Dell Computer Corporation" and relocated it to a business center in North Austin. Dell's brilliance and skills as an innovator resurfaced in 2007, when after leaving the position of CEO in 2004, he returned to help the company facing economic downfall make a huge turnaround. Thanks to his work, company revenues rose nearly 5%, and today his net worth is US$24.8 billion.
Larry Page and Sergey Brin
During his graduation years at the University of Illinois at Urbana–Champaignhe, Marc Andreessen interned at various companies including IBM and AIX graphics software to learn practical knowledge in computer application and hardware. While working at the National Center for Supercomputing Applications (NCSA) at the University of Illinois, he became familiar with Tim Berners-Lee and together they worked on creating a user-friendly browser that could work on a wide range of computers. Originally named Mosaic, this web browser went live in 1993 and quickly won over thousands of users. Later on, he founded many other companies including the Silicon Valley venture capital firm Andreessen Horowitz and Ning. Today he is also among the board of directors of Facebook, eBay, and Hewlett Packard Enterprise, among others.
Starting a business may not sound easy, but at the same time college campuses facilitate in this in many ways such as providing a supportive group of peers, faculty members to guide you, and a lot of opportunity for research. So, if you are thinking of becoming an entrepreneur in the future, you may start now.
Summary- Read this article to know about some eminent entrepreneurs who started their business journey in their college.