The founders of startups are largely convinced that raising funds is a precursor to success. It is true that this is a common denominator for the most successful tech startups, but it is not a prerequisite, in particular for the launch of the young shoot.
Entrepreneurs can prove themselves with little or no capital. Capital doesn’t make funded founders any more insightful than those who aren’t. If someone can’t creatively turn a dollar into $ 10, why do you expect them to be able to convert a million into ten million?
To help illustrate how businesses can start without raising money, we’ve rounded up over 50 examples of businesses that started with a few thousand dollars, or with equity, to become examples of what we call “the effective entrepreneurship ”.
Many of these companies were subsequently valued in excess of $ 1 billion. Some even have multi-billion dollar incomes, but none started with a lot of money. A high percentage of these startups raised funds from venture capital firms, but only after they established that their success would come. Even now, many of them aren’t widely known – they’re tech’s invisible unicorns.
So, before you jump into planning investor meetings, read these stories. They provide a counterbalance to the venture capital perspectives of many founders and provide other avenues for thinking about funding. Taking on venture capital should be a choice, not a constraint.
The history of business
The term “enterprise” is a word of French origin which can be defined as “the sustainable regrouping and the organized implementation of means in capital, men, techniques, to produce goods and services intended for a solvent market. “.
This definition therefore refers to an entity that predates the industrial revolutions of previous centuries, and explains why the company has been and remains an engine of economic development. The origins of the company ‘modern’ (excluding the company called “market” and other forms of online transactions that have existed throughout history) back to the xvi th century.
If the exchanges of a commercial and market nature appeared long before this date in Antiquity, they experienced an interruption during most of the Middle Ages during which many Eastern invasions led Western countries to organize their societies into feudal regimes. self-sufficient. Even before that, the development of the company as we know it today has been slowed in part by the mentality of some elites who saw the work as something humiliating and trade activities as sterile.
Initial conditions for the emergence of entreprenable activities in Europe appear to xiv th century while the circle of trade is gradually increasing.
A patent system very similar to the existing one will be born in the Netherlands in the late xv th century. Cognitive theories taught in business schools are spreading more or less consciously across the continent: people are gradually realizing that business expeditions should first and foremost meet the needs of an existing clientele.
The creation of the East India Company in the early XVII th century and the advent of England on the commercial scene after the first developments. European domestic markets are gradually developing and technical and technological advances have led the continent to a pre-industrial era and then to the industrial revolutions that have shaped the world we know today.
Where does the money come from?
Money, whatever its form, is a universal system at the origin of the organization of any economy. It even constitutes its central point, allowing us to exchange, store or produce value. But has money, as we know it today, always existed?
How was the money created?
We often speak of barter as the first fruits of money, but around 3500 BC. J.-C. already, the city-states used an administrative accounting system to identify the debts of the inhabitants. Then barter, that is, the exchange of goods, developed some 500 years later. The wealth of each then corresponds to the value of what we have. But this organization is difficult to maintain over time since the goods exchanged do not necessarily always have the same value. At the time of Antiquity, precious metals began to be integrated as a currency of exchange.
It is in the 6th century BC. J. – C. that Croesus, then king of Lidye, manufactures the first coins which approach modern monetary systems. The creseids are made from the residue of gold, silver and bronze and are marked with specific symbols. The value of each differs depending on the metal . A real revolution in the history of money which will develop initially among the Greeks of Asia Minor then will arrive in France in the 5th century BC. J.-C ..
Currency evolution in France since Cresus
The bill of exchange appeared in the Middle Ages and was the first form of cashless payment traffic. The problem is, there are more bills of exchange circulating than the value guaranteed by the gold. Which causes, among other things, the bankruptcy of several kingdoms. In the 8th century AD, Emperor Charlemagne introduced the silver denarius throughout his territory. It will be replaced by the gold shield of King Saint Louis XIIIth century. In 1356, Jean Le Bon, then taken prisoner by the English for 3 years, was released for ransom. He created a model of gold coin, the “franc on horseback” which is considered to be the ancestor of the franc and which will be abandoned for the louis d’or imposed by Louis XIV.
