19 October 2011

10 Young and Most Successful Tech Founders

They are young, full of enthusiasm and believe in innovation-we are talking about some of the most successful gen next founders of most valuable start ups.

Let's get a sneak peek into the youngest entrepreneurs running these start ups.

1. Mark Zuckerberg

Mark Zuckerberg
Mark Zuckerberg, 27 is the name that is synonyms to facebook. He is the young nerd who transformed social media into a revolution, a high end business, a hub for entertainment. He is most successful youngest tech founder on the planet with company valuation of $80 billion.

A college dropout from Harvard University went on to create the social networking site facebook along with his friends Dustin Moskovitz, Eduardo Saverin, and Chris Hughes in the year 2004, which have turned to be a cult today.

2. Arash Ferdowsi and Drew Houston

Arash Ferdowsi and Drew Houston
Drew Houston, 28 teamed up with fellow MIT computer science student Arash Ferdowsi, 25 to start the company in the year 2007. Ferdowsi dropped out of school his last semester to fully commit to the project. The pair worked tirelessly for three months in a cramped office in Cambridge, created dropbox which specializes in file sharing and storing platform in the cloud.

Today the company valuation stands at a whopping $4 billion.

3. Tim O'Shaughnessy and Eddie Frederick

Tim O\'Shaughnessy and Eddie Frederick
Tim O'Shaughnessy, 29 and Eddie Frederick, 30 are the founders of Living Social, which is a daily deals site. It also includes Instant, Escapes, Adventures, and Families.

LivingSocial released its first deal on July 27, 2009, for the restaurant Zengo in DC's Chinatown. LivingSocial members have purchased over 21 million deals and stands at a company valuation of $3 billion.

4. Daniel Ek

Daniel Ek
Daniel Ek, 28 is the founder of Spotify, a company that deals in digital music service with access to millions of songs via a freemium and advertising model.

He is probably the youngest founder the world had ever produced as he is said to have founded his first company 1997 at the age of 14. Spotify was launched in the year 2008, as a reaction to the decline of the music industry. People listen to more music than ever, from a bigger diversity of artists. The underlying business has changed from being about ownership to an access model.

Spotify has a company valuation of $1.1 billion.

 5. David Karp

David Karp
David Karp, 25 is the founder of Tumblr, a social blogging platform. David Karp founded Tumblr in 2007 with Marco Arment as lead developer, 75,000 existing bloggers soon switched to the platform, and since that time, the service has garnered more than 3 million users. In 2010, he was named to the MIT Technology Review TR35 as one of the top 35 innovators in the world under the age of 35.

The site ranks as the 10th largest social network with 6.8 million weekly visits. Today the company has a valuation of $800 million.

6. Naveen Selvadurai

Naveen Selvadurai
Naveen Selvadurai, 29 is the founder of Foursquare, a social location and check-in app, rewards platform.

Naveen graduated with degrees from King's College London in the UK and Worcester Polytechnic Institute in the US, and went to work with Lucent, Sony, Nokia and Sun Microsystems before he started his mobile social networking venture Foursquare along with Dennis Crowley. He basically hails from Tamil Nadu, India.

As of June 2011, the company reported it had 10 million registered users. Today the company stands at a valuation of $600 million.

7. Aaron Levie

Aaron Levie
Aaron Levie, 26 is the co-founder of Box.net, which he originally created as a college business project with the goal of helping people easily access their information from any location.

Box.net is an online content management and file storage business. The company has adopted a freemium business model, and provides 5GB of free storage for personal accounts. A mobile version of the service is available for Android, iPhone, iPad and WebOS devices.

8. Daniel Kafie and Josh Kushner

Daniel Kafie and Josh Kushner
Daniel Kafie, 28 and Josh Kushner, 26 are the founder of the online gaming site Votsu.

Initially a social network for Latin America with a strong presence in Brazil, the company developed and launched its first successful social game in June 2009 under the title "Joga Craque", a soccer-focused RPG for Brazilian players. It then launched a version of the same game on the popular Brazilian social network Orkut in October 2009. More recently, Vostu launched a farming game on Orkut called "Mini Fazenda" which as of January 31, 2010 had 8 million monthly active users and was rated the #1 social game on the Orkut platform.

Today the company valuation is a stagerring $300 million.

9. Ben Lerer

Ben Lerer
Ben Lerer, 29 is the founder of Thrillist, digital lifestyle publication and daily deals for men; currently reaching over 2 million subscribers in 17 markets.

Thrillist was founded in 2004 by college buddies Ben Lerer and Adam Rich, who graduated from the University of Pennsylvania in 2003 and shortly after moving to New York City, recognized the need for a city guide that catered to guys like them. Lerer and Rich launched the first ever Thrillist e-mail newsletter in 2005 to 600 friends.

It has a company valuation of $150 million.

10. Kevin Systrom and Mike Krieger

Kevin Systrom and Mike Krieger
Kevin Systrom, 27 and Mike Krieger, 25 founded Instagram, which is mobile photosharing app with 9 million users.

Both Kevin and Mike are products of Stanford University. Kevin spent two years at Google - the first of which was working on Gmail, Google Reader, and other products and the latter where he worked on the Corporate Development team.

Mike on the other hand worked at Meebo for a year and a half as a user experience designer and as a front-end engineer before joining the Instagram team doing design & development.
The company valuation stands at $100 million.