In the middle of the 18th century, Napoleon reformed the franc system where there was still ecu, Louis d’or, and other coins. It is the beginning of the single currency marked by the germinal franc. Also during this period, France experienced a shortage of metallic money. Bonaparte created the Banque de France in 1800 and marked the beginning of sustainable fiat money in our country. Each banknote corresponds to a certain weight of gold which is kept and stored in the bank. For its part, the Germinal franc will undergo several changes until the creation of the new franc by Charles de Gaulle in 1963. The latter was officially replaced by the euro on February 17, 2002.
Primitive forms or protomonnaies
It is not possible to precisely locate the invention of money. Adam Smith sees the development of the division of labor within society with the Neolithic revolution and the intensification of barter operations as the reasons for the rise of money, which facilitates economic exchanges. This primitive barter theory however is a myth propagated by liberal economists of the xviii th century, pre-monetary savings being more based on the credit barter.
Yet the origins of money are also inseparable from social and ritual exchanges. What if very old practices have been observed such as the fact that an object is put in reserve for a later use of exchange or is used regularly as counterpart of exchanges or that a counting symbol is used to account for a well, then the first coins go back to the roots of mankind.
More advanced forms of unit
●In Mesopotamia, a unit of account, the mine, is used, for example, in the Akkad Empire (2300-2200 BC ). The first cuneiform writings, on clay tablets, reveal accounting writings. A system of administrative management of debts and receivables is being developed based on the comparison of the value of the products exchanged with “standard values” known to all (given quantity of cereals, gold, or silver).
●In Egypt, as in Mesopotamia, scriptural money existed long before fiduciary money (several thousand years ago). The Egypt of the Pharaohs has a series of units of account: the Sha and its multiple the Deben, or the Quite which is equivalent to a tenth of the Deben, are used daily by the scribes. But with the intensification and diversification of trade, much too heavy accounting is being set up. Simplifying will consist in finding the means to settle a debt by a simple and reliable means: the so-called “fiduciary” money [not clear].
●In China, next to the kauri shells (or cowries ), used between the end of the II th millennium BC and the xvith century, there is the use of a stamped piece of cloth acting as a title payment, close in its operation to the banknote which was also invented in China (the jiaozi ).
●At a comparable level of development, the Aztecs have a numbering system and also a standard unit of account, the Quachtli, which is equal to 100 cocoa pods or a piece of cotton called Ixtle.
The invention of coinage
Because they are sought after by many peoples, the value of metals is intrinsic (“commodity money “), with the qualities of being incorruptible (therefore durable), homogeneous, malleable (therefore easily divisible and able to bear an imprint) and relatively rare.
The metal coins in the Middle Ages
The use of currency experienced a regression in Europe of the High Middle Ages with restrictions on trade and the establishment almost everywhere of feudal systems leaving little room for economic freedoms. Barter, that is, the exchange of one commodity for another becomes the rule. The Merovingians use the old currency and even abandon the new minting on the model of the old coins to towns or monasteries. The currency is, more or less according to the times, visible to the elite or to the more affluent, and the rest of the people do not know it. Entire generations of people, especially in the countryside, will live without ever seeing money circulating. In addition, currency was difficult to exchange unless the coins were gold or silver.
Mercantilism and the currency
Mercantilist conceptions dominated from 1450 to 1750. Contemporary with the emergence of the great modern States, religious reform, a rise in trade and production, the discovery of the Americas and the Indies, a swelling of the movable wealth faster than that of wealth linked to the exploitation of the land, they raise the question of the wealth of the Prince and therefore that of the nation.
The first substitution of the metal paper
While money already represents a certain quantity of goods, which could not be handled so easily, the next step is the establishment of a second level money, which itself represents a large quantity of metallic money. left in safe deposit. Thus appears the paper currency (banknote, known in China as early as the viii th century ), which originally represents a debt due on demand in the form of metal or other property. The bill of exchange, invented by Italian merchants, is one of the first ways of substituting metal for paper.
10 Of the world’s largest companies in the world
After the successful issuance of shares on the stock exchange, Saudi Aramco (Saudi Arabian Oil Company) became the richest company in the world. SA officially released its financial reports for the first time in 2019. Shortly after the shares were issued on the Tadawul Stock Exchange, the value of the company exceeded $ 1.8 trillion.
The oil giant has exceeded all expectations with the shares issued: its IPO is considered one of the most successful in history. Saudi Aramco is said to be using almost all of the profits for various mergers, purchases and to expand its influence around the world. In particular, the company intends to become a leader in the production of liquefied natural gas.
Apple has long been the most expensive company in the world. But due to unsuccessful phone models, it lost its primacy. Now things are going well with the company and now Apple is the second in terms of market value in the world.
At the same time, the company continues to occupy the first position in the list of the biggest brands. Today, the company logo is probably recognized by many people because Apple has truly become the best performing brand. Its value is estimated at $ 1,397 billion by rating agency experts.
The company was established on April 1, 1976 by Steve Wozniak, Ronald Wayne and Steve Jobs. The trio initially began assembling personal computers and producing proprietary models of PCs, but their greatest success has been in recent years when Apple introduced its line of mobile products to the world – iPhone smartphones and iPad tablets.
Nowadays, the range of its products is extensive and includes smartwatches, computers and laptops, tablets and smartphones, etc. However, the popularity of “apple” gadgets is characterized by superior quality, sleek design and a brilliant marketing program by Steve Jobs.
The internationally renowned company was founded in 1975 by Bill Gates, who is one of the richest men in the world to date.
At that time, Microsoft was the first software developer to suggest the use of software packages for personal computers that would thereby make the PC experience user-friendly and intuitive.
This software – the Windows operating system – was a real breakthrough since it made it easy for ordinary users to master computer skills. The system has brought the company incredible success and huge profits. Today, Microsoft is also one of the market leaders in PC software; It offers next-generation Windows operating systems, a collection of document-based applications called Microsoft Office, and a number of other software. In addition, Microsoft manufactures its own mobile devices and accessories, as well as video, audio, and office equipment.
On January 7, 2019, Amazon for the first time became the most expensive company in the world, overtaking its competitor, Microsoft. Now it only takes 4 places.
Amazon is an American retail company that sells and delivers a variety of products over the Internet.
Internet users, suppliers and producers can sell any product themselves using Amazon’s website as an online platform.
The main line of business of the company is the sale of various products. The popularity of the service has skyrocketed due to the high quality products, low prices, prompt delivery and a large assortment of diverse products.
The company was established in 1994 by Jeff Bezos. Amazon is headquartered in Seattle, Washington, United States.
Delta Electronics (Thailand)
Delta Electronics (Thailand) Public Company Limited is a subsidiary of Delta Electronics Inc. It is engaged in the manufacture of electronic products including various electrical equipment, industrial and construction automation systems, infrastructure for alternative energy and transportation. electric, and much more.
The parent company was founded in 1971 and a regional office in Thailand was established in 1988. And now, in terms of market capitalization, the subsidiary intends to become the largest company in the world.
Google, the internationally renowned internet company, recently changed its official name to Alphabet, because the company was long out of the Google search engine vision and now owns many other companies.
Sergey Brin and Larry Page, who jointly created the mega-company in 1998, are the heads of the Internet group.
Over thirty popular services and sub-companies are part of the holding: AdWords, Android, YouTube, to name a few. Google is headquartered in California.
Tesla is the world’s largest electric vehicle maker, which also produces solar panels and batteries. At the end of 2020, Tesla and 27 other American companies formed the Zero Emission Transport Association (ZETA), which will promote the switch of all American vehicles to electric motors. The company currently offers several models of electric vehicles, including a sedan, a crossover, a roadster and even a large truck for freight.
Tesla was founded in 2003 by Martin Eberhard and Mark Tarpenning, and Elon Musk only became the company’s major investor and chairman of the board in 2004. Although Musk was not the founder of the startup, it was he who helped the company reach such heights and worldwide fame.
Facebook was developed by Mark Zuckerberg in February 2004. The social network Facebook is currently visited by more than 2 billion people every day. The market value of $ 757 billion is simply an astronomical indicator of the popularity of an Internet project.
Today, Facebook generates a net annual profit of more than $ 22 billion from online advertising. In addition, the company is among the TOP 10 leaders in terms of profitability, with its net profit increasing by 54% in the past year alone.
Tencent is a venture capital firm, conglomerate, investment portfolio, and one of the largest companies in the gaming industry.
This Chinese giant, founded in 1998, occupies the 9th position in the world ranking of the most expensive companies.
Its services encompass social networks, mobile games, music, web pages, payment systems, e-commerce, internet services, smartphones, and online multiplayer games which are among the most important and most popular. most famous in the world in their respective category.
Alibaba company is one of the largest e-commerce platforms in China and the world, catching the attention of buyers both with affordable prices and a wide range of products presented.
Founded on April 4, 1999, the company provides services to consumers, businesses, businesses and businesses through web portals, as well as electronic payment services, a customer search system and cloud computing.
The richest companies in the world
Berkshire Hathaway Inc.
The company is known for its permanent owner, an American investor and entrepreneur: Warren Buffett. The company is headquartered in Omaha, Nebraska, United States. Its stock price of $ 344,970 makes it the most expensive stock in the world.
Visa Inc. was founded in 1958. It is an international company that performs payment transactions and bank transfers between financial institutions.
Visa is the second largest payment system in the world based on the cards that have been issued and the amount of transaction data. You can pay with Visa cards in over 200 countries.
Most of the company’s transactions are processed using the VisaNet electronic payment network.
Note that the company has four processing centers for these transfers located in Colorado, Virginia, London and Singapore. They are well protected against possible criminal attacks and natural disasters.
JPMorgan Chase is a commercial bank which is the largest commercial bank in the United States and 6th in the world in terms of total assets.
What was once a chemical bank forms the core of JPMorgan Chase. JPMorgan Chase retains the pre-1996 stock price history of the Chemicals Bank, as well as its former corporate headquarters.
The “JP Morgan” brand, historically known as “Morgan”, offers investment and banking services, private banking services, manages private assets and wealth.
Johnson & johnson
Johnson & Johnson is an American multinational manufacturer of medical devices, pharmaceuticals and consumer products. The company was formed by three brothers – Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson – in 1886. The brothers originally produced bandages and dressings. Later, in 1893, they also produced baby powder.
Approximately 250 affiliates located in 60 countries and selling to more than 175 countries are part of the company.
How internet entrepreneurship started
In the last few years, when the use of the Internet has become mainstream, people have also started to use the online world for business purposes. Then there appeared a long list of online businesses such as creative design, content writing, content marketing, and more. Around this time, people who knew how to be successful online began to take advantage of the online world. Social media platforms and the e-commerce industry have sprung up, which has generated huge sums of money for their creators. This is how people learned the benefits of the Internet for making money.
The 20 most successful and famous entrepreneurs
The world moves thanks to businesses, whether they are large multinational chains or small, modest local stores. And that wouldn’t be possible without its founders, visionaries who risked their time and money to create a dream that would bring added value to society.
One of the richest men in the world. Bill Gates is the co-founder of Microsoft, one of the world’s largest software companies. According to Forbes magazine, his fortune is currently around $ 80 million.
Gates studied at a private school in Seattle, something that opened the doors to Harvard, where he would start Microsoft with his partner Paul Allen. In 1980, he successfully sold his new operating system to IBM, which over the years led him to create Microsoft Windows, the operating system used today in the vast majority of computers in the world. world.
His fortune has enabled him to carry out various charities and to create, with his wife, the Bill and Melinda Gates Foundation, with which he works to invest in health and education in less privileged places.
Paul Allen is the founder, along with Bill Gates of Microsoft. This American entrepreneur and visionary ignored the brand when diagnosed with Hodgkin’s disease.
By his return, Gates had already secured all the power, and he had no choice but to seek new ways. I would create Vulcan Ventures and participate in companies like Priceline, Dreamworks, GoNet or Oxygen.
Steve Jobs is one of the most famous entrepreneurs in history. His tireless and innovative character has led him to create a before and after in mobile technology and computing.
Creator and co-founder of Apple, Jobs started in the garage of his house what would become one of the world’s leading companies. With effort and work, he managed to boost and modernize personal computers. The Macintosh 128K would be the first great invention in a series that still continues with Ipod and Iphone. Sadly, due to pancreatic cancer, he died in 2011 at the age of 56.
Stephen Wozniak was next to Steve Jobs, co-founder of Apple. His aspirations as an entrepreneur were the same as Jobs’s: both had initiative and both started the project in the garage to develop their ideas.
Wozniak left Apple in February 1985 to create a company called Cloud which was dedicated to the development of remote controls.
Jeff Bezos is neither more nor less than the fifth richest man in the world and founder and CEO of the famous online shopping site Amazon.com.
His career as an electrical engineer sparked his interest in IT. In 1994, he created an online bookstore called Cadabra.com, transformed over time into Amazon.
His idea was to be able to function as a catalog of books that the user entered and could purchase whatever they wanted to have at home in a few days. Something that started with 2,000 daily visitors has grown into millions over the years.
Larry Page is co-founder, with Sergei Brin of the well-known search engine Google. Page met Seguéi at Stanford University, with whom he founded Google in 1998. His impact was such that they now control the world’s most widely used search engine, far above the competition. Today, the CEO of Alphabet is a company that controls both Google and other types of tech companies.
Brin was a classmate of Larry Page and co-founder of Google. In PhD at Stanford University would create Google. The famous search engine allowed them to quit their studies and work on Google technology. After almost 20 years working on Google, Sergei is the current president of Alphabet Inc. It also occurs with various Page papers in academic and business forums around the world.
Zuckerberg, the billionaire creator of the social network Facebook had to face a multitude of problems before achieving success. He has been denounced several times for plagiarism and problems with his collaborators.
Despite this, her story begins in 2003, at Harvard, when she decides to do some small “tests” such as Facemash.com, a website that allows students to qualify at their university.
Its impact was such that a year later, it would create Facebook, to date, it is the social network with the most users in the world.
Disney is the person with the most Oscars in movie history who has a long way to go to reach the top.
It all started with his passion for drawing and comics, which led him to work in an art studio. But it wouldn’t be until years later, when he created Laugh-O-Gram Films, Inc., a company dedicated to making short films for children, where he would create Alice in Wonderland.
Years later, a Hollywood producer became interested in his film and signed him to make more films.
His success came with the creation of Mickey Mouse, which made the entire press capitulate to his feet. The League of Nations awards it the title of international symbol of goodwill.
As a result of this moment, new characters like Goofy or Donald Duck will be born, with them films and the international recognition they enjoy today.
Henry Ford was the founder of Fotd Motor Company. His initiative and revolutionary ideas led him to create one of the most famous car brands in the world.His childhood as an apprentice trainee led him to be hired by a steam engine company and later as an engineer in the Edison company.
After having accumulated a great deal of experience in the world of machines, he created Ford Motor Company. Their cars would go down in history thanks to their revolutionary designs (like putting the steering wheel on the left).
Located in the top 3 of the richest men in the world, Carlos Slim has always been an investor who wanted more and more.At only 25, he began to create the foundations of the Carso real estate group.
In the 1980s, I took advantage of a serious crisis in Mexico to invest and risk buying shares in several companies. Thanks to these movements, he consolidated his fortune.
Over the next few years, he would invest in companies like Apple, or more recently the New York Times.
Along with Carlos Slim and Bill Gates, Ortega sits atop the Forber list of the richest men in the world.
Amancio Ortega founded Inditex with his ex-wife. Although his career started with only 14 years old, I work as an employee in several clothing stores. Years later, he created the company Confecciones GOA, SA, where he made bathrobes.In 1975, he opened Zara, his first store to be held in the center of La Coruña. Over the next decade, it could grow nationwide and find what it is today Inditex.
Elon Musk is a South African physicist who started his life trying to create something big and leave a mark in the world.
Tireless since childhood, this South African decided to move
United to launch their careers. The creation of the company Zip2 would lead him to manage more than 200 websites to found X years later, a financial security company that would drift into Paypal. Today, Elon Musk controls Paypal, Tesla Motros, SpaceX, SolarCity, Hyperloop, and OpenAl.
Branson is the creator of the Virgin brand, which brings together more than 360 companies in the Virgin group.
Her entrepreneurial story began at the age of 16, when she published a magazine called Student. When I was 20, I created a post office ledger for businesses and only two years later he opened the Virgin Records network.
Buffett was included by Time magazine in 2007 among the 100 most influential people in the world.
During his time at the University, he already had a glimpse of the character: he had tried several failed part-time ventures while combining it with the studios.
Warren Buffet has made various achievements, among which stands out the creation of Buffett Associated LTD or the executive director of Berkshire Hathaway
Howard Schultz is an American businessman who currently serves as President and CEO of Starbucks Coffe Company.
His integration as chief marketing officer revolutionized the philosophy of the famous café: he replicated Italian cappuccinos in Starbucks to start taking the reins of the company.
Schultz laid the foundation for what this channel means today, in which he sought an “environment in which the intimacy of the relationship with space and the coffee experience could come to life.”
Ray Kroc is neither more nor less than the founder of the well-known McDonald’s food chain.
Ray bought the first restaurant from brothers Richard and Maurice McDonald in 1955 as a chain. Its success made its global expansion.Prior to his success in the fast food chain, Ray had already attempted to do other types of business such as marketing Multimixer, a machine capable of making up to five milkshakes at a time.
Sam Walton is the 20th century American entrepreneur who founded the country’s two largest retailers.
The first of these is Walmart, a multinational corporation that operates low-cost chain stores and warehouse clubs. It is the third public company in the world.
The other store is Sam’s Club, a wholesale chain. It reaches nothing more than 47 million customers between the United States and Puerto Rico, while operating out of a total of 612 stores.
The story of Soichiro Honda, at least, is curious. Recently graduated, he went to a job interview to work at Toyota. After realizing it, they told him that his characteristics did not match those of the company and therefore he was not going to have access to work. This stick meant for his life before and after. He decided to create the company himself that is known today as Honda, one of the largest manufacturers of motorcycles and cars around the world.
Lawrence J. Ellison
Lawrence J. Ellison is the visible chief executive of Oracle, a grassroots company dedicated to database development, being its founder and executive director (since leaving just a year ago). In 1977, he decided to found two Oracle partners, a project for which they put $ 1,400 out of his pocket. Currently, Oracle is the leading relational database management system company with a market share of +47.
10 companies to conquer space
Almost everywhere on the planet, the conquest of space is in tune with the times.
Much was made of Elon Musk’s company when it launched a Tesla into space last February. But the eccentric entrepreneur has a much more ambitious goal: to conquer Mars. He hopes to send humans to the Red Planet in 2024. Read More
Are you looking for an exotic vacation destination? For 250,000 US dollars, Richard Branson’s company offers to spend a few minutes weightless in space aboard a space shuttle. Despite the astronomical price, 700 people have already reserved their places (including Tom Hanks and Katy Perry). The first flight is scheduled for the end of the year.
The company of Jeff Bezos, founder of Amazon, also wants to take boaters into orbit. The capsule-capped rocket, New Shepard, reached space during a flight 107 km above sea level on April 29. Blue Origin hopes to start offering its space cruises in the coming months. Pricing has yet to be announced, however.
This American company wants to make space travel more viable by building “space gas stations” on asteroids. This is because the water they contain could be transformed into fuel. It would thus be possible for the shuttles to refuel during their journey.
The year 2019 will mark the 50 th anniversary of the moon landing of the Apollo 11 mission To commemorate the event, the German space exploration company PTScientists wants to return to the moon. This will be the first private lunar trip.
The aviation company has signed a contract with NASA (which it shares with SpaceX) to build “space taxis”, which will be used to drive astronauts to the International Space Station. Since 2011, NASA must use the Russian shuttle Soyuz to transport them, which is expensive; costs are estimated at US $ 76.3 million per astronaut for the year 2017.
The popular social network wants to provide high-speed Internet access anywhere on the planet by sending satellites into space. This project remained secret for a long time, but a job offer for an “extraterrestrial product manager” put the chip in the ears of the journalists.
The Russian state-owned company wants to deploy a global Internet network using satellites similar to Facebook’s. It is also collaborating with the European Space Agency on a mission to study Mars using various exploration devices.
On May 17, OneSpace became the first private Chinese company to launch a rocket. Although its shuttle is much less powerful than SpaceX’s, the company hopes to offer manned flights by 2025.
This American company specializing in terrestrial imagery photographs the planet in order to make visible the transformations taking place there. It uses 200 satellites which take 1.4 million pictures daily.
If we take a more in-depth look at the real-life stories of these successful online entrepreneurs, we will get to know their struggle and effort to make their dreams come true. All of them provide us with the inspiration for continued hard work with dedication and passion. Their drive for success in life is what drives them to be among the most influential people in the world. Without a doubt, they are a motivation for anyone who wants to accomplish more in life. Above we have tried to list some of the successful internet entrepreneurs who are making money online seamlessly with huge profits. We would love to hear from you if you could share any other names with us.